What is ONLINE RETAIL | Key Tips & Goals 🔥 Lesson - 1 | Discover Amazon Course | Selling On Amazon
In this video of Discover Amazon, we will learn about what is online retail and its key tips & goals to help you start your journey of selling on Amazon with a complete understanding of online arbitrage.
Welcome to Discover Amazon – Free Amazon Seller Course for Beginners
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Link to Today’s Quiz 👉 https://bit.ly/3hPTs4M
Do come back and tell me your score in comments below!
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I am Sorabh Kumar, founder of Amazing Marketer and through this free Amazon course, my aim is to help all sellers, specially those who are yet to start selling on Amazon, to make an informed decision.
Before you start to sell on Amazon, it is important that you know all the key concepts and facts involved in the process, so that you can start your online selling business the right way and also avoid making mistakes.
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For complete in-depth Amazon Seller Training by Amazing Marketer 👉https://amazingmarketer.in/services/a...
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Let me first define what is online arbitrage & retail arbitrage for beginners.
👉 What is Retail Arbitrage?
Retail arbitrage is basically purchasing a product from a supplier and selling it to a customer in retail.
👉 What is Online Arbitrage?
Online arbitrage is the process of buying from a supplier and selling it to other businesses or customers using the online platforms.
👉 What is Online Retail?
Online retail can be understood as a combination or a subset of Retail arbitrage and online arbitrage. In online retail, a buyer purchased the products from a supplier (offline or online) and sells it to a customer online through various channels like ecommerce websites or social media platforms.
Selling on Amazon is one of such online retail platforms. As we all know, Amazon is world’s largest ecommerce platform.
👉There are mainly 2 types of ecommerce business:
✅ B2B – Business to Business
✅ B2C – Business to Customer
Both are supported by Amazon.
But whether you are doing B2C or B2B or any other form of ecommerce business, in order to become a successful Amazon seller, it is important that you understand the goals of online retail.
👉 Before that let’s look at the key things to remember before doing online arbitrage or online retail business:
✅ Select in-demand products
✅ Don’t reinvent the wheel, unless you have a great plan and funds to execute to it.
✅ Old is Gold
👉 Goals of Online Retail (Online Arbitrage or Retail Arbitrage):
✅ Buy products at the lowest possible price
✅ Sell at highest possible price
✅ Maintain demand-supply ratio
✅ Have consistent sources / suppliers
Now, that you have learned about Online Retail, do take the quiz to test your knowledge.
And don’t forget to come back and tell me your score in the comments below!
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Link to Quiz 👉 https://bit.ly/3hPTs4M
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Launch your business now with AMAZING LAUNCHPAD 👉https://amazingmarketer.in/services/a...
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