Making money on Amazon is not an easy task. It takes a lot of skill, dedication and patience.
While these are important, you need to leverage platforms that have helped people sell and make tons of money on Amazon.
The platforms these individuals use are called retail arbitrage apps. And before I list the apps and their specific functions, I’ll tell you what they are and why you need them.
What are Retail Arbitrage Apps?
According to Online Selling Experiment, retail arbitrage refers to the act of buying products in your local retail stores and then selling those same products through online marketplaces for a profit. The most reliable source of products is generally the clearance racks of stores like Walmart, Home Depot, and Target.
So, from the above meaning, we can deduce that retail arbitrage apps are applications where you get the best buys as they help you sell your goods on online stores – stores like Amazon.
Although there are so many stores wherein you can sell, we will focus on the best apps to help you sell on Amazon.
Why Do I Need to Use Retail Arbitrage Apps?
I don’t think anyone turns down an opportunity to make more money out of a business, trade or occupation.
So, you shouldn’t make a poor choice especially if you’re in the retail market.
Apart from the ease of access and increased visibility you get, retail arbitrage apps help you keep track of your business online.
Hence, at every point in time, you have enough data to help you make informed decisions about your business.
A lot of retailers on Amazon has spoken highly of these apps and we will find out why.
Best Retail Arbitrage Apps
Here are some of the best apps for you;
1. Amazon Seller App
This is one of the easiest and simplest applications to use. And the biggest perk is that it is completely free.
As a registered seller on Amazon, you can start using this platform immediately. However, if you’re not yet registered, you’ll have to complete the sign up request.
A good number of the advantages that this app offers is the ability to fix prices, calculate approximate profits, check best sellers ranks and even spy on your competition.
On the other hand, it has some disadvantages such as the inability to intergrate with Google or eBay. And the impossibility of seeing the maximum ROI.
To fully utilize Scoutify, you need to register under it and pay the sign up fee. I know that is heartbreaking but you also need to know it’s highly recommended ofor sellers with a high monthly volume.
So, if you’re making a high monthly volume, you can skip the content at this stage and go to the next.
However, if you’re on the other side, the benefits are amazing.
Apart from the ability to integrate this application with third-party apps, you have a shopping list which holds the history of your purchases. Furthermore, you get access to an InventoryLab where you can access reporting, sourcing, and bookkeeping tools.
The FBAScan app is one of the best retailer arbitrage apps for selling your products. Additionally, it has a very huge advantage which makes it outweigh other applications.
With this app, you can do business in an area with a very poor reception. Yes! A poor reception.
Similar to other applications, you get to see your sales rankings, image, weight, title and prices as well.
If you’re somehow who works on the go, this app will probably favour you more than any other application.
On this application, you get access to live data from Amazon. Furthermore, you can transfer this data to a place where you can always revisit it.
The distinct feature of allowing users to create 2D barcodes after shipping items makes transactions easy, convenient and accessible.
5. Profit Bandit
Profit Bandit is another exceptional application. However, it is a paid platform which allows you to perform research on best selling items. A good part of this application is the low entry point for sellers it gives.
Before you can decide to use any application, you must ensure that it fits the requirements you need to sell. More so, you must check to see if your budget can accommodate it. Don’t fall into the pressure of trying out something extraordinary, you are doing just well.