Thinking about retail arbitrage? So are we. Find out what challenges a client of ours faced trying to resell on Amazon, and learn about how Profit Bandit can help.
Maintaining a competitive edge on Amazon is no mean feat. Especially if you don’t keep tabs on your competitors. Learn how to stay one step ahead with this quick checklist for an effective Amazon competitive analysis.
Say G’Day to Profit Bandit, because it’s coming to Australia! The USA’s favorite product research mobile app for Amazon sellers has made its way across the Pacific, and it’s ready for a warm Aussie welcome.
PORTLAND, OR. August 23, 2018 — With over 15 years of experience, SellerEngine has the breadth of knowledge to help businesses that sell on Amazon become successful. Offering a suite of powerful software tools and customized Amazon seller services, SellerEngine is ready to help any Amazon seller at any stage in their business.
In case you haven’t heard, Amazon has developed the Marketplace Appstore, an app store for sellers doing business on Amazon. SellerEngine’s software products are now available on the Marketplace Appstore.
You may have heard about Ryan Grant’s success from CNBC’s article which covered how Grant’s company is making millions doing retail arbitrage by selling Walmart purchases on Amazon. I sat down with Ryan for a Q&A so I could figure out what kind of mentality and approach sets him apart. My hope was to glean new insights that would be both helpful and fascinating for other sellers. To find takeaways that can help sellers master Amazon retail arbitrage. And we certainly covered some interesting stuff. Thanks, Ryan!
One of the best practices an Amazon 3rd party seller can have is to keep up with current Amazon news and updates. Changes made by Amazon not only influence your sales and customer satisfaction level, they also have the potential to re-shape your entire business in terms of sourcing models and choice of suppliers. Read more for recent changes Continue Reading…
The Profit Bandit team is happy to report that we’re currently testing a new update that will be released in the next week or so. The main focus of this update will be improving user experience in scanning. If you’re already using Profit Bandit or considering giving it a try, don’t miss this update.
People often ask about the best way to set up Profit Bandit in order to get the information they need from the app. The truth is that there is no specific right or wrong way to set it up, it all depends on each person’s business and strategy.
Let’s say you are an FBA seller, selling new items, then you will most likely want to compare your selling price to the selling price of other FBA sellers with items in the same condition as yours. In this case, the settings should be:
- FBA seller turned on
- Sell price based on FBA turned on
- New condition selected
Veteran arbitrageurs who sell on Amazon are all too familiar with the growing number of restricted items. Some of these restrictions are absolute and render a product unsellable in all situations. Yet others are specific to circumstance and can be worked around. What’s important is to know the status of an item before you decide to sell it on Amazon. Even more important, before you spend your dollars investing in quantity to sell on Amazon you later find out cannot be moved at all. Profit Bandit can help you with this.