How To Make Money on Amazon Before You Start Selling
Selling products on Amazon can be an extremely lucrative business. There is a huge market on Amazon with a lot of room for more sellers, more products, and more competition. Amazon FBA is especially cool because of the integrated platform, and all of the advertisement possibilities. As well as the fact that they handle a large portion of the headache of distribution.
Amazon is a huge marketplace that already has a huge user base. This means that there are countless numbers of people actively searching for products already at any given time. If used correctly, Amazon can provide all of the traffic that you will need to have a successful and profitable Amazon business. Nine University
has an awesome video
about how Amazon can work for you. And even how to make money on Amazon before you even start selling.
First Things First
The first thing that you will need to do when you start as an Amazon FBA seller is some product research. Even if everything else is perfect, you will not sell enough to make a good profit if you do not have the right product. There are several ways to perform product research. But if you are overwhelmed, a great place to start is in the Amazon search bar.
To use this method, all you have to do is begin typing into the Amazon search bar. After you type a letter, you will see autofilled items begin to appear. You can begin to narrow your research by adding additional letters. This will give you an idea of popular products that are searched often. Additional research should be done to check the competition for that product and other factors.
Check for Suppliers
After you have found a product that seems like something that you would be interested in selling, you should do a little bit of digging to find some reputable suppliers. You will want to make sure that you are able to find a supplier that can consistently provide the product. As well as make sure that the manufacturing does not change
How to Make Money Before You Start Selling
This next step is the real way to make money before you ever even launch your product. Your profit margins depend directly upon your wholesale price. Negotiating with your supplier for the lowest possible price will ensure that you have the most money in your pocket before you ever start making sales. People who are extremely successful sellers on Amazon will negotiate with suppliers until they reach an absolute bottom-dollar price. This is crucial. It will determine your profit margins and greatly increase your ROI (return on investment).
Do Not Stop There
Even if you begin to do extremely well and become profitable, you should always negotiate with suppliers. If you sell a product for a long time, you might even try to use that fact as leverage to get a lower cost later down the road. If you decide to launch more products, negotiate for those as well. This is a trick that can save you thousands of dollars and boost your ROI every time that you do it successfully.
Project Nine University
Amazon selling can be very profitable if you do it right. There is, however, so much information about the best ways to make it actually make money for you. The folks at Project Nine University
have learned a lot of things the hard way and are excited to share what they know to get your Amazon business up and going. If you are thinking about starting an Amazon business, check out their website here. You will not regret it.