Today’s post is going to be geared toward first-time sellers on Amazon. How to get people to buy from you when you don’t have any ratings or feedback. To help you through this hump, I’ll use myself as an example. I opened my Amazon seller account in December of 2014. I started with a technique I learned on “the passive income podcast”. It’s called “Fulfilled by Amazon” or FBA.
Here are some examples of how I use FBA to make money. Download the Amazon seller App. This is going to be your best friend in this business. Go to big stores like Costco, Home Depot, Rite-aid… These are the ones I go to personally, but there are several more. Once you get to the store, find the clearance isle and whip out your Amazon seller app. Start scanning items. See below for an example of an item I found at Home Depot. A 4 pack of Sylvania light bulbs. On clearance for $0.97 plus tax. $1.06 total. I bought every one they had, which was 60 of them. Total investment $63.60. It also cost $15 to ship all of them in one box to Amazon using UPS. Amazon also offers a deep discount for FBA sellers through UPS. As you can see in the screenshot below, the lowest price for this item is selling on Amazon for $10.95. In the 3rd image you can see, after I entered the shipping cost and cost of purchase and all Amazon fees, there’s a profit of $5.33 left per item sold. Multiplied by 60, equals $319.80 in profit. Light bulbs are a commodity. Meaning, it’s an item that waists and you need to replace it. Commodities are a good thing to look for when listing products. MAKE SURE TO CHOOSE “AMAZON FULFILLED” TAB. (Image 3)
I sent in this item to the Amazon fulfillment center several weeks ago. Since then, I sell 3 to 5 per week. This is just one example of many. As you can see in the screenshot, Amazon’s ranking for this item is #142,157. The lower this number is, the more often it sells. Anything under #1,000,000 sells within a year. This is how I make a confident investment. I can tell by the ranking that it sells pretty often.
There are many benefits to using FBA. For one, you don’t have to box the item for each individual customer. Just one or several big boxes to Amazon’s fulfillment center. Another great benefit is that Amazon takes care of everything, including returns, exchanges, and refunds. That means that you are guaranteed to receive 100% positive feedback every time. Amazon simply won’t allow a customer to be dissatisfied.
Now, just because you currently don’t have any feedback doesn’t mean you won’t sell items anyway. Obviously, every seller had to have their first sale at some point. To increase your chances of making sales, list more items. The more items you list, the more you sell. It’s that simple. Also offer the lowest price, if you can. Down the line, when your seller rating increases, you won’t have to have the lowest price to make a sale. People will by from you simply to avoid any problems with lower-rated sellers.
If you decide to start with FBA, purchasing items from large stores, don’t just sit and wait for those items to sell. It may take a couple of weeks before you see any sales. Especially because you have to wait for your shipment to arrive at the Amazon fulfillment center. Use the techniques discussed in previous blogs to add inventory to your Amazon seller account. If you’re new here, the technique revolves around listing and selling items on Amazon that you source and drop-ship directly from eBay. More on this technique coming soon.
Does this sound like a work from home job you can handle? Do you think these techniques will help you make money online? Keep in mind that this is not a get rich quick scheme. Like any venture worth pursuing, it takes a lot of time and dedication. Although this is an amazing way to generate passive income in the long run, don’t confuse it with a fast way to make money online. I urge you to educate yourself as much as possible, and really put in an A+ effort to make this work for you. Because if you can generate money online, you can work from anywhere in the world.
Below, I’ll post my updated screen-shot of my sales spreadsheet for March. As you can see, I’m just over $300 away from my $3,500 in profit goal for the month. With 3 days to go, and the number of average sales decreasing the past two days, I’m not sure if I’m going to make it. With That said, I’m very confident, I’ll get to $5,000 in profit for the month of April. That will be my new goal. Share your goals with me at firstname.lastname@example.org I can help you meet your goals.
To conclude for today, below is a screen-shot of My Amazon seller account. Even though my sales have dropped the last 2 days, my Amazon account still looks very impressive to me. Averaging nearly $18,000 in sales in the past 30 days. Not too shabby.
Was this post helpful to you? Do you have any questions for me? Don’t hesitate, email any questions at email@example.com or comment below. Any feedback is appreciated. Thank you for being you, Namaste
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