Getting started with online arbitrage (OA) can feel overwhelming. From not knowing where to look for inventory to feeling like you don’t have enough time, it may seem like there are many roadblocks in your path. This does not have to be the case if you break your online arbitrage into easy-to-manage steps when you’re first starting out.
In this episode, Rebecca is in the hot seat, and Stephen picks her brain to learn the best beginner strategies for OA success. Rebecca does almost 100% percent of the online arbitrage in the business, so she is well-positioned to provide expertise. Rebecca shares more about her OA journey and how she put theory into practice. For Rebecca, OA has suited her perfectly because she often found herself drained from conventional retail arbitrage. From there, she also discusses the importance of consistency and digging deeper than just the big-name online stores. Along with this, Rebecca shares some lessons she has learned and how you can avoid her mistakes. If you’re interested in dipping your toes into the OA waters, this show is definitely for you.
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Key points from episode 31:
Find out what online arbitrage is and what first drew Rebecca to it.- Learn more about how Rebecca structured her online arbitrage learning process to help bring faster results.
- The biggest lessons Rebecca learned in her first six months of OA.
- The mental roadblocks Rebecca faced when she started with OA and how she overcame them.
- The basics of what one needs to get started with OA and how long to stick with it in order to see results.
- How to set goals that will help you stick with OA and find success.
- What Rebecca wishes she had known at the beginning of her OA journey.
- Find out some of Rebecca’s favorite parts of working in OA.
- And more!
Links and resources mentioned in this episode:
Top 9 Benefits of Online Arbitrage- Tactical Arbitrage
- OAXray
- The Reseller’s Guide to Online Arbitrage video course and ebook
- Use the code ONLINE25 and we’ll take $25 off the cost of the OA course (limited-time coupon code)
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FINALLY MASTER ONLINE ARBITRAGE
If you want to add or improve your existing online arbitrage (OA) sourcing skills, then check out our course: The Reseller’s Guide to Online Arbitrage: Grow Your Amazon FBA Business With Online Sourcing Profits.
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As a Podcast Perk use the code ONLINE25 and we’ll take $25 off the cost of the OA course (limited-time coupon code).
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Episode 31 Transcript:
[INTRODUCTION]
[0:00:01.8] ANNOUNCER: Welcome to The Full-Time FBA Show. In each episode, it’s our goal to help you turn part time hours into a full-time income, selling almost anything on Amazon. Now, your hosts of the show, Stephen and Rebecca Smotherman.
[INTERVIEW]
[00:00:21] STEPHEN: Welcome to episode number 31 of the Full-time FBA Show, and I am really looking forward to this episode because I get to interview my wife, Rebecca, and she has to answer everything that I ask her. How are you doing, Rebecca?
[00:00:33] REBECCA: I’m doing fine but I will probably – I don’t know. There’s going to some limits to what you ask me.
[00:00:41] STEPHEN: That sounds good. But a lot of people know this but some people don’t. Rebecca in our Amazon business focuses on pretty much 100% on online arbitrage when it comes to sourcing. I do some resale arbitrage. I do wholesale sourcing. Every once in a while, I dip my toes into online arbitrage. But we’re going to talk with Rebecca and pick her brain about online arbitrage, some beginner strategies on how you can get started and get going successfully with online arbitrage.
So, thanks for joining me today, Rebecca.
[00:01:08] REBECCA: You’re welcome.
[00:01:10] STEPHEN: We’re going to talk about online arbitrage. In this episode and in the next episode, we’re going to do some more advanced online arbitrage. Rebecca has been so kind as to come back again for another episode, so we’re looking forward to that.
But let’s get going on today’s episode, talking about beginner strategies with online arbitrage with my guest, Rebecca Smotherman.
On today’s show, we’re going to be talking about online arbitrage, also known as OA. For those of you that don’t know, online arbitrage is the practice of going online to a retail store that’s online, buying from them, and selling it on Amazon for a profit. I’m just going to get right into the questions, Rebecca. Here we go with the first question. Rebecca, what first drew you to the idea of getting into online arbitrage?
[00:01:59] REBECCA: Well, I think I’ve said this on the podcast before or in blogs that we’ve done, but I don’t prefer to drive around all day every day as part of my work. I really prefer to be at home. I prefer to just be on the computer. I prefer to just stick close to home for a lot of reasons. When online arbitrage first became popular several years ago, I mean, believe it or not, there was a time when nobody was really doing online arbitrage. Everybody who is doing FBA was focusing on garage selling or thrifting or retail arbitrage and the like.
