Amazon Prime-Time: How to Make Money Online.
If you’re looking to make money online, but don’t know where to start, it’s important to remember that there are many different ways to do it. One of the best and most popular ways to make money online is by using your skill as an Amazon seller.
In this post, we’ll be diving into how you can utilize the Amazon Prime platform (or any Amazon platform) to sell products online, the benefits of doing so, and how you can start up today. Let’s get started!
First, you’ll need a seller account. If you already have one or want to open one, go ahead and click here. If not, continue reading. The first step is signing up for an Amazon Seller Account. To do so, simply visit Amazon Seller Central by clicking here.
You’ll be asked to provide your name, address, phone number, and email address (as well as create a password). Once you’ve done that you can start selling on Amazon! But before we get started there are some things we should cover.
Setting up your selling account
Before you can start making money on Amazon, you’ll need a seller account. Once it’s set up, sign in and navigate to Your Account. If you don’t see it on your list of options, click Sell Yours Here under Service. This will take you to your seller dashboard where you can manage everything from here.
Taking photos of your products
When you’re taking photos of your products, be sure that they’re in front of a solid background. This will avoid any cases where it looks like you’ve just taken an item out of its packaging and plopped it down on a white sheet. That said, if it looks good and professional, don’t be afraid to play around with lighting and angles—the idea is for your pictures to show off your items at their best. Amazon even has photography tips for new sellers.
Listing items on Amazon
Listing products on Amazon can be a great way to earn income online and there are plenty of ways you can do it. In some cases, it might make sense to create your product, but it’s much easier (and sometimes more profitable) just to sell someone else’s product.
This is where arbitrage comes in. Arbitrage is when you buy something from one place at a low price and then sell it elsewhere for a higher price. For example, if I were to buy $100 worth of clothes from Forever 21 and then resell them on Amazon for $150, I would have made $50 in profit after paying for shipping fees.
Product returns and refunds
If a customer buys an item through Amazon that turns out to be defective, you can ship it back for a refund. The procedure for product returns is outlined in Returns and Refunds on Amazon’s Seller Central site, along with detailed instructions for what your policy should be on defective items.
While you don’t want money from selling a defective item going straight back into your pocket, it makes sense not to give away free stuff either.
Legal requirements when selling on Amazon
What you need to know about sales tax and how it applies to your business. I put together a free report that covers everything you need to know. It includes legal requirements, where to register, what states are good for online sellers, and more.
Start selling on Amazon by creating an account. Once logged in, click Sell from the menu bar on top of any page.
Expanding your business with other websites
There are a lot of websites out there, so your business needs to stand out for consumers to choose you.
For example, if you want people to buy from your website instead of an Amazon or Walmart site, you need something that’s going to convince them they should spend their money with you and not someone else.
Profiting in Niche Markets
A lot of people try to sell Amazon products on their own, but they don’t have success because they’re going after a small market. The thing is, if you go after a niche market and sell enough products, you can make quite a bit of money. Let’s use home improvement as an example.
Millions of websites talk about it—all you need is one loyal visitor per day and your revenue will skyrocket. Have trouble finding that one loyal visitor?
Selling Physical Products Vs. Digital Products
There are many different ways to make money online—and many of them don’t necessarily involve selling physical products. While making your products can be a great option, it’s also time-consuming.
Another viable option is selling digital products that you create instead of or alongside physical products. If you have graphic design skills, for example, you could sell digital templates that clients can use on a variety of platforms.
Final thoughts about Selling on Amazon
Selling on Amazon has never been easier than it is today. With a few clicks of your mouse, you can sell anything that you want to millions of customers around the world.
The strategy in selling on Amazon is not to try and rank higher in organic search engine results, but rather to target particular keywords that lead directly to your product page. Getting started making money online from Amazon may be easier than you think, but there are many traps for sellers just getting into eCommerce.