Online arbitrage traders buy products from a shopping site and sell them at a much higher price on another site. But they often feel confused about choosing products that can yield satisfactory profit. Now, a few software tools are available for aiding them in finding the best products online for arbitrage trade. Some of these tools can be used for free while traders may need to pay money for using some arbitrage tools.
Different types of arbitrage software are available online, which can make arbitrage trading much simpler. The use of these free and paid tools can help in achieving huge profits from arbitrage trade. So, traders need to know about the best online arbitrage software that can fetch maximum amounts of profit for them.
- Tactical Arbitrage – This software is used for finding products from different selling sites. The user only needs to enter some specific details of a product and this tool will source it according to the given criteria. It shows the present cost of the mentioned product, calculates the ROI or potential gain in selling it, and also quotes its beneficial selling price. It is a paid tool available at the price of $70 per month. However, users can try it for free for the first 7 days.
- Amazon FBA Revenue Calculator – It helps the user in estimating the profit that he can achieve by selling a product online. He only needs to enter the 10-digit Amazon Standard Specification Number (ASIN) on this software followed by its cost price and desired selling price, including the probable shipping charge and other relevant costs. It is a free tool and can be used without paying any fee.
- Source Mogul – This software helps in finding suitable products for resale on different online platforms. It compares the prices of numerous products from a mentioned category that are offered on several selling sites. It then analyses the selling prospect of these products and decides the most profitable selling price for these items. It is not a free tool and needs the payment of $97 per month. However, a new user can try it for free for the first 10 days.
- ZonBase – It is another paid tool containing information on over 20 million products for sale on Amazon. It shows all types of products that can be sold on Amazon, along with their current prices and probable profit margins. The simple design of this software helps users in online shopping for arbitrage trade. It is a powerful Chrome extension, making its use simpler for even beginners in this trade. Thus, it saves time for busy traders, as they do not need to go through several search reports here. It contains FBA tools for Amazon research and offers a free trial period for new users.
There are many other paid and free tools, like Brickseek, Rakuten, Invisible Hand, and RevSeller for arbitrage trading. So, traders should go through the features, pros, and cons of each one to choose the best online arbitrage software for their benefit.