FREE eBook - Amazon FBA:
SUBSCRIBE for the latest videos *NEW VIDEOS EVERY WEEK*
SC/Periscope @M2JaspreetSingh | Instagram @MinorityMindset
Instagram:
Facebook:
I'm Jaspreet Singh & I created Minority Mindset to motivate, teach, and inspire others to do what they want. While going to school and starting my businesses, I realized school is really good at teaching you to be an employee, but it doesn’t teach you to create value & it doesn’t teach you anything about financial literacy. That’s why we’re here. And, no, we are not trying to sell you one of those “bootcamps” or “masterclasses” on how to get rich.
A community of hustlers and entrepreneurs; we are on a mission to motivate, teach, and inspire entrepreneurs and hustlers to be the best they can be, because average sucks. Only a minority of people will risk it all to make their dreams a reality - will you? #ThinkMinority
Entrepreneurs | Hustlers | Innovators | Investors
How To Make Money On Amazon Amazon FBA | Minority Mindset - Jaspreet Singh
What’s up everybody my name is Jaspreet Singh & welcome to the minority mindset. You probably have heard of people making lot of money by selling things on Amazon. So today, I am going to talk about how it works and how you can make money selling things on Amazon, and be sure to watch until the end so you don’t miss any vital information.
Internet shopping is the future of retail and Amazon is dominating this industry. Amazon has over 244 million users, your job is to provide products some of these people need because amazon is doing the work finding customers. You find a product you want to sell, give it to amazon to hold in their warehouse, and when someone buys it, Amazon will ship it out. You make the money without ever touching or seeing the product!
So let’s break it down, here’s how it works in 6 steps.
Step 1, you need to find a product. I recommend looking for products that are already selling because you know people are buying them. You can search the top 100 products in a category and see if you find something you like. Look for something that isn’t too big or heavy to keep shipping costs low and look for something where brand loyalty isn’t very strong like Yoga Mats.
Step 2, Once you find a product you want to sell you need to find a supplier for the product. You can find the supplier overseas by using AliBaba, AliExpress, or DHgate. Or you can find a local supplier by searching for the product manufacturer on google.
Step 3, once you have a product and a supplier, you need to make sure your profit margins are big enough. Amazon has a calculator you can use, where you plug in your cost of the product and the sales price, and they will substract all their costs to show you how much you would profit.
Step 4, once you have a product you need to get it sent to Amazon so they can store it and ship it out when someone buys it. This is called Amazon FBA or fulfillment by amazon. You will need to sign up for what’s called a Seller Central Account. Once you do this, Amazon will give you the address where to send the shipments and they will give you more information on how the shipments need to be packed.
Step 5, to sell things online you will need UPC codes which are barcodes to help Amazon identify and sort products. And when your product is on Amazon, it comes down to marketing. Take quality pictures, and have a lot of pictures. Write a long description, answer people’s question when they ask, and ask for reviews after people buy!
If this is something you are interested in learning more about, I have a free ebook you can download where I get into more detail about each step and how you can get started. Click this link right here.
Like anything else, results are never guaranteed. If you spend the time in creating an amazon business, you can make a lot of money doing this just as some people are.
Quick tip, And when building a brand, you can also request your suppliers to brand your products with your company’s logo so you build brand recognition. I also recommend that you sell products within one niche so you can up sell your customers. For example, if you are in the fitness niche and someone buys a Yoga Mat, you can sell them a yoga ball if you carry that too. You have to treat this like a business if you want to make money doing it.
This Video:
Channel:
Based in Detroit. #Punjab
Jaspreet Singh
source
Subscribe to:
Post Comments
(
Atom
)
0 comments:
Post a Comment