How To Sell On Amazon In Easy Steps – A Beginner’s Guide
You need things to start selling on Amazon: A product to sell, an Amazon seller account, product listings, a way to manage inventory, and a process to ship orders. Overall, learning how to sell on Amazon is pretty straightforward and we’ll show you how to start selling on Amazon in 5 easy steps.
Find Products to Sell on Amazon
There are many ways to source profitable products to sell on Amazon. Some sellers follow traditional business models, like selling products they make themselves or reselling wholesale goods. But many sellers reach beyond traditional means and source products in a variety of creative ways.
One way to source products is by using AI (artificial intelligence) technology to predict which items will be bestsellers. Asinseed is an Amazon product research tool that forecasts the potential of a product becoming a hot seller in the future. It also uses a unique scoring system to help you avoid existing Amazon products that “score” too low, saving you a lot of trial and error. Click on here: https://www.asinseed.com/en/
Here’s a quick look at 5 more popular Amazon product sourcing methods. We’ll explain each in detail below.
This is a big-sounding term for a very simple process: Buy products in retail stores at drastically reduced prices and resell them on Amazon. Sellers who do this keep a sharp eye out for retail clearance and inventory reduction sales both online and in retail stores. When they find a product that looks like a great deal, they use Asinseed to check for profit potential. Scouting apps have a real-time link to Amazon and let you see what the same item is currently selling for, weighs the competition, and tells you if there’s room for profit. These apps even include fulfillment and shipping costs in the profit outlook.
Many successful small sellers got started just this way and now make reselling clearance goods their full-time job. But you have to know how to make it profitable. At first, you’ll likely spend a lot of time researching products that have no profit potential, but over time you’ll learn the tricks. On the plus side, also don’t have to invest much up-front using retail arbitrage.
Reselling Wholesale or Manufactured Goods
This is a more traditional method where you purchase goods in bulk from a wholesale distributor or direct from the manufacturer, then resell them at a markup. On the plus side, you can get low wholesale pricing that leaves plenty of room for profit. But, a serious downside is that you usually have to buy goods in volume. You really need to do your product research before taking the plunge on a large shipment from a wholesaler or manufacturer. If you don’t, you could lose money and be stuck with unsold stock.
One reason that sellers get stuck with unsold stock is that their pricing is not competitive. Luckily, there are tools that can help you track prices to make sure that you are always offering the most effective price. Read user reviews of top Amazon tools below.