You may already be a consumer of Amazon. But have you ever thought of turning Amazon into your business partner? If not, it is high time you think about it right now. In fact, there is no better way of turning Amazon into your business partner than selling private label products on Amazon. It is a good way to earn a handsome profit at the end of the day. You can do it from your own home. You will not have to commute in traffic-filled streets to make good money using this method. Operate from the basement or attic of your own home, and earn handsome commissions at the end of the day. Here is how to make money selling private label products on Amazon.
Essentially, the business model includes finding generic products that are already selling well on Amazon. Packaging them with your own logo, and marketing them on Amazon better than your competition. In short, it is not difficult to make an extra 2,000 to 3,000 dollars a month with this method once you have perfected it. One thing to stress is that this is not a get-rich-quick scheme that will make you a millionaire overnight. In fact, there are no such methods that will make you an overnight millionaire without hard work on your part. If you are ready to put in some work, you can definitely scale up the business to earn even an extra $10,000 a month. The sky is the limit with this method if you are ready to treat it as a real business. You need to have diligence, patience and a willingness to see the idea through from start to finish.
The most important and time consuming step is the first step of the process, which is the research involved in selecting a product. Amazon has a tool that will help put you in the right direction in this regard. You can use Amazon’s “Best Selling Products” list to your advantage in this regard. See what products sell well by using this tool, and select your product accordingly. Look for products that are lightweight, generic and high ranking. For example, water bottles, flashlights or silicone spatula can be easily packaged with your own branding. You should not select a product that is brand-driven such as an iPhone or running shoes. These products cannot be private labeled. Remember to check out the competition for the product that you choose.
Once you have done the difficult part and found a good product to sell on Amazon, it is time that you contact a supplier of this product. It is unlikely that you will find a US supplier that offers a cost-effective solution for your requirement. China is the best country to find cost effective suppliers for whatever product you choose. There are so many effective ways to do this, and you will much more details in the course.
Once you have found the supplier, you need to get the logo, design and packaging. This is not difficult, and don’t worry, you will not have to create them yourself. There are so many inexpensive ways to get such work done. We go into much more details about this process in the course.
Depending on the product you have chosen, it will be created and shipped to you between a couple of weeks to a months time. Use this time to create a seller account and a listing for your product on Amazon. This will help you be ready to start your marketing when the product arrives.
If you find this lucrative business opportunity interesting, you should definitely get into our course for more details on making money selling private label products on Amazon.