HOW TO Make 5-figures monthly with Amazon
Try these tips (I use them with meda).
1. Find a category you like and make note of the prices. Let’s say Toy Story Dvds sell around $15. Go to other sites like bestbuy or borders to compare prices.
2. You can have an unlimited amount of listed products with no upfront fees on amazon. I recommend a pro account for $40 a month to lower your selling costs.
3. Don’t worry about having the absolute lowest prices. I’ve sold thousands of products (over 200,000 listed and maybe 100 were the lowest price). I’ve sold a lot of products on the 3rd and 4th page.
4. For a long time, I thought only the lowest price sold. Yet, after listing some items, a few days later, they sold. Don’t let price intimidate you!
5. Amazon has very fast loading pages. All amazon needs is the upc code. Amazon already has the picture description and details. Amazon lets you mass upload upc codes in one batch. I did a 50,000 upload once. Compare that to EBay and their slow process!
6. Dropship using any retailer. Get the price from the retailer. Be sure you profit after fees. Use the amazon calculator to determine your costs.
7. Request payment daily. What if you can’t pay the cost of your orders? Just do a daily cash request directly to your bank account from amazon. This takes 3-4 days. Once the money is there, order the product for your customer from the lowest priced retailer.
8. When ordering from your online retail store, make sure the price is not shown when you ship it to the customer.
9. Can you succeed selling over the retail price? A seller listed all of his books/cds over retail. You wonder, “Why would anyone buy from him?” I looked at his volume and his sales. This seller almost always showed on the bottom of the last page. Yet, people bought!! His conversions were maybe .5% of his monthly inventory.
Suppose he has 100,000 products listed. That is 500 sales a month. His profit using dropshipping would average $5-10,000. That is about $2500-5000 monthly selling at retail!
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Comments
PERFECT EXAMPLE OF EXACTLY HOW THIS WORKS!!!
1. amazon.com has Castle Keep
2. amazon.com has fewer than 5 sellers
3. now remember amazon pays you $3 just to ship it
4. here is an amazon profit calc http://www.rolbe.com/amazon_marketplace.htm
5. so if your price is $16.50, you make 3 after fees.
6. go to amazon.com and ship to customer
7. this works with any product. It took a minute to research and find that!
8. anyone can do this!!!
9. It is only $3 so list more or find a more expensive dvd selling for maybe 20 and make 5-7 on each one, or find something selling around $100 and make 20-30 off each one.
10. There is no reason not to make money off of this with enough research.
Wholesale dropshippers are not the best choice. Mostly, their prices are high. Just search amazon for a product.
Suppose it is an audio receiver. Go to something like tiger direct or use shopping.com to find the lowest price. Then, just type in its upc.
You definitely need this before starting…
* Business name, address, and contact information
* A US credit card and billing address
* A US phone number that works for registration