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Retail Arbitrage: The Blueprint for Buying Retail Products to Resell Online Paperback – September 19, 2011
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About the Author
My name is Chris Green and this is the first book that I wrote about selling products online and sourcing them at retail stores. I first published this book in September 2011. The story behind this book was that I wanted to write a long PDF about Amazon and FBA that answered all of the most common questions that were being asked. After I started writing, it ended up being a lot like a book so I looked into self-publishing options. It ended up being really easy and this book was released. I later stopped printing the book because I felt that the book was too long and basically covered two topics. The fist being the business model of arbitrage (along with Amazon and Fulfillment By Amazon (FBA)) and the second being process of sourcing products at retail stores. Not everyone who wanted to learn about arbitrage, Amazon, and FBA also wanted to learn more about sourcing products at retail stores. For them, the book was unnecessarily long and that also added to the production cost of the book. So I rewrote the book, took out the retail sourcing stuff, and just called it Arbitrage. It was published in September of 2013. It was shorter and priced at just $9.95. It’s on Amazon here: http://www.amazon.com/dp/1478251891 You can read the reviews here: http://www.amazon.com/dp/1478251891/reviews#customerReviews It’s an updated version of this original book. It’s only $9.95 and you get the Kindle copy for free with paperback purchase. Kindle copy is only $2.99 by itself, or you can read the Kindle copy for free if you are an Amazon Prime member.
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Top customer reviews
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One has to question the previous reviews. Regardless, I do say that they have Good Customer service in that they do respond to emails in a timely fashion.
Chris Green has a nice writing and teaching style. I enjoy his books and video. I do feel he pushed FBA scout way too much in this book. While I understand part of the reason for this book was to sell his app, I would have been annoyed about all the time he spent talking about FBA Scout if paid for the book. It does start to feel like an infomerical about halfway though the book. But once you get through the FBA stuff Chris does provide some really good content making its worth the read. FBA Scout does look like an awesome app and service . Once my business is big enough I probably will revisit this book and
reevauate purchasing the service. As of right now. I can't justify the $40 monthly fee . There are less robust services for 9.95 a month that fit my budget. What Chris is offering is a full business process for $40.00 a month. This can be a game changer when it comes to time management you just have to grow into the service.
This book really makes you feel that you can do it. It explains why many people who buy from Amazon versus their local stores, even sometimes paying more in order to do so (quick shipping with Amazon Prime, free shipping with Super Saver shipping, convenience, availability of items, etc.)He gives testimonials from several sellers ranging from an older lady who shops thrift stores on her lunch hour for items to resell, to power sellers who ship dozens of boxes to Amazon each week to have orders fulfilled by FBA.
All the reasons why being an FBA seller beats stocking and shipping every item yourself are convincingly explained. My only caution here is that selling through Amazon's FBA program only makes sense if you sell a fairly high volume, because of monthly fees and other reasons. And for many sellers, getting to that level of sales, especially if you are doing this part-time, could take quite awhile. I wish I had realized that, for awhile at least, I WILL have to store a bunch of merchandise, and I WILL have to make frequent trips to the post office to ship packages. It will take some time before I am selling enough for the FBA program to make sense for me.
The author does tout his own barcode scanner. I was not ready to invest in the monthly fee (though you can get a free trial) so I am starting with some free scanning apps for my iPhone. Right away I can see that these free apps do not offer all that FBAScout offers, so again, if you are a newbie like me, you have to make the choice: do I invest in the monthly fee because the information FBAScout gives me will help me buy more profitable items and avoid duds; or do I play it safe and wait to invest in this until I am making a profit? It's a chicken-and-egg question.
I wish he gave more space to the other scanning apps that are out there. That is where "Barcode Booty" by Steve Weber comes in. That book reviews a number of apps for iPhone and Android that you can choose from depending on your individual preferences and needs. I feel that these two books combined give the new reseller all they need to know to get started.
Do expect that there will be a learning curve in getting to know the ins and outs of this business. Realize that some of the power selling described in these books will either take some time to achieve, or involve more risk and investment than some people might want to get involved in. Here is how I started out: my daughter was gathering used DVDs for her club's bazaar. I snagged a couple of them, did a quick price check on Amazon, signed up as a seller, and was listing items within a few minutes. I listed the two DVDs and a couple of books to start. I sold one DVD in fifteen minutes, another two hours later, and a book the next day. And that was just stuff we scrounged from around the house. I think this is going to be fun!