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I'm not saying that people didn't make money, but it was a lot more hassle than it was worth. There are still people to this day who focus on penny books, but I believe there are easier and more scalable ways to make money reselling on Amazon. It's an economic principle called speculation and it is what drives the arbitrage way of life. The same thing could happen for an online retailer as well. Say I have Amazon Prime and I love two day delivery. I might automatically go to Amazon to buy my online purchases without taking the time to search for the 300+ other online retailers that might sell the same product. I just buy what I know and what is convenient and easy. Now a reseller might take the time to look through all of these other sites and notice a closeout on a given item. And that is where the arbitrage opportunity is born. A few years later, I was making $3,000-$4,000 a month when I added in online arbitrage and started to really understand how and where to find the best deals. If you want to indulge yourself in Amazon arbitrage just to make a small amount of extra money on the side, then fantastic. If you see arbitrage as a long-term opportunity and potentially becoming your primary source of income one day, then it's possible that you could make this happen, too. Probably the most important thing here is to understand that you're not going to make a fortune overnight. Reselling on Amazon can be lucrative but it isn't easy, and it definitely isn't a get rich quick scheme! There are a number of different ways you can approach Amazon reselling and arbitrage. That's what will allow you to make some serious money with retail or online arbitrage. designer bags cyber mondaycheap gucci bag sale
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