Online Arbitrage For Beginners: How to Source, Buy, Resell Items Online and Make Money
By Dale Blake
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About this ebook
Dale Blake
Dedicated to promoting and making possible order and productivity, Dale Blake is a successful author who specializes in writing business books and also creating travel, wedding, and monthly planners. Dale has always had a knack for organization: even as a child, he could be counted on to ensure that family events, vacations, homework, and more would be prepared for or completed in an orderly fashion. Dale continues to rely on the value of organization and the importance of having order in the home and office. His books--aimed to help others remember their passwords, set agendas, plan for work or vacation, and more--reflect his drive to help today's parents, students, leaders, and business people navigate the modern world and meet its demands with ease. When not busy with writing, planning, ordering, and the like, Dale dedicates his free time to hanging out with his family and friends or-either alone or with company-enjoying the beauty of America's Great Outdoors through fishing, cycling, skiing, hiking, camping, and more. As an aspiring history buff, he is also a coin collector and possesses a respectable collection of coins of all ages and from all places which he is always eager to add to.
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Online Arbitrage For Beginners - Dale Blake
Introduction
With internet penetration and speeds getting better by the day, more and more people are taking their life online. Even though the most notable adoption of the internet could be on the social media and general blogging world, there is a raising juggernaut in online shopping. As online transaction channels become more secure, merchants are leveraging this opportunity to bring goods and sometimes services to consumers who are not willing to walk around looking for a physical store.
While this online retail business has been around for a while, a more lucrative option that works on the arbitrage concept lurks behind the normal retail business. Arbitrage, in its simplest form, is all about buying goods at a cheaper market and selling them at a more expensive market. With the internet making things so simple, you could implement the concept of online arbitrage and make profits off goods that need not be in your warehouse in the first place.
Chapter 1. Arbitrage Concept
Let us suppose that for some reason, an online curio shop in Africa is selling a mahogany giraffe sculpture at $10 dollars. On eBay, the same item is going at $200. It would make a financial sense to buy the item and sell it on eBay since you will make a