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What is OAXRAY? Read on for ALL of my tips
OAXRAY is a Google Chrome extension that was created to assist you in finding profitable items at common and uncommon online retailers in order to resell them on Amazon. This is a process known as Online Arbitrage. You can sell Merchant Fulfilled or FBA since the extension supports calculations for both.
OK, now that's the technical explanation and general overview. But what you really want to know is why I have become such a big advocate of the software and how I've used it in very short time to find some excellent items for resale on Amazon. Well, this blog post (and Youtube video) were created to answer both of those questions. So get ready to take notes, we're about to get into this to every last minute detail.
This sounds great, but a little too good to be true.
If the idea of making money from your own home with nothing but an internet connection and a computer sounds too good to be true, read on because not only are you going to find out exactly how possible this is, but I'm going to lay out all of the things you're going to need to know on your journey to making money online with very little risk. All the while you'll be utilizing the huge fulfillment centers Amazon has spent billions of dollars on to pack, ship and fulfill all your orders while you sit at home and collect checks. I should know, I've been doing exactly that for the last 10 months.
There are very few tools I've ever used that have made me significant amounts of money in a short time. This tool made me $2k in profit in mere days with only me using it yet despite this I feel I've only scratched the surface on what I could potentially do with this software. You owe it to yourself to see if it can do the same for you. Just remember, like everything else there is a learning curve. Follow this guide and you will be off to a great start making money with OAXRAY.
What do I need to start using OAXRAY for online arbitrage?
All you truly need is a decent computer that runs Google Chrome, an internet connection and an Amazon Seller account. For the computer, the faster the better. It doesn't need to be super recent or anything, but it should be able to handle having multiple tabs open in Chrome without getting too sluggish. You'll see the reason for this later on, but let's just say that the more tabs we're able to open, the more efficiently we're going to be able to work to find deals.
So besides having a decent computer or laptop, what else do you need? Well, there are a few helpful add-ons you are going to need. They are all chrome extensions. The good news is 2 out of 3 of these are completely free. There are paid alternatives for some of the things we need to do, but whenever I can give you a free alternative, I'm going to do it.
What do I need to start using OAXRAY for online arbitrage?
All you truly need is a decent computer that runs Google Chrome, an internet connection and an Amazon Seller account. For the computer, the faster the better. It doesn't need to be super recent or anything, but it should be able to handle having multiple tabs open in Chrome without getting too sluggish. You'll see the reason for this later on, but let's just say that the more tabs we're able to open, the more efficiently we're going to be able to work to find deals.
So besides having a decent computer or laptop, what else do you need? Well, there are a few helpful add-ons you are going to need. They are all chrome extensions. The good news is 2 out of 3 of these are completely free. There are paid alternatives for some of the things we need to do, but whenever I can give you a free alternative, I'm going to do it.
- Keepa plug-in. Sourcing without this can be like shooting in the dark. This will give us historic sales information like price fluctuations and sales rank history. A free plug-in.
- Calculator Widget - This isn't absolutely necessary, but it is extremely helpful. This makes it fast and easy to confirm that your product is actually profitable using the Amazon FBA Revenue Calculator. It is a much faster way than doing it by hand. Time is money, so this is an important extension to have. Thanks to Mike Lamothe for telling me about this useful extension. A free plug-in.
- OAXRAY - This is the backbone of the entire online arbitrage system I am going to teach you. I was able to get my viewers / readers an extended 6 day trial by using this link.
- Cash - Once you find some deals that meet our criteria, you're going to want to swoop them up before anyone else gets to them.Make sure you have your Paypal / Credit Card ready. I personally decided to start with $1000, but you can start with whatever you feel comfortable with. Once I really got the hang of things, I ended up breaking my limit because I simply kept finding too many good deals that I didn't want to let slip between my fingers!
About the Author Jim Pickins
I'm a 6 figure online reseller with focus on Amazon FBA. I deal mainly in books and used media and also do some Retail and Online Arbitrage. Though I focus on the FBA model, I've done some heavy merchant fulfilling during Q4.