Boosting Profit Margins for Amazon FBA Sellers With Arbitrage Card
Manage episode 389566441 series 3510678
Taylor Thomas, founder of Arbitrage Card, joins Ian Kaneshiro on this episode to discuss how discounted gift cards can help Amazon FBA arbitrage sellers cope with low-profit margins.
By purchasing gift cards at a discount and using them to buy products for resale, sellers can increase their profit margins instantly. Taylor explains how his platform works and the benefits it offers to Amazon sellers. He also shares insights into the gift card industry and the measures his company takes to ensure the legitimacy and quality of the gift cards they provide.
Topics & Timestamps:
0:00:07 Introduction to the topic of coping with low margins in Amazon FBA arbitrage business
0:00:39 Explanation of how Amazon's fees impact profit margins
0:01:12 Introduction of Taylor Thomas, founder of Arbitrage Card
0:02:05 Taylor's background and the concept of discounted gift cards
0:02:57 How discounted gift cards can help increase profit margins
0:04:15 Source of the gift cards and quality control measures
0:07:33 Mitigating risk when buying gift cards
0:09:02 Balancing checking and future plans for a software tool
0:10:18 Importance of quality control and customer satisfaction
0:11:47 Overview of the platform and features to track gift cards
0:13:21 Tracking gift card balances and organizing them on the website
0:14:30 Viewing gift cards as cash for strategic decision making
0:15:32 Instantaneous delivery of gift cards electronically and digitally
0:16:57 Stack credit card rewards with gift card discounts for increased savings
0:18:06 Using credit cards with reward systems to buy gift cards
0:19:36 Manipulating credit card categories for additional savings
0:21:02 Working on a new feature to maximize credit card rewards
0:21:47 Suggestion of Barclays Aviator Red Mastercard for easy sign-up bonus
0:23:10 Barclays Aviator Red Mastercard offers 50,000 American Airline miles
0:24:07 Recap and conclusion of the conversation
Connect with our guests:
info@arbitragecard.com
Connect with our host:
Ian on LinkedIn: https://www.linkedin.com/in/iankaneshiro/
Ian on Instagram: https://www.instagram.com/iankaneshiro_
Stay connected with Seller Snap:
Website: https://www.sellersnap.io/
LinkedIn - https://www.linkedin.com/company/seller-snap-inc./
Instagram - https://www.instagram.com/sellersnap.io/
Facebook- https://www.facebook.com/sellersnap.io/
Full video episodes are always uploaded on YouTube.
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