The 3 Main Ways To Earn Money From Amazon

In this article, I am going to go over the three main ways to earn money from Amazon. Namely:

  • Private Label
  • Wholesale
  • Dropshipping

Each of those ways has a different definition for each industry.

Private Label

What is the Private Label method? Essentially selling products with a Private Label includes finding products which sell well in Amazon, making their own package and logo and have better deals than what they compete against.

Step 1: Research and selection of a product:

This might be the most important and time-consuming step in the process. That is because the website publishes detailed lists for their top-selling products. Despite the lists being made for the purpose of giving the users an opportunity to view what is popular, you can use it to your own benefit as well.

The ranking of the bestsellers is essentially used to search for the product before posting it on the market. Instead of developing a product and testing it to make sure it sells well, you can start by making sure it does sell well and then decide if you want to post it for sale. Pick popular products that are used by everyone, like water bottles, silicon spatula or a flashlight – types of products that can be manufactured with your own brand and packaging. In other words – you don’t want to pick products with a famous brand (Nike shoes, iPhone products) because those are branded products that can not be labeled as private.

Step 2: Find and contact a supplier:

Research a few different suppliers. Depending on how thorough their lists are, you can usually see the minimal required quantity per order (MOQ), price range, time for completion and if they allow Private Label. Nevertheless, you need to e-mail the supplier to receive an exact offer. There is a place to discuss the prices. Just be confident!

Step 3: Your logo, design, and packaging

After you find a supplier that wishes to provide you with a Private Label of the product, you need to choose your marketing materials. Don’t worry though – you don’t need to create them yourselves. Use a website like Fiverr or Upwork to hire professional designers for a decent price.

Step 4: Use Fulfillment by Amazon

Thanks to the program Fulfillment by Amazon (FBA), you don’t have to manage the monotony of the orders for pick-up, packaging and shipment. Although FBA takes a small percentage of your profits, it is worth it for most sellers. Your shipment expenses are included in the fees and your products automatically become eligible for free shipment, which can help you realize more sales.

Step 5: Making your first sale

By lowering the price you attract people to make use of your product. You can also use the indoor advertising system by Amazon.

Wholesale:

Wholesale from distributors and manufacturers. With this model, the purchase and sale have a 40%-50% difference which makes it quite profitable. Best Buy and Walmart use that method. In Bulgaria it is emag.

The wholesale suppliers purchase goods from a distributor and pass them over to a retailer so that they can be sold to the user. The wholesale suppliers research and receive the most cost effective products by selecting from a majority of manufacturers and distributors. Then the wholesalers deliver those products to the retailers for purchase.

Dropshipping:

This model became extremely popular lately. To sell without owning the product. This, I think, is the most universal way to start.

Privileges:

  • You don’t need a large capital – probably the biggest advantage of dropshipping is that it is possible to start an online shop without having to invest thousands of dollars in the inventory. Traditionally, the retailers have to consume themselves with large quantities of inventory for purchase.
  • It is easy to start – dropshipping is a lot easier when you don’t have to handle physical products. With dropshipping you don’t have to worry about :

– Storage management and payment;

-Packaging and shipment of your orders;

-Processing returns and incoming packages;

  • Flexible location – the dropshipping business can be started from anywhere with an internet connection. You can easily communicate with suppliers and clients while managing your business.
  • A wide selection of products – since you don’t have to purchase the products that you want to sell, you can offer a set of products for your potential clients.

All of these advantages make dropshipping very attractive as a model for beginners and advanced traders.

There will be a detailed article on each of these three methods SOON!

Check out videos that might interest you on my YouTube channel below:

SIGN UP for the Dropshipping course “From Zero to Success in Dropshipping” NOW!

How To Automate The Most Frequently Used Actions in eBay

In this article I will show you how to automate the most frequently used actions on eBay (for example: how to copy the address of the buyer and paste it on the page of the supplier; how to easily find and upload tracking from Amazon, Aliexpress and Walmart; directly adding products into the cart in the website of the supplier; sending a message to all clients with one click, automatically redirected to the page of the product through cashback sites) with the tool Auto Order Hero – one of the handy tools included in the course “From 0 to Success in Dropshipping”

Auto Order Hero is an extension of Chrome which does not use API on eBay which means that you won’t be flagged by eBay. It is also one of the easiest, secure and effective solutions for your business.

It supports Aliexpress, Amazon, Walmart, Bangood and many more.

  • The first function of the tool Auto Order Hero is automatically adding tracking number to track the orders in eBay (The Upload Auto Tracking function will save you an exceptional amount of time. Time which you can invest in finding the suitable products for your shop.)

Check out how this function works in the video below:

  • The second function of Auto Order Hero is copying the buyer’s address and pasting it on the page of the supplier. (Copy/Paste Buyer Address)

That way you can copy the entire address of the buyer with one click instead of having to manually copy each row individually.

Check out how this function works in the video below:

  • The third function of the plug-in Auto Order Hero is automatically pasting the buyer’s address on the website of the supplier (insert buyer address).

Check out how this function works in the video below:

  • The fourth and quite important function of Auto Order Hero is automatically adding products to cart in the website of the supplier (auto add to cart).

A very convenient function that adds the product directly to the cart on the website of the supplier you’re buying from, without having to waste time searching for the relevant product.

Check out how this function works in the video below:

  • The function Send Bulk Messages allows you to send a drafted message (template) to all or specific clients. It is useful if you want to remind your clients to leave a Feedback or to just thank them for buying from you.

Check out how this function works in the video below:

  • Another function of Auto Order Hero is Copy/Paste in Large Scale – which allows the faster and easier performance of a few orders at a time and their shipment through the website of your supplier at the same time. That will undoubtedly save you a lot of time.

Check out how this function works in the video below:

  • And the last function of this convenient plug-in Auto Order Hero is Effective Cash Back. This function allows you to use Cash Back faster and more conveniently while buying from your supplier fulfilling an order from eBay. With this tool, you will be automatically redirected to the product on the website of your supplier but with the difference that you have already gone through the Cash Back site of your choice.

Here are the supplier websites which Auto Order Hero supports:

Supported Supplier Websites

Find out more about Vitan Radushev – the creator of Auto Order Hero Click HERE.

SIGN UP for the course “From 0 to Success in Dropshipping” HERE.