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How to buy low, and sell high is a question that has been asked for a very long time. Is there a definitive answer? Probably not, but Amazon.com's marketplace gives 3rd party merchants a super advantage over many that have not yet realized it's potential.
There are currently over 4 Million 3rd party Amazon sellers that have taken advantage of their platform and are earning a good living by reselling products.
You have come to this blog entry for a couple reasons:
1. You're an individual who has heard about the lucrative opportunity of being able to buy low from source X and sell to consumers at a profit that buy from Amazon.
2. You're just curious to know to how to sell things online?
3. What to sell online?
4. Best practices of selling online?
5. Top selling products online?
6. How to make money while working from home?
7. How to make money on the side without quitting your 9 to 5 job.
Let's Get something straight!
This is far from a 'get rich quick scheme'. It takes time, money, motivation, being a self-starter, self-learner and above all patience. Selling on Amazon is far from a walk in the park!
Let's dive deeper into what it means to sell on Amazon.
Time: It is something that can be accomplished while maintaining your regular 9 to 5. Much like everything else in life, you will get what you put into it.
Money: There is initial capital required to be able to purchase inventory to resell. Not much, it can be done with as low as $1000 when starting out. Making money by being a merchant on Amazon should be looked upon as a side income. It is NOT going to net you a $100K in the first month. The best way to look at it is you're investing and making your money work better for you.
Example: You have a $1000 that is sitting in your savings account. Ask yourself, how much interest is that money making you in an year? By investing into physical products and buying smart, you are increasing your chances of seeing a potential return on your investment that cannot be given through any money market account.
Motivation: Money isn't everything, but the motivation that drives us to improve our quality of life is everything!
Self-Learning: When selling on Amazon - Make learning a priority, know your business inside and out. The world of e-Commerce changes very fast so make sure that you're staying on top of it.
Execution: This goes hand in hand with learning - One can learn until the cows come home but what good is that knowledge if you're not acting on it?
We can't emphasize on learning the ropes first.
Be okay with failing for the first couple times to learn from your mistakes. It happens! Trial & error is a big part of this. Utilize your sources!
Ask a million questions!
Feel free to contact us at anytime if you have any questions!
All Season Trading Group
HQ: 450 E. 22nd Street Suite 150 Lombard, IL 60148