After you decided to be an online arbitrager and before starting your business, you have to decide how you want to source your items.
There are several methods for finding good deals and sell on Amazon. Every method has its costs and benefits, and you need to balance between them up to your requirements.
We’ll break down the main four methods here: manual sourcing, using search tools and scraper software, buying lead services, and making a team. You can mix two or three methods to find the best results.
For choosing either one of them, you need to consider your budget, time, the volume of your orders, and so on.
Maybe you change your method after a while. For example, initially, you buy Amazon Online Arbitrage sourcing lists, but after you developed your business, you can make a team and hire virtual assistants.
Here we have listed four main methods to source goods for online arbitrage. Also, we have defined the pros and cons to help you.
Read More: How to Ungate Amazon Restricted Products?
1. Looking for the Best Deals On Different Website Manually
It’s not something that I suggest to you! But if you are just getting started your business, it might meet your demands. If your budget is limited and you prefer to trade your time for your money, this method is good.
Read More: 10 Tips for Getting Started Online Arbitrage
You don’t need to pay anyone or any service. You need to sit and check dozens of websites like Walmart, Target, Best Buy to find clearances, promotions, and best deals.
Your ultimate goal is finding the lowest price, selling at the highest price, and making a profit. Websites like Rakuten.com is a good place to start your hunt. This website searches the web for big sales to see what companies are offering coupons or deals. Once you find such a website, look for on sale promotional items and find them on Amazon too. But don’t make a mistake! A lower price doesn’t mean that that is a right item and you should pick it up. For example, you need to consider sale volume too.
Also, you can sign up on different websites and get their promotional emails.
But you should only rely on promotions and coupons? No! Try to get good at using a handful of sites. Walmart never runs sales, but it generally has very lower prices.
Becoming an expert in manual sourcing will help you determine the right places on the deep web to run your scraper software and find the best results. We talk about automated software in the next part.
So as a conclusion:
- You don’t need to pay anyone or any service.
- You will get familiar with different sourcing websites very well.
- It’s very time-consuming.
- It is very slow
2. Using Automated Software And Online Tools
It’s clear that doing everything manually consumes enormous time and isn’t a time-efficient method.
Instead of searching the websites one by one for good deals, you can use the scraper software to find the best prices for you.
These tools, like Tactical Arbitrage, crawl through different websites, find the best deals, and match the items with a similar product on Amazon. It’s enough to give them the required information and get what you want.
They are accurate. But they are not without errors. Sometimes they are matched incorrectly or missed completely. So, you need to re-analyze them. Check the names, pictures, and selling data that is important for you.
You have to pay for such kinds of tools and software, but you can have better results in a shorter time. These tools are set on what you want. For example, you tell what sourcing websites you need to be checked. If you don’t want to deal with these details and only care about good deals, the next method works better.
So as a conclusion:
- It’s faster than the manual method.
- These tools can analyze different information like ROI or sale volume. So, you can make a better decision.
- Because you have to check any item for possible errors, it is time-consuming again.
- You have to pay to buy software or services.
3. Online Arbitrage Sourcing Leads Service
Many websites are selling sourcing lists for FBA. They usually work from Monday to Friday, and every day you can find a list of 5-10 leads in your email inbox.
You don’t need to handle search tools, know all the sourcing websites, and spend so many hours finding the best deals, but you focus on your business and improving it instead. This method works for both beginners – who don’t know a lot about finding the best items – and growing arbitragers – who want to focus on improving themselves instead of spending time to find leads.
The most important step here is finding a credible service. Ask them about the information they give you for each lead and assure that you will know whatever you need about an item.
OABeans sourcing lists can provide enough information. We use search engines and the human mind simultaneously to offer the most precise results.
After receiving your daily leads, you need to re-analyze them and buy them.
The last step is for the developed businesses that need their teams.
So as a conclusion:
- You don’t need to spend your time finding items or check them. Every day you receive a list.
- You don’t need to handle search tools.
- If you are a beginner and don’t know about different sourcing websites or good items, you can trust this method.
- You can be sure that you have a certain number of items that you can work with every day.
- You should pay for such services.
- If you don’t choose a good sourcing list service, maybe it cannot meet your demands.
4. Hiring a Team
If you are a professional seller or you want to scale your business, maybe it’s time to hire a team or train virtual assistants. Sometimes only 5-10 leads can not meet your demands, and you need more. On the other hand, buying several lists is not efficient and finding many leads individually is not possible.
After getting experienced enough to find good deals, you can train someone to help you find items so you can focus on the more important stuff. Even you can gather a team and assign them to find leads.
It’s not easy. First of all, you have to pay more money than before. Then you should spend time on training and managing. If you use virtual assistants, they can’t be available always. Besides all the cons, you have your team and can find your desired items based on your requirements.
- You have full control over the items that your team is finding.
- If your business has grown enough, your team can find many items. So you can meet your orders.
- You should pay a lot to hire assistances, buy online tools, and for other fees.
- Training assistance is time-consuming.
- Team coordination and managing are very important items that you should consider.
|Best Deals on Different Websites||. You don’t need to pay anyone or any service.|
. You will get familiar with different sourcing websites very well.
|. It’s very time-consuming.|
. It is very slow
|Using Online Tools||. It’s faster than the manual method.|
. These tools can analyze different information like ROI or sale volume. So, you can make a better decision.
|. Because you have to check any item for possible errors, it is time-consuming again.|
. You have to pay to buy software or services.
|Online arbitrage sourcing leads||. You don’t need to spend your time finding items or check them. Every day you receive a list.|
. You don’t need to handle search tools.
. If you are a beginner and don’t know about different sourcing websites or good items, you can trust this method.
. You can assure that every day you have a certain number of items that you can work with them.
|. You should pay for such services.|
. If you don’t choose a good sourcing list service, maybe it cannot meet your demands.
|Hiring a team||. You have full control over the items that your team is finding.|
. If your business has grown enough, your team can find many items. So, you can meet your orders.
|. You should pay a lot to hire assistances, buy online tools, and for other fees.|
. Training assistance is time-consuming.
. Team coordination and managing are very important items that you should consider.
Consider all the cons and pros we explained above. After evaluating your condition, choose one of them. You can mix the methods to maximize the result and be an unstoppable seller. No matter which methods you use, it’s important to re-analyze the data to choose the best items.