An Alternative Business Model - Retail Arbitrage (not Online Arbitrage)- Omer Muhit - Amazon Legends - Episode #201

The guest on today's episode is Omer Muhit. He is a successful Amazon seller who specializes in reselling books. Over the years, he has sold millions of books. His computer science background has been a significant asset to his business, as it allowed him to co-found a software company that provides powerful tools and services for other Amazon sellers. In today’s episode, he discusses retail arbitrage, an alternative business model for online arbitrage.

Takeaways:

• Selling used books can earn you a good living.
• It is important for you to keep track of the inventory value you hold.
• If you want to sell used books online, you can start with books you already have, or you can get books free from your friends or neighbors.
• You can buy used items in bulk from nonprofit organizations for a lower price, then resell them for a profit.

Quote of the Show: Amazon has different criteria for measuring seller performance on inventory. If it is a fast-moving item, we send it to FBA. If it is a slow-moving item, we use the merchant-fulfilled model. 

Links:

• Personal – Linkedin: https://www.linkedin.com/in/omer-muhit-74b730b4/
• OneStart Labs: https://www.linkedin.com/company/onestart-labs/
• Bookz Pro – Linkedin: https://www.linkedin.com/showcase/bookzpro/
• Bookz Pro – Website: https://www.bookzpro.com/

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Amazon Legends is sponsored by Argometrix, the authority on, and a leading supplier of, competitive intelligence for online retail. To learn more, head over to https://argometrix.com/