Tuesday, September 27, 2022

How To Sell On Amazon Without Products

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A Guide On How To Sell On Amazon Without Inventory

How to Make Money on Amazon Without Selling Products

Getting started as an FBA Amazon seller can seem daunting at first. For those who do not have an established e-commerce business but want to enter the world of selling, the question is: how to sell on Amazon without holding inventory in-house?

Fortunately, the Amazon FBA platform is set up to help an Amazon seller at any point in their business journey. There are ways to sell on Amazon without having any in-house stock, plus there are several tools and reports to guide you on what selling option might work best, the pros and cons for each, and how to source and price products for your Amazon store.

In this article, we outline several options for operating your Amazon business without holding inventory in-house. Continue reading to understand which option will help you optimize your e-commerce business and reach your goals.

Ways To Earn Money From Amazon With Zero Investment

Amazon is the uncrowned king of eCommerce marketplaces. Each month more than . That is the highest compared to any other eCommerce marketplace.

It also managed to generate a revenue of $238 billion in 2018 and was predicted to cross the $300 billion mark in 2019.

As well as making money itself Amazon offers numerous ways for people like you to make money. Even better, its possible to make money from Amazon without investing a cent.

To know how check out these 7 ways to earn money from Amazon with zero investment.

Use Retail Arbitrage To Source Amazon Products

In retail arbitrage, you purchase deeply discounted retail products and resell them on Amazon. It sounds simple, but doing it rightmeaning profitablytakes some work. Retail arbitrage sellers are absolute pros when it comes to hunting up discounted and clearance deals in local stores and matching them with hot sellers on Amazon.

The secret is knowing whats selling well on Amazon on any given day, and for how much. You also need to clearly understand your cost of selling that item on Amazon. Amazon seller fees run about 15% of your selling price, and shipping orders can take a big bite out of your profits if youre not careful.

Luckily, there are tools to help you spot profitable bargains. Amazon pricing apps are the retail arbitrage sellers secret weapon. These are smartphone apps that let you scan item UPC codes and match them to current listings for that product on Amazon.

These apps deliver a wealth of information to help you price your products including the average selling price and buyer demand, your shipping or Fulfillment by Amazon costs, and your potential profit.

Using this information, you can decide if you should buy a product and how much inventory to stock based on the current demand and your profit potential.

You can also see detailed storage and shipping costs if using FBA for fulfillment. The FBA fulfillment option has its own costsbut managed right, it can be far cheaper and less time-consuming than handling fulfillment yourself.

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Does Selling On Amazon Cost Money

As we had discussed earlier, Selling on Amazon can cost you little or almost no money.

According to Amazons survey, for the year 2020 up to 1,000 Amazon sellers started selling on Amazon with little money and they found a lot more success.

  • 55% Of sellers who began with $500 or less have stayed for three years or longer.
  • 38% of sellers who began with $500 or less have earned $5,000 or more per month.

So, while starting selling two main costs you need to consider: fees and the cost of your products.

The Best Tools To Find Profitable Products To Sell On Amazon

How to sell on Amazon without any product reviews

You can try to explore Amazon and brainstorm good product ideas, or you can leverage data by using a tool to find products that meet the criteria above.

Here are the 3 most popular tools.

  • : An all-in-one tool for selling on Amazon. While it is a paid tool, they have a few useful free tools like the sales estimator and product listing grader. Screenshot via
  • BigTracker: Focuses specifically on Amazon product research. They use historic data to predict future hot sellers, and predict how hard it will be to sell particular products. Theres a 14 day free trial, but no free plan or tools.
  • Viral Launch: Comes complete with an Amazon keyword research tool like the other 2 tools here, plus tools to help you find new profitable products to sell. They have some great tutorials on YouTube, like the one below, so that you can see for yourself if you think the tool is worth it.
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    Find Wholesale Products To Sell On Amazon

    Simply reselling goods made by other companies falls under the wholesale sourcing method. This is a very common way to find cheap products to sell on Amazon, especially for startups looking to explore the profit potential of different product categories.

    Its easy to source products from wholesale suppliers online via wholesale marketplaces like Alibaba, Thomasnet, and others. You can also visit trade shows and buyers markets within your industry to find all types of wholesale vendors.

    In fact, a simple online search is an easy way to kick-start your wholesale sourcing efforts and run an efficient ecommerce business. Start by searching for the name of an item youd like to sell and add wholesale.

    When you work with wholesale suppliers, you purchase goods in bulk, often in units called case packs, store your inventory, and ship products as theyre ordered. You can handle product storage, order packing, and shipping yourself or use FBA for these fulfillment tasks.

    However you fill orders, you also need an inventory and purchasing management system to track your inventory levels and ensure you keep enough products in stock to fill orders. Many inventory management tools integrate with Amazon seller account and FBA accounts.

    Pros and cons of selling wholesale products on Amazon:

    If you have a wholesale product that sells well, you can gain higher profits with direct sourcing, which we cover next.

