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Work from home using Amazon

Working from home using Amazon is a much better way to earn faster and bigger profits because Amazon has a 100x larger customer base than eBay has. But Amazon is also much more restrictive in its product categories. Amazon expects you to be a professional expert in the product categories you sell on Amazon. Amazon is also much less tolerant of bugs. Where eBay is much more tolerant of mistakes. This is why there are very few merchants selling on Amazon, which means there will be less competition. And the competition is further reduced if you apply and get approved to sell one of the closed categories like automotive, jewelry, luggage, clothing, etc…

AMAZONIAN products:

First of all, most of the products sold on Amazon are sold by other online merchants, Amazon owns almost no products. Amazon simply provides an online platform for merchants from around the world to list and sell their products using the Amazon website, while pocketing 7.5% to 15% commissions.

There are 2 ways to sell on Amazon:

1) Merchant Compliance is where you ship your products from your store or from another WEB site fulfillment center, like: Walmart.com, eBay, etc… In this method, you never have to handle any products, only your supplier does. . Using this method, you will first get your money and then buy the product for your customer. A much safer way to earn income. However, Amazon only pays every 2 weeks. So, every 2 weeks you get your money back, plus profits. Compared to eBay, you get your money for the purchase of that product right away, and when your order is fully fulfilled and delivered to your customer, the rest of that money is yours to keep as pure profit.

two) Fulfillment by Amazon (Fulfillment by Amazon) it’s where you look for the Manufacturing or Manufacturers outlet stores to pick up new products for pennies on the dollar. In this method, you make the highest possible profit margins, so you buy for $1 or less, and then sell for $5 to $10 or more. Which ends up being 5-10 times more than what you bought it for, then you ship it to the Amazon warehouse and let Amazon advertise, sell and ship the products to your customers for you. You don’t have to do anything other than keep inventory in stock on Amazon. Much less work on your part, especially if you can have your manufacturer ship your products directly to the Amazon warehouse for you and many do. Some will even put your brand label on that product for you for a small fee. In some cases, you can ship to your facility (or home address) and then package that product, or a bundle of products to make a product. Then ship that product to the Amazon warehouse. Bundling multiple products together as one product makes it more difficult for your competition to copy your product exactly. Thus, further eliminating the competition. For example, you can sell a pizza pan set with a pizza cutter in a bundle.

Finding manufacturers is relatively easy, just look for the product’s UPC barcode on the product packaging (not the store barcode, which is usually an additional label with the UPC code affixed to the product packaging by the store). . Next to that barcode is the address and phone number of the manufacturer (or the manufacturer’s distributor). Just call that phone number and ask for the minimum order quantity and cost per unit. If you’re ordering directly from the manufacturer, you may need to buy in bulk, but remember you’ll be buying these products for pennies on the dollar, so even if you have to buy 500 of them at 20 cents each, it’s only going to cost you $ 100, for example. And if you sell them for $10, you’ve just made $5000 while spending only $100 on the products and $3 in Amazon commission fees + handling fees, you’re still pocketing $3400 in net sales profit.

Using the outlet stores of manufacturers such as Dollar Tree, Dollar General, 99 Cent Max, Five and Less, Topper Liquidator, etc., you can purchase a small quantity of these products first and see how well they sell on Amazon through Fulfillment from Amazon. . And if they sell well, then order wholesale from the manufacturer. This way, you are only spending a few dollars to test marketing a product on Amazon. Much less than the $100 mentioned above. But the manufacturers’ outlet stores will cost a little more per product than the manufacturers cost. Usually around $1 or less each, sometimes more. Depending on the manufacturer’s outlet store you buy from.

Useful tools to acquire:

“ASINspector” is a valuable tool you can find online that will help you find products that are the best sellers in a given category name on Amazon. But this tool also works on eBay, Walmart, and other online stores. The results will be compared with those of Amazon in terms of sales volume, prices and profit margins. This tool will even advise you on the best sources for a given specific product. In addition to other market studies such as sales trends in past and current times. This tool measures a large number of market parameters.

You can even sort and filter these sales volumes and gross profits in order from high to low or low to high. With this tool, you can find that Amazon has the lowest prices and eBay sells the highest, so in that case you want to source from Amazon and sell on eBay. But if it sells lower on eBay and higher on Amazon, you want to source from eBay and sell on Amazon. But don’t always assume that eBay or Amazon will have the best prices, because sometimes Walmart or other online stores do.

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