Working from home using Amazon can be much better with faster and bigger profits, as Amazon has 100 times more customers than eBay. But Amazon is additionally very committed to its product category. Amazon expects you to be knowledgeable in the category of products that you only sell on Amazon. Amazon additionally tolerates errors less. While eBay is more tolerant of mistakes. That’s why only a handful of merchants sell on Amazon, which indicates less competition. And so the competition is even less if you apply and get approval to sell one of the gated categories such as automotive, jewelry, goods, clothing, etc.
First of all, most of the products sold on Amazon are sold by other online merchants, at least Amazon does not own any products. Amazon provides a web platform for merchants around the world to promote and sell their products using Amazon’s Internet site, with out-of-pocket costs ranging from 7.5% to 15%.
There are two ways to sell on Amazon:
1) Merchant Completion is where you send your product either from your store or from the completion center of another internet site, such as: Walmart.com, eBay, etc. , Only your supplier does. Using this method, you will first get your money, then buy goods for your customer. A safe way to earn money. However, Amazon only pays every 2 weeks. Therefore, every 2 weeks you get a refund, as well as a profit. Compared to eBay, you get your money instantly for the purchase of this product, and when your order is fully completed and delivered to your customer, the rest of the money is yours. As a net profit.
2) The FBA (Amazon Completion) is where you look for a manufacturer’s or manufacturer’s outlet stores to collect new products in dollars. During this process you get the most significant profit margin, under which you buy for $ 1 or less, then sell for $ 5 to $ 10 or more. It costs 5 to 10 times more than what you bought, then you send it to Amazon’s warehouse and let Amazon advertise, sell and deliver the product to its customers. You don’t have to do anything but keep inventory available on Amazon. Very little work on your part, especially if you send your product to your manufacturer’s warehouse on Amazon and much more. Some will even give your branded label a product for you for a small fee. In some instances, you will probably send it to your facility (or home) then you will pack the product, or bundle the product to make a product. Then send this product to Amazon’s warehouse. Combining multiple products together makes it difficult for your competition to replicate your product exactly. Thus, further eliminating the competition. For example, you might sell a group of pizza pans with a pizza cutter during a bundle.
Finding manufacturers is relatively easy, just find the product UPC Universal Product Code on it Product Packaging on it (not the Universal Product Code of the store which is usually a sticker of UPC code stuck with the packaging through the store Is). The Universal Product Code is followed by the manufacturer (or manufacturers distributor) address and telephone number. Just call this telephone number and invite the minimum order quantity and hence the price per unit. If you order directly from the manufacturer, you will have to buy in bulk, but remember that you are buying these products for dollars, yet you can buy 500 of them at 20 cents. Have to do Each one, for example, costs you only $ 100. And if you sell them for $ 10, you only earn $ 5000 while spending only $ 100 on products and $ 3 on Amazon Commission Fee + Handling Fee, you are still earning a profit of $ 3400. ۔
Using manufacturers’ outlet stores such as Dollar Tree, Dollar General, 99 cents Max, Five and Down, Topper Liquidator, etc., you will first purchase a small number of these products and see if they are available through the FBA. How well they sell on Amazon. . And if they sell well, then order in bulk from the manufacturer. That way you’re only spending a few bucks to check product sales on Amazon. Tons but $ 100 mentioned earlier. But manufacturers will spend a little more than the price of the product per outlet stores. Usually around $ 1 or less each, sometimes more. Count on which manufacturers outlet stores patronize you.
Useful tools to get:
“ASINspector” can be a valuable tool you will find online that will help you find the products that sell the most during the category name given on Amazon. But the tool also works on eBay, Walmart and other online stores. The results are being compared to Amazon when it comes to sales volume, pricing and profit margins. This tool will even advise you on the simplest sources of a given specific product. Also other market studies such as past and present sales trends. This tool measures many of the best market parameters.
You can even sort and filter these sales volumes and gross profits to maximize, or minimize. Using this tool, you will find that Amazon’s prices are lower and they sell more on eBay, so in which case you would like to source from Amazon and sell on eBay. But if it sells less on eBay and better on Amazon, then you want to source from eBay and sell on Amazon. But don’t always assume that eBay or Amazon prices will be simple, because sometimes Walmart or other online stores do.
This article was produced by Muhammad Bilal of Wire Media!