Did you know that it’s possible to Initiate an Amazon FBA Business with Little Money? In this guide, we will tell you all that you need to know about how you can become an Amazon seller without putting a load on your pocket.
And once you start selling and get an idea of the entire procedure, you will Initiate an Amazon FBA Business with Little Money.
When you first start thinking about selling on Amazon, it might seem like a hard task. It will seem impossible to start at first. There’s so much you need to do, like spending on products, shipping, storage etc. But this is what you think you need to do. This article will give you the best way to sell on Amazon without spending.
Amazon executed a survey in 2020, which clearly stated that almost 1000 sellers added in that year started with $500 and below but could make money out of it. Therefore, it’s safe to say that you can earn on Amazon with little money if you are strategic about your moves.
4 Simple, Quick Steps to Sell on Amazon | Initiate an Amazon FBA Business with Little Money
To start selling on Amazon with little money, here are 4 basic simple steps that will be further explained in this article:
1. Search for a free-of-cost product to sell: We all have a bunch of extra stuff lying around in our house gathering dust, so why not just sell on Amazon?
2. Create a free account on Amazon: If you create an individual seller account, it will cost you nothing.
3. Listing products on Amazon for free: Amazon has more than 300 million products in its database. Thus, there are high chances that whatever you want to sell is already listed on Amazon. You just have to add your name to the seller’s list, and you are good to go.
4. Ship the product: When you sell a product on Amazon, the next step is to ship the product to the buyer.
Do you Need Money to Sell on Amazon? | Initiate an Amazon FBA Business with Little Money
Briefly, No. You don’t need money to sell on Amazon; even if you need it, it would be less than you expected. Different surveys proved that sellers who started with less money became more successful ultimately.
To start selling, there are only two things you need to have:
And this will cost you absolutely nothing only if you’re strategic about it.
- Referral fees are almost 15% of the total price of the products you sell. It’s basically Amazon’s commission.
- You have to pay individual Per Product Fee charges when you are not a professional seller. It would charge you $0.99 for each item you sell.
These are some Amazon Fees But you don’t have to worry about these charges because you will only have to pay these charges once your product gets to sell. So you don’t have to stress about them beforehand.
How to Find the Right Product?
If you are starting on Amazon and want to start with low cost, you should look for products around your house. You can also ask your friends or relatives for used books or things around their house that you can put on Amazon.
Used items in good condition around your house, such as books, toys, ceramics, kitchen items and all such things you can find around your house, are good for starting to sell on Amazon. If those items are popular and useful, they might quickly sell after you list them.
Another thing is that you can also make items on your own if you have a flair for them. You can sell handmade jewellery, paintings, phone cases, bead bracelets, knitted sweaters or bags etc. Selling handmade products can give you a good profit margin as your only cost will be the material you buy, and you can sell it for way more.
How to Know if your Products will Sell on Amazon?
Before you choose to sell a specific product on Amazon, you first need to know if it would sell or not. Here’s how you can know it easily:
1.Jungle Scout and FBA Revenue Calculator are tools that help identify the products that are most likely to benefit you. They tell you the average number of sales of any product per month.
2.Amazon Best Seller Rank also helps you know which product sells more and increases your sales.
3.Both the best-seller ranking and monthly sales list will help you know which product is on the top. An item that sells more than ten units per day is likely to be more profitable and valuable.
The objective is to select items that will cost negligibly and bring in more revenue.
Don’ts of Selecting Products:
- It would be best to look for ever-green products and not seasonal ones. It’s risky.
- To reduce your shipping charges, you should choose smaller and lighter products.
- Don’t choose fragile or breakable items on a low budget, as it has high risks. You must select products that resist rough handling and can be transported without causing any trouble.
Create a Free Amazon Account
After you complete the signup process at Amazon Seller Central, you will be given two options regarding whether you want to opt for an individual or professional seller account.
You have to select an individual seller account because it is free and has no charges; if you select a professional seller account, you will have to pay $39.99.
How to list a product on Amazon free of cost?
Every product you can think of is available on Amazon. So to list a product on Amazon, you need to find it in the already existing lists. Here are a few basic steps you need to follow:
1.Type the product you want to sell in the search box. You can also describe the product or write the UPC of the product. You would have to look through the search results to find the exact product.
2.When you find the product, just below the Buy Box of the product on the bottom right, there’s a “Sell on Amazon” option.
3.Next up, you have to enter your product’s description. After you click this option, Amazon asks the following things about the product:
Condition: While selling a new item, the condition will be new. But if you are selling a used item, use Amazon’s condition guidelines to specify the condition of the used product.
Price: Amazon suggests the best prices according to your product condition, considering all the factors.
Quantity: Amazon also asks how many further units of this product you have for sale.
Fulfilment method: Amazon also asks how you will ship the product once it sells.
When you are done with all these steps, click ‘Save and Finish.’ Products generally appear on the listing page within two hours.
How to Ship your product?/ Use Amazon FBA Program
Now that you’ve made a sale, it’s time to deliver the product!
But the question is how will you do it with little money?
No matter whatever way you do it to keep the cost low, it still wouldn’t be that low compared to using the Fulfilment by Amazon(FBA) program. This method is highly recommended as it is very convenient and low-cost.
It is cheaper than shipping on your own, and the level of efficiency and professionalism is far more than you can imagine.
You just have to deliver your product to the Amazon fulfilment center; the rest is their job.
If you want to start a business with little investment, Amazon is the perfect platform for it. It has become highly accessible to start a business on Amazon. You can start your business with less than $500 to $1000, and by strategic moves, you can grow it to another extent.
This guide will help you start your own e-commerce business with little money and tactical progress.