Retail Arbitrage vent..I feel scammed
Hi All, I wanted to come here and share my story about my frustrations and anger about my dip into retail arbitrage. We had been watching some people on YouTube and had joined a few Facebook groups who made it seem so easy and soon decided to make a seller account with Amazon. We were selling for about two weeks and were very successful, our numbers skyrocketed almost instantly and we were on cloud 9 ..and then it happened. We got hit with an inauthentic claim and our account was deactivated. we were absolutely devastated.
Now that we know better we understand what happened and how RA was not a good business model for Amazon and I do take accountability that we should have looked at the cons more in depth. It just makes me so angry that these ‘gurus’ and YouTube channels are out here omitting the very real possibility that you will be deactivated doing RA on Amazon and that it’s a risky business to get into. When I started to search for people in the groups who may have had the same experience as mine these gurus just give vague cryptic answers and then go back to bragging about how they love sourcing from TJMAXX , ROSS andWalmart.
This of course is not to bash or diss anyone who is currently doing RA. If your business is successful congrats I’m rooting for you! I just wanted to share what happened to me hopefully so nobody else gets tricked into joining this business model without realizing their can be serious repercussions and can save money and avoid spending cash for a lawyer to help you get reinstated. I’m happy I found this subreddit and am looking forward to creating a business model that can work.