I recently started doing Online Arbitrage for Amazon USA.
Could someone share their experience on how many leads and how quickly can you find or used to find at the beginning of your journey? I’ve just been searching all day long for several weeks and have found only 3 leads with an ROI of about 30% and that’s it. And those I ordered a few so that the order would not be canceled because it was the first order.
Is it because I haven’t learned to search properly and am I doing something wrong or is it like this for everyone?
I just really don’t understand what to do. So much time for 3 products that Amazon has been processing for more than a month and I haven’t even sold them yet, and they have already dropped in price.
Is it really what OA is or am I doing something wrong?
To enhance your hunting strategy, analyze products using Keepa and Seller Amp. For effective sourcing, begin by opening a VPN before conducting Google searches. Acquire essential knowledge about coupons, a crucial aspect in online arbitrage. Without a grasp of coupons, identifying profitable OA products becomes challenging. As a newcomer, achieving 1 or 2 leads per day is commendable. Over time, consistent effort will yield more favorable results.
Thank you very much! I am already using all the tools and strategies you described and it does not work as good as I expected, that is why I wondered if do something wrong or it is just such a period everyone goes through and I just need to overcome it
I have a strategy that could help you out. It is called the “Ninja Sourcing Method”. Here’s how it works:
First, you need to check the 365-day view on a product that had a significant price increase last year. Then, you filter to the most expensive sale price.
After that, you can check who sold the product at the highest prices by storefront stalking. This could help you get a better idea of the competition and their pricing strategy.
When sourcing, I avoid products with too much competition, potential IP issues, and bad variations.
Starting with three leads and a 30% ROI is a reasonable start in online arbitrage. Learning to refine your search criteria and strategies can help improve results. Consider seeking advice from experienced OA sellers and keep refining your approach. Is there anything specific you’d like to ask for more help with?