Home Business Ideas and Opportunities

Make Money from Home with Amazon FBA

In the past if you wanted to sell tangible items, you went to eBay. You listed each item one-by-one, answered questions, printed out labels, packaged items and shipped them. It was a lot of work! But with Fulfillment by Amazon you can get the same results with about 10% of the effort. Here’s how it works…

Make Money from Home with Amazon FBA

You ship your items to Amazon, and then Amazon lists the products, does customer service, handles the payments, ships the products and then pays you.

Your main job is to find great products that have a high profit margin and send those to Amazon. When you sign up to be a FBA seller, you’ll see where you tell Amazon what you’re sending them and how much you want them to charge. You fill out this form each time you make a shipment. Then you let them take care of the rest.

You’re using Amazon’s traffic, their website, their sales process, their sales pages and their shipping. All you need to focus on is finding and shipping the right products.

Remember, Amazon is in the business of selling and shipping items. They’re not in the business of finding small quantities of items to sell. That’s why they need you.

So what kinds of products can you sell? Basically, anything that’s already selling well on Amazon is a possible candidate. Ideally you want to look for products that meet these criteria:

– You can purchase them for one third or less the sales price on Amazon.

– The products don’t weigh a ton – remember, you’re paying for the shipping from you to Amazon.

– Products that are selling well – in the top 100,000 is good.

So where do you find these products? Initially, you can check the discount and dollar stores near you. Take your smart phone and scan the items to bring up their Amazon listing so you can see how much they sell for and how well they’re selling.

Discount stores are places that take excess inventory from other stores and manufacturers and liquidate it to the public. At first it might take you awhile to figure out which products are viable, but guaranteed, they’re out there.

Items you might focus on initially:

– “As seen on TV” items
– lighters and fire starters
– kitchen items and cooking tools
– popular toys
– phone cases
– wallets
– water bottles
– novelties

Also, anything with a recognized brand. For example, a generic hat might not be in demand. But a Walt Disney or a Boston Red Sox hat probably is.

Each time an item sells, Amazon will send you an email letting you know. You don’t have to do anything; they’ll do the shipping and you’ll get paid. If you find an item of yours selling really well, go buy some more and send them in.

The downside? For one thing, there’s a lag time between buying and shipping a product and getting paid. And of course this lag time will depend a good deal on how fast or slow your products sell. That’s why you might want to start small and use your profits to build the business.

One more reason to start small: You eliminate the possibility of making a large mistake. New sellers on FBA sometimes purchase what seems like a bargain – such as 1,000 units of a product at $2 each – only to discover it doesn’t sell well. By keeping your inventory low at first, you can get a real feel for what works and what to avoid.

Sometimes someone will undercut you on price. For example, you have an item selling like hotcakes for $19.99, and they send a box full to Amazon and tell Amazon to sell them for $7.99. Their items will then be sold first, but when their inventory runs out the price will go back up and your items will begin selling again.

Advanced model: There are tons of items that cost almost nothing to manufacture that are then sold for $10 or more. For example, as-seen-on-TV hair gizmos or kitchen gizmos can often be manufactured for a few cents, yet they sell for $8 to $20 or more. A water bottle that costs $1 to make can be sold for $11.95. A flashlight might cost 50 cents and sell for $10, and so forth.

When you find one of these hot sellers, you can actually contact a manufacturer and have them start making them for you and shipping them directly to Amazon.

While there are marketers selling courses on how to use Amazon FBA, you can also research everything you need to know.

Here’s a link to some of the benefits of Amazon FB:

https://services.amazon.com/fulfillment-by-amazon/benefits.htm

Here’s a link where you can get started selling on Amazon:

https://services.amazon.com

Here’s where you can find seller forums on Amazon:

https://sellercentral.amazon.com/forums/

Once you get the hang of it (which shouldn’t take long) you can earn yourself a nice little side income. And you can even get the whole family involved, finding products to sell on Amazon.

Why Introverts Make the Best Marketers

First of all, let me clarify that introverts aren’t necessarily shy. They are, however, quieter than extroverts. Introverts talk plenty when they have something important to say, but they tend to stay quiet when the topic is small talk. Why? Because small talk isn’t important to them. Now, let’s say you have 2 salespeople – an extrovert and an introvert.

WhyIntroverts Make the Best Marketers

The extrovert is likely to talk – and talk – and talk – which is exactly what you expect from a sales person. And in the midst of all this talking, the extrovert will make sales.

