Quarter 4 (Q4 as it is normally known as among online sellers) is the time period between October and December of every year which if carefully planned Cyber Monday, Black Friday are excellent hall marks for retail arbitrage. Here are a few tips to help you succeed in quarter 4.
Things to remember
Comparing yourself to others will make you lose sight of the bigger goal which is to succeed and sell. Comparing yourself to others will not make you lose sales immediately, however, it will affect the way you think, hence affecting your ability to make informed decisions.
Thinking in the wrong frame of mind and following trends that other sellers might follow, ay cost you to lose sales. At worst, it may make you to quit.
Keep in mind that you do not know how much the other sellers are making. Just because they post hauls of what was bought on the social media pages does not equate to big time sales.
You also do not know how they are paying for their inventory as some sellers could be in debt and borrowing into debt to buy big purchases to a cycle which they cannot get out of. However, what you should keep a focus on your goals.
Tips to imbibe
Be sure to revisit the plans you’ve made, and your goals.
Keep in mind that the methods may change but your goals shouldn’t.
Be prepared to challenge yourself both mentally and physically in your work sphere.
Do not be bothered by other people’s sales.
Learn from your mistakes.
Don’t spend it all at once. Always reinvest.
Overall, if you continue to prepare and concentrate on how to utilize the resources available to you, then you are most likely to succeed.
Consider using a prep company to save you the hassle of packing boxes to be sent to Amazon warehouse when you can be using the same time to source and list profitable products. To find out more about our services click here