How to Choose Products for Online Arbitrage
In the podcast "How to choose products for online arbitrage," by Ecomcy with Vincenzo Toscano, and an Amazon expert, Oleg Kuzmenkov from Seller Assistant App breaks down the complexities of product sourcing for Amazon sellers. This insightful guide aims to make the process more accessible, ensuring that sellers ask four crucial questions about a product: does it sell, can you sell it, is it profitable, and what are the additional requirements or restrictions?
Understanding the Basics
In the opening segment of this video, Oleg emphasizes the significance of product sourcing and outlines four fundamental questions every seller should answer when selecting their items: does the item sell well, can it be sold profitably and are there any restrictions or requirements attached to selling? He guides viewers in using Seller Assistant Chrome extension to analyze potential items while setting zip codes within target countries for comprehensive market understanding.
Filters and Considerations
Oleg explores filters and considerations in depth, emphasizing the importance of clear ASIN symbols to accurately do product analysis. He shares insights on identifying private-label products as well as tools like Keepa for checking history or understanding competition through Seller Assistant app - all while emphasizing informed product selection which reduces risks while increasing potential profit.
Best Sellers Rank and Approval
This video examines how Best Sellers Rank (BSR) can help to assess product suitability on Amazon, as well as navigating Seller Central efficiently to fulfill approval requirements and effectively use extensions, which could prevent legal issues and inventory losses. Oleg offers suggestions such as researching BSR charts, installing extensions for direct sales information, and understanding approval requirements to prevent legal issues and inventory losses.
Product Selection and Profitability
Oleg emphasizes the significance of historical data when selecting products, as well as warning against selecting brand-new items. He explores price fluctuations and their complications, warns against price wars, emphasizes adhering to Amazon's rules regarding variations. Analyzing historical price changes provides a strategic approach to online arbitrage.
Risk Factors and Intellectual Property
Oleg emphasizes the significance of product reviews, avoiding large or dangerous products, as well as being wary about intellectual property complaints when purchasing items online. He recommends conducting thorough analysis prior to making purchases and suggests using Seller Assistant App IP alert to monitor any suspicious activities in real time.
Checking Information and Authenticity
Oleg discusses the significance of verifying product details and profitability before making a purchase decision. He advises against unreliable extensions, stresses Amazon's Revenue Calculator tool as a key resource and stresses the need to authenticate supplier websites to prevent potential scams.
Oleg provides tips for identifying trustworthy websites to ensure a positive online arbitrage experience, including avoiding newly established sites, consulting review platforms such as Trustpilot and verifying social media links with SCAM advisor ThreatScore for authenticity.
As the video wraps up, Oleg extends a generous invitation for viewers to experience the power of Seller Assistant App firsthand and offers an attractive discount of $20 when signing up through his referral link - adding even greater appeal for sellers looking to maximize their online arbitrage game.
Oleg also highlights another helpful resource - a downloadable product analysis checklist on a presentation slide - as a means for sellers to evaluate potential products thoroughly before making crucial decisions. His commitment to user support and continuous improvement of Seller Assistant App was underscored, demonstrating Oleg's dedication in offering sellers an effective tool that evolves alongside their online arbitrage endeavors.