We are not repeating the same article. I know a few days ago we wrote an article about How To Make Money With Amazon. Thus you might assume we are repeating the same topic but no. Its not the same. The previous articles was about all the ways you can use amazon to make money with. However, for this article we are talking about How to Make Money with Amazon FBA. Keyword FBA. FBA means Fulfillment By Amazon. Which means that amazon is the one fulfilling the sales for you. What this means is that when the people buy your products, it is not you who will be delivering the product to the buyer. It is amazon that will deliver the products for you. For this service, you will have to pay amazon a part of the sale value.
So now you understand that this article is about making money by selling products on amazon. It is not about things we talked about in the previous article such as affiliate marketing and dropshipping.
Step-by-step guide to Make Money with Amazon FBA.
Step #1. Product Research.
This step applies if you do not already have your own products. Because if you already have specific products, then that’s what you will sell. For those who do not already have any products and are considering selling anything that works, start with research. You need to know which products are selling. You do not want to choose a product that is not selling. This means you will be stuck with tens or hundreds of products that are not selling. Hence your business will collapse.
Choose products that sell and produce them because you know there will be market. To find Profitable Products there are tools you can use. Use tools like Jungle Scout, Helium 10, or AMZScout to identify products with high demand and low competition.
Criteria to Look For:
- Price range: $15–$50 (impulse buy range).
- Lightweight and small (to minimize shipping costs).
- Not easily breakable (to avoid returns).
- Consistent sales throughout the year.
Step #2. Source Your Products.
Now that you know what you want to sell, the next step is to source the products. To find the products, find Reliable Suppliers. Some of the suppliers include, Alibaba, AliExpress and local manufacturers.
After you find the suppliers, the next thing you need to do is negotiate and Order Samples. The reason you order samples is to check the quality before placing a bulk order. You do not want to be stuck with thousands of substandard products.
Once you buy these products, consider private labeling. Consider private labeling to build your brand and stand out from competitors. You even stand to make more money when selling your own private label products than common brands.
Step #3. Create an Amazon Seller Account.
Now that you have done your research and you have your products, its time to sell. To do this you need to create an amazon seller account. You can choose an Individual account. For the individual account, you pay per sale. This means that you pay amazon every time you make a sale. Alternatively you can create a professional account. For a professional account, you pay $39.99/month. Whether you sell or not you still pay the 39.99 dollars. This is not so advisable if you are a small scale seller. The professional account is based on expected sales volume.
After you choose your account type and you register your account, it is time to register your brand. Go ahead and register your brand with Amazon Brand Registry. The reason for this is added protection and marketing tools.
Step #4. Ship to Amazon Fulfillment Centers.
Now that you have your products and your seller account and your registered brand, its time to ship your products. Why this step? In order for FBA to work, amazon needs to have your products right? Yes, when your customers buy your products, amazon needs to be able to ship the products to the customers.
For this to happen Label and Package your products as per Amazon’s packaging and labeling guidelines. Then after you package and label your products, ship them to amazon fulfillment centers. To do this use Amazon’s partnered carriers for cost-effective shipping to fulfillment centers.
Step #5. Create Optimized Listings.
Now that you have your products, your account, your brand and shipped your products to amazon fulfillment centers, its time to list your products. Listing your products means creating a product on the amazon website and letting online people see it. This is how people are able to see your products and buy them.
While posting your products, some of the things you need to add for the listing are:
- Product Title. Include relevant keywords for SEO.
- Bullet Points and Description. Highlight product features and benefits.
- High-Quality Images. Use professional images showing different angles and uses of the product.
- Backend Keywords. Add hidden keywords for better search visibility.
Step #6. Launch and Market Your Product.
Now that you have created your product listings, its time to launch them and market them. Like we have been saying in all our articles, marketing is everything. Marketing is vital for all businesses.
Some of the things you can do to market your products include:
- Amazon PPC Campaigns. Use Sponsored Products and Sponsored Brands to drive traffic.
- Promotions and Discounts. Offer coupons or launch discounts to boost sales.
- External Traffic. Leverage social media, influencer marketing and email campaigns to drive traffic.
Step #7. Optimize and Scale.
Now that you have done the delicate complex steps, its the regular generic steps. You know the usual steps for all businesses. Some of the things you can do for this is:
- Monitor Performance. Use Amazon’s analytics to track sales, reviews and ad performance.
- Adjust Pricing. Competitively price your products while maintaining a healthy profit margin.
- Expand Product Line. Once profitable, add more related products to build a brand.
Step #8. Maintain Excellent Customer Service.
Make sure that all the issues of your customers are taken care of soon or immediately. Encourage Reviews by providing great customer experiences. Handle returns and queries promptly because good customer service increases brand loyalty.
Step #9. Stay Compliant and Up-to-Date.
Now that you have everything set up and running properly, its time to stay compliant and up-to-date. Stay tax compliant. Thus ensure proper tax collection and filing. You do not want to get in trouble with the taxman. Stay compliant with Amazon Policies. Hence regularly check Amazon’s guidelines and policy updates. This is to avoid account suspensions.
Conclusion.
Now you know How to Make Money with Amazon FBA.
