Hiring Company: Oapie
Location: New York,
New York
Job Type: Full Time
Salary: Not Specified
Experience Desired: 0 - 2 Years
Last Update: Jul 17, 2021 01:12:15 AM
Full Job Description:
Online arbitrage is the act of buying products on one online marketplace and flipping them on another for a higher price. With this method, you don’t need to deal with suppliers and large order quantities. Best of all, you can do everything right from the comfort of your own home.
Oftentimes, a product is sold cheaper on some websites than others. When this occurs, you can take advantage of the price difference by purchasing a product where it’s priced lower and selling it somewhere else where it’s priced higher. If the difference in price is large enough you’ll be able to make a nice profit.
For example, you might find a book being sold on eBay for $5, but when you check Amazon it’s selling there for $10. So, if you buy it on eBay and sell it on Amazon you’ll make a $5 profit.
It’s similar to retail arbitrage, which involves buying products from brick and mortar stores and reselling them online. The difference of course is that with this strategy items are purchased on websites. The overall goal is the same though.
Online Arbitrage Pros & Cons
Address:
New York
NY
10001
Company Type: Not Specified
Contact Name : Oapie
Contact Phone: N/A
Contact Email :
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