There are countless sellers making hundred thousand dollars or even millions selling products on Amazon. Most of them don’t even have their own product. They find a good product to sell, buy that product from somewhere else at an insanely cheap price and resell them at Amazon for a higher price. The best part is, you don’t need any degree or prior experience to make money as a seller on Amazon. I know few teenager who haven’t even passed their high school but are making thousands of dollars selling products on Amazon.
In this post, I’ll share you the complete guide to make money by selling products on Amazon. Even if you’re a complete beginner in this field, this is the right post for you!
What Can You Sell on Amazon?
What you can sell and what you can’t on Amazon is absolutely limitless. You can sell anything and everything from groceries to gold and more. The most selling products on Amazon are electronics, kitchen appliances, clothing, beauty products, household items, toys and more.
How Much Can You Make Selling on Amazon?
How much money you can make selling products on Amazon is also completely limitless. It mainly depends on the product you sell. How much demand the product has, how much profit you make selling each product and the number of sales you generate determines how much money you make. Depending on your product, you can make no money at all or even millions of dollars every single month. So, choosing a right product is the key to success while selling on Amazon.
Two Different Ways to Sell on Amazon
There are two main ways to sell your products on Amazon. The main difference between them is, who handles the shipping and storage of the products. Let’s see both of them one by one.
1. Fulfilled by Amazon (FBA)
With FBA, Amazon takes care of almost everything. Sellers can send their products to Amazon’s warehouses instead of keeping the product inventory at their own place and whenever someone places an order, Amazon will pack and ship the product on your behalf. They will also take care of the customer service and product returns.
Even though this method is so much convenient, you need to pay some fees for it. Many sellers find it worth the fee because it saves a lot of time and makes scaling a business much more easier. That’s why FBA is the most popular option.
2. Merchant Fulfilled (FBM)
With the Merchant Fulfilled option, the seller handles everything from storing inventory, packing orders to shipping and returns. Since Amazon isn’t fulfilling the orders themselves nor storing the products, sellers have to pay less fees compared to FBA. However, this also means more work, and it can be harder to grow your business into something bigger without Amazon’s support.
Both methods have their own pros and cons, so choosing the right one depends totally on the seller.
In this post, we will talk mainly about Amazon FBA.
How to Start Selling on Amazon?
To start selling on Amazon, first you need to create an Amazon Seller Account. It’s like signing up for any online account, but you’ll also need to provide your bank details so Amazon can send you your payments. Once you finish creating your seller account, you can start selling immediately.
Here’s how the process works in a simple step-by-step way:
- First, find a good product to sell.
- List your product for sale on Amazon (it includes everything from naming your product, uploading relevant images, writing product description and more.)
- Ship your products to Amazon’s warehouses.
- Amazon receives your products, unpacks them, and stores them safely.
- After Amazon receives your products, your product goes live on Amazon and is available for customers to buy.
- As Amazon is the one to pack & ship the product, your product gets the Prime badge, which means fast shipping for Prime members.
- Then, whenever a customer places an order, Amazon packs and ships the product to your customer on your behalf.
- If there is any issue with the product and customer wants to return it, then Amazon will take it back and store it safely.
- You need to wait atleast 30 days to get your first payout but after that you can get paid every 14 days.
That’s it! Amazon does most of the hard work, so you can focus on finding great products to sell.
Where Can You Find Products to Sell on Amazon?
- You can find any kind of products at a cheaper price on platforms like Alibaba. From there you can order products. It costs even cheaper when you order products in bulk. You can directly provide the location of Amazon’s warehouse so, you won’t have to worry about taking delivery of the product and sending it to the Amazon warehouse after that.
- Another way is to buy products directly from manufacturers or retailers near you and sell them for a higher price at Amazon.
- You can also sell used stuffs on Amazon, whether it’s clothing, electronics or something else, they sell really well.
- Other than that, you can also create and sell handmade art and crafts on Amazon. Handmade products sells a lot on Amazon for a higher price compared to other products.
Wrapping it up
Don’t think that you’ll list your product today and start getting sales from tomorrow. It takes some time for Amazon to understand your product before it starts recommending the product to people.
You can increase your chances of getting recommended more and ultimately getting more sales by using high quality images that clearly shows your product and by writing the product details properly including the product title and description.
Even though it takes some time to start making money, you can start this business with none to very less amount of money. So, if you can pick the right product to sell, no one except Bezos can stop you from making life changing money. If you don’t want to wait for a long time to generate sales and make money, then you can promote your product on social media to get sales much faster.
