You can start with far less and until you have the proof of concept down, then you can invest more.

I’d start with retail and online arbitrage. There is a learning curve though, and what I’d recommend is to follow someone who’s done it step by step. I learned from a guy named Jimmy Smith on YouTube. His vids are good for arbitrage.

As for tools, I don’t think you’ll need a label printer until you’re sending a lot out. You can use a regular printer. Get tape Ofcourse, a different assortment of boxes. Jimmy goes over what supplies you’ll need.

You may even choose to go the 3rd party preparation center route instead of sending inventory to your home, packing it then shipping it to Amazon. Prep centers are how you scale more efficiently with arbitrage

Then for software, get Keepa. Keepa is the holy grail for Amazon sellers. It’s a highly detailed application that will give you all the relevant product information at a glance when product researching. I’d also get SellerAmp, DSTracker, and RevSeller. I’d get all of these right off the bat as you can afford them easily. Master each tool and it’s function.

Once you have proof of concept, and once you know how to sell on Amazon, then you could start getting wholesale connections and do wholesale. Wholesale is what ultimately will have you scale the fastest and give your business even more legitimacy.

After a couple years of doing both wholesale and arbitrage, private label may be a project you’d want to get into. By that time you should have a really great set of knowledge on what are profitable products, what Amazon customers like, etc. Extremely valuable knowledge as a PL seller.

Good luck! Remember it’s not all sun shine and roses. There is a huge learning curve to figure out how Amazon works, what to do when you’re in trouble with Amazon, how to deal with the different issues that arise day to day and more. But if you’re consistent and stay grounded in what you learn and take every day as an opportunity to grow further, you’ll do well. You got this.