But the introvert will do something the extrovert commonly fails to do – the introvert will ask questions and LISTEN to the answers.

I don’t mean they wait for the prospect to stop talking so they can begin extolling all the many benefits of the product. I mean they LISTEN. They want to know what’s keeping the prospect awake at night in relation to the problem the product solves. They want to know the prospect’s fears, desires, dreams, etc. They want to know what’s worked for the prospect, what’s failed for the prospect, and what that prospect really, truly wants so they can help this prospect get it.

And this same sales person will continue to use questions as they present their product or service, questions that direct the prospect to the desired conclusion – that this product is what they want and need.

Everything else being equal, 9 times out of 10 the introvert salesperson will outsell the extrovert – all because they asked questions and listened closely to the answers.

Introverted marketers have the same advantage as introverted sales people. They dig to discover what it is their prospects truly want. They ask questions, be it in person, over Skype, in forums, via email, etc. And they pay close attention to the answers.

These same marketers spend time researching what successful marketers are doing. They don’t assume they already have the answers – instead, they look to those who’ve succeeded and they ask how it was done and how it can be duplicated.

Now mind you, extroverts can master the skills of asking questions and listening to the answers as well as any introvert, if they try. It doesn’t come as naturally for them, but it will come with practice.

And if you look at the most successful people in the world, what you will find is they stand on the shoulders of those who came before. They asked questions, got the answers and used this knowledge to carve their place in the world.

Try it. Next time someone asks you for advice, ask them questions first. Next time someone asks about your product, ask them about their needs first. Next time someone is on a forum looking for help, ask them for more information. And then pay close attention to what they say before you make your reply.

It’s an almost unknown fact that asking the right questions and listening to the answers can be one of the highest paying skills in the world.

2 Ways to Enter the Conversation that’s Already Going On in Your Prospect’s Head

You’ve heard that adage before, haven’t you? It’s akin to walking over to someone, standing beside them, making them feel very comfortable with you, and then gently, subtly, asking them to walk with you.

2 Ways to Enter the Conversation that's Already Going On in YourProspect's Head

They’ll go along with you quietly and in agreement almost every time.

Contrast that with standing far away from someone and shouting to them that they need to come stand where you’re standing or else… Or else they’re stupid, or else they’re missing out, or else they’re making a mistake, etc.

This is the point where most prospects dig their heels in and say, “Oh yeah? I don’t think so!”

Can you blame them?

This is why you want to start where they are. What do they already think or know about your niche, about your product or service, or about you?

If prospects routinely believe your offer is too good to be true, lead with that. “I know what you’re thinking… this is simply too good to be true. I thought the exact same thing myself, but then I discovered that…”

They might think this isn’t the right solution to their particular problem. “You might feel that in your case, our product won’t make the difference you need and want. I felt the exact same way when I had this problem, but what I found was this product not only ____ and ____, it also ___…”

You might start with the problem itself. Your prospect is in financial difficulty, so talk about what that feels like, how it affects them, how it makes life difficult, etc.

And here’s an entirely different way to start where they are in their minds, and that’s to begin with whatever it is that everyone is talking about right now.

For example, let’s say you’re sending out an email and the big story today is the revolution in another country, or new photos from space, or some crazy thing the government is doing. Whatever it is, the story is plastered all over the news. You can lead with that and gracefully tie it in with your marketing message.

Celebrities are fantastic for this. People love celebrities: Movie stars, rock stars, sports stars, etc. Start out talking about the latest celebrity news and tie it into what you want to say.

For some inexplicable reason, celebrity is frequently confused with credibility. Thus when you tie a celebrity in with your product, even when it’s perfectly clear that they are not actually related in any way, it elevates the status of your product in the customers’ eyes. Strange but true.

Using the news or celebrities necessitates creativity on your part. Make sure it’s in good taste, and that it makes sense. Also, when possible, make it entertaining. In fact, always strive to be interesting and entertaining – your customers will love you for it.

One last thing – if you don’t know what’s going on in your prospect’s minds, it’s time to find out. Hit up social media to find out what’s being talked about, or go to the forums to see what problems people are having. You’ll discover enough in 15 minutes of research to craft a half dozen marketing messages that all begin with you entering the conversation in your prospect’s head.

Home Business Ideas and Opportunities

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