There are plenty of opportunities out there in the online world for you to build a successful business. The potential is as vast as the internet itself, but not everyone that tries makes it big. Why is this? There are millions of people online that you can sell to, so surely there is enough custom for everyone. The problem is that some people that are looking for quick and easy ways to get rich think that there won’t be any hard work involved, so they jump right in without the proper preparation. As a result, they don’t have the necessary skills, knowledge and connections to succeed. There are plenty of networks and businesses online that are there to help you out, to provide you with the proper training and development to make you a success online.
So, if you are serious about setting up your own online business and making a serious income through this avenue, you need to find the right opportunity for you. The model I am going to recommend to you today is Amazon FBA. This is the way that I grew a six-figure income in just three months, and you can do the same with a solid foundation.
What is Amazon FBA?
Amazon FBA is also known as Fulfilment by Amazon. FBA is essentially a platform for selling online, via the Amazon marketplace. This e-commerce platform takes away some of your responsibilities, such as shipping and handling, by taking them on itself. So, you list your inventory on Amazon and send it to one of their FBA warehouses. Then, when someone buys from you, Amazon ships the item to your customer. FBA is a time and cost-efficient way of building your own e-commerce business through a brand name that is already established and trusted worldwide. On top of this, your inventory can also be sold through other e-commerce platforms to create a multi-channel fulfilment stream.
This provides you with a number of benefits when compared to other e-commerce models:
• You don’t have to store your own inventory, freeing up associated storage costs and hassles.
• You don’t have to deal with shipping items to your customers, saving you time. Your shipping fees even come at no extra charge, giving you significant savings.
• Your products qualify for Amazon Prime, adding credibility to them and giving customers an added incentive to buy.
• Multi-channel fulfilment adds to your income.
• It’s scalable, so your ecommerce business is free to grow to new levels.
Sound too good to be true? Well, Amazon also benefits from running the platform, as they can control the majority of the customer service process. This means they can control and retain their reputation as a brand with great customer service and customer satisfaction, rather than leaving it in the hands of their sellers.
How did I do it?
If this sounds like something you would be interested in pursuing, then here are a few tips from me on how to succeed on Amazon FBA. The first thing I would advise is to seek out experts and listen to the advice they have to offer. There are many blogs and articles out there, just like this one, from people who have already found success on Amazon FBA, and if they are willing to share their secrets, then you should definitely be listening to their advice. There are many courses available online that will give you everything you need to succeed with an e-commerce business, so make sure you do your research before you start.
You can start off selling online at any scale, no matter how big or small. Maybe you just start out selling some unwanted items from around your house, or go to a junk sale and buy unwanted goods for low prices. When you have the budget, you can buy goods from wholesalers in bulk for low prices and then sell them on Amazon FBA at higher prices. With the right presentation and marketing strategies online, you can make really impressive profits from your stock.
Here are the four steps you need to take to build your Amazon FBA business:
1. Finding the right product
2. Finding the supplier
3. Launching it on Amazon
One of the secrets to success in any online business model is to define and understand your audience. If you sell to anyone and everyone, then you will end up attracting no one. Your marketing and your product/service will be so much more successful if you know exactly who you are aiming it at, and you know how to attract them in the best way. Don’t be too vague, either; targeting a niche audience is the way forward, as I found out in my business endeavours.
As a Muslim, I am passionate about helping out the rest of the Muslim community. I decided I wanted to help them grow and succeed in online business in the same way as I did, so I decided to target my products and services towards them. By defining a niche audience and targeting my service towards this audience, I have built a dedicated network of customers and connections, and have built up a reputation in this community as a trusted expert in internet marketing, e-commerce and Amazon FBA.
I am one of many sellers who have made it big using Amazon FBA, and there is absolutely no reason why you can’t be, too. Build your success using a trusted household name so that you have a ready-built reputation behind the goods you sell. Find out if internet marketing and Amazon FBA could be your way out of that 9 – 5 office job.
Originally appeared on Huffington Post: http://www.huffingtonpost.com/azzam-sheikh/growth-of-the-amazon-mill_b_10104474.html