So, at that time, I was doing those things too and I was spending a lot of time driving around. I first became very intrigued about the idea because I just wanted to stay home. I just wanted to be able to commute from the kitchen to the office, and that’d be it for the day. And I didn’t want to have to drive around the stores or the garage sales or whatever. That was the main clincher for me to think, “Okay, let’s look and see. Is there any potential in this? Is there actually inventory to find online?”
[00:03:05] STEPHEN: Yeah, I remember those days because I was doing retail arbitrage and I would like have to drag you along with me sometimes. I remember sometimes like we’d start in the morning and around lunch time you were done. You were like, “I’m not going to – I can’t go any further.”
[00:03:18] REBECCA: Yeah. I would bring my Kindle and say after a certain point, “Okay, I’ll just be in the car and you keep going and then you can look as long as you want. I will be here in the car waiting for you and I would be very happy to just sit and read or get some work done on my iPad or whatever.” But, yeah, I have definite limits when it comes to sourcing away from the house.
[00:03:39] STEPHEN: When you decided to get going with online arbitrage, how did you set up your learning process?
[00:03:46] REBECCA: Okay, what do you mean by learning process?
[00:03:48] STEPHEN: How did you decide, “Okay, I’m not just going to go online and search for stuff. I want to learn as much as I can to make sure that I’m doing things the right way, that I’m learning from others’ mistakes and making sure that I set up exactly how to be successful from the beginning.”?
[00:04:05] REBECCA: There was a book that came out, and I can’t remember when exactly. I want to say 2015 was when I first read this book, and it was pretty thorough covering the concepts of online arbitrage. I read through that and I was pretty methodical about studying it, approaching it like a college course basically, and taking notes from it and jotting down ideas, and as I went along trying out the different methods that were discussed and the different tools that were brought up.
Then for me, it was just a process of, “How do I take something that somebody else, other people are talking about and doing and then fit it into my own daily schedule?” I don’t know. I’m pretty methodical when it comes to implementing information from a book or a course like that that I do approach it like a college class or something that I need to be very diligent about, okay, I’m learning the theory but then I’m also putting it into practice. Is that the type of answer that you’re wanting there?
[00:05:03] STEPHEN: Yeah, absolutely. Yeah. So, you got this book and you’re reading about it and you were trying to do what you can to put it into action. I bet when you first started, you kind of had some early on expectations because of the book that you’re reading. But then also maybe you had some other expectations that you came up with yourself. What were some of those early expectations when you were deciding to tackle online arbitrage?
[00:05:27] REBECCA: When it comes to my early expectations, I wasn’t completely sure what to expect. But in my mind, I set myself up that it was going to be somewhat boring, because even though I don’t like going out and doing retail arbitrage or garage selling as much as staying home, there at least is a little element of surprise that you never know what you’re going to find when you walk into a store. You never know who you’re going to meet. You never know what kind of conversations are going to come up along the way. And so, it’s interesting and intriguing to do retail arbitrage or thrifting in that respect.
But in my mind, when I first thought about online arbitrage and I wasn’t completely sure what I was involved, I thought it sounded extremely boring as far as it’s just going to be a lot of clicking and a lot of analyzing this page and that page, and searching for this, and moving around information on a spreadsheet and things like that.
And so, I kind of set myself up for, “I might not actually enjoy this. I have this expectation that it has the potential to be really great for being able to do work from home and not have to leave the house for work but also am I really going to like it? Is it really going to be something that I click with?” Pun intended. But it really works for me or am I mentally just not going to be able to deal with? Am I just going to think that it’s too life-dreaming and boring and I am not going to enjoy it enough to make it worth the while, because there does have to be a combination.
When you’re – There’s a certain element of, “I’m doing business and I’m trying to make money, not just for fun but because we need to pay our bills,” and that’s what you do in life is you find a way to make money so that you can live. But also, I think that there’s something to be said for doing work that doesn’t completely suck the life out of you but that you enjoy it at least on a certain level, even if it’s – Some people really enjoy mundane tasks because they can think about other things while they’re doing it or whatever.
