I have had a shop on Amazon for only a year today. It didn’t become profitable until roughly two weeks ago. I’ve really lost money for about 8 consecutive months lol. I knew it had possible I just had to determine how to stop the bleeding!
I wanted to make some strategies for you so that you can stop the annoyance and get started making gains on amazon.
· you need to find a product that isn’t how to sell on Amazon plastered around amazon. Many drop-shippers have folks already advertising their products and services. If more than 1 individual has the exact same merchandise it will end up a price war together with parties maintain lowering their cost to discover the sale. Ultimately it gets to the point at which you’re earning $1 per purchase.
· Your fall shipper must stand behind their merchandise and also pay for return shipment of damaged items. If they do not cover that, then YOU will. The very last thing you need is the unhappy buyer. Amazon will shut your account quite quickly in case that you get complaints.
· Your fall shipper has to be timely. I had a couple of shippers that could wait months to ship out their merchandise. I ended up sending a great deal of free things because individuals had to wait around for long. . But if they don’t send it, don’t get the work done for them!
· Do not stretch yourself too thin. I really do not recommend having over 200 goods on Amazon. When I began I’d 3,000 goods on there since I thought Id make more. WRONG! With that quite a few products that you can not maintain in everything the maker has in inventory. I got in trouble real fast because I get a purchase and then figure out there wasn’t even inventory. In the event you cancel way a lot of orders amazon will shut you down. And of course, your clients will not be pleased and you won’t earn money on amazon.
· After uploading your products and services double assess EVERYTHING. I can’t describe to you just how often I lost money because I forgot to specify a zero or that I simply flat out put the wrong price because I was in a hurry. Some customers got some authentic cheap stuff from me haha.
· If you make a mistake, then you pay for this. The peat customer is well worth every penny and you’ll feel better to get the ideal thing.
· generate a website for each product lineup. Its free through amazon. Usually do not compile all your products and services on a single site. As soon as I started I place all my own 3000 goods on a single site Ha ha. Don’t do it!