This article features an interview with Braden Sky, who has achieved significant success with Amazon online arbitrage. Braden went from earning $10k a month to over $110k a month in less than 3 months. The article explores Braden’s journey, discussing his experiences with online arbitrage, the importance of sourcing products manually, the tools he recommends for product research, and the potential limitations of capital in this business model. Braden also touches on the possibility of transitioning to wholesale dropshipping in the future and the role of virtual assistants in his business.
In a video interview conducted by Noah Mincis, Braden shares his story of transitioning from a failed previous business to online arbitrage. He discusses his journey of living out of a car and an RV before finding success in the online business world. Braden provides insights into his monthly revenue, growth rate, and the lessons he has learned along the way. He emphasizes the unique aspects of online arbitrage, such as the ability to use data to predict sales and the importance of product sourcing and research. Braden also mentions the scalability of the business model and his future aspirations.
Interview with Braden Sky about his success with Amazon online arbitrage
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Braden’s journey from $10k a month to over $110k a month on Amazon
Braden Sky is an Amazon seller who has achieved remarkable success with online arbitrage. In a short span of time, he went from earning $10k a month to over $110k a month on Amazon. This exponential growth in revenue showcases Braden’s impressive business acumen and his ability to capitalize on the opportunities presented by online arbitrage.
The concept of online arbitrage and its role in Braden’s success
Online arbitrage involves finding products on other websites, such as Walmart and Ulta, and then reselling them on Amazon. Braden chose online arbitrage as his business model due to its unique advantages and potential for profitability. By leveraging the price discrepancies between different online platforms, Braden was able to generate significant revenue on Amazon.
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Achieving rapid growth in less than 3 months
Braden’s success story is even more remarkable when considering the speed at which he achieved rapid growth. In less than 3 months, he scaled his online arbitrage business to new heights, consistently increasing his monthly revenue. This rapid growth can be attributed to a combination of strategic planning, effective product sourcing, and efficient operational processes.
Running a successful business while traveling full time
One of the unique aspects of Braden’s journey is that he managed to run his successful online business while traveling full time in Bali and Thailand. Although managing a business remotely presents its challenges, Braden was able to adapt and create a balanced work-travel lifestyle. This required careful planning, effective time management, and the utilization of various tools and technologies to ensure seamless operations.
Scaling the online arbitrage business to over 100K per month on Amazon in 9 months
Braden’s ability to scale his online arbitrage business from zero to over 100K per month on Amazon in just 9 months is a testament to his entrepreneurial skills. By implementing effective strategies, handling increased demand and workload, and leveraging automation and outsourcing, Braden was able to achieve remarkable growth and maintain operational efficiency.
Starting the online arbitrage business after a previous business failure
Braden’s journey to success was not without its setbacks. Prior to starting his online arbitrage business, he faced a business failure that left him in debt. However, he turned this experience into a valuable lesson, learning from his mistakes and making the necessary adjustments to ensure the success of his new venture. This resilience and determination played a crucial role in Braden’s ultimate success in online arbitrage.
Importance of learning how to source products and not relying on software
Braden emphasizes the importance of learning how to source products manually rather than relying solely on software like Tactical Arbitrage. While software can assist in product research, it has limitations and risks. Braden’s success in online arbitrage is attributed to his ability to source products effectively, identify profitable opportunities, and build relationships with niche suppliers.
Recommended tools for product research and profitability calculations
In his online arbitrage business, Braden recommends utilizing tools like Keepa and SellerApp for product research and profitability calculations. Keepa provides valuable insight into sales rank history, price trends, and market demand, enabling sellers to make informed decisions. SellerApp assists in calculating product profitability by considering factors such as fees, shipping costs, and sales volume. These tools have proven instrumental in Braden’s success and can greatly benefit other online arbitrage entrepreneurs.
The role of capital and potential bottlenecks in online arbitrage
Capital plays a vital role in the success of an online arbitrage business. Braden highlights the need for sufficient capital to invest in inventory and take advantage of profitable opportunities. However, capital limitations can become potential bottlenecks that hinder growth. Entrepreneurs must carefully manage their finances, plan for potential challenges, and explore alternative solutions, such as transitioning to wholesale dropshipping, to overcome capital limitations.
Transitioning to wholesale dropshipping as a solution for capital limitations
To overcome the capital limitations of online arbitrage, Braden suggests considering wholesale dropshipping as a viable alternative. Wholesale dropshipping involves partnering with suppliers who handle inventory storage and shipping, allowing sellers to focus on marketing and sales. This business model requires less upfront investment and can be a strategic move to scale the business further.
The importance of manually sourcing products and finding niche suppliers
Braden emphasizes the significance of manually sourcing products and finding niche suppliers in online arbitrage. While software can provide leads, manual sourcing allows sellers to uncover hidden opportunities and access unique products. Building relationships with niche suppliers not only provides access to exclusive deals but also establishes long-term partnerships that contribute to sustained success.
The role of virtual assistants in the online arbitrage business
As the online arbitrage business grows, entrepreneurs may find it beneficial to hire virtual assistants to handle various tasks. Virtual assistants can assist with product research, listing optimization, inventory management, and customer service, freeing up the seller’s time and enabling them to focus on strategic business decisions. Braden recognizes the value of virtual assistants in scaling the business and recommends considering their hire when necessary.
Conclusion
Braden Sky’s journey from earning $10k a month to over $110k a month on Amazon through online arbitrage serves as an inspiring success story. His strategic approach, meticulous product sourcing, and ability to adapt to challenges resulted in rapid growth and consistent profitability. By emphasizing the importance of learning, utilizing the right tools, and effectively managing capital, Braden provides valuable insights and advice for aspiring online arbitrage entrepreneurs.
