While no one knows the exact formula for this, the higher the sales rank indicates that the product has been selling well recently compared to other products in the same category. This quickly tells me everything I need to know about whether I should buy this product. If I'm at the store and pick up a 4 pack and scan the barcode with my Scoutify app I'll see this: Later I give the example of selling Skyline Chili. When you go hunting for deals at the store you want the right tools. I'm telling you right no that a scanning app will save you so much time and hassle. ![]() The pro account is also needed to use helpful third party tools like Scoutify from Inventory Lab which I will discuss later down the post. This gives you access to additional tools and it saves you $1 per transaction in cost, so if you sell 40 or more products in a month it is a no-brainer. The first step here is to sign up for a seller account with Amazon Once you've got that in place and decide you're going to give this a whirl I'd suggest upgrading to their Pro Seller Account for $39.99 per month. You find a decent profit margin and that means some serious money from reselling. If you use the Scoutify app, you can have a 90% or higher chance of profit on every single sale. Every clearance item is potential profit for arbitrage sellers. I LOVE clearance racks, 2-for-1 deals, and pretty well any big discount. It's worth checking on a discount item in any store you're at. Here's a list of my favorite stores to buy items for retail arbitrage: Some places are better at giving these low-priced deals than other places. If you buy a pack of deodorant for $50, it doesn't matter what you price it at on Amazon. Remember that your money on retail arbitrage is going to be made on the buy. Where Are The Best Locations For Retail Arbitrage? As long as you buy the items low and sell them high. There's no limit to what you can do here. ![]() ![]() This could be finding clothes on the clearance rack, finding an awesome deal on canned foods, or reselling video games (also on a place like CDKeys) for profit.
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