    How To Successfully On Amazon

    One way or the other you will find your niche and the best selling products on Amazon, however, the job is not done here. You will have to focus on certain things to make your product successful on Amazon.

    • Choose products with competitive pricing

    Amazon is a marketplace, it does not matter if you are offering the best product in the world. The buyer is going to compare with the price with your competitors. So, if you can offering the generic product at the lowest price then you have the biggest edge.

    To do so, search out for the best supplier buy product in bulk to cut down the price and make long term agreement with your suppliers to get a good product at a lower cost. Do check the list of 40 best suppliers for your business.

    Learn How to Validate Supplier on Aliexpress.

    • Product with at least 50% profit margin

    To make profits with the product you have to charge at least 50% to keep yourself on the profit end. This will give you enough gap to scratch-out profits after fulfilling all the expenses.

    Product with low-profit margin may give you good sales but you will end up having low money on hand that is not worth it.

    You must keep the Amazon fees in your profit calculation such as FBA fees and referral fees. All fees vary from category and product type.

    • Setting up Sales price between $5 to $50

    Selling between these thresholds of $5 to $50 has higher chances to make the customer do the impulse buying.

    • Identify unique products
    • Check out the Product with Bad Reviews

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    How To Price Products For Amazon Seller Central

    The right product has a substantial profit margin and is also a product that fits your expertise and brand image.

    One easy way to start generating product ideas is to choose a category youre interested in and check out the products where companies have a sponsored listing. In these instances, you know that brands are willing to spend money on these products so that it may be a good indication of ROI.

    Create Accounts With Suppliers

    Sell On Amazon Without Inventory – Tips and Tricks

    Whether youll be dropshipping products from other marketplaces like Alibaba, creating a private label brand with your own products, or selling a product you manufacture yourself, you need supplier accounts. In the case of private labels, youll need to create an account with your chosen manufacturer rather than a supplier.

    If you do decide to go the private label route , you qualify for a brand owners account, which offers benefits for companies such as:

    • Access to the brand registry with tools to help you build and protect your brand
    • Sponsored Brands
    • A+ Content

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    How To Create An Amazon Seller Account For Free

    First, start with the .

    And then select the individual seller account when youre given the option between the qualified or professional seller account and the individual seller account.

    If you choose the professional seller account, a monthly fee of $39.99 may apply by Amazon. But, there is no monthly fee, as an individual seller.

    How To Fulfill The Shipment Or Select A Fulfillment Program

    All right, now, you make a good sell, what next? its time to ship products to your customers.

    And while with Amazon you cant always ship for free, there are a lot of different things you can do to keep costs low of shipment. Like,

  • Use packing materials you already have
  • Sell lightweight and small products
  • Use Amazons Fulfillment by Amazon program
  • All you need to do is ship your goods to Amazon, and from there, Amazon manages them. You can also talk to .

    So, what are you waiting for, your customers are waiting for your products. Wake up, and Get ready to Start Selling on Amazon FBA business for FREE? If you have an issue while product selection takes the help of also, prefer the best .

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    Check The Eligibility And Category Approval

    Before starting with sales channel, please check the requirements below to know whether youre eligible or not.

    • You must on Amazon Seller Central. Be aware that Amazon will charge a monthly subscription rate and per-item fees for selling.
    • Make sure you sell your items in USD on Amazon.com or in CAD on Amazon.ca. You can only sell on Amazon sales channel with the region that matches your store currency on Shopify.
    • Your return policy is at least as good as or even better.
    • You are on an active Shopify plan.

    After having a professional seller account, you need to get approval from Amazon that your products fit the categories. To check whether your products require approval or not, visit this link. Additional fees, performance reviews, and other requirements can be part of the approval process.

    List of categories and products requiring approval:

    • Holiday Selling Requirements in Toys & Games
    • Amazon Watch Warranty FAQs
    • Personal Safety and Household products

    Find A Free Product To Sell By Amazon Fba Business

    How to Find the Very Best Product to Sell on Amazon

    If you are just a beginner at selling and concerned about keeping costs down, we suggest that you find used things for sale around your home. .

    Books, kitchen items, toys, and even electronics often are all great things you can find around your house. You can easily list these products on Amazon and they will sell almost immediately after you list them if they are popular enough.

    You can create your own goods. If you have a skill of art and design, find Amazon Handmade or Amazons Merchandise. With Handmade, the products you use to manufacture your goods are your material costs only.

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    Create A Content Production Plan

    Create a plan with the following:

    • The main questions your site will address
    • The different types of content formats youll use for your Amazon Affiliate Site
    • Pictures youll use
    • Format or structure of each article
    • Topic categories for your affiliate site
    • Key phrases youll target
    • Site plan for your Amazon Affiliate Site
    • Amazon products you plan to promote on your Amazon Affiliate Site

    Be A Wholesale Seller

    For the products that most people and businesses need, Amazon can often offer the most competitive prices, largely because of their network of wholesale sellers.

