![]() ![]() As popular as e-commerce is, it’s a given that there will be other sellers with similar products. There’s always going to be competition on Amazon, and the quicker you get into it, the better. If you go private label, Amazon handles storing, shipping and returns, which is also a huge benefit and time-saver for sellers. You can incrementally invest in your business without going “all in” at once. Wishing you had a business and starting one are two different things.Īlthough you should consider product seasonality, there is no wrong time to start selling on Amazon. I’ll always say it’s better to start on Amazon now, learn from your mistakes and keep iterating. You don’t need to wait for the 'perfect time' to launch your product. When you’re building a traditional business, it can be difficult to commit a few hours or go “part time” without sacrificing its growth.ĥ. What’s nice about Amazon is that you have the flexibility to make it whatever you want. You’ll need to keep up with competitors and watch out for hijackers. To do well, you have to be willing to do the work. Amazon is a long-term game of educating yourself on new, evolving topics and staying on top of changing policies. That said, most Amazon sellers agree that Amazon is not a get-rich-quick tactic. ![]() You can have an Amazon business as a side hustle or a way to earn extra cash or even transition your venture into your full-time job. That’s a little less than an hour and a half a day. Our research found that 39% of Amazon sellers spend fewer than 10 hours a week managing their Amazon business. ![]() If you focus and set realistic goals, working on your business shouldn’t feel overwhelming. You don’t need to live and breathe Amazon to be successful. Follow the demand, and you’ll win the customers.Ĥ. You don’t have to be original or unique with your ideas, but you do have to pursue a product with enough demand. Drop-shipping allows you to buy existing products from a supplier and then have the product shipped directly to the customer. In addition to arbitrage, you can buy bulk products from a supplier to resell with wholesaling. These avenues allow you to leverage existing products on Amazon. There are other methods to be successful, including arbitrage, wholesale and drop-shipping. You don’t need to invent your own idea, either.Īlthough private label Fulfillment by Amazon (FBA) is the preferred selling method for 67% of sellers on Amazon, it’s not the only way to make it. It may not be something that’s ever been on your radar or even the subject of your dream company, but it could build the foundation for a profitable business.ģ. The goal is to find a product with high demand and low competition.įinding a product on Amazon can surprise you. That’s why I created my company: to help entrepreneurs “greenlight” a product with real metrics and, as a result, make data-driven decisions for their businesses. Maybe you don’t consider yourself much of a chef, but you see mason jars for canning have potential on Amazon. It’s OK to not have a strong affinity for your product, either. Look for products that have promising patterns of sales. You may think an opportunity could be a gold mine, but competition may be too saturated, or the product may not be in demand. You should sell something that has the data to back it up. You don’t need a product idea to get started. And in the grand scheme of things, it’s a smaller financial commitment than building a business concept from the ground up.Ģ. Consider it your “token” that lets you play the Amazon game. ![]()
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