Monthly Archives: March 2019

Online Arbitrage Tools for Sourcing, Repricing, and Dropshipping

Make money with online arbitrage by using tools that source products, track sales history, update pricing and even automate purchasing.

Tools for online arbitrage 2nd edition

Online arbitrage seems like an easy way to make money. All you need to do is buy products cheaply from an online store and then sell them for a profit on Amazon or another marketplace.

That might sound too good to be true, and that’s because it is. Online arbitrage is tough. It’s not a “get rich quick” scheme, and many people who try it end up out of pocket and holding plenty of inventory that they can’t sell. The secret to successful online arbitrage is using tools, data, and a methodical approach to identify the right products, understand your revenue and margins, and sell at a profit.

We’ll help you find the right online arbitrage tools for your ecommerce needs.

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Understand the Numbers Behind Your Ecommerce Business With Zynergy Books

Outsource bookkeeping, improve your financial management skills, and increase your profits, with ecommerce specialist Zynergy Books.

Zynergy Books Mike Cortes in office

Bookkeeping is a necessary evil for online retailers. Some sellers see hundreds of transactions a day, making it difficult to keep track of money going in and out. On top of that, cashflow issues can go unnoticed and threaten the survival of any business, even those that are very profitable.

The obvious solution is to hire a professional bookkeeper to balance the numbers and keep your books correct and up-to-date. But there’s only so much a bookkeeper can do. You’ll typically have contact with your bookkeeper once a month, when you send over your latest figures, then they’ll then go away and work their magic alone. Rinse and repeat every month.

Zynergy Books does things differently. They provide bookkeeping services to ecommerce businesses, so sellers can offload that work and spend their time more productively. But then Zynergy uses their experience in both ecommerce and finance to provide personalized coaching, helping retailers cut costs, improve cashflow and boost profits.

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Alternative Marketplaces at Home and Worldwide: Roundup 2019

It’s not all about Amazon and eBay. Here are our best articles on alternative marketplaces both domestically and all around the globe.

Selling Internationally? Look Beyond Amazon and eBay

One of the biggest challenges for online sellers is deciding on the right platform to sell their products. For many, there will be a natural inclination towards one of the heavyweights – Amazon or eBay. Both have their merits and downfalls as we discussed in our recent article on eBay vs Amazon.

But why put all your eggs in one basket? “Alternative” marketplaces are making an impact all around the world. In the U.S., niche players such as Etsy and Reverb have emerged, and internet giants Facebook and Google have launched their own business-friendly marketplaces.

In many other countries, including Japan, China, India and Brazil, ecommerce has long been dominated by online marketplaces other than Amazon and eBay.

So, in this roundup I’ve pulled together our best posts on alternative marketplaces in the U.S. and across the world.

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How To Develop Your Own Products to Sell on Amazon

Private labeling can only get you so far. Develop your own products that solve real problems and you’ll build a business for the long term.

This post is by Manuel Becvar, Founder & CEO of sourcing education site Import Dojo.

In my last post, I covered nine popular ways to find your own private label product niche. Those methods can still work, but a more advanced approach that can be really successful is to develop your own product from scratch.

In my opinion, this is the most important aspect to your long term success on Amazon: product innovation instead of improvement.

What does that mean? It means you actually listen to what the market needs and wants, and develop your own product to fit, instead of creating what you think people want.

That’s a lot easier said than done, so here’s my best advice to get started developing your own products. Get it right, and you can build a great business for the long term, instead of just copying one product after another.

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