Business
There are courses out there about retail arbitrage - and they aren’t worth it - 1:10What is arbitrage? - 2:12People gravitate towards arbitrage, in part, because of a lack of confidence - 4:05Arbitrage is tricky and can get you suspended - 5:53Primary issues with arbitrage - 7:15Not scalableThe profit margins are comparatively slimYou are competing with big brands and big retailers - which is a losing game____________Do you have confidence issues? Today's episode is all about online 'arbitrage' & why it might be a good idea to stay away from it. There are people out there who swear by this model in Amazon selling, but in this episode I am poking holes in the method.https://podcasts.apple.com/us/podcast/51-why-i-stay-away-from-arbitrage-and-so-should-you/id1474270927?i=1000466938191In this episode I cover:• Why people typically gravitate towards this model (4:05)• How arbitrage can get you suspended (5:53)• The primary issues with committing to arbitrage (7:15)So far this has been a controversial topic amongst the Amazon community, but if you're going to be successful in ANY business, you must consider the realities of your industry.Tune in here:https://podcasts.apple.com/us/podcast/51-why-i-stay-away-from-arbitrage-and-so-should-you/id1474270927?i=1000466938191Beau