Online arbitrage is great, but it can be a drain on your time.
If you are like most Amazon sellers, then you’re tired of always having to spend your free time hunting for deals on online arbitrage leads.
This article is an in-depth DIY beginner guide that will provide you with the most comprehensive guide on how to create your own online arbitrage sourcing list.
This is something I wish I would have had when I started selling on Amazon FBA. I hope it helps you out for your Amazon FBA business.
This guide is designed to give you all the information you need to help you become more profitable so you can make more money while working less.
Are you ready to start building your online arbitrage leads list? Let’s go!
Online Arbitrage Sourcing Process Explained
The key with any online arbitrage business is all about sourcing products online and then selling them on another marketplace with the sole aim of profiting from the price mismatch between the two places.
For Amazon sellers, for example, this means identifying products that are being sold for a lower price at an online marketplace or store than what they’re currently going for on Amazon.
The process involves searching through various websites to find products with the most profit potential. To do this effectively, you need a solid sourcing strategy that will allow you to find and purchase products with the best deals.
Doing this manually can take a lot of time.
Since prices on Amazon and other online marketplaces are consistently competitive, online arbitrage sourcing is not an easy task. But, with the right strategies and tools, you will be able to stay on top of things so you are ready to act when opportunities do come up.
One of the best ways to speed up the online arbitrage process is to use a lead list. These lists are a list of products that have a history of price differences.
It’s essentially a cheat sheet of products to narrow down your search for your online arbitrage business model.
You can either obtain a list from an online arbitrage lead list service or, if you want to do it yourself, you can create your own lead list.
Each route comes with its own set of benefits and drawbacks.
For instance, securing a list from lead list services has the advantage of receiving a ready-made list of online arbitrage leads put together by experienced product sourcers.
You save much time every day spent putting it together.
However, you have to pay for these leads, and there tends to be a bit of competition on any of the opportunities that come up as the same list is also provided to other people at the same time.
This usually means less profit per item in the future as competition increases.
Also, sometimes there are issues where the product information and the product data just don’t match because the marketplace changes so rapidly.
If you choose to build your own online arbitrage list, you have to do the work yourself. You get to save money, and you also have the added advantage of being able to better understand how the entire process works, and which lists are good.
This is particularly helpful if you are just starting out in retail or online arbitrage.
There are certain tools that you can use to make your job of building an online arbitrage list easier, such as Tactical Arbitrage.
The software is designed to help Amazon sellers find the best arbitrage deals online, go through sourcing lists, and a whole lot more.
It makes the entire process of online arbitrage as quick and easy as possible by scraping multiple online stores, such as Walmart, Best Buy, Target, etc., and comparing the prices based on specific criteria (which you can customize depending on what you want to search for).
Why Do You Need Online Arbitrage Software For Sourcing Lists?
Online arbitrage software is a tool, and like most other tools, its purpose is to help to extend your abilities as an individual so you can sell better and sell more.
There are many reasons why you would benefit from the use of online arbitrage software like Tactical Arbitrage when it comes to sourcing Amazon FBA leads.
For one, the majority of lucrative product opportunities tend to happen during relatively narrow windows. When they do happen, you are not going to be the only person who wants to take advantage of them.
This means you need to identify these opportunities as quickly as possible so you can source more, put those products into your selling pipeline, and get some momentum going toward maximizing your profitability.
By using online sourcing software, you can automate the searching process and be the first one to jump on an arbitrage opportunity.
If you had to do the entire process manually, it might take you a few hours of your time. In those few hours, an item might go out of stock and you might miss out on a deal of the century.
Not only that, but online arbitrage software will also help you find the best arbitrage opportunities by giving you a clear understanding of the costs, and targeted projection of sales so you’re sure there’s money to be made before making an investment.
Online arbitrage software will help you with every aspect of this process so you can save time finding lucrative deals to propel your business to success.
The bottom line is that sourcing leads full time is better with a tool like Tactical Arbitrage because you will achieve maximum results in the shortest amount of time.
The software is also designed with an algorithm that does the calculation part, which makes things even easier for you to find leads.
In short, the software provides you with a tactical edge over the competition.
How Build A Sourcing List Using Tactical Arbitrage
If you aren’t buying a list, you are going to need to build your own. There is a manual way of doing this, but that takes a long time.
Instead of wasting your time with those steps, I’m going to show you the easy way to make it happen.
That’s where Tactical Arbitrage comes in.
You can use Tactical Arbitrage to do the initial searching to build your list and then you can rerun that list through Tactical Arbitrage on a regular basis to catch deals when they happen.
To find product leads using Tactical Arbitrage, first, you have to set the parameters for your search.
For instance, when I run a search, I’m looking for at least a 35% ROI, and I include $0.50 per pound for shipping to Amazon. I also do my best to stay under 4% of the rank in any given category.
That’s just an example of the parameters that you can use when you begin your search for product leads using Tactical Arbitrage. You can narrow it down by sales rank, dollar profit per item, 90 day average sales rank & ROI.
