Unless you are using Amazon to simply get rid of a few pieces of unwanted household junk,then i I would think you are interested in really reaping the full benefits from an Amazon business. The best option for maximizing your potential is to consider product sourcing for Amazon. This will give you many different products to sell, market and profit from using the Amazon auction model. It is vitally important that you do your homework and research first and choose the right partners in your venture, otherwise you stand a very real risk of falling at the first hurdle. Here are some tips on how to really make the most of your Amazon selling career and in the process generate a solid source of income.
Learn how Amazon works
I don’t just mean the basics, really investigate and immerse yourself in Amazon knowledge. Look at power sellers and understand what it is that they are doing that makes them so successful. Then model yourself on their business practices. I am not saying copy them word for word, but look at their layouts, how they build their pages of their business model.
What’s Hot on Amazon
Investigate and identify what’s hot on Amazon as well as the long term best sellers. You want to be selling popular products that are easy to generate an interest for. Once you have a proper handle on this you will know what the best items to sell on Amazon really are. Then using the information from above exploit your knowledge by making your adverts and auctions the best on Amazon.
Sort out your Supply Chain
The steady supply of products that you are aiming to sell needs to be sourced properly. Unless you are extremely rich and want to setup a large warehouse full of products then wholesale dropship supply could very well be your best option. Setup vendor agreements with several different wholesalers, and that way you will always have a virtually unlimited stock of various products to sell. Another huge benefit to this is that you get rid of the shipping process to your vendor partner, which will benefit you and your customers. There are some great wholesale dropship supply retailers out there that would love to have you selling their products and pay you commission for each product you sell. When you are researching look for wholesalers for Amazon sourcing who offer good buy rates so you can mark up significantly to make a decent profit and who will also provide the dropshipping at no extra charge to you.
Cover wide and varied markets
It is essential that you diversify your product choices to cover different consumer markets. This will more than likely necessitate utilizing different suppliers but that is fine. If you want to work with a music Cds dropshipper and a pet accessories dropshipper then go for it. Who says you cant use a general store type approach where you cover all the bases. In fact i would go so far as to say this is almost a must for effective product sourcing for Amazon strategies.
Quality and Customer Support
Make absolutely certain that you are convinced of the quality and support of each of your suppliers. There are plenty of options for product sourcing for Amazon so don’t accept poor quality products or second rate service. They need to be deserving of your business and your customers need a quality product so don’t accept second best. Take your time and find the right suppliers to represent. In the long term a little effort now will have far reaching benefits.