How would you like it if someone told you when to pay attention to an item that could make you money? Thanks to a recent article from Chris Green, author of Arbitrage, I have found a way to get an alert when there is an opportunity to make some money. Simply sign up at FatWallet.com, and set up keyword alerts for the categories that you are most comfortable selling in. Then, when there is a new item that fits that description, you can receive an alert letting you know that there is a new deal for you to evaluate.
To evaluate the deal, Chris recommended using Webscout, one of the products in his ScanPower bundle. He also recommended using the Amazon Browser Bar, which is a free add-on that allows you to look up products from Amazon without leaving the page. With a notification of a deal, combined with the ability to instantly evaluate the deal for profitability, it is as if someone is sending you an alarm that says “Hey! Wake up and make some money now!”.
Anytime that you buy things online, you should always stop at retailmenot.com before you click checkout. It is a site that collects all of the online codes and discounts that are available.
A similar site to FatWallet is Slickdeals. The basics are the same, look at the deals to see if there is a difference in price that you can use to your advantage. Remember that altogether, you normally want products that have at least a 3x markup in price. For example, if the item that you are looking for is available for 25$, you want to be able to sell it for at least 75$. You may take a smaller margin on items that sell quickly, but remember to take into account that if the item is available cheaply, the price may be on the decline. Happy Hunting!
To learn more about Webscout, or any of the other FBAPower products that Chris Green offers, check out his site.