I know that a lot of you are looking for ways to make money from home and earn some side income. A good way to do this is to become an Amazon Seller. I shared with you how I started selling on Amazon and make $50 per hour on average, it’s more during the holiday season.
I wanted to share some tips on how to sell on Amazon FBA and start earning $1,000’s every month, maybe even more!
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I love selling on Amazon because I can do as little work or as much work as I want. I think this is a great option for college students, moms, retirees, and anyone who wants to make some extra money on the side.
I do this part time but there are sellers who make a full time living doing this. They earn $100,000’s in income every year. That’s amazing!
I have been selling on Amazon for about 3 years now and there are things I have learned along the way. This isn’t for everyone but everyone is capable of doing it, you just have to put in the work.
You need to start off selling on Amazon the right way so that you will save yourself a lot of headache and stress down the road. I want to let you know a few tips for beginners to set yourself up for success and start seeing that money rolling in!
How to Sell on Amazon FBA for Beginners
Have at least $500 for Inventory
Before you sign up for an Amazon FBA account, try to have at least $500 saved up. This is what I did when I first started. I think that is a good number to shoot for.
Some people have started with less but this amount enabled me to buy a good amount of inventory to send in at once.
I didn’t spend the $500 all at one time, I probably did it over a month. I just searched for clearance items and things that were great deals. Once I had about 40-50 items, I sent everything in. It is more cost effective to send in more items at a time so don’t start off with just 5 items.
There is a cheaper way to get started selling on Amazon FBA that you may be interested in if you don’t have that much money saved up right now.
Get a Professional Amazon FBA Account
You may be wondering, “How much does it cost to sell on Amazon?”. If you are serious about making money by selling on Amazon, go ahead and sign up for the Professional seller account.
The Professional account is $39.99/month but you don’t have to pay a listing fee when you are a professional. The listing fee for the free account is $1/item. So as long as you sell 40 items a month, you are breaking even.
I sold over 40 items my first month so it ended up saving me money. I am so glad I went with the Professional account from the beginning, that way I didn’t have to deal with the headache of switching over my account.
How to Sell on Amazon Successfully
Take Courses and do your Research
One thing I did before I even signed up for an Amazon seller account was to take courses. This isn’t something you learn how to do in college so you have to learn from those that have been doing this for awhile.
I really like the courses and ebooks that are offered by Jessica Larrew. She sells on Amazon part time with her husband and they make over $100,000 every year!
I haven’t read their report for 2017, but I’m pretty sure it is much more than that. Needless to say, she knows what she is doing.
She offers a free 7 day email course that tells you everything you need to know to start selling on Amazon today. She has some really great tips.
If you are really ready to dive into being an Amazon seller, she offers a full blown course called Amazon Boot Camp. It has been taken by over 3,500 students and they have some amazing success stories. These are people just like you!
She tells you everything she knows about being a successful Amazon FBA seller and keeps the course updated for changes that Amazon makes, which they do a lot.
It has saved people hours of searching through blog posts and Youtube videos to find the answers to their selling questions. I highly recommend her products if you want to learn how to sell on Amazon FBA!
Sign up for Cashback Programs
You will be buying a lot of inventory over time so you might as well save as much as you can and get as many rewards back as possible.
Look into getting a credit card that has awesome reward or cashback benefits that you can use to purchase your inventory. You will be surprised at how much money you start saving just by doing this one little thing.
Also, take advantage of cashback programs like Ebates and TopCashBack. When you start buying inventory online, this will help you save on pretty much every purchase and you don’t have to do anything special.
Start Getting Shipping Supplies
You will go through a ton of shipping supplies when you start selling on Amazon. Start looking out for deals on packing tape, labels, printer ink, bubble wrap, etc. and purchase it when prices are at the lowest.
I love shopping for this kind of stuff around back to school season, the deals are incredible!
Start asking people you know for their cardboard and moving boxes that they will be throwing away. I hate paying for cardboard boxes so I ask everyone I know to save them for me if they have them.
I have a stack of them in my garage for when I need to ship inventory.
Just start keeping an eye out for stuff like this so you have everything on hand when you are ready to start selling.
Invest in a Barcode Scanner
One thing I regret doing when I first started selling on Amazon was not buying a barcode scanner. It was the best $20 investment I made.
I don’t know how I entered every single item manually, it was such a pain. The scanner saves me so much time and I get my shipment done a lot faster which is necessary when you have a toddler who is trying to unpack all of the toys you are trying to ship out ;).
Those are just a few of my tips for how to sell on Amazon FBA successfully . I really hope that you will look into it as a work from home option. It has really made a difference in my life.
Take advantage of the free email course to help you get off on the right foot. I want to see you succeed!