Selling on Amazon is very popular because it doesn’t really require any financial outlay. You probably already have everything you need to start selling. It can also be a very useful way to get rid of things that you no longer want.
Starting by selling things that you don’t want is a great way to learn how to sell on Amazon, however eventually you will run out of things to sell. That’s why before you can learn how to sell on Amazon you must learn about sourcing products for Amazon.
Selling on Amazon is a proven way to make money and there are millions of people all around the world who make their living from the site. If you want your Amazon business to succeed then you will need to make sure that you carefully choose the right products. There are quite a few tips that you can bear in mind when sourcing products.
You can’t just hope to find a product randomly and then think that it will be a success. Instead you need to take a look at what’s popular on the site. You can also search what is being sold on Amazon at the moment to get an idea of how competitive you could be.
Sourcing your Products
Once you have decided what it is you want to sell you then need to find someone to supply your products. You have a few different options for this, you can buy direct from the manufacturers of the products, from a wholesaler, or import them yourself. This will mean that you have to hold stock which might not be possible for everyone.
You can also visit pawnshops, pound shops, car boot sales and anywhere else you might be able to get cheap products to resell.
If you don’t want to hold any stock then you can also consider dropshippers. These are a type of wholesaler who will ship products directly to your customers.
Once you have found suppliers check the prices and work out how much profit you stand to make. You want to make sure that your profit margin is as big as it can possibly be.