Amazon which is one of the largest marketplaces in the world. This means there are many buyers looking for products. If you have a product or service that is useful and that many people would use. To start selling on amazon you must first visit the website at www.amazon.com. There will be a link that says selling on amazon you will want to go there.
There you will have the option to sell as a professional or individual. This is determined by how big your operation is. If your inventory is less than a hundred then choosing an individual is the best option. You will then be required to fill out some information about yourself to become an official amazon seller.
There are many aspects to consider when starting to sell on amazon. The first is identifying the product you wish to sell.
Setting a target price in the range of $10-50 is the best numerical number. These are things that aren’t a huge investment that are impulse buys on the internet. Finding an item that is easy to ship and that will not require special handling or high shipping fees. Try to avoid items that are seasonal due to this only being popular during certain months. You then must find the niche that you desire. There are many great ideas on the internet.
Amazon is a great place to start because you will need as little as $100 to start. By choosing an individual account you will not have to start with a huge upfront of inventory. This is great to experiment products to see how well they will do in the marketplace. There are no fees like there are on eBay.
The marketplace continues to grow and many people are benefiting from this. From small individuals to huge companies. If you can find a niche that is hot you can make a great return. The fee to use the professional account is $39.99 per month which is incredibly cheap. For the individuals they charge .99c for each item sold. Therefore if you’re profiting $5 per item you will have to pay amazon .99c. Your total earnings would be $4.01.
There are many websites where you can find great deals when buying bulk. These will also help you determine how many of those items have sold. The items that are selling the most are the winning products. Choose winning products because these are the ones that people are buying. Alibaba is a site where you can find these winning products.
Amazon FBA coaching is essential when starting. This Amazon FBA coaching will teach you the tricks to the people who are making outstanding money. This coaching will not only optimize your sells but put you at a whole other level. Private labeling is the new thing right now that is making money for tons of amazon affiliates. Competing with these huge names can be difficult and selling similar merchandise will be a losing product. Finding new items that are exotic and different will separate you from these big name companies.
Advertising your products is very important. Utilize social media because here is where most of this impulse buying occurs. Use facebook ads or instagram posts to advertise your products. Lastly by implementing the FBA coaching will not only raise your sales but put you to the next level. There is a lot of competition but don’t let that scare you. There are hundreds of winning products.