fbpx

The 5 Mistakes people make when starting out with Online Arbitrage (and how to avoid them)

INDEX

Online Arbitrage is an exciting new frontier for Amazon sellers in Europe. It has numerous advantages as compared with traditional Amazon business models such as Private Label, however, many people do not have the best experience with online arbitrage due to making mistakes that could have been easily avoided. In this article, we will examine 5 common mistakes to avoid when starting out with online arbitrage.

Mistake 1: Limiting Yourself to One Marketplace

The first mistake that many people make when starting out with online arbitrage is limiting themselves to one marketplace. Thanks to the One-Stop Shop (OSS), there is no need to obtain a VAT number in each marketplace where you are selling products. Don’t miss out on the potential of using existing listings to sell your product Europe-wide.

Mistake 2: Selecting a Specific Category

When it comes to online arbitrage, it is important to cast your net as wide as possible. Don’t be tempted to specialize in one niche or category as you may be leaving potential profits on the table. This doesn’t mean you should go diving into categories like hazardous materials or anything with too many variants, measurements, and complexities, but you should aim to be as open-minded as possible.

Mistake 3: Doing Searches Too Broadly

Those are just starting out often make the mistake of doing overly broad searches on their providers. While it is okay to do this if you have already limited the filters, you are likely to end up with uninteresting results if you don’t.

Mistake 4: Not Checking for Restricted or Hazmat Materials

This is an important step to take when starting out with online arbitrage. Make sure to install the Actorio Chrome Extension that will alert you in the Actorio interface if you are restricted for a specific category. It would be very inconvenient to spend time and money on buying products that you can’t sell.

Mistake 5: Using Profit or ROI that Are Too High

This is a mistake that many people make if they are starting out with online arbitrage and are gated in many categories. It is important to remember to set realistic expectations with your ROI and profit targets, particularly early on. As a guideline, you should aim for a profit per product of no more than 3-4 euros, and ROI of no more than 20-25%.

Conclusion

Online arbitrage is an incredible business model that can provide great profits if used correctly. However, there are some common mistakes that people make when starting out. To ensure success with online arbitrage, it is important to remember to cast your net as wide as possible, install the Actorio Chrome Extension, do searches selectively, and set realistic targets for profits and ROI.

INDEX
TRY ACTORIO NOW!
Ready to kickstart your online arbitrage journey? Try Actorio for free for 14 days and discover profitable opportunities with ease. Start your free trial today and take your Amazon selling to the next level!

Other Articles

TRY ACTORIO NOW!

Most Amazon sellers are still wasting time manually searching for new products to sell.
Are you one of them? You can do it better! Try Actorio for free for 14 days without any risk!

WHAT IS ACTORIO

Actorio is the software that you are looking for if you want to sell on Amazon.

It doesn’t matter if you already have a running business or if you still don’t have a product to sell. Actorio adapts to your needs and will help you take your business to another level.

Actorio is the software that will help you find the best products to sell on Amazon, offering a complete view of the European market in one go.

We can do this for you by scanning the catalogues of over 500 suppliers for a total of more than 50 million products.

Thanks to its functionalities, with a single click Actorio tells you to know the product’s margin, the competition level and the profitability, helping you to save time in long searches and limiting the possibility of errors.

PROFITABLE PRODUCTS

Actorio helps you to discover the most profitable products to sell on Amazon in the European market, giving you the results in just a few seconds. Your time is important!

ALWAYS UP TO DATE

The catalogues are always up to date and you can discover new products to sell every day. Actorio scans the catalogues of 500+ suppliers for you and gives you the results immediately!

DESIGNED FOR EUROPE

Most similar softwares are designed for the US market, without considering the big differences between Europe and USA. Actorio is focused only on the biggest European marketplaces.

BUILT BY SELLERS

Actorio is built by people with the same needs as you. We are all Amazon sellers and we know all the difficulties you have to face. That’s why we developed this solution!

ANY DOUBT?

Do you have any doubt about the software and its features?
We are happy to help you and we want to make sure you are making the most of its potential.
Write us or click the button on the right to start a chat.