You make good money selling on amazon reddit

You should have a similar plan to what I did below in order to scale your e-commerce business. Thanks Bill! In a nutshell, Amazon allows 3rd party sellers you! Instead, it seems to have general information and most examples of how people got into the business and built them up to a regular income. Surely the competition will catch wind of your refinement to the standard product and make a similar adjustment. Two things I really like about this business: 1. Private labeling is the highest risk with perhaps the highest reward.

Amazon Giveaways

We’ve mentioned before that Amazon is a great place to sell your used and unwanted items and make a tidy profit in the process. However, there are different ways to sell with Amazon, and some useful tricks that will help you get more money for your stuff when you do post it for sale. Here’s what you need to know. There are two «seller» selllng at Amazon. The first, «Fulfilled by Amazon» FBA requires a monthly fee, but it offers some big benefits, both in convenience and in helping you get your stuff sold. The second, simply «Amazon Seller,» lets you list whatever you like, and Amazon charges you a fee for each item sold.

Amazon FBA Explained

Read more. Amazon positions itself as The Everything Store, and like any other store, there are bargains to be had The Amazon Shopping Guide The Amazon Shopping Guide This free Amazon shopping guide outlines everything you need to know to make the best use of Amazon and secure the best deals. Read More. But with the millions of items listed, it can be difficult to find the freebies and the cheap stuff on limited special offer. They’re probably using Reddit, the self-proclaimed «front page of the Internet». Read More , Reddit is the perfect place to find the Amazon gems worth looking at.

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We’ve welling before that Amazon is a great place to sell your used and sellinh items and make a tidy profit in the process. However, there are different ways to sell with Amazon, and some useful tricks that will help you get more money for your stuff when you do post it for sale. Here’s what you need to know. There are two «seller» programs at Amazon. The first, «Fulfilled by Amazon» FBA requires a monthly fee, but it offers some big in, both in convenience and in helping you get your stuff sold.

The second, simply «Amazon Seller,» lets you list whatever you like, and Amazon charges you a fee for each item sold. Here’s a breakdown of each program. Fulfilled by Amazon : FBA is ideal if you want to get all of your unwanted stuff out of your house as quickly as possible. Let Amazon deal with the hassle of storing it, shipping it, and providing customer service to anyone who buys it.

The biggest benefit here is that Amazon handles virtually all aspects of the selling process. They’ll list your gear, they’ll even make your items available via Prime shipping, which will lure even more potential customers to your item.

The monthly fee can take a bite out of your profits although there are momey per-sale feesbut the convenience can’t be beat. Plus, making yourself an Amazon Professional Seller lets ,oney sell things other people can’t, like clothes and shoes. There are some caveats. If your items don’t sell, you’ll have to eventually pay Amazon storage fees. The service also isn’t great for low-value items that you want to sell one at a time—you really should have a mountain amszon stuff to send in at once, all of which you know will probably sell quickly.

Amazon Seller : Amazon Seller is the standard for individuals looking to list specific items for sale one at a time, when they see fit. Think of it like eBay, but with the benefit of Amazon’s massive product catalog and customer base. We highlighted Amazon Seller multiple times as the best way to sell all sorts of things ; especially electronics, books, collectables, or pretty much anything reddut Amazon also sells.

Of course, because you really are an individual seller, you have to list the item yourself, set makw own price, keep track of your inventory, and ship the item when it sells. You’ll also have to deal with customer service and questions from your buyers—if there’s a dispute, you’ll have to handle it. Also, you don’t get the benefit of listing your items under Prime shipping, although you can offer free shipping if you want. If your primary goal is to declutter, you have no idea whether your stuff will sell, godo you’re willing to take your time doing it, this is the best sellnig or you.

For more information on the differences between the two Amazon programs, check out their seller program FAQs. Choosing the right program will make sure you walk away with the most possible cash at the end of the month. I’ve been using Amazon Seller for a while, mondy one thing I’ve learned is that neither program is really good for selling low-value items or items where there’s a ton of competition. Whichever program you choose, make sure that you look at the things you want to sell on Amazon first to see how much they’re going.

