Did you know that you can make money selling on Amazon? Most people only think about Amazon when it comes to purchasing items and not selling them for money. I know when I think about selling an item I automatically think about eBay or Craigslist, but Amazon is also an option to consider. Using Amazon to sell items is a great way to make money online.
Selling used items that are in good condition online is a simple way to get started making money from home. Some of the perks include:
- You do not need to have your own product to sell.
- You do not need to have your own website.
- You do not need to pay to promote.
- You do not need any prior experience to get started.
Selling on Amazon is simple and once you get started you will quickly learn how easy it is to make money selling on their site. Amazon does have certain fees that apply to sellers so be sure to read over their policies before jumping right in. They will take out a percentage of the sale, but you can still double your money selling items after Amazon has taken their cut. You will not be charged any fees until your product sells.
Getting Started Selling on Amazon:
To start selling on Amazon you first need to set up an account. Start here by setting up an individual seller account without having to pay a monthly fee. You will need to provide your credit card information and pick a display name that will be shown to potential buyers. Amazon does require you to verify your identity, which can be done with a simple text message. After that, you are ready to sell!
Now that you have your account setup you can start by picking an item that you want to list first. You will need to do a little research to make sure you are competitively pricing your item. Keep in mind, if your item is used you will need to price it accordingly. Check out what other buyers have their items priced at and consider a price in that range. You have the ability to choose the price of your item and shipping costs. Consider selling the item for slightly less and then making up your profit with the shipping cost.
To start, if you are selling an item that is already in Amazon’s catalog you just need to lookup the item you are interested in selling and Amazon will generate the results. Then, you can choose which one fits your item and choose to sell yours. For example, if you have a used book that is in good condition that you want to sell. Type in the name and find the exact product that Amazon currently offers on their website. Choose “sell yours” and follow the steps to list your item. Make sure you give as much information as possible. If you have multiple copies of the book and you manage your inventory and set the amount that you have to sell.
If you are selling your own manufactured item then you will need to input all of the necessary information that Amazon needs to create the product on their site. Be sure to have clear high-quality pictures and a detailed description.
You then can choose whether you want to ship the items directly to the buyers, or let Amazon handle the shipping for you. In that case, you will need to ship all of your items to Amazon. Here is a little bit of information from their shipping policy.
When you fulfill orders yourself, Amazon platform shipping rates apply to media products (books, music, video, DVD, software, and video games) sold by Professional Sellers, and to all products sold by Individual Sellers. We charge these shipping rates based on the product category and shipping service selected by the buyer, and then pass the amount on to you.
For products that Amazon fulfills for you, in addition to the Selling on Amazon fees, you will be charged fees for order fulfillment, storage, and optional services.
Each time someone purchases one of your items you will receive an email from Amazon letting you know that an order has been placed. Amazon will pay you by direct deposit and will alert you as soon as a payment has been processed.
Selling on Amazon: What should I Sell?
Not sure what you should sell? Amazon has over 20 categories of items that you are allowed to sell on their site, which means TONS and TONS of products. I have seen many people not only sell their used items that they have around their house, but they also purchase new items from stores or garage sales that they know will have a high profit margin. Make sure you do your research first. Become acquainted with their site and check out the competition. Here is a great example. I typed in measuring cups and these were the first 4 choices that popped up. They have a Stainless Steel Measuring cup set for $17.95. Maybe you can get this measuring cup set cheaper from a local store or even a thrift store for only $5.
Go shopping and while you are at the store use your iPhone to see what it is selling for on Amazon. Maybe start with a few products to make sure there is a high enough profit margin for it to be worth it. Always try to double or triple your cost otherwise it will not be worth your time.
You will need to put in the time and the work to be profitable selling on Amazon. Please share in the comments below if you sell on Amazon or have in the past.