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Sunday, June 25, 2017

Amazon FBA

Selling Private Label Products via Amazon FBA

I've now been selling private label products via Amazon for a couple of years now.  The potential to make money with the Amazon FBA program is huge (millions of dollars a year potential).
In a nutshell, you actually need to create a product, find a manufacturer, and start selling that product on Amazon.  It's actually not as complicated as it sounds.
This method is different from “retail arbitrage” in which you purchase cheap products and selling them at a higher price. By selling private label products, you get more control on how your products are sold. If you choose your products correctly, there is also less competition, thus giving you greater profit in the long run.
Once you have the product on hand, you can upload the details on Amazon so users can buy it from there.
Aside from being the biggest online retailer in the world, Amazon will take care of packaging and shipping your products to customers.  (FBA) lets you worry about growing your business as it does the rest for your clients while also scaling your performance.


I actually interviewed Chris Guthrie, another successful seller, about his process which you can 
As mentioned earlier, retail arbitrage lets you determine inefficiencies in the market by marking up low-cost products on Amazon.

Some products are more expensive when sold on Amazon due to factors like availability in your region, convenience in buying from Amazon, and others.
Unlike private label products, the product is already in the market. All you need to do is purchase and ship them to be sold on Amazon. You can reap the benefit once users buy them.
There are also disadvantages with retail arbitrage. Users may end up not buying your stock. Not only will you lose money from your initial investment with these products, but their value may lower over time. Also, going from store to store looking for cheaper prices of the same product can be time-consuming and may not be worth the effort.
Nonetheless, retail arbitrage is the perfect side hustle for people who don't have time to think about creating their own product.  goes in depth about retail arbitrage and how it works.

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