08/08/2022
Amazon is an company that gives customers the opportunity to shop and sellers to sell online.
There are 5 businesses models in Amazon
1. Private Label (PL)
2. Micro Private Label (MPL)
3. Wholesale
4. Dropshipping
5. Retail arbitrage
6. Online arbitrage
1.PRIVATE LABEL (PL)
Private Label is about finding a product on Amazon that has high sales, but maybe a low no. of reviews; getting that product, and labeling it as if it were yours Basically, what you will try to do is to upgrade the presentation of that original existing product by creating your own brand. We select the products to be sold of higher price range than MPL.
2.MICRO PRIVATE LABEL (MPL)
It is the same as private label but with a comparatively low budget. In this business model, we do multiple launches under the umbrella of the same brand We select low price ranged products as compared to PL.
3. WHOLESALE
In a wholesale model, the seller purchases products in bulk directly from the manufacturer or a supplier of the existing brand at a wholesale price and then makes a profit by selling the products on Amazon.
4. DROPSHIPPING
It is the process of selling a product without the responsibility of carrying inventory or shipping the goods. The product manufacturer is responsible for manufacturing the product, maintaining inventory and shipping the goods to the customer.
5. RETAIL ARBITRAGE
In order to understand retail arbitrage and online arbitrage, we need to know what actually arbitrage is?
Arbitrage is the practice of taking advantage of a price difference between two or more markets, or in other words, reselling.
Retail arbitrage is the process of buying products from online retailers with the sole intention of reselling those products at a higher price of a profit on another online marketplace such as amazon, eBay or Facebook marketplace.This model is for people who are living in the same marketplace where they want to sell.
6. ONLINE ARBITRAGE (OA)
Online arbitrage (OA) is the process of buying products from online retailers with the sole intention of reselling those products at a higher price for a profit.On another online marketplace such as Amazon, eBay or Facebook marketplace.