Inside a Amazon arbitrageurs group where members sell $100K in goods - Business Insider

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People are quitting their jobs to make thousands selling everyday items on Amazon. Here's a look inside one exclusive resale group, where members have sold over $400,000 worth of good since May.

, a messaging and audio communication platform. Membership to the group costs $50 a month and there are nearly 500 members, according to the founders.

"The biggest thing we try to preach very hard is don't listen to a lot of the people that are telling you no, because there's going to be a lot of nos," Charles said. "And the people that overcome those nos are the people that do really well and are still making money on Amazon today." From persevering through the initial learning curve to figuring out the best items to sell, here were their top tips:Retail arbitrage is only profitable when the product can resell for more than the price a person pays in the store. Learning what items will do well in arbitrage takes some trial and error.

"What people don't realize is that the prices in stores, they're flexible," Charles said. "You can walk into a store, see a $100 price tag, and you can get that price down a decent amount just by talking to store managers."Arbitrage Ops has specific channels on Discord that advise members on current flips that are seeing success.

Charles said that it got to the point where his members were purchasing pools for around $400 in stores and then flipping them for between $1,000 and $2,500 on Amazon. Some members even said they rented U-Haul trucks to pick up dozens of pools to resell them online.

 

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