Best Retail Arbitrage Tools [2024 Update]

Making money on Amazon can be a tough endeavor, requiring a mix of expertise, persistence, and determination. While these traits are critical, leveraging the right retail arbitrage tools can make a significant difference. These tools have enabled countless sellers to thrive and generate substantial profits on Amazon.

Retail arbitrage involves purchasing items from retail stores and reselling them on online marketplaces for a profit. Stores like Walmart, Target, and Home Depot often have clearance sections that serve as excellent sources for such products. To maximize success, retail arbitrage apps are available to streamline the selling process. This guide highlights some of the top tools specifically designed to enhance your selling experience on Amazon.

Top Retail Arbitrage Tools for 2024

1. Keepa

Keepa is a highly regarded tool for tracking price fluctuations on Amazon. By providing detailed graphs and price histories, it helps sellers identify profitable deals as soon as prices drop. You can monitor price trends over time, ensuring you know the best buying and selling opportunities.

2. Jungle Scout

Ideal for entrepreneurs seeking stable growth on Amazon, Jungle Scout offers both a Chrome extension and a standalone app. It simplifies the search for profitable products, analyzes competition, and provides sales projections. The tool eliminates the need for guesswork, offering reliable data for informed decision-making.

3. Scoutify 2

Scoutify 2, linked with an InventoryLab subscription, helps sellers identify profitable products by scanning barcodes. It evaluates product costs and calculates profitability, offering details like return on investment. This tool empowers sellers to make smarter purchasing choices.

4. Tactical Arbitrage

Tactical Arbitrage stands out for its versatility, allowing users to search through thousands of retailers and categories. Its filtering options enable sellers to focus on high-performing items while analyzing historical data and Buy Box prices for better insights.

5. Profit Bandit

Profit Bandit enables users to scan barcodes and assess a product's profitability for Amazon resale. With features like historical price data, rank tracking, and insights from Keepa and CamelCamelCamel, this mobile app is invaluable at trade shows, thrift stores, and major retailers.

6. Amazon Seller App

Free for Amazon sellers, this app offers tools like a barcode scanner, inventory management, and sales tracking. It also helps you quickly list products, respond to customer queries, and calculate estimated earnings. Notifications for sales opportunities and price recommendations add to its appeal.

7. RevSeller

RevSeller simplifies the research process by displaying key metrics—profitability, category, and sales rank—directly on Amazon product pages. This extension is particularly useful for calculating fees and ROI for various products, helping sellers make swift decisions.

8. ScanPower

ScanPower enhances profitability by providing live pricing data, creating listings, and offering shipping-related features. It’s a comprehensive tool designed to optimize every stage of the selling process on Amazon.

9. Aura Repricer

Aura Repricer uses AI to automate price adjustments based on your strategy. By syncing with your Amazon seller account, it ensures optimal pricing to stay competitive, especially for the Buy Box.

10. Scoutly (FBAScan)

Scoutly is unique in offering an offline database for barcode scanning, making it possible to analyze items without internet connectivity. It provides detailed insights into sales rank, pricing, and profitability.

11. Seller Board

Seller Board supports business growth by managing tasks like inventory tracking, PPC optimization, and customer reviews. Its live dashboard and analytics help maximize profits while minimizing manual effort.

12. SourceMogul

SourceMogul saves time by scanning millions of products each month, highlighting items with excellent profit margins. This tool is a must-have for sellers seeking to elevate their arbitrage strategies.

13. Brickseek

Brickseek is ideal for finding deals and clearance items in retail stores like Walmart and Target. It uses product identifiers to locate discounted prices and check stock availability across multiple retailers.

14. Invisible Hand

This browser extension discreetly alerts users when a cheaper price for a product is available elsewhere. It’s a simple yet effective way to save costs and maximize margins.

Conclusion

The competition among Amazon sellers continues to grow, making it vital to use the best retail arbitrage tools available. These applications and extensions provide actionable insights into pricing, sales trends, and profitability, streamlining the entire selling process. Many of these tools are free or offer trial versions, allowing you to experiment and find the one that aligns best with your business goals.