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Arbitrage: The authoritative guide on how it works, why it works, and how it can work for you Paperback – September 13, 2012
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I've read quite a few books on the subject of retail arbitrage and selling on Amazon. What I liked about this book firstly was that the author didn't fill the pages with information that you can find for free on Amazon.com. Instead, this book focuses on explaining WHY FBA works for sellers, and HOW retail arbitrage can help boost your profits.
Since I've been selling using FBA since September, many of the principals discussed in the book were things I already knew/had learned myself. For a newcomer to the whole subject, the information would be extremely valuable. Had I had this book when I began selling on FBA and using retail arbitrage to source my products, this book would have paid for itself within the first month alone! It would have saved me making many mistakes that I had to learn the hard way.
Even as a seller with some experience, I still found this book helpful and was not disappointed with it. The author had several personal experiences of selling on Amazon which he openly shares with the reader. Many of these accounts helped me to rethink my selling strategies and avoid making some costly mistakes. I paid around $10.99 for this book, and feel it was definitely worth the money.
By taking the time to understand the "why" not just the "how" you set yourself up as a long-time master, an artist, not just someone who follows a formula.
When you understand the principles, the deep -seated ones behind arbitrage, you see opportunities in 100x more places.
It's mostly geared to Amazon but useful for ebay sellers as well.
I especially liked the discussion on margin and why you don't want to compete solely on price.
I've already raised my prices on ebay and guess what?
Surprisingly I am still selling. LOL.
Kudos to Chris for a great book and also for his entertaining radio show.
I'm enjoying being a part of the facebook community too.
And I haven't even purchased the scanpower app yet! LOL
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I should say that this book is more about FBA than about arbitrage in general.Read more