Selling on Amazon can be done in multiple, with this method you can be selling an Amazon product within 48hours. No sourcing product, no branding creation, no supplier negotiations…nothing 🙂
The beauty is you don’t need to be an Amazon seller, and it doesn’t matter where you live.
The overview of this strategy, is:
- Find a product on Amazon you want to sell
- Build a Shopify website for the product
- Set up targeted advertising to your website
- Collect payment (mark the price up)
- Ship product (buy and ship to the customer)
- Focus and scale the profitable traffic channel
- Launch your own product later
In essence you become like an affiliate for the Amazon product. And then if it’s profitable you create your own product.
Most people are going through the whole process of sourcing products, but if you can put up a Shopify website and are comfortable doing some advertising on Facebook or other platforms, then is an easy way to get in the game.
Click to checkout the article here: http://www.aidanbooth.com/48-hour-sales-machine/
Written by: Aidan Booth
Summarization / Analysis
The first issue that comes up is the lower margins versus having your own product. However, once you get outside traffic profitable to your product, no matter if it’s just breakeven, then that’s a huge step towards having a self-sustainable business.
Most Amazon FBA sellers are trying to be profitable within Amazon, but if they could have a profitable outside traffic channel then that would help out tons to their business.
Amazon is favouring outside traffic more as described in the free guide, because it makes Amazon money, so doing this strategy to start out at is both easier and quicker to launch, and has a high leverage factor for future profitability and sustainability.
When you buy the product on Amazon you could buy it as a gift, that way the receiver wouldn’t know the price and receipt of the product.
Lastly, the startup costs are much smaller with this method. You’re start up costs is just setting up the Shopify site and advertising it (which you can test $5/day on Facebook).
Pretty cool, right?
What do you think of this strategy? If you have questions, please put them in the comments and I will do my best to answer them.
For more about Aidan and his work on building a lifestyle business, financial freedom, and flexibility, check out Aidan Booth.