While I’m working towards wholesale the majority of my business is still Retail Arbitrage. I love the thrill of the hunt for a new item and the rush that I get when I find several of an item that I know will be profitable for me.
In this post I’m going to lay out one of my most valuable strategies – I call it the “OA Backdoor”
It’s not rocket science, but it’s made me a bunch of money and I wanted to share it with you.
Here’s a real life example:
A few days ago I scanned some toys that I’d not looked at before in Wal-Mart, there were several variations of the same type of toy with different characters from a children’s program.
Most of them weren’t profitable. Actually all but two weren’t profitable. The buy cost on the profitable one was $14 and the sale price on Amazon was over $40 with a rank under 20K in toys – Jackpot! Sadly though, there were only a couple of them in the store, I went to a couple other stores but only ended up with a total of five of this particular toy.
Alright – now to fire up the “OA Backdoor” method! When I got home I scanned the UPC and searched for it on Walmart.com – this brought me to a page that looks like the one in the photo below.
This is a textbook example of the “OA backdoor” at it’s finest. Even though there was NO picture and NO description I bought about 20 of these items because I knew what they were. If you were doing OA and saw this listing you probably would have passed on it because you had no way to know for sure if they were the correct item.
They were delivered to my house yesterday and I stand to make a few hundred bucks off of just a few minutes of my time placing an OA order.
Most of the time if you search for a profitable item you purchased RA you won’t find it online at the same price. A lot of profitable RA items that I currently sell are “in store only” items but it never hurts to make a quick search on Walmart.com, Target.com and even a quick google search. This is a very powerful method to help you scale your RA finds. While it doesn’t work often, when it does it’s a thing of beauty!
Alright – enough of me blathering on my blog – I have some stuff to prep and get out the door.
Go Ship Some Stuff!