I would like to talk about a business that needs as little money as 100 USD as a starting capital.
Basically, what you need to do is to buy cheap products from sites like Alibaba and sell them on Amazon. How does it work? Amazon is online shopping for the best selection of products. You can sell here books, home appliances, DVDs, home decor, clothes, shoes and much more.
FBA Service
Amazon has a special service called FBA. The acronym stands for Fulfilment by Amazon. These are modern, secure facilities with a highly automated pick, pack, and ship processes to facilitate the safe and timely processing of inventory and customer orders.
To start selling on Amazon, you need to send your items to FBA facility. Amazon will take care of your customer orders. This means that you do not need to ship a product to your customers yourself. Amazon will do the job for you for a small fee.
Choose a product that will sell
If you are thinking of doing business with Amazon, first you should find a product that will sell. This requires a lot of research of online shops. Once you identify the top sellers, you can order them at Alibaba. Then get registered with Amazon and FBA will take care of your products.
The amazing thing about this business is that you do not need a whole fortune to start a business with Amazon. Some 100 USD is good enough to test the product.
Proper marketing
Don’t think that once your product is at Amazon storehouses, your sales will sky-rocket. There is no business without proper marketing. One thing to remember is that your product’s sale depends on customer reviews and your rating.
What if you just started and have no customer reviews? Good advice is to drop the price of the product and share the link in social networks. You can ask for symbolic money for the product against good reviews. Once you have good reviews under your name, your chances to have big sales increase.
Another important factor is the choice of the product. You need to do a lot of research beforehand. Try to research not only Amazon top sellers but products in other online shops. The choice of the product will determine the success of your business.
Testing
And finally, test your marketing, test your customer likes. There are no good or bad ideas. There are ideas that work and ideas that do not work. So, even if you think something will not work, test it anyway. You do not know what the outcome will be. Your business will depend on your creativity.
If you like this article, share with your friends in social networks. This is an incredible chance to invest with little money and most of your friends will love it!
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- Brett Standard
- Publisher: Independently published
- Paperback: 231 pages
- Dan Blakely
- Publisher: Silver Sea Publishing
- Paperback: 195 pages
Last update on 2020-03-19 / Affiliate links / Images from Amazon Product Advertising API
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