Tight Budget Strategy to Start Profitable Amazon Selling
Tight Budget Strategy to Start Profitable Amazon Selling, Start Amazon selling less than 100 USD.
There is 3 wrong Impression about selling on Amazon
1, I need to have a company to be an Amazon seller—as a person is fine
2, I need to pay a high fee to Amazon every month to keep your seller account—individual selling plan 0 fees (pro selling plan 39.9/M)
3, I need to purchase a lot of inventory upfront to put in Amazon warehouse to start selling—light-duty way to manage FBA inventory
Here is what you will learn from this course:
Section 1: There is 3 wrong Impression about selling on Amazon:
need company, need a high fee, need a lot of stock upfront
Section 2: Deep understanding of Amazon
how to manage Amazon FBA inventory LIGHT DUTY
Section 3: Product choosing Step 1: Choose niches by
SMALL LIGHT CHEAP HIGH principle:
Section 4: Product choosing Step 2: Choose a competitor to learn to inspire
Section 5: How to find suppliers who can meet the above principle
Section 6: What to do next
Key principles:
Niches with SMALL SIZE LIGHTWEIGHT
(to save shipping cost at least for 2 trips)
Niches with CHEAP cost
Niches can sell HIGH margins (5+ times)
Other product choosing principles:
1, high quality – review/account health/
2, sustainable supply–without MOQ and product time (stock) / shipping time
3, keep it simple not overbuilt
4, vast target audience
5, you need to compete with Chinese sellers
6, light customization—print on demand
7, keep away from infringing
8, Keep away from: sensitive products: liquid, powder, battery
9, Keep away from highly restricted by law category:
Beauty category: some need FDA
Children toys: Consumer Product Safety Improvement Act (CPSIA)