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| How to make money on Amazon |
The FBA seller program works according to the following step-by-step scheme:
registration on the site;
purchase of goods;
delivery of goods to the Amazon warehouse;
sale of goods and sending them to the buyer.
At the same time, the activity of the seller in this program is limited to the first three steps, and all worries about the delivery of goods and resolving disputes with buyers are taken over by Amazon. In this way, you save a lot of time and can focus on marketing and promoting your brand, and, of course, earn your first million on Amazon. After all, it is precisely these amounts that calculate the profit of a competent seller who has comprehended all the intricacies of the business on Amazon.
How to make money on Amazon
To understand how to make money on Amazon, you need to turn to the facts. The effectiveness of any online platform is calculated by the percentage of conversion. If out of a hundred people who visited the site, only one purchased the product, the conversion will be one percent. If the conversion on the site has reached two percent, this is enough to recognize this store as a success. Conversion rates on Amazon are 10 times higher than usual, which means that the chances of selling your product increase by the same amount.
To increase earnings on the Amazon site, brand the product. Products with Private Labeling will not compete with other sellers on the site and your sales will increase significantly.
The more you invest in product design and quality improvement, the more buyers it will attract, and the faster your Amazon business will grow.
How to choose a product for Amazon
To start making money on Amazon and get real money, you need to choose the right product. There is a win-win strategy for sellers starting to grow their business:
Go to Amazon.com and browse products by category. Try to avoid products that may not be suitable for the buyer after delivery to avoid returns and complaints. Choose small and light items to reduce your Amazon fees. Look out for positive reviews.
Having picked up the goods, find a supplier in China and order the first batch. To earn as much as possible, create unique packaging and logo.
Register on the site, send goods to the Amazon warehouse, start selling and get your first earnings.
What are the benefits of Amazon
You can talk a lot about the convenience of the Amazon Internet site, but we are interested in how to earn a lot without investment. We will need investments only at the first stage, and everything else depends on how competently we will use the benefits of Amazon and sell the goods.
The most important difference between Amazon and similar trading platforms (such as Ebey) is the presence of the Buy Box program. This function accounts for more than half of the total sales on the site. With its help, the buyer on Amazon immediately puts the product in the basket without looking at other sellers. Therefore, you need to make every effort to win the Buy Box and increase your earnings.
The algorithm of the program that selects the winner among sellers on Amazon pays attention to parameters such as:
high seller rating;
low price of goods.
Consider these factors, constantly monitor competitors and study the business strategy of those who are already lucky enough to get this option on Amazon.
How to scale a business
If you want to start a successful business abroad while staying in Russia, and your choice has fallen on Amazon, do not stop at the initial stages of the program. Constantly increase the attractiveness of the product in the eyes of the buyer. This is the only way to achieve high earnings.
You can scale your business on Amazon in the following ways:
Collect as many reviews as possible about your product. It has been proven that for effective trading on Amazon, each type of product must have about 200 reviews.
Launch product advertising on the Amazon platform itself and other resources (Facebook, Vkontakte
Expand the product line with related products;
Improve product quality based on feedback;
Gradually bring your brand to warehouses in different countries.
So, we found out that selling goods on the Internet on the Amazon website is a profitable and fairly simple event.
You just need to understand what other secrets for developing a successful business exist within the framework of the program and whether they can be used. The Amazon for a Million project was created to show by example how to make money on Amazon and talk about all the steps taken in your articles and video blog. If you have any questions, we will be happy to answer them in the comments.
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