In your constant pursuit to the question how to make money online: let Amazon FBA be your answer. However, before you answer the question think what are the operational details behind this business? How much will it cost? What will the time frame look like for return on investment? How much time do I need to devote to this business?
These are all legitimate questions that an Amazon FBA business will have you wondering. You would be right to question an investment that could either ruin you or make you very successful. This business, is no different than any other business except the fact that, it is ran entirely online.
So, how does it even work? Well I am glad you asked. Amazon FBA basically fulfills many services for you as a seller. They receive your product, advertise your product, ship your product and answer customer service questions for you. They do this all for a very small fee of $40 a month.
Also, Amazon FBA integrates with your Shopify account which allows you to ship product directly to your customer if the product is sold on your store. The customer is completely unaware of Amazon’s involvement and you pay Amazon a small fee. Believe me it is an amazing way to make money online.
Several other operational details need to be kept in mind. These are the fee’s you should budget for:
- Amazon FBA fee’s (Amazon FBA Calculator)
- Shipping fee’s
- Advertising / Affiliate Marketing
- Shopify store
- Graphic Design
- Virtual Assistant
- Insert Cards
- Follow up Email Service
These are just a few of the basic things I look at when projecting a forecasting a budget for my new business. However, they are all crucial operational details you need to look into when trying to discover how to sell on amazon.
Also, keep in mind that there are several Chinese holidays that could affect production times. Here is a list of Chinese holidays you need to be aware of and ask your supplier about almost immediately to see how they keep up with production during these seasons.
Another thing you need to look at is the time commitment. How long will this business take away from your day? Really I would have to say that Amazon FBA really is one of the least time consuming businesses you will mess with in this world. Also, it is great because most of it can be done with the typing of your keyboard or the click of a mouse.
Weigh all of your investment options for the future and come to a conclusion how you want to move forward. I can tell you though by experience that this business is lucrative if done correctly!
If you are looking for some daily motivation head on over to my podcast or go to my YouTube channel! Some other great sources of motivation are The Amazing Seller and Cody Hawk. They both have helped my business so, I will always recommend their services!