Ever since the pandemic has changed the way we live and work, small business owners have been looking for innovative solutions to stay profitable. Many Amazon sellers have always sourced their inventory using retail arbitrage in brick and mortar stores. If you’ve never sourced online or want to know more about it, you’re in the right place!
Like traditional retail arbitrage, sourcing online has its pros and cons. And there is no shortage of options when it comes to online sourcing.
If you’re considering online arbitrage for the first time, be sure to weigh the pros and cons to determine if it’s the right choice for you and your business. Before you decide if it’s right for you, here’s an article from Inventory Lab about what you need to consider.
Among the pros the article cites is personal safety.
“There are many advantages to sourcing online, especially in the time of COVID. The obvious one is the fact that by sourcing from home you’re automatically socially distancing yourself, and there’s no need for a mask or other safety precautions.”
And among the cons, especially with COVID-19, are shipping delays.
“In the good old days (before COVID), shipping times were usually pretty reliable. You could place orders almost anywhere with full confidence that you would receive the package when you actually expected it. However, with many people falling sick, losing their jobs, and interruptions in the chain of supply everywhere, shipping delays have become the norm rather than the exception. Take this into account when you place any orders for inventory and try to give yourself plenty of lead time to stock up.”
Check out the article for all the pros and cons of online arbitrage. And when you’re ready to start, be sure to start with Inventory Lab — I use it for my Amazon business — click this link for a free 30-day trial.
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