Amazon FBA Recipe For Success: Five Steps To Running A Successful Amazon Business
When starting an Amazon FBA business, just like any other kind of business, you will need investment capital. So, it is a smart decision to plan your own
Amazon FBA recipe for success.
Today, I will summarise the five main steps that can help you grow your Amazon business online.
Depending on how fast you need your business to take off, you may need more income.
This is because an Amazon FBA recipe for success is based on the dropshipping business model.
In order to do dropshipping successfully, you will need to invest in basic marketing and paying suppliers at some point.
Notably, the majority of your spending at the beginning will be to buy the proper equipment.
If you’re not the kind of person who’s ready to move at100 miles per hour then dropshipping may not be for you.
What I mean is, you have to be quick when it comes to fulfilling orders, postage, ordering inventory and driving people to your Amazon store.
Here are the key 5 steps for an Amazon FBA recipe for success:
1. Research prices
Years ago, product scouts used to guess the purchase price of the items by the website, and buy what they thought they could sell for a fantastic price.
If you try that now, you will be losing out on incredible amounts of time.
Now, an awesome piece of technology is used on your phone to scan product details instantly.
For example, by scanning the bar code of a media item, the app gives you the costs of the items on Amazon almost instantly.
You can get the $400 scanner from ASellerTool.com, as it’s cheap but efficient.
Be aware, this service costs $30 a month to maintain.
2. Sign up for FBA
Sign up for FBA (Fulfillment By Amazon), at Amazon.com.
It can cost up to $40 a month, but this service will pay itself off incredibly quickly, you don’t need to spend hours packaging, and the shipping is fast.
Buyers prefer to buy something from FBA, as there are quick shipping and great customer service.
With FBA, you can price your items lower than the $3.99 threshold, letting you get an edge on your competitors.
Amazon experts say to never sell something under $3.25.
3. Efficient Tools
FBAPower (FBAPower.com) is a service which increases your efficiency of FBA so much; you won’t go without it.
To explain, using a
$34 USB laser scanner you can quickly scan your items into the system.
This lets you box up 50-70 pounds of products, taking about 40 seconds per item.
In this 40 seconds, you want to quickly examine the item, click its condition, and stick the special bar code sticker on it.
This service costs $40 a month.
4. Printing Labels
You’ll need a thermal printer.
This is a printer, that prints with warmth and speed.
I recommend obtaining a
Dymo Thermal Label Printer.
This will allow you to print without ink and quite quickly.
These labels hold the barcodes of every item you send to the FBA warehouse.
What’s the cost?
This printer costs about $100, and the rolls of labels tend to cost around $12.50 per roll.
This seems to be cheap, as label rolls generally have a lot on them.
5. Get Inventory Sorted
Obtaining your inventory is always an experience.
It really is down to you to choose the type of products that you want to sell and find the best suppliers.
This is key for an
Amazon FBA recipe for success.
You may want to search other online marketplaces such as
Alibaba or Oberlo.
Alternatively, some people look for special offers offline for books and clothing.
You can use maps.google.com, to hunt for thrift stores, dumps, Goodwill, Salvation Army, libraries, etc.
Libraries will be the gold mine of books selling.
You can find $5 bag sales, netting over $600 at a sale!
That is in less than one day of scouting when you become a pro.
Finally, call up your local libraries, and write down the dates and times of the library book sales.
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