Amazon Online Arbitrage Product Researcher

*****ABOUT AMBIENT SOURCING*****

Last year we paused our $mm Amazon Arbitrage business and now we’re rebuilding our team from the ground up! Here at Ambient Sourcing we have tried and tested processes and procedures that took the company from $0 to $4mm across the UK, EU and US so this is not new for us.

We have an awesome set of tools and service providers to help the team reach their full potential and are always looking for ways to improve. Team members are given the freedom to source whatever and wherever as our account is ungated to many brands.

We believe that our business needs to be innovative and creative in order to thrive, and we think it’s important to provide an exciting and vibrant place to work. Culture is the driving force to our success and feeds into every aspect of what we do. It’s fast paced, growth oriented, data driven and competitive. Our team runs on systems we’ve developed over the years and sticks to a set of standard procedures, meeting rhythms, and goal & objective setting.

At Ambient Sourcing we believe in creating opportunities for the team members who join meaning we always look to promote within.

But we admit we’re not for everyone. We’re successful because we have high standards, work hard, and hire smart people with strong critical thinking skills – people who are honest and confident enough to say “I don’t know – BUT I’ll find out!”. Your time here will be fast paced and we will depend on you to deliver results. But the rewards are plenty, and include a generous bonus program.

*****ABOUT THE ROLE*****

A Product Sourcer is responsible for providing a continuous flow of high quality deals to their Purchasing Manager. They work as part of a team by understanding the company’s, and team’s, goals then sourcing deals that align with these goals.

Product Sourcers deliver results through the profit of the deals they source not at time of purchase but, when they sell.

Deal sourcing is a main lever for maintaining and growing the business and therefore a Product Sourcer will need to be adaptable as the market, and business, evolve. They will work closely with their team to decide what and when to source but are given plenty of freedom to achieve their goals.

Product Sourcers who identify themselves as wishing to advance in their career are eligible to progress to the role of Assistant Purchasing Manager and take on leadership and managerial responsibilities. This is a stepping stone to becoming a Purchasing Manager.

*****RESPONSIBILITIES*****

Sourcing Strategy – Create a sourcing strategy that meets business requirements
– Create a Daily Product Sourcing Plan
– Consider various criteria in searching and choosing products, including competitor data, sales data, market/consumer trends, buying behaviour, associated risks, and overall business environment (such as pandemic)
– Create product mix strategy, considering stock levels per peak seasons, special events, and supplier lead time
– Submit required good deals based on defined periodic target to achieve required weekly spend target

Data Analysis – Provide reviews by keenly analysing data to find best product
– Search, analyse, and evaluate online suppliers and their product categories/ product range, in line with the company’s profit and sales targets as well as budget
– Analyse profit performance of products and evaluate profitability trends as well as pricing strategy, using various tools such as Keepa and SAS
– Track and analyse trends on products consumption

Achieve Profit Target
– Through the sale of the deals you found, which were purchased and resold, achieve the weekly and monthly Gross Profit targets for the product researcher role, as per the company’s requirements
– Other related tasks in support of business operations

*****RESULTS*****

– Weekly spend target achieved
– Weekly estimated gross profit target achieved
– Weekly actual gross profit target achieved
– Variance on estimated sale price vs actual is minimised

*****REQUIREMENTS*****

Experience
– Proven desire to become successful a Product Sourcer (courses, training, videos etc are all proof)

Competencies
– Creative Thinking/Innovation
– Integrity
– Continuous Learning
– Collaboration/Teamwork
– Interpersonal Skills
– Planning Skills
– Time Management
– Results-driven
– Proactive
– Analytical and Problem-Solving Skills, including Data Analysis
– Communication Skills (fluent in English – spoken and written)
– Research Skills particularly online search
– Strong attention to details
– Technology Skills – Google Suite, MS Excel, Slack, Google Meets

Tools
– Desktop/laptop – computer specs:
– Processor – i5 or higher
– RAM – 8 GB or higher
– A fast and stable internet connection (at least 15 MBPS) and with a back-up internet (eg pocket wifi)
– Headphones
– Web camera
– Quiet and professional workstation

For your application to be considered, please answer the following questions:

1. How many months of experience do you have in Product Sourcing for Online Arbitrage/Wholesale?
2. In which Marketplace is this experience?
3. How much Profit per day were you providing and what was is the deal criteria?
4. What is your favourite sourcing technique and why?
5. The profit and ROI of a deal look good but it’s a heavy (5kg) item. What must you do to evaluate if this is a good deal or not?
6. What’s your superpower? (What makes you better than anyone else when doing a task)
7. Tell us about a time you used creativity in your day to solve a problem

Thank you! We look forward to receiving your application!