This is a really great passive income model and success marketers are making hundreds of thousands per month and more from this. The concept is a simple one – you find out which products are selling well on Amazon and then source your own to grab a slice of the sales.
To be honest there are a lot of factors that you need to consider when choosing a product to sell on Amazon. You will probably be sourcing the product from China or somewhere else in the world so you need to take into account the weight of the product for the shipping costs.
It is not advisable to sell electronics. These items have a habit of becoming damaged when they are being shipped and the last thing you want is for customers to pay for goods that don’t work. It is always best to keep it simple.
Go through the popular categories on Amazon and note the ones that are selling well. There is a plug in for Google Chrome that will show you the Amazon “Best Seller Rank” and this is helpful for your product research. You can buy premium software that will help you to find product opportunities as well.
With Amazon FBA you will need to ship products to the Amazon warehouse with your branding on them. Amazon will charge you to fulfill the customer orders that you receive. They will handle customer service issues on your behalf.
Amazon is the world’s largest marketplace and you can sell your products in America, Canada, the United Kingdom, Europe, Australia and elsewhere. It is a massive opportunity to make great passive income.
You will need to be in control of everything from sourcing the product to shipping and monitoring inventory levels. Having your product “sold out” may sound exciting but it is frustrating for the customers who want to make a purchase.
You will need to write a compelling product page for your products. If you are concerned about this then you can outsource the task to a good copywriter. You will also need good keywords in your title and description so that your listing will appear in Amazon searches.
Amazon FBA is an exciting business to be involved in and it has a lot of potential. There are a number of things that you must learn before you get started to minimize your chances of failure. You will need to invest in your first batch of product to test the market.
Main Reason to Choose Amazon FBA
The money making potential is unlimited
– Amazon is the world’s biggest market place and millions of people like it and trust it. If they like your product offering then they will buy it. You can rinse and repeat and have several products listed.
Biggest Drawback with Amazon FBA
You will need to make an investment in the business
– unless you produce the products that you want to sell yourself then you will need to pay the supplier for a test market quantity of say 500 units. This can run into thousands if the product is expensive to buy.
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