And so, I wanted to not get into a new type of sourcing that was life-draining in a different type of way and that it was draining me to drive around the stores. But would staying home and doing OA be life-draining in a different way?
[00:07:48] STEPHEN: Were those expectations met? I mean, is online arbitrage boring?
[00:07:52] REBECCA: Well, I mean, there are certain aspects to it of you just got to put your head down and do the work. For any type of work that’s truly work, that’s one facet of it. I mean, I guess it just depends on your personality. But for me, it ended up – There’s ways to streamline it so that I am able to filter things and not have to manually or visually myself match things up, but I can use tools to take some of that work out of it. That’s not only time-saving. It’s also just brain energy saving.
I would say that, again, personality-wise, some people might consider it boring to sit in front of a computer and look for these types of things. But there is also that same level of treasure hunting that’s involved where you get that little thrill when you’re like, “Oh, I found a match,” and, “Oh, not only is it a match with the Amazon catalog but it also is a really good profit.” You get that little dopamine hit from that in the same way.
Now, it’s different personality-wise as far as I’m not talking to the cashier or another customer or whoever while I’m out doing that. But I’m okay with that. I’m an introvert, and so I don’t need that type of interaction on a regular basis anyway.
[00:09:01] STEPHEN: Yup. You mentioned ago some shortcuts that really helped you. I know we’re going to get into in next week’s episode a little bit more about some of those things that helped save you a lot of time and shortcut the time that you spent to be able to find these really good finds.
But when you are looking back at like your first six months of doing online arbitrage, what were some of the lessons that you learned? What were some of the results that you were able to get just from like the first six months?
[00:09:27] REBECCA: For me, I think the biggest lessons that I learned were that it does require a commitment every day. Just like with anything in life, you’re not going to get better at doing it if you don’t practice. So, I would make sure that I was spending a certain amount of time every day working on online arbitrage, and it doesn’t necessarily have to be hours at a time. Even if you say, “I’m going to work on this for 30 minutes,” if you do that every day for a week, five days in a row being a workweek, then you’ve got a solid two and a half hours of work that you’ve done there throughout the week.
A little really does go a long way when it comes to learning and experimenting and really putting into practice the things that you’ve absorbed from whatever material that you’re learning from. For me, it was the online arbitrage book. I think my biggest lessons in those first six months were, first of all, to stick with it every day, be dedicated and diligent and disciplined to spending that time every day looking for deals.
Also, for me, when I first got started, I was using a deal list we would get every day. It’s not even around anymore, so I won’t mention the name. But I got – I can’t remember now if it was 10 or 20, somewhere in that range. 10, 15, 20 deals every day that I would pull up and look at, and it was all at multiple stores. And so, I would go through and look at each item one by one that was on the list and I really had to learn the hard way that a deal list is not a buy list.
I would say that that was a really important lesson that I’ve had to build on for the past several years is that no matter – Whether you’re using a scanning program, and we’ll talk some more about those like Tactical Arbitrage or OAXRay, or whether you’re manually going through and searching and comparing a retail website with Amazon, or if you’re using a deal list like that, or if you have a VA who sends you deals, no matter what type of method you’re using to get those leads, they’re leads. They’re not items that you just automatically go out and buy. That was a hard lesson to learn, because I did go through in those early weeks and think, “Oh, here’s 10 leads. I should buy all of them,” because the criteria matches. The filters are set up so that the criteria falls within a good range according to whoever set this deal list up. But that doesn’t mean it fits with my business model. It doesn’t mean that it fits with the amount of sourcing capital we had at the time and other factors that go into it.
Those are I think the two biggest lessons I learned that you really have to think about how you’re using your leads that you find through online arbitrage to fine-tune what the good buy is and also that it takes time every day. Or if it’s not every day, at least a certain time every week to consistently get some practice in.
[00:12:32] STEPHEN: Yeah. Those are good and it’s good for our listeners to hear these lessons that you have learned so that they can be sure not to make those same mistakes. So, when you’re going through your first six months of doing online arbitrage, did you have any like limiting beliefs that kind of stops you or were a roadblock that you had to overcome that were standing in your way from being able to be successful with online arbitrage? What were some of the things going on in your mind that were trying to stop you from being successful?
