Most savvy shoppers know you can find a great online deal for almost any item from clothes to books to household items on Amazon. One of the great benefits, especially if you are an Amazon prime member, is the ability to find an item and get it in two days with free shipping. This quick and reliable service sets Amazon apart from almost any other online commerce website. This is because of a program called FBA or Fulfilled by Amazon.
Learn what FBA Means
FBA means that you can get your item in two days because the item is at an Amazon warehouse, packaged and shipped by Amazon. That is why it is fulfilled by Amazon, even though the item or product is not actually owned or sold by Amazon. What most people don’t know is that this is a program that anyone can be a part of as a seller, as well.
Amazon’s FBA Program is easy to understand
The program itself is not very complicated. You have to invest in a seller account on Amazon, which varies in price and Amazon will sometimes offer a free month for those just starting out. Now it is your job to find items that are selling well on Amazon and buy them for less. Once you find the item you want to sell you list it on Amazon and ship it to one of Amazon’s fulfillment centers. When a customer buys the item from your online business, Amazon packages and ships it from the Amazon fulfillment center where it is being stored. Amazon will send you your percentage of the sale, twice a month.
Learn what will sell the best
Now the part that gets a little complicated is learning what will sell best and how much to sell it for. It is also, using your math skills to deduct Amazon’s fees, the price of the item and making sure you make a decent profit every time. There are apps that help you find the ranking of an item, what it potentially sells for, and help you can figure out your profit margin. Some of the apps are free but some charge a monthly fee. It is important to factor in all of your costs when you are trying to figure out your profit margin. Making a plan for the percentage you want to make and sticking to this plan is a good idea, especially when you are first starting out.
Keep in mind that this program works best when you have several different items for sale or a good variety of items for sale before you ship your items to the Amazon fulfillment center. There are certain requirements for the box you will be shipping to the Amazon fulfillment center, so it is very important to read everything required of their sellers before you start.
The income potential is only limited by the number of hours you’re willing to put in. It is an excellent way to make extra money by shopping at all your favorite stores and searching in the clearance aisles. You can sell new or used items. That means you can go through your items that you are no longer using at home or shop at local garage sales or thrift stores. The amount of products you buy and sell is completely up to you.
There are many different benefits of selling using Amazon’s FBA program. Here are just a few of the amazing benefits you can utilize by becoming an Amazon seller and using the fulfilled by Amazon program.
#1. Amazon has millions of customers.
Amazon has millions of customers, all over the world, who know and trust Amazon. Their customer base will be your customer base. No matter how small or large your online business is.
#2. You list your products and Amazon will store, package and ship your products.
You list your products and Amazon will store, package and ship your products for you when you sell. This is also a great space saving option, which allows you to grow your online business without the worry of space to store everything.
#3. Amazon prime members love receiving free two-day shipping.
Amazon prime members love receiving free two-day shipping, and your products will be a part of the free two-day shipping items. Your items will feature the Amazon prime logo making it desirable to Amazon prime members, giving you an added edge over all of your online competition.
#4. Amazon will handle all customers’ service issues and customer returns.
Amazon will handle all customers’ service issues and customer returns. Since Amazon is trusted and reliable your customers will feel safe buying your products even though they do not know you.
#5. When you start your Amazon sellers account you can greatly optimize your sales.
When you start your Amazon sellers account you can greatly optimize your sales by selling to Canada and Mexico too. This is an awesome benefit because Amazon handles packing and shipping but you are able to sell quickly and easily to all of North America.
Amazon is dedicated to helping anyone start and run a successful online business. Anyone who sells products online knows that the online competition is becoming more and more difficult to stand up against. This is cutting out many small business owners. The Amazon FBA program is a great way to work with a large and well-known internet giant to grow your small business. Using the Amazon FBA program will take some time and money to invest but with the right tools, it is a great way to make money online.
The profit potential is completely up to the amount of research and capital you are willing to invest. Many sellers are utilizing this smart program to invest wisely into their online business and reaping the benefits every month.