Читать книгу Online Income Generation Evolution - Raymond Wayne - Страница 15

There are so many stores where you can try to get your retail arbitrage business going. The exact stores will differ depending on the area you live in. For example, Meijer has some incredible deals but is not available everywhere. Target is available in more locations. Walmart is available just about everywhere. If you're reading this outside the U.S., you'll have to figure out which stores are most viable near you.

Big box stores often run big discounts. They have to clear out old merchandise to make room for the new. Target, Walmart, Kmart, and others are good spots to scout for merchandise. Check out their clearance sections, but certainly don't restrict yourself to those sections.

Then, there are discount stores that act as a clearinghouse for department stores and others. TJ Maxx, Marshalls, Ross, Tuesday Morning, and Big Lots are examples of these. You can often find incredible deals on brand name items that will be perfect for you to buy low and sell high on Amazon.

Local Mom and Pop shops are great to shop as well. They often carry hard to find items and decide on their own when they'll offer discounts, unlike other stores that have to follow a particular schedule. Sadly, you can often get your best deals when stores like this are going out of business.

Drugstores like Walgreens, Rite Aid, and CVS often have excellent deals. You can shop their clearance aisles or use coupons to find excellent deals that will be profitable for you.

And your local grocery stores often have clearance sales on items, but it’s a perishable item, make sure that it will still be good for a decent period of time after you pick it up.

And of course your local thrift stores like Good Will and Salvation Army are good places to shop, plus flea markets, garage sales, estate sales, etc.

There are certain apps you can download that will alert you of specific sales in your area, and some stores have their own app. Coupon Sherpa and Shop Nearby are two apps that are worthy of a download for deals. You can also subscribe to the email lists of your favorite stores so you hear about sales first.

Remember—you can't just enter into these stores and expect to buy everything you see. You have to very carefully figure out which, if any, of the items you're interested in will be profitable for you on Amazon. Whether you use Amazon's price comparison app (free), ScanPower's app (subscription, but the best), Profit Bandit (inexpensive), or something else, you need to make sure the item sells regularly on Amazon and that you can sell it for at least 3X profit.

Don't get discouraged if you don't come away with a cart full right away. You're sure to develop an eye over time of which items will be profitable. As with anything in business, you make your money when you buy the item, not when you sell the item. You can't force something to be profitable, you have to do your due diligence up front to make sure it's going to be.