FREQUENTLY ASKED QUESTIONS
HOW MUCH MONEY DO I NEED TO START?
To be a professional seller it costs £25 a month. Other than that the only cost is stock. Which can be as much or little as you like! (try starting with anything that has a barcode in your home - must be new)
WHAT IS THE BUY BOX?
This is the magic button that gives you all the sales! In short, having the buy box means every time a consumer hits 'Add To Basket' or 'Buy It Now', that's your sale.
WHAT IS FULFILLMENT BY AMAZON (FBA)?
FBA is a programme in which you send your products to one of the many Amazon fulfilment centres to be stored until purchase. Customers buy those products from you, Amazon picks it, packs it and ships it. Saving you daily trips to the Post Office!
WHAT IS RA, OA AND PL?
RA - Retail Arbitrage. A retail store sells a product for a certain price. You purchase that product and sell it for a higher price, pocketing the profit.
OA - Online Arbitrage. The same as RA just online.
PL - Private Label. Putting your own label and brand on a product and selling it.
HOW MUCH MONEY CAN I MAKE?
It completely depends on your own actions, dreams and dedication. You can make £100 a day or £100,000 a day. The sky is the limit!
HOW MUCH TIME DOES IT TAKE?
This depends on many factors. Personally, I choose to work full time but if I was to take a month off, that would be fine. I know some people who only work a few hours a week and still run a very successful business.