[00:13:03] REBECCA: Well, one thing that comes to mind is the question of why would anybody not just buy? How are there even things to find online that you could resell on Amazon? Because the difference between online arbitrage and retail arbitrage comes down to location in a lot of respects in that’s it’s understandable that there’s going to be items to buys in my physical location, my geographic location that aren’t going to be available necessarily everywhere else in the country. So, I can drive around and find these items and them put them for sale on Amazon and match up the items in this location with buyers in another location who want them.
But if items are available on online stories, doesn’t it stand a reason that people would just buy directly from those online stores instead of buying from Amazon? How is it even possible to make any money from this? How is it possible that there could be an item available at a low enough price on X website that I could buy and resell and actually have customers be willing to pay enough more money for it that I can make a profit off of it on Amazon?
I think that is kind of what held me up for a while in thinking about like this could really work. I thought, “Surely there are some things out there that you could dig up.”
But it really astounded me the further we got into doing online arbitrage that it’s not just that there’s a few things out there. There are tons of inventory items that are available on hundreds of websites that you can buy low enough. The whole concept of arbitrage is buy low, sell high, and you can buy those items at a low enough price on other websites and list them on Amazon, and people will pay for it. I think that might have been the biggest one at first.
Of course, the answer to that is similar to the same type of reasoning that goes to retail arbitrage. Why would somebody pay more for this when they could just drive to Walmart and get it for a lower price? Why would somebody buy this on Amazon if they could just buy it off of X website? Even walmart.com or – That one’s not as easy to find items to flip, but you can find items on walmart.com to flip on the Amazon.
The answer is that Amazon is just well-known as a place where people – They just expect to be able to go to Amazon and get the lowest price because there are such low prices on some items on Amazon. The expectation is, “Oh, Amazon always has the lowest price.”
There’s also the whole prime membership concept is a way for Amazon to get loyal customers who just really want to be able to get their items within two days, and so they’re willing to not even put in the research to find it on another website but just go straight to Amazon and see. Is it available there? If I can get it in two days, I don’t even want to know if it’s available cheaper somewhere else. I just want to get it and get it here in two days and pretend like there’s no other option that I have to even think about. Because, I mean, honestly, sometimes we’ve got decision fatigue and we don’t want to do that research.
[00:16:19] STEPHEN: Yeah. I think it was around 2017 or 2018 when Amazon became the number one shopping destination for shopping searches. I mean, when someone wanted to buy something before, 2017 or so, it was people would go to Google and search for the thing that they wanted to buy. But now, people go to Amazon more often than any other website to start their shopping experience and, of course, that’s why more people just buy from Amazon and buy at higher prices because that’s their one-stop. That’s all they want to look at and, yeah, we can make some good money off of that paradigm.
If someone’s listening to our interview and they’re thinking, “Okay, I want to try online arbitrage,” what are the things that someone needs to get started with online arbitrage?
[00:17:02] REBECCA: I mean, I don’t know how basic you want to go with what do you need to get started. You need a computer and some Internet. I mean, those are the basics. If you have a laptop and access to the Internet, basically that’s all you need. Of course, there is some programs that you would want to put on your laptop that will help with making those searches easier. But in some respects, really all you need to do OA is a working knowledge of how the concept of FBA works. If you either have a way to learn FBA or you already are doing FBA and you have consistent access to a laptop and Wi-Fi, you can get on the Chrome web browser and look at items on websites and compare those items to the Amazon catalog.
Of course, we can go into a lot more details about what tools and what programs you can use to make that process easier, but it’s pretty basic. If you were saying, “What do I need to do in retail arbitrage,” well, you need a smartphone and the ability to drive around. Same concept with OA, you need your laptop, Wi-Fi, and the attention span to sit there and start looking at stuff.
[00:18:11] STEPHEN: Speaking of attention span, when someone’s trying to start off with online arbitrage, I hear people say, “Oh, I tried it and it didn’t work or whatever,” how long do you think most people need to stick with it in order to “get the hang of it” so that they will be able to have some long-term success with online arbitrage?
[00:18:28] REBECCA: It’s hard to really say because a lot of it depends on how much – I mean, some of it depends on how much sourcing capital you’re starting with because you might not have that much to start with. If you’ve only got a couple hundred dollars, that would not go very far, and so you could be done in like a week and then be ready to wait and see how those profits turn out.
