How to Source Items for Retail Arbitrage
What is Retail Arbitrage? What is Reseller Arbitrage?
Retail arbitrage is a business strategy in which an individual buys products at a low price and then sells them at a higher price online or in another retail store. The goal is to make a profit by taking advantage of price differences between different retail outlets. Retail arbitrage can be done with physical products, such as books, toys, or clothing, or with digital products, such as software or e-books. This strategy requires a good understanding of market trends and prices, as well as access to multiple retail outlets and an efficient way to sell the products. It can also be time-consuming and requires the ability to quickly move inventory before prices change.
Online reseller arbitrage is a type of retail arbitrage that involves buying products from online retail stores and reselling them for a profit on another online platform, such as Poshmark, eBay, Mercari, or even a personal website. The goal of online reseller arbitrage is to take advantage of price differences between different online retailers and to make a profit by buying low and selling high. This can involve purchasing products that are in high demand and selling them for a premium, or buying clearance or overstock items from one retailer and selling them for a profit on another platform. To be successful in online reseller arbitrage, individuals need to have a good understanding of market trends and prices, access to multiple online retailers, and the ability to move inventory.
If you’d like to learn how to source items for Retail Arbitrage, or more specifically, Reseller Arbitrage, please check out the articles below (next to the arrows saying “Previous” and “Next”) or by going directly to the “Sourcing” category of the Genius Portal.