How do you think about the idea of earning some money while you are sleeping? There is a quick way for you to generate an income online. Fulfillment by Amazon (FBA).
#1 Not following the guidelines
A lot of sellers created an account without reading Amazon’s terms and conditions first. Then one day they wake up with their account suspended or, even worst, banned. Haste makes waste. Be careful from the start.
Tips for you: Read thoroughly the Amazon’s policies before getting started. It’s also a good idea for you to watch videos on Youtube, read blogs that guide you on how to make money with FBA.
#2 Not doing proper product research
The goal with Amazon FBA is to find the most profitable products to sell. If you don’t do enough research before choosing what to sell, you may easily fail.
Don’t ignore the competitiveness of the products. Don’t choose the products on emotion, either.
Tips for you: Try to use a tool to help you out. It helps you save a lot of time by providing you with lots of insights like reviews, the BSR price, inventory level, estimated sales, and so on. Instead of guessing and then making decisions, you will know what to do based on data and facts the tool gives you.
#3 Focusing on a single product
What happens if you wake up one day and realize that your product is not selling anymore? This is absolutely not a smart strategy.
Launching an Amazon business is about building a brand. First, start your business with a product and perform the research for it. Then, consider ways to extend your product line. Having more products means you won’t be worried about the profits.
Tips for you: Research the market and choose at least 2-3 products to make money with FBA.
#4. Competing against Amazon
Never try to compete with Amazon unless you want your business to die soon. It’s almost impossible for you to compete on prices because Amazon has the highest margins. They not only can lower their prices more than you’ll afford but they also do have higher stocks than any sellers.
Tips for you: Research the market to make sure that Amazon doesn’t also sell the items you are going to sell. Camel Camel Camel can help you out to find even the items Amazon has used to provide but run out of stock.
#5. Not having standard images and optimized product listing
The product listing tells your customers what you sell. A good one will work and a bad one will turn customers away. In addition, the image has to be correct as Amazon’s policy is quite strict. So, they need to be spot on.
Tips for you: Make sure that the product listing exactly matches the product. Remember it’s the fundamental requirement. Do not use images which feature multiple products and do not include animated images. Amazon requires that the main image for your product include only the product that you are selling, on a white background.