But if you commit to, if you have enough money to say spend 1 to 200 dollars every week for a month and you spend the time that it takes to sit down, however much time it takes you to spend that money, whether it’s you spend it all in one sitting or you sit down for half an hour every day for three days of a week. Say, “I’m going to sit down Monday, Wednesday, Friday at 1:00 PM. At the tail end of my lunch break, I’m going to take 30 minutes to focus on finding some OA deals.” I would say that if you don’t give it any more than a month of doing that consistently, you really haven’t given it enough time to know if you’re going to get the hang of it or if it’s worthwhile.
Obviously, the more time you can dedicate to it, the better because you’ll get a better idea. But at the very least, I would give it a month of finding inventory, sending that inventory in, allowing it to have enough time to get checked in at the warehouse and go live. Then depending on the category – I mean, some categories are you’re going to hope that that inventory is going to sell almost as soon as it hits the warehouse. Other categories might be a little bit more long tail, and so you’re going to need to give it a little more time to gain some traction and sell. But within a month or so, you should be able to know if the time that you’re investing and the tools that you’re using are really working out to actually get you some sales. Would you agree with that?
[00:20:23] STEPHEN: Yeah, I would. I hear you saying like consistency is the key. That’s the thing that’s going to help you. You’re setting up a time, you’re being consistent and you’re sticking with it to be able to find those results. Because if you’re just going a couple times and trying it out yourself and hoping to find some OA leads and you come up short a few times, that’s going to be kind of self-defeating.
So, you don’t want to give up too soon. You want to stick with it. It’s just like retail arbitrage. You might go to a store and not find anything in the first store. You don’t just give up. You keep pressing on and you keep going.
[00:20:56] REBECCA: It’s something also I was seeing about with that too. I remember early on when I was doing this, learning from others who were in a Facebook group I was in at the time that they would set a sourcing goal for the week like a dollar amount and say, “I’ve got –” To me, that was weird. I was like, “Why would you set a sourcing goal? Why wouldn’t you say buy as much as you can that fits your criteria?”
But it’s too tempting to say, “I can’t find anything. I’m just going to quit,” when instead of you say, “I’m going to stick with this until I find $500 worth of really good deals to buy this week.” Then you’re not just buying anything for $500 and saying, “Okay, I bought – I spent $500.” But you’ve set like really tight criteria and you’re going to stick with it until you find enough items that fit your criteria and you’ve spent your $500.
That was a good mindset shift for me as far as how long does it take to – What types of goals to be setting and how long should I stick with this. Well, if it can’t even stick with it until I meet that goal, then I’m giving up too easily. Either that or I have the wrong criteria set. My parameters are too tight and I need to loosen my parameters.
But after a period of time, you should be able to know, “Oh, okay. These parameters really do work. I have to dig around to find stuff, but the stuff is there, and so I’m not going to give up this week.” Not today, but this week, because sometimes you just can’t find something today. But you might find it tomorrow. So, to say, “I’m going to spend X number of dollars this week. I’m going to spend a little bit of time every day,” and it got to where more often than not, I’m met my goal by like Wednesday. Then I could do something else on Thursday and Friday. Or I can decide. I actually have a little bit more money to work with. I’m going to keep going. But if I’m at my goal, I could say, “Okay, I’m done with that. I’m going to find something else to do that will help our business for Thursday and Friday.”
[00:22:58] STEPHEN: Yeah. It’s always fun when you came to me and you’re like, “I’ve already met my goal on Wednesday.” That was always fun to hear.
[00:23:04] REBECCA: Yeah. It’s just a fun way to set up the week and to make sure that I’m meeting the commitment to actually spend enough time on it to get anything out of it for our business.
[00:23:13] STEPHEN: Yup, and creating goals obviously helps anybody with any type of thing that they want to achieve. There are so many people that go out there and try to achieve something, but they don’t have goals. They might have like one big overall goal. I want to learn online arbitrage and do really well. Well, let’s break it down into some smaller goals so that you can shoot for those, and coming up with a sourcing budget to start off with is a really good thing.
When you’re looking back at yourself starting off online arbitrage, is there anything else that you would like want to tell yourself? I know you’ve mentioned a lot of things that you’ve learned and you’ve experimented and you found success with. Is there anything else we haven’t talked about yet that, you know what, I wish I would’ve known this early on in my online arbitrage journey?
