How To Be Your Own Boss As An Amazon FBA Seller

It's every digital workers desire to generate passive income streams, and to earn an income by doing as little as possible.

This has driven many young entrepreneurs to affiliate marketing, or into the world of e-stores and dropshipping. Some have succeeded, and most have not.

The Amazon marketplace is very often overlooked and provides plenty of opportunity for a lucrative passive income stream.

Fulfillment by Amazon (FBA), is a great way to sell products without having to deal with the sales, the shipping, or the customers. All you have to do is source a product, list it, and send the products over to Amazon to stock your inventory.

fulfillment by amazon

The FBA service takes care of the rest. Your product is placed in view of Amazon's astronomical marketplace. The items that you send to Amazon are stored in their warehouses. When a sale is made, they deliver your item and even take care of customer service.

It doesn't get much more passive than that, but before your dreams get too wild, this is no get-quick-rich scheme. To succeed, you will have to plug a good few hours of hard work into the venture.

Most of your input will involve researching products to sell, and finding suppliers who can give you the right price.

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To buy the products, you will also need some startup capital.

The initial amount that you invest is entirely your choice. You can simply stock a product in your price range, and an amount of products that you can afford.

If you do your research, and buy and sell the right products at the right prices, you will be ready to make sales and profits in no time at all.

An Overview Of The FBA Process

Amazon takes care of everything once they have received your stock. The FBA process is simple enough. So where do you come in?

You Will Take Care of The Following:


  • Research Amazon products - to find out what sells, and to gather some options of products that you could make a profit from.
  • Source your product - you need a profitable product sourced from a wholesaler, or better still a supplier.
  • Sign up to FBA and create your listings.
  • Package and brand your product (if private label)
  • Ship your products to Amazon's distribution centers.
  • Wait for your sales to come flooding in!

This may seem like a lot of work, but once your products are shipped to Amazon's distribution teams you don't have to do anything much at all.

When you find a winning product that sells well, and pulls a healthy profit, you can repeat the process really easily. It's all sit back and relax from there.

The Formula:

1

Find products that you can profit from

2

Source and ship products to Amazon distribution

3

'Sit back' and make sales

Cost To Start Selling

This is not dropshipping. Before you start selling on FBA, you will need to have some money to invest.

You will have to deal with the purchase of a physical inventory, and then pay to ship these items to Amazon. Buying from suppliers, and then shipping the products to Amazon, will be your main costs.

There are also several fees associated with using the FBA service:

Once you have listed a product, you can use the FBA calculator to work out the exact costs of these service fees, according to your product's cost, sale price, and shipping costs.

The actual amount of money that you invest is entirely up to you. You could buy 10 products for $50 each, or 1000 products for $100 each, or whatever you want or can afford. If you are new to the game, and don't have much money to spare, it is perfectly fine to start small and scale up later.

If you never invest more than you can afford to lose, and always choose products based on proper research, then there isn't so much risk, and profits are likely.

Research Your Competition

You need to conduct a thorough research before anything else