Matt has a home-based business selling things using Fulfillment by Amazon.
Retail arbitrage, for those who don't know, simply means buying something at a low price and selling it for a profit. Think of it like the stock market. You always want to buy when the stock is at its lowest and sell when it gets up in the market. You can do this with almost any product now with Amazon. These are my favourite stores to check for items to sell on Amazon FBA.
5. Dollar Stores
Big words of warning right here right at the beginning. Dollar stores sound like they would be great for this but you need to be careful you are not buying something that is restricted or gated from your selling account. A gated or restricted product is one that Amazon does not let third-party sellers sell. Be very careful of sales ranks here and only buy an item when you are confident you can flip it.
That all being said I have had some good success in dollar stores. Stores like Dollarama are OK but many of their items have gone up in price to the point it isn't worth the flip. Dollar Tree, however, has stayed consistent at $1.25 for every item they have.
Check These Sections First
- Party Supplies
- Grocery (if you are ungated)
You would be shocked at what you can find and sell for a profit at these stores!
4. The Mall
Weird idea, but hear me out. Malls have a ton of stores and depending on the season they may be clearing out a lot of inventory. An outlet mall is even better so find a few and get your scanners out. You can find almost any kind of product at the mall and I highly recommend you take a walk around your local mall. Ask the associates at the stores where the clearance sections are or when they add items to the clearance section. If you are selling clothing on Amazon or eBay I highly recommend you look at the mall!
Stores to Look for
- As seen on TV stores
- Kitchen/houseware stores
- Best Buy
- The Bay
- Phone stores
- Clothing stores (for eBay)
3. Liquidation Stores
There are a lot of liquidation stores out there. My local liquidation store only opens on Fridays and Saturdays, but there always have something there that is ungated to me and at a reasonable price to flip for a profit! Be careful of gated categories and brands though! That lego set is a great price but you are definitely gated and unable to sell Lego on Amazon FBA! eBay for the Lego!
Ah, Walmart! Not a big surprise that the biggest retailer in the world would have a lot of clearance products! Find the clearance section at your local Walmart and start scanning! A lot of Walmarts are not discounting as much as they used to but I would go so far as to ask a manager for a better deal if you buy a lot of clearance items at once. Find a few toys or sporting goods that will sell nicely for you and ask away!
1. Thrift Stores
THE BEST SOURCE! You can find anything at the thrift store! They are the cheapest by far because they usually got their items for free. Look especially for non-profit thrift stores like Goodwill, Stuff, ReSource, Salvation Army and Value Village. I also recommend that if you get a lot of items to ask for a manager and negotiate a deal.
Look for These Items
- Video Games
- VHS Tapes
- DVDs (if ungated)
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.