[00:23:57] REBECCA: I think early on, I wish now that I had known to branch out more and look at different stores other than the big box stores the same way that in retail arbitrage you tend to hear about the same big store over and over again when you’re talking to other resellers. That happens also with online arbitrage that a lot of people tend to stick with the same big stores and you end up just combing over a lot of low-hanging fruit. I could have said this earlier too of like what’s a lesson that you learned.
In the same way that we learned early on in retail arbitrage, don’t buy everything off the clearance end-cap at Target on January 14th because everybody else in America who resells on Amazon is doing the same thing. Those prices are going to tank. That same principle applies to online arbitrage that there are certain deals that you could find at some of the bigger stores that if you buy it, 15 other people are buying it at the same time or 30 or 50 other people are buying it at the same time, and that price just is not going to stand and you’re going to end up losing money on that deal.
I think I would have told myself early on, there’s hundreds of online stores out there. Dig deeper and find them. Look for niche stores that sell the types of items you’re looking for but that not everybody is buying from. They’re there. Once you find them, you can find gold. You can find replens. You can find clearance buyout items that will make you a lot of money and you’re going to be the only person that’s going to be buying that up from them for the purpose of reselling, and so, your competition is going to be really limited.
[00:25:42] STEPHEN: That’s some really good stuff. That right there is gold for our listeners for sure. The last question I want to talk about today is how does it feel? I mean, knowing that you can do online arbitrage from anywhere in the world, how does that feel to have that type of freedom?
[00:25:57] REBECCA: It’s interesting because, I don’t know, I see a lot of people talking in Facebook groups or even you get the Facebook ads from people trying to sell you on the idea of like, “You can travel the world and do your business anywhere from the comfort of your laptop.” I do some other types of online businesses that have nothing to do with reselling that have more to do with proofreading and editing services, and a lot of those too are geared towards you can proofread anywhere. You can do this job from anywhere in the world. I love that idea but I don’t do that. I mean, I don’t travel the world doing online arbitrage. If you wanted to, you could.
Now, what I do is if we have a week that we’re going to Houston to visit your family and there’s something that the kids are wanting to do with their grandmother for the afternoon and it’s not necessarily something that I want to do or need to do, I can say, “You know what? You all have fun. Go do that. I’ll be right here, waiting for you when you get home, and I can pull out my laptop and work on our business at the time.”
That is a really good feeling knowing that when we have to travel for family or like there’s other times too like when you have a conference you want to go to and I’m like, “That topic doesn’t really interest me.” I’ll go along and travel with you to the conference but I don’t really want to attend the conference. Well, I can pull out my laptop and work in the hotel room and continue working and continue doing business without missing out on work but still get to travel and still get to take care of things as needed.
I really – I love that aspect of it. It’s not like we’re just jaunting around the world, going to all these exotic places, and doing online arbitrage while we’re at it. But it does give us the freedom to do our business the way we want to, to have the flexibility to plan family trips and other things like that so that I can continue sourcing. It’s not that I can – If you’re doing retail arbitrage, you can source and do that type of work as you’re driving along to go to a different place or you can check on your inventory anywhere. But I can source – If we fly somewhere, I can source from our hotel room wherever we are as long as we have solid Internet.
[00:28:09] STEPHEN: Yeah. That proves that we can do online arbitrage from anywhere in the world and still be able to keep our business running, still be successful. We love just having that opportunity and option to be able to do that.
Well, thank you, Rebecca, for joining me in answering these questions about online arbitrage. There’s something else we really want to make sure that everyone else is aware of. We want to make sure that you know that we are now launching a brand-new course, a video course and e-book called The Resellers Guide to Online Arbitrage. Rebecca and I have put our blood, sweat, and tears into this course to get it ready for you so that you can know the steps to learn online arbitrage.
Rebecca, tell us a little bit about the course.
[00:28:52] REBECCA: I’m really glad that we’re finally able to release this. We’ve been working on it for so long. We actually physically started writing the content late last year, fall of 2019. We actually have been taking notes and organizing our thoughts on it for much longer than that, because I’ve been doing online arbitrage for several years and have always wanted to do more teaching on it, but there’s just never been an opportunity for us yet with everything else that we’ve had going on, so we’re so excited that it’s finally available. It’s a four-hour video course. There’s more than four hours of videos that go along with it.
