Did you know that more than 197 million people browse Amazon each month? It’s no secret that Amazon is booming.
Working a 9 to 5 job is not for everyone. If you’re tired of working a traditional desk job reselling on Amazon may be the perfect fit for you and your family.
There are over five million marketplace sellers on Amazon and you could be one of them. Read on to learn about how you can work from home by reselling on Amazon.
How to Make Money on Amazon
The earning potential on Amazon is huge. More than 50 percent of Amazon sales come from third-party sellers.
Fulfillment by Amazon (FBA) is Amazon’s fulfillment program. Sellers can store their products at an Amazon fulfillment center and then Amazon packs, ships, and provides customer service for the products.
Operating your business by using FBA can help scale your business to reach more customers.
Fulfillment by Amazon can help you, and your business, save time and money. Perks of FBA include:
Your products are eligible for Amazon Prime free shipping.
Your customers receive Amazon customer service and returns.
You are not held to product inventory minimums.
You pay as you go. FBA charges you for their storage space and the orders they fill.
Get Started Reselling on Amazon
It’s easy to make money selling on Amazon. To get started you need to sign up for an Amazon Seller Account.
Once your seller account is created, tell Amazon what products you are going to sell. Next, Amazon will tell you which fulfillment center to send your products to. They will provide the shipping label for your goods in the seller portal.
Now you are ready to resell on Amazon! You can sell new or used goods that you manufacture or buy wholesale.
Remember, FBA does come with some fees. Fulfillment fees are determined per unit based on product size and storage fees are calculated by the cubic foot. But these simple fees will make your life easier so you can focus on your business.
Tips for FBA Success
In order to be successful, there are a few easy tips you can learn to maximize your profits. Start with choosing a low competition product that has high margins.
If you sell a high competition product, offer it at a low price in order to boost your sales and visibility. You should also make it a priority to sell quality products in order to get good reviews.
Once you have your product strategy in place you need to create an inventory strategy. An easy way to do this is to work with a wholesaler.
Make FBA Easy with a Wholesale Supplier
If you are looking to start reselling on Amazon but you don’t manufacture any goods, you need a wholesale supplier.
What is a wholesaler? A wholesaler is a person or company that sells goods in large quantities at low prices. They are crucial when it comes to supplying your business.
Working with a wholesaler can help you grow your inventory quickly. Learn more about FBA wholesalers.
With the above tips and tricks, you are ready to start reselling with FBA! Start selling on Amazon today.