Amazon is one of the world’s most famous and popular online stores. Millions of people visit it and make purchases. Amazon is a store with a great history. Officially, Amazon is the first online store in the world. Amazon is a pioneer in online trade. In the beginning of its presence, Amazon was solely selling books. Further, this Internet giant was transferred into a universal online store selling almost everything. Today, almost everyone knows about Amazon. In the USA, Amazon is a part of the national culture.
I love Amazon for a multitude of different reasons. First of all, I earn money on Amazon. Thus, Amazon business becomes one of my foremost income sources. Secondly, I love Amazon for the quality of service it provides its buyers. Amazon is visited by millions of people every day. These people have nothing to do with Amazon but buy something. Most of Amazon’s visitors do not leave the store without buying something.
Amazon grows very rapidly, and therefore, people are truly interested in making business on this famous online store. Doing business on Amazon has both advantages and disadvantages. In some of my previous posts, I have told you about my Amazon experience. Today I will give you one tip that will guarantee you a successful business on Amazon.
First of all, let us analyze how people make business on Amazon. 100% of Amazon businessmen sell something. Amazon has the same terms for all types of products sold on their online market. Only while selling physical and digital books, another Amazon terms are applied. Thus, making business on Amazon means selling something. If you want to start making business on Amazon, you will need to sell something. And consequently, to sell something, you will need to have some products. In this situation, you have two options:
1) USE DROPSHIPPING
Dropshipping is very popular nowadays. The most attractive side of dropshipping is that you do not need to have the products you list. You merely subscribe to some of the world’s best dropshippers, and get a full access to the entire inventory that exists in their warehouses.
1) LIST YOUR PERSONAL PRODUCTS
You buy something from abroad or in your own city, and sell it on Amazon. This is one of the ways how a person can start selling on Amazon.
Whilst dropshipping is very convenient, this way of making business has some serious disadvantages. Thousands of Amazon sellers make business by using dropshipping. Thus, the items you will list on Amazon are already listed by thousands of different sellers. Consequently, you won’t be able to independently set your price. Every seller will strive to win this price competition. Keep in mind that Amazon seller fees are very high. First, Amazon requires 39$ for a monthly professional seller account. Secondly, Amazon takes 15% from the net price of your product. Moreover, Amazon has many other fees. Thus, I can conclude that making a successful dropshipping business on Amazon is absolutely impossible. I have gone through it. Do not even try to make a profit on Amazon by using a dropshipping business model. You will merely waste your money, efforts, and additionally, you will disturb your nerves.
HERE IS THE ONLY POSSIBLE WAY TO BE SUCCESSFUL ON AMAZON
Travel the world and buy unique products. Of course, you may also find unique, unrepeatable items for sale in your own city. Travel is not necessary. Buy something that is not already listed on Amazon. If you want to sell t-shirts, list some t-shirts that cannot be found elsewhere on Amazon. If you sell jewelry, sell only exclusive jewelry that is not already sold on Amazon. Thus you will be able to independently control and manage your price policy. You can resell your products for 2 or 3 times expensive prices. In this situation, you will be absolutely independent of other Amazon sellers. Even though Amazon takes huge fees, with this business model, you will still generate enough serious income to cover all the fees. This is the only way to build a successful business on Amazon.