We’ve also got an e-book that has the same content that’s over a hundred pages, including screenshots and color photos. Like so many of our other courses, you can choose how you want to consume the content. The content in the video modules is the same as the content that’s in the e-book. So, if you prefer to read and see things written out step by step in written format, you can do it that way. Or if you prefer to watch videos and see it presented through PowerPoint and screen capture, you can do it that way. Same content either way.
It covers how to get started, learning how to look for matches on retail websites with the Amazon catalog, and it goes from the very basics of what you’re looking for, what makes a good match, how to make a good buying decision to how to receive the inventory, how to prepare it, how to send it off, and so many different troubleshooting issues that come up with doing online arbitrage and how to handle things that come up with doing that type of sourcing that you don’t necessarily have those issues. Issues is not the right word but like those same situations that come up if you’re doing retail arbitrage or garage selling where you are seeing the inventory before you purchase it. So there’s different things that you need to think through and different processes you need to have in place if you’re buying inventory and receiving it before you then send it off. All of that is covered in the course, and we’re really excited to finally be able to present it to you.
If you’re interested in finding out more about that, The Reseller’s Guide to Online Arbitrage, you can visit fulltimefba.com/oacourse, and that will take you to the page that has more information about what all’s included. You can read through the table of contents. Look through bonus modules that are included with that. Some of them are PDFs. Some of them are videos.
And also, if you check out the show notes for this episode of the podcast, you will find a coupon code that will give you a discount on the course. You can find those show notes at fulltimefba.com/31, the number 31 because we’re on episode 31. Again, that will take you to the show notes page and you’ll find the coupon code on that page. If you’re interested in purchasing the OA course, the online arbitrage course, that will be a good discount to get you some money off, and that’s money that you can then spend on inventory that you find online to send to Amazon.
[00:32:00] STEPHEN: Yeah. Just be aware that the coupon code is a limited time opportunity. So, yeah, be sure to check out fulltimefba.com/31 to get that coupon code. Anytime we do have a coupon code in the future for the course, we’ll be sure to update the show notes so that there is a coupon code.
But we want you to be able to finally get a chance to learn how to do online arbitrage yourself. Our course comes with a lifetime ownership program, which means any time we update the course in the , add a new video, add a new bonus, whatever, you get the bonuses and the updates and all that for free for life, and we have a 60-day money-back guarantee, so you have nothing to lose. You can try it out for 60 days, go through the videos, read the e-book, take advantage of the bonuses, and find the success that you’re looking for with online arbitrage.
Next week on the show, we’re going to have Rebecca back on the show and we’re not going to just talk about beginner strategies because that was this topic. Next week, we’re going to talk about some advanced strategies for online arbitrage success. If we’ve kind of tickled your brain on the topic of online arbitrage and you want to go even deeper, well, you’re in luck. We’re going to do that in the next week’s episode of the Full-time FBA Show.
[00:33:13] REBECCA: Before we go, we wanted to thank Bellekate for the great review you left us for the podcast, the five-star review. It says, “I am a new seller and have been listening to many podcasts for the past three months, and this has been my fave so far. as a new seller, it is quite overwhelming and scary, but listening to Stephen and Rebecca’s podcast has motivated me to continue. Thank you for providing lots of very helpful tips. Definitely listening again to catch all the tools discussed in this episode. Stephen and Rebecca make a great combination. I just became a fan.”
We’re so thankful for that review. If you would like to leave us a review and let us know how we’re doing with the podcast, you can visit fulltimefba.com/leaveareview. We would to hear if the Full-time FBA Show is helping you in your FBA business.
[00:33:56] STEPHEN: Well, that’s all for today. Thanks again for joining me, Rebecca, and we’ll come back again next week to talk more about online arbitrage.
[00:34:03] REBECCA: Looking forward to it and we’re looking forward to being with all of you again next week. Bye.
[00:34:07] STEPHEN: Bye.
[END OF EPISODE]
[00:34:10] ANNOUNCER: That’s all for this episode of the Full-time FBA Show, so head over to fulltimefba.com/podcast where you will find the show notes and links from this episode. While you’re there, subscribe to our newsletter where you’ll get several free downloads of our popular and helpful Amazon FBA resources. Now, take action on what you’ve learned today, so you can find success at turning part-time hours into a full-time income with Amazon FBA.
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