    Wholesale sellers buy products at a discount because they are buying very large quantities. They can then afford to sell those products at the most affordable possible prices on Amazon.

    This tends to be a competitive industry where wholesale sellers outcompete each other with the lowest possible bottom line prices. You may not be able to make a significant income unless you have your own warehouse space to store products so you wont have to rely entirely on the FBA program and storing products in Amazons warehouse.

    Key Features

    • Opportunity to make large amounts of money with a single lump investment.
    • Passive income between bulk purchases and shipments.
    • Not necessary to advertise or build a website, just price items as low as possible.

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    How To Create An Amazon Seller Account

    First, you need to create an Amazon account if you dont already have one. Go to this page here to create one.

    Next, you can register your new Amazon account as a seller account.

    Be sure to read the Before Your Register section on the webpage. It provides info about the two types of Amazon Seller accounts, Professional and Individual.

    Dont know which account type to use? The answer is simple: if youre going to sell more than 40 items a month, use a Professional account otherwise, select an Individual account.

    Why is 40 items the cut off point? Amazon will charge you $0.99 per item when selling on an Individual account. So, if youre going to sell 40 items a month, you might as well pay for the $40 a month Professional account.

    In my case, I was only selling a few items, so I chose an Individual account.

    Once you choose your account type, youll be asked to login or create an Amazon account using your preferred email. From then on you will need to provide:

  • Business Name and Address
  • Billing Method/Deposit Chargeable Credit Card for Professional Account
  • Tax information If signing up for Professional Account
  • For your seller information, youll need to provide your name and address, as well as a Display name. This will be the name buyers see next to the item youre selling. It can be anything you want, but remember its public. I chose BilboBaggins50 because I was selling some old Lord of the Rings video games.

    How To Sell On Amazon For Free

    How to Make Money with Amazon without Selling Products

    To get started selling on Amazon, all it takes is four simple steps:

  • Find a free product to sell. If youre like me, chances are you have a bunch of collecting dust. Why not sell it on Amazon?
  • Create a free Amazon account. Creating an on Amazon costs you absolutely nothing. All you need is to give Amazon a little information and youre good to go.
  • List your product on Amazon for free. Amazon.coms product database has more than 166 million products. Therefore, chances are good that whatever you hope to sell is already listed. If it is, all youll have to do is add your name to the list of sellers already offering the product.
  • Ship the product when it sells. Once you make the sale on Amazon, all you have to do is ship the product to the end user.
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    How To Decide What To Sell On Amazon

    First and foremost, before you can actually get into the details of setting up your account and creating your listings, youll need to decide what youre going to be selling on Amazon. The products that you decide to sell, after all, have a large impact on the way you set up your store and the way you conduct your business.

    So, how do you decide what to sell? When it comes down to it, there are nearly endless options for products you can sell on Amazon. To have the greatest success, however, here are a few tips to keep in mind:

    • If possible, finding and operating in a niche market can give you an advantage when selling on Amazon. With a niche market, you find a particular space with a customer base that is highly engaged and interested in purchasing your product. Instead of operating in a highly competitive market against big-time sellers and companies, youll have a better chance to stand out and meet the demand of your customers.
    • Demand: Although operating in a niche market is great, you still need to ensure that there is a demand for the type of product you want to sell. Again, youll want to avoid products that everyone is sellingâespecially big companiesâwhere the competition will be too difficult. This being said, to evaluate , you can perform a Google search for your potential products, look at listings on Amazon and other sites, as well as use a search volume tool, like SEMrush, to see how many people are searching for your potential product in any given month.

    Passive Income With Amazon By Selling Products

    You can start working with Amazon by selling products online quickly and securely.

    Since 2010 this modality has allowed millions of people to increase their sales and reach potential customers to boost their business and grow their bank accounts exponentially.

    This modality of work has been so well received that its official site estimates that more than 40% of Amazons total sales units come from third parties.

    To work with Amazon selling products you must formally understand its benefits, determine the sales plan that best suits you and finally fully understand how sales work in this ecommerce.

    How to sell products through Amazon?

    At present Amazon offers two ways of selling. In essence, you can choose to sell as a professional -in case you expect to sell more than 40 products per month-, or as an individual -if you plan to sell less than that amount of products per month-.

    You see, the first one will cost you $39.99 per month plus sales commissions, while the second plan will cost you only $0.99 per sale, plus sales commissions.

    The professional plan is logically the most complete: it allows you to sell your products in Mexico, United States or Canada, or even in all 3 simultaneously.

    As well as customize your shipping reviews, design special promotions for your products, and even give you the option to have your products highlighted in the headers of certain pages.

    Product Selling Process

    Step 1: Register

    Step 2: List your products

    Step 3: Sell

    Step 4: Ship

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