Almost every top retailer and brand in the USA offer their own gift cards, from iTunes, Amazon and Walmart to Target, Chipotle, and Victoria’s Secret. While you can certainly buy these gift cards from respective outlets, you might not necessarily get the “right deal”. And this is important if you’re into buying and selling gift cards aka flipping. For the arbitrage to work and bring you good profit, you need to find the right place to buy US online gift cards at a low price. Buying directly from the outlet might not be a good idea.
Finding the Right Online Platform
Now, there are many online platforms out there where you can buy US online gift cards. Owing to the growth of this niche with more people flipping gift cards, a lot of platforms have popped up in recent times. The task is to find the right one that offers you the best deal. This requires you to do thorough research. It’s worth noting that gift cards that are more popular and highly valuable, finding them at a low price is going to be challenging. With these cards, a simple strategy is to focus on the quantity of the sales and not necessarily on the profit margin. If you manage to sell in large quantities, you can make up for the low-profit margin, pocketing a good sum.
Learn More about the Market
So, do proper research. Browse through different platforms and see the type of gift cards they are offering – and at what price. Even before that, gaining market knowledge is better. Learn more about the trends in this niche; like which gift cards are most valued, which ones come with a high profit margin, which ones would be a bad deal if you buy them, and so forth. Once you have a fair understanding of the existing market, and once you have found the right online platform, make your purchase of US online gift cards at a low price.
Focusing on the Next Part
Buying is only one part of the process. Once you have managed to buy US online gift cards at a low price, it’s time to find the right buyer. Who can you sell these vouchers at a higher price? This is another big task that, again, requires proper research. You can sell the cards on different online platforms or list them on the marketplaces.
For more help on selling, please read: 3 Essential Tips to Sell Gift Cards Online for Cash.
Once you have found the right buyer, get cash for gift cards and make your arbitrage successful and profitable.