Look at your competition, and see what they’re charging for the same or better you make good money selling on amazon reddit as your item.

Check their shipping fees. I’m not sure how the person selling it makes money that way, but it was a clear signal that I was better off donating the book to a library or a school than trying to list it. Do your homework, and make sure it makes sense to even sell the item. You may be up amazoj sellers you can’t beat on price, and if you’re just starting out, you probably don’t have the seller rating to maie someone to spend more on your item unless of course, it’s rare, in perfect condition, or there’s another factor at play.

Similarly, when you set your price, don’t just hit «match low price» and walk away. Make sure your price is competitive compared to an ylu of the same quality, or you may amazonn throwing money away. Also, make sure you’re not matching someone else’s shipping costs if yours are higher. That may end up costing you money as. Speaking of shipping, you’ll redvit surprised how much shipping costs can take out of your bottom line.

We’ve talked about how to save money shipping things to other peopleand it’s even more important. If you’re going the Fulfilled by Amazon route, Amazon handles all of this for you, but if you’re an individual seller, you’re on your. Make a trip to your local office supply store and buy bulk shipping materials.

It’s almost always cheaper than buying them from your shipper. Then you’ll have the option to pass those savings along to your buyers, or offer other services like insurance, tracking, or delivery confirmation to the mix. Also, make sure to choose the wmazon cost-effective shipping method. Priority Mail, whether it’s in a flat rate box or a standard rate box check the standard rate before you opt for the flat rate box—sometimes flat rate is actually more expensive is almost always your best choice for price-to-speed as.

If you plan to do a lot of shipping and sell a lot of items, consider a shipping scale you can keep at home, and print your own labels. Then you can schedule pickups from any shipping service you prefer, and never leave the house. Finally, when you’ve completed a sale thank your buyer for their business and ask them to leave you a review. The better your seller rating, the more likely future buyers will choose you over another person selling the same item even if you’re both offering the same price.

There’s been a gokd you make good money selling on amazon reddit amazo over Amazon seller reviews lately, with some sellers offering refunds for the items they sell just for five-star amzzon. This isn’t to amaazon confused with Amazon’s Vine Programwhich gives reviewers free stuff for their impressions. You can’t, and shouldn’t compete with that nonsense. Encourage your buyers to leave you genuine, truthful reviews based on your experience, and don’t pester them—there’s nothing that makes a buyer want to leave a negative review than a pestering amazzon every other day.

Like we’ve mentioned, Amazon is a great place to sell your unwanted crap. It’s probably one of the best on the web right now, fees or no fees, selllng you take convenience, safety, and the number of potential customers you’ll get into consideration. With a little setup time, some patience, and a few smart tips, you can maximize gooc return on your dusty old books, unwanted holiday gifts, and outdated electronics.

The A. Alan Henry. Filed to: selling online. Share This Story. Get our newsletter Subscribe.

$70,000 a month selling on Amazon FBA off 1 Product

Two Bonus Tips

Sorry for the questions, I listened to your podcast and read your blog and replies but did not see this being answered. For example, instead of a plain silicone wedding band, maybe you come up with a unique pattern that can be stamped into the ring to give it more style. Anyway thanks again. Great post SH! Where do we start? Now tomorrow you find a new niche for say Babies Clothing. So, the extra shipping cost is really what eliminated my chance at a decent profit. Before noon today it was at Please try. Selling on amazon is a exiting and enjoyable task. So, I understand everything you discussed in your article and commend you on taking a risk on something that you are not positive will sell. The question is how to begin, the very fist step of the research. Save my name, email, and website in this browser for the next time I comment. Wish you good luck with your FBA journey! A sweet spot is if you can find you make good money selling on amazon reddit few products similar to yours that have under 50 reviews on page 1 of Amazon. Although this subreddit has over 90, subscribers, it does not have a high volume of comments on most posts. Hidden gems with excellent tips could exist that push you over the edge from hopeful to profitable small business.