Fulfillment by Amazon: How to make money by selling stuff you don’t need on Amazon
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If you have valuable items in good condition lying around your house or you have a knack for finding hidden gems at bargain retailers, you might be able to make some money ...
Posted — UpdatedThe report also states that, according to most Amazon sellers, this is not a way to “get rich quick,” so keep reading to find out if Fulfillment by Amazon might be a good option for you.
How Fulfillment By Amazon Works
To use FBA, you must first create an Amazon seller’s account and then log in to Seller Central, where you will set up FBA. When you have products to sell, you will create product listings to add the items to the Amazon catalog. After that, you will pack and ship your products to Amazon, following their required practices. Once Amazon receives the items, they will be available for customers to order.
As with any service, Fulfillment by Amazon has its advantages and drawbacks. If you are looking for a way to earn an income selling merchandise, it’ll help to learn more about this service, how to set yourself up for success and what might prevent you from turning a profit.
What You Can Sell Using Fulfillment By Amazon
There are also condition guidelines to consider:
- New: A brand new item with the original packaging.
- Used – Like New or Open Box: An item in perfect working condition that may be missing original protective wrapping.
- Used – Very Good: A well-cared-for item with limited use and is still in good working condition.
- Used – Good: An item that shows wear from consistent use, but remains in good condition and functions properly.
- Used – Acceptable: An item that is fairly worn but continues to function properly.
Pros And Cons Of Amazon FBA
There are numerous advantages to selling products with Fulfillment by Amazon. First, you have the benefit of the company’s name associated with your items. Since millions of people shop Amazon and trust the company, you instantly have access to a massive customer base. This includes the Prime audience, as qualified FBA listings are Prime eligible. You don’t have to worry about customer service issues, such as returns, refunds or inquiries, as Amazon handles them for FBA sellers as part of its service.
Shipping is easier, as you can send all of your items to FBA at once and leave the individual packaging and shipping for customers to Amazon. You don’t have to struggle with storing an inventory of products either.
Plus, individual sellers pay a flat $0.99 for each sales transaction, while sellers with a “Professional” plan pay a monthly subscription fee of $39.99. If a shopper requests a refund, Amazon charges a fee of either $5.00 or 20% of the refunded charge, whichever is less to process it.
Because of all these fees, you may want to consider what kinds of items you’ll be selling and make sure they’re likely to bring you a profit after all these fees are deducted. If you’re only selling smaller or low-priced items, it may take a while before you see much actual income from these sales.
Returns can be another disadvantage due to Amazon’s easy return policy. Returns are shipped back to the seller, who has to decide what to do with the item at that point. This can be especially burdensome if the package has been opened or if the item has been damaged.
Tips For Starting A Fulfillment By Amazon Home Business
If you want to give FBA a try, here are some pointers that could help you start a successful online retail venture.
- Start small. You can test the waters by listing a few products to learn which sell quickly and garner the highest profit. Choose non-seasonal items that are more likely to sell year-round. Also, consider uncomplicated items that are less likely to have technical issues or break.
- Perform keyword and product research to find profitable product ideas. Learning more about what customers are searching for can help you choose products wisely and make more consistent sales. Learn to use the keywords in your product listings as well. Doing so will help shoppers find your products.
- Make your listings appealing, attractive and easy to navigate so that customers will be more likely to purchase after landing there. Be sure to use high-quality images and accurate product descriptions.
- Take time to answer questions, comments and inquiries. Responsive sellers tend to have higher ratings, leading to more sales.
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