Keep in mind that if you don’t look at the data immediately, then you have to update all of the Amazon pricing data so you can get a more up-to-date picture of what the actual ROI, rank, and profit is.
Remember, prices on Amazon are quite competitive, and things change daily which is why it’s important for you to stay on top of things and ensure that you are always looking at current data to spot deals.
Tactical arbitrage also has a new feature called Always be Scanning which promises to help you find special online arbitrage deals just for you.
This means that no one else will see the same deals that you are seeing in your account, allowing you to profit massively from hand-picked opportunities.
There isn’t much to using this feature except to just leave it on so it can randomly reverse-search the Amazon catalog for any potential online arbitrage deals. If you don’t want the extra deals, you can toggle it off.
Important Note: Keep in mind that online arbitrage leads are not guaranteed products, guaranteed leads, or guaranteed profits.
However, the leads you get from Tactical Arbitrage will certainly point you in the right direction where, for the most part, you will find some of the best opportunities available to Amazon resellers.
Additional Tips to Use Tactical Arbitrage
- Increase Number of Searches to Maximum Level: In order to get the most out of your Tactical Arbitrage software, you need to keep searching for products every hour of the day, and every day of the week.
- Get Access to Restricted Categories: If you can get access to sell in the broader field, you will be able to reap better results from your selling efforts as there is limited competition in these areas.
- Deal with Replenishable Items: If you can find a retailer who will supply these items constantly at a good price, then you stand to achieve better profits by selling creams, soaps, and various other replenishable items.
- Copy Successful Sellers: Find the most profitable sellers in your niche, and then emulate the strategies they use to achieve their success.
- Increase the Variety of Products You Sell: A great way to maximize your earnings is to use Tactical Arbitrage to help you pick additional products that you can sell so you can increase your opportunities to make profits.
Benefits of Creating Your Own Leads Using Tactical Arbitrage
As previously mentioned, creating your own leads comes with a set of benefits. But, using Tactical Arbitrage, in particular, presents even more advantages for Amazon resellers.
When using Tactical Arbitrage to conduct your own product research, you can easily scan entire websites and compare the data of any products to the offer currently on Amazon.
All you have to do is to set the filters to match the exact criteria you want, begin the scan, and then let the software do all the heavy lifting. You will then be presented with the perfect products to purchase for your business.
Although there is a bit of a learning curve to this process, Tactical Arbitrage offers a free trial that allows you to learn everything you need to before committing to the software.
This means you will be able to find profitable products without taking on any risk.
And once you realize how effective this tool can be for helping you create your own leads, you likely won’t want to go back.
Using TA is comparable to having an entire team bringing you a never-ending flow of leads for you to sort through and pick what you want.
Here’s a quick summary of the benefits of using Tactical Arbitrage to create your own leads:
- Tactical Arbitrage comes with a free trial so you can test the waters first
- The software reduces the time taken to source or search for products on other websites
- You can integrate your operations with those of various other stores
- Offers a wide range of details on products from more than 1,000 retailer websites
- Easy to use interface, great for beginners and experts alike
- Constant improvement and new features being added to the suite of tools
In addition to all these benefits, TA also comes with stellar training and support. The software has intensively invested in a variety of tools that users can use to maximize the results they get from the platform.
You can learn from tutorial videos or blog articles on the site. And, whenever you need a helping hand, you can reach out to a responsive support team who are always on hand to answer your questions.
This article has explained the following:
- The online arbitrage sourcing process
- The idea behind sourcing lists
- Why you need online arbitrage software
- How to use Tactical Arbitrage to build online sourcing lists
- The benefits of creating your own leads using Tactical Arbitrage
The bottom line is that your success in online arbitrage (or lack thereof) will depend a lot on your product sourcing list.
That’s why it’s crucial for you to make sure you have the best tools to help you create a profitable list of products for you to resell on Amazon.
Tactical Arbitrage will help you save time and maximize your earnings.
Now you understand the process of creating your own online arbitrage sourcing list. Get started scanning products to find deals you can take advantage of right now.
Does Amazon Allow Online Arbitrage?
Online arbitrage is completely legal, and most online marketplaces allow and even encourage the sale of products acquired at other online marketplaces for a lower price.
How Do You Get Products for Online Arbitrage?
Sourcing products for online arbitrage is easy, particularly when you have the right tools. Using software like Tactical Arbitrage will allow you to scan many online stores and compare prices to find the best and most profitable products to sell.
How Much Can You Make with Online Arbitrage?
The amount of money you stand to earn with online arbitrage varies widely, depending on a variety of factors such as the type of products you sell and how much you source them for. However, some beginner sellers on Amazon make up to $300 a day.
How Do You Start Online Arbitrage?
Register for a seller account on Amazon. Next, use your online arbitrage tools to find profitable products to sell, and then list them for sale on Amazon.
Are They Any Tactical Arbitrage Tutorials?
There are a lot of articles and videos online on how to use Tactical Arbitrage. Here is a good training that will get you ready to go. You can also check out this Tactical Arbitrage FAQ article, and browse through these Tactical Arbitrage blog posts to discover more.