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One of the most popular ways to earn income online is also one of the most hassle-free. Amazon FBA helps you sell your own products without the hassle of storing, shipping, and dealing with refunds or returns, and you can make a significant profit off it.
More than 2 million people are selling products on Amazon worldwide with half of all sales on Amazon sold through third-party sellers. In addition, 66 per cent of the top 10,000 sellers use Amazon FBA.
FBA stands for Fulfillment By Amazon, which means you send your products to Amazon and they store your product in their warehouses before packing and shipping it when it’s bought. Amazon also deals with any returns or refunds, leaving you to just sit back and wait for the direct deposit to hit.
By choosing to use the Amazon FBA program, sellers are given access to the largest fulfillment network in the world. Amazon has 300 million active customers and 90 million Prime subscribers in the United States alone. Plus, Prime customers—who spend roughly $1,300 a year on Amazon, compared to $700 for the average customer—are more exposed to brands that specifically use FBA.
What does that mean for you?
It means more exposure to the customers who spend more money and that’s more money in your pocket. Storage fees and fulfillment fees come out of your final profit, but for some people, it’s worth it.
Especially during a global pandemic.
This father —a utility worker in Queens, New York who supports his family of four from home by selling products on Amazon—has made $60,000 in six months to keep afloat. By purchasing every-day essentials from big box stores and then selling them online, this side hustle became a main source of income.
Getting started on your own online store doesn’t have to be so intimidating, and The Ultimate Amazon FBA & Dropship Master Class Bundle can help get you there. For $39.99 USD, you will learn how to launch and effectively manage your online store while also learning about the ins and outs of product sourcing and marketing.
This course bundle includes more than 40 hours of content that focuses on how to make the most of your product, how to source it, and how to make it into a best-seller. The Ultimate Amazon FBA & Dropship Master Class Bundle is on sale right now for just $39.99.
Prices subject to change.
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July 07, 2020 at 03:00AM
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How selling with Amazon FBA can be a lucrative side-hustle - Financial Post
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