HOW TO SELL ON AMAZON IN 2023 (Beginners Guide)
HOW TO SELL ON AMAZON IN 2023 (Beginners Guide)
This week’s video is about how to sell on Amazon and, most importantly, choosing the best Amazon strategy that suits you and your circumstances. The most important task of choosing the correct Amazon strategy that says you and most importantly, your circumstances. The best, the top three most popular Amazon strategies are Amazon, F B F, BM and Amazon Drop Shipping. I’ll explain all three and also show you the data from Google showing which one is now the big mover and shaker.
All three of these Amazon strategieshave their pros and cons. Some required outlay, thousands of dollars for inventory, and others require less than a hundred dollars. This is why it’s critical to your success. If you look, just focus onthe strategy that suits you your goals, and your circumstances the best if anybody near this channel. My name’s Neil Waterhouse. I’ve been selling online or full-time for 24 years. I’m the author million dollar eBay business from home Creative Drop ShipFormula, and I’ve been selling on Amazon around the world for 22 years.
So let’s launch straight into it. First, the pros and cons of Amazon fba, fbm and Amazon drop shipping. FBA is short for fulfillment by Amazon. Fulfillment by Amazon means that you send your inventory to an Amazon warehouse and every time one of your items sells Amazon packs up your item and ships it to your customer. Amazon also with FBA, looks after your customer support for you. That’s the good part. The bad part for a lot of people is you need to have enough funds to purchase the inventory to send to Amazon and if you want to buildan Amazon business to replace a full-time income, you’ll need on average tens of thousands of dollars to spend on inventory.
The other negative with Amazon FBA is if one or more of your product lines does not sell you’ll either need tosubstantially drop the price possibly below your cost price or, and or have Amazon ship theproducts back to you because if you just leave them in the Amazon warehouse Amazon will startcharging you a monthly fee for all the items that are not selling. Next is Amazon fbm. FBM is shot for fulfillment by merchant. In other words, fulfillment by you or me is we are the merchants. So with Amazon fbm you list your items on Amazon, but when they sell you box ’em up and ship ’emto your customers yourself.
The good parts of FBM is because your warehouse the product yourself. You can also list the same product on multiple platforms like eBay, catch Kogan, your own Shopify store, et cetera. So whenever you get an order from any of these platforms, including Amazon you can ship the stock straight to your buyer. The downside of FBM compared to FBA is that you need to warehouse thery yourself and then every time another product sells, you or your team have to box it upand ship it to the customer. You can also though use a third party logistics company known the industry as threepls to warehouse your products for you, and the three PL will ship the products directly to your customer.
The big downside for alot of people with FBM like FBA is you need enough cash upfront to purchase inventory before it sells. This leads to the third Amazon strategy and that is drop shipping. Drop shipping is now the big mover and shaker and this is due to technology that is now available to automatically check your local supplier’sinventory levels, as well as low-cost overseas virtual assistance from $1 per hour. Over the last five years we’ve seen a big movement to drop shipping not just from online sellers but also with traditional bricks and mortar stores. The big advantage of drop shipping is that you only purchase inventory from your suppliers after you get a sale. Then after your customer pays, you place the order with your supplier and your supplier boxes the item up and ships it direct to your customer so you never see or touch the product.
The other big advantage of drop shipping is that you can work from almost anywhere on this planet. You can literally run a drop-ship business from a yacht in the middle of the ocean. All you need is access to the internet and with the latest generation of S phones, this is pretty much everywhere, way from the above ground becauseyou don’t hold any inventory. The size of the business is not limited by how much cash that you have. A drop-ship business is cash flow positive as the customer pays before you purchase theinventory from your suppliers. The downside of drop shippingis profit margins are on average, one-third lower than importing.
However, even if your marginsare only half of what they are with F B R fbm, you can list 10 times or a hundred times, or a thousand times more products than other people because you’re not limited by your bank account. This is why not only online businesses have moved to the drop ship model, but also why more and more traditional bricks and mortar businesses every day are moving to the drop ship model. Dropshipping for traditional bricks and water businesses means they don’t need tolease a bigger warehouse and hire more staff and also increase their overdraft to purchase more inventory.
With drop shipping, you don’t hold any inventory so you don’t need aware house, so you don’t need an overdraft, and you don’t need to employ packers and best of all, you don’t need to purchase any inventory until it’s sold. So the next step with your journey of learning how to sell on Amazon is to choose which strategy suits you and your circumstancesthe best, Amazon fba, fbm or drop shipping on Amazon. If your preference is Amazon fba, the next step is to watch this video up here. If you prefer Amazon fbm. The next step is to watch this video down here, or if you prefer Amazon drop shipping. The next step is you need to watch this video up here and I’ll also put links at the very end of this video to those videos. If you have any questions at All, all, please leave themin the comment section below. Until next week, stay safe. Li Elmore, this is your Waterhouse.
I will also show you data from Google showing which strategy is now the big mover and shaker.
✅ How to Make Money With Amazon FBA Step By Step
✅ How to make $4,000 monthly selling on eBay and Amazon, from home.
✅How To Make $1,000 Profit Each Week Dropshipping
✅Free list of 934 popular dropship suppliers
✅ How and where to get low-cost overseas staff from $1 per hour for your eBay, Amazon or Shopify business https://www.neilwaterhouse.com/va1
✅How to see Dropship Suppliers’ Best Selling Items!
✅ How to find dropship supplier’s best-selling items
✅ How To Choose a Username To Increase Sales
✅ Top 12 ways to get traffic to your Shopify store. Free and paid.
✅ How to increase eBay Sales Fast!
✅ How and where to get low-cost overseas staff from $1 per hour for your eBay, Amazon or Shopify business
✅ How to quickly find eBay Best-Selling items – To sell yourself
✅ How to find the hottest keywords. Keyword Research Tools
✅How to AUTOMATICALLY reduce eBay defects
✅Here is a free list of 934 popular dropship suppliers
✅ How To Find Profitable Products To Sell on Amazon
✅ How to setup Scarcity Manager
✅ Download – Dropship Suppliers Top Selling Items Spreadsheet
✅ How To Quickly Find eBay Best Selling Items.
✅ How to Increase eBay Sale By 16x. The 16 Times Rule
✅ Understanding eBay Cassini Search Engine to Increase Sales
✅Automatic Supplier Inventory Management for eBay, Amazon, Shopify
✅ How to enable eBay’s out-of-stock function
✅ How To Make $1,000 Profit Per Week Dropshipping On eBay
✅ How to increase eBay Sales Fast
🚀 Beginners Guide To Starting an eBay Business.
✅ How to find eBay Best Sellers in 5 Steps https://www.neilwaterhouse.com/find-ebay-best-sellers
✅Overseas Virtual Assistants From $1 Per Hour
✅Beginner’s Guide to Starting an eBay Business
✅Beginner’s Guide to Starting an Amazon Business
✅eBay Dropshipping | Top 8 Secrets | 23 Years Selling On eBay https://www.neilwaterhouse.com/ebay-sec-1/
🎬 My Free- Step By Step – Dropshipping Course – Dropship Formula™ https://www.neilwaterhouse.com/drop
✅Check the ebay dropshipping secrets. eBay Dropshipping – Secret 1
✅How To Build a 7 Digit Dropship Business – Step By Step
✅Free list of 934 popular dropship suppliers all over the world including Australia. https://www.neilwaterhouse.com/ds-suppliers
✅How and where to find overseas staff from $1 per hour Click here
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