In this post, I’ll discuss about a way you can make money online by books arbitrage. I’ll also introduce you to a tool that will make the process a lot easier by automating 80% of the task.
Arbitrage if you’re not very familiar, is the practice of taking advantage of a price difference between two or more markets (or within a same market), and then profiting on the difference. Hence, books arbitrage is a process of buying books that are in demand at a cheap price and selling them for more.
In this post, we’ll explore the opportunity on the biggest marketplace on the internet i.e. Amazon. According to a report by Statista, around 197 million customers visit Amazon.com every month (as of Dec 2017). Amazon has roughly 5 million books listed and with more than 100,000 sellers, it’s a high probably that multiple sellers are selling the same book.
Now, Amazon has a program called “Prime” and a lot of customers prefer it because of it’s Free 2 day shipping and priority “customer support” service. But only a handful of sellers register themselves for “FBA” which allows them to list their item under “Prime” service.
So, if you could find items which are cheaper when bought without prime, you can buy them and list for higher price under “Prime”, thus making huge profits by doing literally nothing. Consider the example below:
If only there was an easy way to find such flippable books? There are several OA (Online Arbitrage Tools) online such as eflip.co, zenarbitrage.com, acuflip.com, etc. But, if you’re just starting out, I’d recommend you to try acuflip.com since it’s cheaper and the most simple tool I’ve ever used.