Quit the 9-5 and Make Money from Your Couch with Amazon FBA

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Quit the 9-5 and Make Money from Your Couch with Amazon FBA

For those with an entrepreneurial spirit and a desire to bring in the big bucks, Amazon FBA is the perfect option. With the right steps in mind, you can build up your business to bring home as much profit as a full-time job (and then some!).

Why Sell with Amazon FBA?

Amazon’s “Fulfilled by Amazon” (FBA) service is a top choice for those looking to start a small business online, and it’s not hard to see why.

Passive Income

Perhaps the biggest benefit of selling on Amazon is making money without doing any work.

Of course, you’ll need to do some work to get things off the ground. But once you establish a stable business, you can sit back and let the paychecks roll in without lifting a finger.

This is particularly true for Amazon FBA sellers, who can have their inventory shipped to Amazon’s warehouses without storing or packaging anything.

Amazon is the biggest online marketplace in the world, which means there’s no need to hunt down customers yourself – they’ll come to you. According to Amazon, around 300 million customers shop on the platform worldwide. 

Be Your Own Boss

Because you can sell as an individual on Amazon, you’ll be your own boss. You can pick when you work, how you work, and what you do.

Control Your Schedule

Need some downtime as holidays approach or want to travel the world? No matter your needs, you can customize your Amazon FBA set-up to match. 

5 Simple Steps to Make Bank with Amazon FBA

1. Choose Your Business Model

While you can choose to private label or create a new product to sell on Amazon, one of the easiest ways to get started is to buy in bulk online as you build your inventory.

Private labeling is similar to wholesale buying but with extra steps. When you purchase your products via wholesale merchandise, you can skip the manufacturing process and have your shippable products delivered right to Amazon.

2. Pick the Right Products

It’s important to be mindful when selecting your products. Don’t just sell anything you can get your hands on. Try to establish a brand for your business and sell products that make sense.

3. Do Your Homework

Product research is vital. You’ll want to look for options with a decent search volume but low competition. This can help you maximize your return on investment without getting drowned in a sea of other listings.

Many tools can help you look for things like Amazon keywords, product search volumes, the volume of products sold, etc. 

We recommend a tool that allows you to compare listings and view how much money your competition makes so you can get a feel for demand and return.

4. Take Care of Logistics

There are some technical details to pay attention to as you get started. For example, to create an Amazon seller account, you’ll need a valid form of identification, such as a driver’s license or passport. 

You’ll also need to reside in one of the 188 countries from which Amazon allows people to sell. Most countries fall under this umbrella, but it’s a good idea to double-check that you’re good to go.

5. Engage With Customers

Make sure you do right by your customers to keep them coming back. Respond to reviews, answer customer questions, and record what people say about your products. 

You may even consider using social media to build your brand and drive traffic to your listings.

Quick Tips for Selling on Amazon

Below are some more critical things to keep in mind as you prepare to sell with Amazon FBA:

The marketplace on Amazon is constantly changing. To stay ahead of the game and adapt your business to stay afloat, pay attention to what’s trending and on the rise.

DON’T: Do Too Much

If you stretch yourself too thin with a ton of products or a high volume of inventory, you might end up sinking your money into things that don’t work out.

DO: Scope Out Competition

Keep an eye on what your competition is doing right so that you can implement changes to your own listings.

DON’T: Ignore Feedback

No one likes to hear criticism, but it can be a valuable way to improve. Take care to read through bad customer reviews and respond with a solution. Learn from what works and what doesn’t.

Final Thoughts

When all is said and done, the best way to turn a serious profit on Amazon is by putting some time and effort into staying ahead of trends, giving customers what they want, and being smart about what you sell.

At NexDeal Distribution, we’re proud to offer a wide range of daily wholesale deals to help you take your Amazon business to the next level. You can also download a complete list of our inventory to find more options that will set your listings apart from the rest. 

Contact us today to learn more about our process!