In the world of retail arbitrage, the name of the game is to find something cheaper in store and then turn around and sell it for a profit online. For instance, you may find an older video game on clearance for $5 that can sell for $17 online. While it may sound hard to do, it’s a lot easier if you have the right apps.
In today’s post, I want to talk about the many retail arbitrage apps on the market that help you find these items that can help you make a profit online, mainly Amazon and sometimes eBay.
And, no, you don’t need to be an experienced seller nor do you need thousands of dollars to get started. In all honesty, you can get started with as little as a few dollars to learn how this market works. You just need to find the right items to scan. You also need to take the time to learn what sells the best. It can take time, but like anything, it can pay off as you gain knowledge over time. These apps are going to help you from purchasing items that won’t make you money.
While I won’t go in depth as to how retail arbitrage works, I’m only going to talk about the apps that can help you. In using these apps, it can help you beat your competitors and make a lot more than using the old-school, traditional methods. If you want to learn more about retail arbitrage, I will talk about this at a later date. But, for now, you can view the many YouTube videos on this very subject that can help you make a few hundred, maybe even thousands, in your spare time.
For now, let’s focus on the best retail arbitrage apps. They are as easy as downloading them and then scanning a bar code inside of a store for more in-depth information to show you if it’s profitable. Most of these are apps are straight-forward in how they work, but they can take some time to learn how to interpret the numbers.
The Best Retail Arbitrage Apps
Amazon Seller App
Hands down, the Amazon Seller App is the best option out of all the ones I’m about to list, especially if you plan on re-selling on Amazon. A few reasons that I like it is that it’s 100% free and it’s coming straight from Amazon.
As long as you’re a registered seller on Amazon, you can start to use the app right away. If not, you can always sign up for an account. This doesn’t take long.
After you download the app, you can start scanning products immediately, which will help you determine the product’s price, the fees you would pay if you were to sell, the profits, the product’s rank as well as how many people are selling at a given time. These metrics can help you determine if there’s money to be made in the product you found. As an important note, you need to remember that some categories are restricted, so make sure you can sell that item on Amazon before buying! The app will tell you if you ahead of time if you’re able to do so.
Aside from being able to see what you could make, you can also list your products on the spot, manage your orders as well as your returns. Your whole selling profile is available at your fingertips with this very simple selling app.
The app won’t lay it out as easy as the other apps I’m about to mention, but if you’re on a budget and don’t want to spend any money at first, it’s one to at least check out.
I would only recommend this if you plan on selling on Amazon as this is what the app is designed for after all.
Profit Bandit is said to be the #1 scouting app, at least according to the company’s website.
The app offers a myriad of benefits, including…
- lightning fast scanning
- if you’re competing against Amazon
- know who has the buy box
- calculates profits based on 15 factors
- offers a restricted items alert
- sales range
- crystal clear profit calculation
It does cost $9.99 per month, but it offers unlimited scanning for both the Android and iPhone. From the many reviews I did read, the monthly price was justified.
- Website: Profit Bandit
ScanPower provides live pricing data for every single item found in the Amazon database. All you need to do is scan your item ones to create a listing and then add items if you were to ship it as an FBA shipment.
The pricing is a smidge higher than most I note here, starting at $24 a month, but you will get much more than just the scanning app.
According to the pricing comparison chart, you can receive reports, listing features as well as a variety of product information, depending on the plan you choose.
Keep in mind that the app doesn’t have the best ratings on the Google Play Store, but I try to include as many options as I can find to help you in your research.
- Website: ScanPower
Scoutify isn’t as popular as the rest I mention here, but it can get the job done if you’re willing to pay the monthly price.
It does cost $40 per month to use, but from what I have seen, it includes much more than just scanning. It can also integrate with multiple third-party apps, such as camelcamelcamel, to help you keep track of prices as well as allow you to keep a shopping list to track your scanning history. The monthly fee also allows you to access InventoryLab, which offers reporting, bookkeeping and sourcing tools, all of which could come in handy if you consider yourself to be a power seller on any platform.
If you’re hesitant about the price, they do offer a 30-day free trial to test it out.
- Website: Scoutify
Price: $9-$35/mo or $349-$1119 one-time payment
The FBAScan app allows you to scan and check any item listed on Amazon is less than one second with a simple scan.
Unlike a lot of apps that pings Amazon’s database in real-time causing some lag, you can download Amazon’s database directly to your phone for almost instant results. The app, much like the rest, offers an automatic calculation of profits, profit based triggers customized by you, and a historical rank for the products you had in mind.
The company offers a variety of payment options, from a one-time payment to a monthly plan starting at $9.95.
- Website: Scoutly
Compare Prices On Amazon & eBay
Price: FREE but there’s a premium Ad-Free version
Most of the apps I already mentioned primarily deal with Amazon, but this isn’t the case with the “Compare Prices On Amazon & eBay” app.
This app allows you to scan any UPC, then allowing you to compare the prices on both eBay and Amazon instantly. You can also check the reviews and ratings.
While the app isn’t as in depth as the other apps mentioned, it’s a nice free option that allows you to check out the prices. Just remember that you will have to shave off the commission fees to get a final profit number.
- Website: Compare Prices On Amazon & eBay
What’s it worth on eBay?
Price: FREE but there’s a premium Ad-Free version
The “What’s it worth on eBay?” app will let you know a realistic price average on eBay, making it a great choice if you want to flip your items on eBay, not Amazon.
After you search for the item in question, it will show you the average net price as well as how many items have sold in the past. The simple interface makes it easy to understand what you could get out of the item.
If you want an eBay arbitrage app, this is one of the most popular options on the Google Play Store. As I write this, it has more than 500,000 ratings with a solid 4.3/5 rating.
- Website: What’s it worth on eBay?
All of these apps can help you in one way or another if you’re interested in the retail arbitrage world. Even if it’s focused on Amazon, you can still assume these numbers can apply closely to other platforms such as eBay, Craigslist and the many other sites like Craigslist.
While most of these apps do focus on Amazon, this is where most of your money is made. Like I said prior in the introduction, I haven’t talked much about retail arbitrage, but I may do so in the future, in which I will link out to the guide here.
For now, check out these apps and see which ones may help you make money if you already know about this world. If you don’t want to invest anything at first, then the Amazon Seller app may be a great choice. If you have money to spend, however, then the many other premium options I listed could work just as well. It’s just up to you to determine which features are worth paying for.
Now, I leave it up to you.
Have you used any of these apps?
Am I missing any?
If you have anything on your mind, feel free to sound off in the comments below!
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