We’ll walk you through the entire procedure step by step and give you our expert advice in our beginners’ guide to selling on Amazon.
“Is selling on Amazon worth it?” some individuals still wonder. It most certainly is, and selling on the Amazon Marketplace remains one of the most profitable methods to generate money online.
Fulfillment by Amazon allows people like you and me to sell to millions of Amazon customers (FBA).
So, how does a new seller get started selling on Amazon, and how does Amazon Fulfillment work?
Let’s get started and break it down for you…
If you’re not sure what online arbitrage is, take a look at this post from last year: https://slinkyoa.com/online-arbitrage-guide/
Is Selling on Amazon still Worth it in 2022?
Is Amazon FBA still profitable in 2022? Amazon is still the world’s largest online store, and it’s only becoming bigger. Amazon’s revenue in 2020 was 386 billion dollars, compared to 10 billion dollars for eBay and Shopify.
Amazon is 38 times bigger than eBay or Shopify!
Third-party merchants on Amazon now account for more than half of the 386 billion dollars in sales. This means that a small piece of the Amazon pie can make you a small fortune.
You can easily tap into Amazon’s large and devoted client base.
We’ve sold on both Amazon and eBay, and we’d say Amazon has stricter standards, but the rewards are far greater if you’re willing to put in the effort. When we have the same product listed on Amazon and eBay at the same price, Amazon generates 5-10 times the sales as eBay.
Selling on eBay, on the other hand, is more relaxed and better suited to selling used things. When selling on eBay, you also have a lower probability of having your account cancelled. It’s always a possibility with Amazon FBA.
If you want to make a full-time living online, I still believe that selling on Amazon is the most accessible and feasible option.
So, what exactly is Amazon FBA and how does it function? ‘Fulfillment by Amazon’ stands for ‘Fulfillment by Amazon.’ Simply ship your items to one of Amazon’s fulfillment centers, and Amazon will handle the rest.
Amazon will store your merchandise, ship orders to customers, and handle any customer support or return concerns.
FBM, or ‘Fulfillment by Merchant,’ is another option for selling. This is where you ship the order to the consumer and handle customer service and refunds.
We encourage Fulfillment by Amazon to all sellers, especially newcomers. It is frequently less expensive than Fulfilled by Merchant, and you make more money overall. Another benefit is that you will not be responsible for packing, shipping, or customer service.
Your Amazon FBA business may nearly run itself once you’ve put in your merchandise. Using Amazon FBA also allows you to focus on sourcing additional inventory and growing your business.