Working from Home using Amazon is a much better way to faster and bigger revenues, because Amazon has more than 100 times the consumer base than what eBay has. Amazon is also far more limiting in its Product Categories. Amazon anticipates you to be a professional expert in the classifications of items that you offer on Amazon.
Off, many all the items sold on Amazon are offered by other online Merchants, Amazon doesn't own hardly any items at all. Amazon simply supplies an online platform for merchants worldwide to market and offer their products utilizing the Amazon's WEB site, while stealing between 7.5% to 15% Commissions.
There are 2 methods to Sell on Amazon:
1) Fulfillment by Merchant is where by you drop deliver your products either from your store or from another WEB site satisfaction center, like: Walmart.com, eBay, etc, ... In this approach you truly never have to manage any items, just your provider does. Amazon only pays every 2 weeks. As compared to eBay you get your cash for purchase of that product immediately, and when your order is entirely fulfilled and provided to your consumer the rest of that cash is yours to keep as pure profit.
2) FBA (Fulfillment by Amazon) is where you look for out a Manufacture or Manufacturers' outlet stores to get brand new items for cent's on the dollar. Which ends up being 5 to 10 times what you purchased it for, then you ship it into Amazon's storage facility and let Amazon advertise, offer and deliver the items to your clients for you. A lot less work on your part, specifically if you can get your manufacturer to deliver your products straight to Amazon's warehouse for you and numerous do.
Finding Manufacturers is fairly easy, simply find the item UPC upc code on that item packaging (not the Store's Bar Code which is normally an extra taped UPC code sticker stayed with the item packaging by the store). Next to that bar code is the Manufacturers (or Manufacturers Distributor) Address and telephone number. Merely phone that phone number and request Minimum order amount and the expense per system. If you purchase straight from the Manufacturer, you might be required to purchase in bulk, however remember you are going to be purchasing these products for cents on the dollar, so even if you have to buy 500 of them at 20 cents each, it is just going to cost you $100. And if You offer them for $10 you just made $5000 while just spending $100 for the products and $3 in Amazon commission costs + Handling amazon $20 coupon codes costs, you are still stealing $3400 in net sales profit.
Using the Manufacturers' outlet stores like Dollar Tree, Dollar General, 99 Cent Max, Five and below, Topper Liquidator, and so on, ... you can purchase a little number of these items first and see how well they offer on Amazon through FBA. And if they sell well, then order wholesale from the maker. In this manner you are just spending a really couple of bucks to check out a products marketability on Amazon. A lot less than the $100 discussed previously. The Manufacturers outlet shops will cost a little bit more per item than the Manufacturers expense. Normally around $1 or less each, in some cases more. Depending upon which Manufacturers outlet store you shop at.
Helpful Tools to acquire:
"ASINspector" is an important tool you can discover online that will assist you find products that are the top-selling in a given classification name on Amazon. The outcomes are going to be compared to Amazon when it comes to sales volume, rates, and profit margins. This tool will even advise you on the best sources for an offered particular item.
You can even sort and filter these Sales volumes and gross revenues in order of greatest to lowest, or Lowest to Highest. Utilizing this tool, you might discover that Amazon has the Lowest rates and on eBay they offer higher, so in which case you want to source from Amazon and offer on eBay. If it sells lower on eBay and greater on Amazon, you want to source from eBay and sell on Amazon. However do not constantly assume that eBay or Amazon will have the very best rates, because often Walmart or other online stores do.