Okay listen up, if you’ve ever wanted to make some extra cash from home, I’ve got a side hustle for you – reselling on Amazon! Yeah, I know what you’re thinking, how can I possibly compete with the big dogs on Amazon? Well, don’t stress, because this beginner’s guide will show you exactly how to get started and resell on Amazon successfully with just a little bit of time and effort. We’ll cover finding profitable products, prepping and shipping your inventory, and scaling up your home business. Even if you’ve never sold online before, by the end of this guide, you’ll be ready to launch your own Amazon reselling side gig and start putting some extra money in your pocket. So, if you’re looking for a flexible way to make money from home without a huge upfront investment, stick with me because I’m going to walk you through everything you need to start reselling on Amazon today. Let’s dive into how to resell on Amazon and transform your financial landscape!
Resell on Amazon: How to Get Started
Create an Amazon seller account
To get started, you’ll need an Amazon seller account. This will allow you to list items for sale, ship products to customers, and get paid. Sign up for an individual selling account to sell up to 40 items per month. Upgrade to a professional account once you start selling more.
Source in-demand products
Find products that are in demand on Amazon to resell for a profit. Look for items that have a high sales rank and lots of reviews. Check sites like eBay, thrift stores, and discount retailers for lower-cost products you can buy and resell. Do some research to determine a competitive price.
List and price your items
Create a listing for each product including photos, a detailed description, and a competitive price. Price items at least 25-30% above your cost to account for Amazon’s fees. List items in “like new” or “very good” condition unless they’re actually brand new.
Ship products quickly
Once an item sells, ship it out within 2 business days to avoid negative reviews. Pack items securely and include a thank you note. Provide tracking info to the customer and mark the item as shipped in your seller account.
Provide great customer service
Answer any questions from buyers promptly and courteously. Accept returns if there are any issues and issue refunds quickly. Building a reputation for great service will get you good reviews and repeat customers.
With some savvy sourcing, competitive pricing, and dedication to customer service, you’ll be running a successful reselling business on Amazon in no time. Keep reinvesting your profits into new inventory and you’ll see your sales and profits grow over time.
Finding Profitable Products to Resell on Amazon
Once you’ve set up your seller account, it’s time to find products that will turn a profit. The key is to source items that are in high demand but short supply. You’ll want to check categories like:
Hot sellers and trending products
See what’s currently popular on Amazon and selling like hotcakes. Is it a fitness tracker, essential oil, or something else lots of people want right now? If you can find a source to buy it wholesale or at a discount, you’ve got a winner.
Niche collectibles
Certain niches like comics, trading cards, antiques, and vintage items have dedicated followings. Do some digging to find products collectors are after but having trouble locating. With the right sourcing, these can lead to big payouts.
Discontinued or hard to find goods
Keep an eye out for products that are no longer being manufactured or are only sporadically available. If people want it but can’t easily get it elsewhere, you’ve uncovered an opportunity. Check sites like eBay and Craigslist for leads.
The key is buying low and selling high. Negotiate the best wholesale price you can, factor in fees like shipping and Amazon’s commissions, and price the item so you’ll turn a decent profit, even after accounting for possible returns or price drops. With some practice, you’ll get better at predicting what will be a hit and sourcing it at a bargain. Before you know it, you’ll be running a lucrative resale business on Amazon!
How to List and Sell Your Products on Amazon
Once you’ve sourced products to resell, it’s time to list them on Amazon. This may seem daunting at first, but by following some simple steps, you’ll get the hang of it in no time.
Create a listing for your product
Go to the Seller Central page and click ‘Add a Product’. Enter details like the product name, description, images, and price. Include keywords and phrases in the title and description that people may search for. Keep your listing honest and accurate.
Choose a pricing strategy
You’ll want to price competitively while still making a good profit when you resell on Amazon. Check what similar products are selling for on Amazon. You may start with a lower price to drive initial sales and increase over time as your listing rankings improve on Amazon. You can also run limited-time promotions and discounts to attract more buyers.
Ship and fulfill orders
When your item sells, you’ll need to ship it to the customer. Make sure you understand Amazon’s shipping policies and factor costs into your pricing. You have two options for fulfillment:
- Ship products yourself. This allows you to keep more profit but requires time and effort to pack and ship orders.
- Use Fulfillment by Amazon (FBA). Amazon will ship and provide customer service for your orders. Fees apply but it’s more convenient.
Provide great customer service
Building a loyal customer base is key to success on Amazon. Respond quickly to questions and concerns. Issue refunds or replacements if needed. Positive reviews and ratings will help boost your product rankings and sales.
Selling on Amazon does require work and patience. But by starting with a strong listing, competitive pricing, fast and reliable shipping, and amazing customer service, you’ll build a foundation for success as an Amazon reseller. With time and practice, you’ll get better at sourcing in-demand products and optimizing your listings to drive more sales.
Conclusion
At the end of the day, reselling on Amazon is a game of numbers – the more quality products you can source and list to resell on Amazon, the more sales you’ll make. Sure, there’s a learning curve. But if you start small, learn as you go, and stick with it, you’ll be amazed at the income you can generate from reselling on Amazon. Amazon makes it so easy for anyone to get started. Just take that first step and get your feet wet. Before you know it, you’ll be running a smooth operation and your Amazon seller account will be funding your dreams. The opportunity is there for the taking. You just have to decide if you’re ready to become the next Amazon reseller success story.
For more helpful articles you can check our blogs here.
