What’s the easiest way to make money online in 2019? That’s exactly what I’m going to be going over in this post.
Hey guys my name is Zukais and I’m an SEO consultant. One of the ways I make money online is by ranking pages on Google. I’ve also been doing a lot of other make money online methods and I’m aware of so many and I’ve tried so many.
Today I want to share with you, in my opinion the easiest way to make money online. So just a quick disclaimer, this make money online method is going to be a hybrid of both making money online as well as actually doing it physically in real life.
What I’m talking about here is retail arbitrage.
What is retail arbitrage?
Retail arbitrage is actually quite straightforward and an easy concept to understand. Retail arbitrage is simply going to retailers such as Asda, Tesco’s, and Walmart and finding cheaply priced products. And with these products, you sell them a higher price online. And there you have it, that’s retail arbitrage.
The places you can sell the items you purchased from the retail stores are limitless. The two biggest ones are eBay and Amazon.
In this post, we’ll be using eBay because you don’t have to pay any startup fees like you do with Amazon.
So how do you actually do it, what’s the first step?
The first step is going to retail stores and choosing some discounted products I would recommend making sure the products are from 75% to 90% off. This will allow you to maximize profits. And bear in mind, you’re going to have to pay for eBay fees, PayPal fees, and shipping fees.
So what kind of products should you go for? Well there’s no one answer but there are a few criteria that I would recommend you ticking off.
Here are a few:
Making sure that item is lightweight – the reason why you want to do this is because it’s going to reduce the shipping price. For example, if you buy a microwave that’s 90% off and on eBay it sells for much higher, Well your profits are probably going to be lost because it’s going to be a hefty shipping fee.
I would also recommend for beginners only to purchase smaller items. The reason for this is to keep the shipping costs down.
I would also recommend avoiding products that break easily such as mugs. this is going to reduce your return rate.
So those were just a few things I’d recommend ticking off.
You literally just go into this retail stores and find deals. Also, you’re going to have to go out of town and go to other retailers. That’s just the way it works. For example, in my town, my entire shopping center had no good deals.
When trying to find heavily discounted products, make sure you have your phone on you and you’re checking the prices on eBay. I would recommend typing in the product name and checking out the old listings. Make sure the product is selling before you buy it, you don’t want to be stuck with dead inventory.
So after you’ve purchased some products, it’s time to start listing on eBay.
I would recommend NOT taking a picture with your phone and using the retail image. This is going to make it look like the product’s 100% new and make sure it doesn’t look like you purchased it for very cheap.
Go ahead and put the item up on eBay, make sure you have the title with the product name. Also, give a good description and use variations of keywords. This is going to help you rank higher on the eBay listings and get more sales.
After this is done, and you start getting some sales, go ahead and send items off as quick as possible. I would recommend getting signed parcels to make sure your product has been delivered and to actually track your product.
This is going to make sure you avoid any scammers because people can say that they did not receive the item when they did.
To make sure they don’t do this is to make sure the item is tracked.
I would also make sure you keeping an Excel spreadsheet. Make sure you track the retail item costs, the shipping costs, the selling fees, and your profits. This is going to make it a lot easier for you to know that you are actually making money online.
So that’s pretty much it, that’s the easiest way in my opinion to make money online.
Just make sure you keep in mind that you’re going to lose money and make money. There’s a high chance they’re going to be losing money at first because you trying to get the basics down and master the skills to actually do this.
If you’re looking for more make money online methods, check out on ClickDo.