How to Make Great Money Selling on Amazon

Some secrets are buried deep.

But this secret is in plain sight.

Making money on Amazon has never been easier. What most people are looking for, though, is how to make good money, or even how to make a living selling on Amazon.

Make a successful sale, then repeat that over and over.

Amazon makes this easy with the following tools:

Fulfillment by Amazon Gives You an Edge

With Fulfillment by Amazon, you ship the product or products that you want to sell to one of Amazon’s warehouses.

Amazon then processes customer orders, handles most customer inquiries and any returns, and ships your product for you.

Since your product will ship from an Amazon warehouse, your product will qualify as an Amazon Prime item for the many millions of Amazon Prime shoppers.

Fulfillment by Amazon isn’t free, though, right?

You pay to ship to the Amazon warehouse, but you do so at Amazon’s discounted carrier rates, which are much less expensive than if you were to ship your product on your own.

There are fulfillment fees based on size and weight, plus Amazon’s standard referral fee for selling on their site. The FBA Fee Calculator can give you a breakdown of the fees involved.

The benefit of Fulfillment by Amazon (FBA) is that it frees up your time to find new products instead of worrying about the day-to-day shipping of individual orders. It works out great for your customers because they get fast shipping through Amazon.

But How Do You Select What Products to Sell?

Now that you know how your product can get to your customer, you’ve got to have a product or products to sell.

There are two main ways to make good money selling on Amazon:

1. Wholesale
2. Make Your Own / Private Label

1. Purchase Products at Wholesale to Sell on Amazon

With wholesale, you’re doing something similar to retail arbitrage, but you’re contacting companies to sign up as a distributor/seller through their wholesale program.

You sell their product and their brand. It’s great because you didn’t have to invent or develop the product, but the downside is that this method has become crowded.

Many companies now just sell direct to customers on Amazon, cutting out their wholesale customers.

However, you still could find a company that doesn’t sell direct and only sells to its distributors, but then you’re still competing against others who are trying to do the same thing, and you could get stuck with inventory that you can’t sell.

2. Make or Create Your Own Products to Sell on Amazon

Millions of people have had the itch to create their own products to sell on Amazon. Why not you? If wholesaling doesn’t seem like a good fit for you, consider building your own brand of products.

You don’t even have to make them yourself. You can contact a manufacturer to make your product for you, put your brand on it, and sell it on Amazon.

It’s one of the best ways to protect your business long-term.

The easiest way to do this is to find a manufacturer who is making products that are similar or that are exactly what you want to sell.

If you’re not sure what you want to sell, think of products that interest you.

If you’re into gaming, consider gaming accessories, etc. That way, you’ll already have insider knowledge about what works and what doesn’t. It’s a lot easier than finding something random that you’re not familiar with.