Did you know that Amazon is not the seller of everything on Amazon? Did you know that ordinary people like you and me can sell physical products on Amazon? This opportunity has been around for a while, but it is becoming very popular right now due to educational courses that are popping up everywhere.
There are three ways you can sell physical products on Amazon: sell other people's products on Amazon and ship the orders yourself; sell other people's products on Amazon and let Amazon ship and sell your own products on Amazon and let Amazon ship them. The first way is called merchant fulfilled. You list your merchandise on Amazon's website, but you actually fulfill or ship the orders yourself. The last two ways are called FBA.
Merchant fulfilled may be the easiest way and least costly to get started, but it is a lot more work. You list your products on Amazon's site. When the products are bought you are responsible for actually shipping the products to the buyer. You can even sell things that you have around the house using this method.
You can also use FBA to sell other people's products. In this case, you go to the store and find things that are already selling on Amazon, purchase them, put your own unique UPC label on the product, pack it, create the listing, ship it to an Amazon warehouse and wait for the buyer. There are smart phone apps that you can use to scan products before you buy them to help you determine if you can make a profit. If you like to shop, are good at finding bargains and can ship a box, then this may be the business for you. The other great thing about using FBA is that your products are eligible for the Amazon Prime program. People who participate in this can get free 2 day shipping. Many people are willing to pay a little more for a product for this convenience.
The second way to use the FBA program is to actually sell your own products. You find a product that you can sell, find a private label manufacturer, create your own brand and sell you product. This is the most lucrative of the ways to sell on Amazon; however, it requires more capital up front. Also, it is more risky because you have to order inventory.
As you can see selling on Amazon is definitely something that you can do to earn extra income or become your full-time business. If you are looking to start an online business or you want to add an additional income stream to your existing online business than you should definitely consider FBA.
0 comments