If you think you have missed the e-commerce mobility, we will explain how to make money from Amazon to prove that you are wrong, and how to make money by following the right methods. The first thing you need to know is e-commerce. E-commerce, which is defined as the purchase of products or services over the internet, is a style of commerce that has been growing day by day since 1996. The share of e-commerce in the internet network, which exceeds 4 billion users, is increasing every year. E-commerce accounts for 16.9% of all trade with a trading volume of 3.49 trillion dollars in 2019. Amazon, which has approximately 600 thousand sellers, seems to be the safest port of e-commerce. The number one choice of sellers who want to make money online and potential customers who want to shop online is always Amazon.
What is Amazon?
So what is Amazon? Amazon has gone through a long journey over the years to create this sense of trust. Amazon was founded by Jeff Bezos as Cadabra in 1994 and went online as Amazon.com in 1995. The company, which started as an online bookstore, gradually became the world’s largest online retailer. Nowadays, when amazon is mentioned, neither the rainforests nor the Amazon River from which it is named does not come. People from different cultures and countries choose Amazon to make money online. Although Amazon has many competitors in the stockless e-commerce or FBA model, it is seen as the most reliable and the most preferred e-commerce platform. Customer orientation and accurate anticipation of future shopping trends helped Amazon to be noticed and ahead of its competitors. Amazon is one of the companies that use artificial intelligence most advanced.
Amazon is a great opportunity for those who want to join the e-commerce world. Year over year, Amazon is seeing the growth of 25% to 31% and destroying competitors like eBay that are seeing growth only in single households. According to Amazon 2018 statistics, 34% of online shopping made in the USA are made via Amazon. 92% of Amazon sellers plan to continue selling from Amazon in their plans. In light of this wonderful information, it seems clear that Amazon is the best place to make money online. So what should be done to earn money from Amazon, that is to sell from Amazon?
Selling Products on Amazon
To sell on Amazon, you need to develop a business model that suits you. With this business model, the first thing you need to determine if your target audience before opening an online store where you sell your products without stock or with the FBA model. In which market the product you want to sell is needed more. You need to know and analyze the demographic distribution of your potential customers, age, gender, and socio-economic status very well. Only in this way can you make the right decisions and make strong planning. There are tons of ways and models to make money on Amazon. However, the most important point you need to know is your target audience. Whatever you sell, how you sell, if you are unsure about your target audience or if you don’t know your target audience, making money online may just be a dream for you.
Before determining your target audience, you need to know your abilities and economic range of action. For example, if you are an author, you can publish your own books with Kindle Direct Publishing from Amazon. The only problem with this option is that you often have to type a little productively to find success. While it’s possible to publish one or two wildly popular books, the volume is the real name of the publishing game. The more you write, the more money you can earn from Amazon. Prolific and original writers can earn up to $ 40,000 a month.
One of the most used ways to sell and earn money from Amazon is Amazon Fulfillment-by-Amazon or better known as FBA. Amazon FBA means Amazon stores and sells your products. With a certain rental price, Amazon stores your products in its warehouses and allows you to sell them in its system. This system is ideal for those who want to open more companies abroad. To sell your products on Amazon, you must have ready money for rent, etc. expenses. Amazon Fba is the most reliable way to grow if you are one of the companies that want to sell your products to larger channels and whose goal is to develop.
Dropshipping on Amazon
Dropshipping is an e-commerce model that allows you to sell online without stock. Dropshipping, known as stock-free e-commerce, is known as a trade model where you do not take part in the production stage in any way and you do not invest capital for the production of the product. We can say that you have established a kind of supply system between producers and consumers. In this supply system, you can offer the bulk product you buy from the manufacturer to your customers as retail. It is a model of selling on Amazon, which requires the least specific skills and the least capital, where you can earn money online with your profit margin.
Dropshipping on Amazon is very advantageous compared to dropshipping from your website, but it is also risky if you do not know what you are doing. First of all, let’s talk about the advantages, reading these advantages will give you an idea about what kind of work you are doing. You Don’t Need Stock. The best feature of dropshipping is that you don’t need any inventory. In this way, even if you fail, your risk is much less than the models that work with stock. Besides, the lack of stock removes a large part of the need for labor. Therefore, your expenses and expenses are considerably lower than the businesses selling from the warehouse.
Starting sales with the dropshipping method are much faster than Amazon FBA or any stocked sales method. As a knowledge, it is not necessary to learn the details of the job as much as Amazon FBA (learning will of course give you a great advantage). Although in theory you can get started so quickly, we recommend that you read our dropshipping article series carefully and make your decision afterward so that you do not get suspended and your Amazon selling privileges are removed.
If you are selling between Amazon marketplaces in your dropshipping model (you can think of every country as a marketplace on Amazon). For example, if you find products cheaply in America and sell more expensive in Canada Amazon (you can buy from Canada according to profit margin and sell in America), since the place where you buy the products will be Amazon America, the shipping times of the products are such as packaging standards. Many products will be sent following Amazon standards. What remains for you here is to identify profitable products at different prices.
Doesn’t it sound great to sell on Amazon and make great profits that will bring you income? However, to do Amazon dropshipping, you need to do good product research. Which product will you sell in which market, how many products are sold from the same product in that market, and what are the prices, all of them seem difficult to investigate, right? You don’t have to worry about this because pirahas does all this for you and besides promises you a free dropshipping training kit that you can use throughout your life. Sign up for Pirahas for free and get ahead in this competitive market.
If you have found the answer to the question of how to make money on Amazon, we recommend using Pirahas software to make all your product search work easier. Pirahas allows you to find products, add them to your Amazon store, and ship directly to your customers. No inventory, no risk. Let’s get started with dropshipping right now!