Actionable steps in every issue to transform and enhance your lifestyle.

Today:

🧠 Non-Lambo-Guru Way to Make Money On Amazon

🎥 As an Influencer

🚚 As a 3rd Party Seller

🌟 As a Private Label Seller

👀 Have you ever seen a video like this?

Here’s why your instinct is RIGHT and it’s not as easy as it looks:

1) There are other factors that affect profit margins.
2) You should use more tools to analyze a product idea.
3) You do not make profit right away.

For a better flow, the ways in which you can make money on Amazon will be ranked from easiest & least investment to hardest & most investment.

Let’s get into it. 

🧠 Non-Lambo-Guru Way to Make Money On Amazon

🎥 As an Influencer

1. Storefront Creation: Influencers create a personalized storefront on Amazon, showcasing products they recommend. They earn commissions from purchases made through their storefront.

2. Shoppable Videos: Influencers can create product review videos that appear on Amazon product listings. They earn commissions on sales generated from these videos, known as Onsite Commissions.

3. Affiliate Commissions: Influencers can also participate in the Amazon Associates Program, earning commissions by sharing affiliate links to products across their social media platforms.

4. Amazon Live: Influencers host live streams using the Amazon Live Creator app to showcase products. They engage with viewers in real-time and earn commissions from sales generated during the stream.

Only investment: Your time. Amazon sellers pay for all product costs in exchange for promotion.

🚚 As a 3rd Party Seller

A third-party seller on Amazon uses the platform to sell products directly to consumers. Unlike first-party sellers, who sell inventory to Amazon, third-party sellers manage their own pricing, shipping, and customer service.

Steps to Become a Third-Party Seller 

1. Research and Choose a Product:

   • Identify Market Trends: Use tools like Jungle Scout, SmartScout, or Helium 10 to analyze market trends and identify high-demand, low-competition products.

   • Consider Profit Margins: Ensure the product has a healthy profit margin after considering costs like manufacturing, shipping, Amazon fees, and advertising.

   • Evaluate Competition: Analyze competitors’ listings to understand their strengths and weaknesses and identify opportunities for differentiation.

   • Check Product Restrictions: Verify that the product is not restricted or requires special approval to sell on Amazon.
     

2. Choose Fulfillment Method: Decide between Fulfillment by Amazon (FBA), Fulfillment by Merchant (FBM), Multi-channel Fulfillment (MCF), or Seller-Fulfilled Prime (SFP).
   

3. Create a Seller Account: Register on Amazon Seller Central and set up your account.
   

4. Source Your Product: Find reliable suppliers or manufacturers for your chosen product. Consider using platforms like Alibaba for sourcing.
   

5. List Products: Add your products to the Amazon marketplace with detailed descriptions, high-quality images, and competitive pricing.
   

6. Market Your Products: Utilize Amazon’s advertising tools, such as Sponsored Products and Sponsored Brands, to increase visibility and drive sales.
   

7. Manage Inventory and Orders: Keep track of inventory levels and fulfill orders promptly to maintain good customer service and seller ratings.

Advantages ✅

1. Increased Market Reach: Third-party sellers can leverage Amazon's vast customer base to reach a wider audience without investing in their own infrastructure.

2. Lower Initial Investment: Selling as a third-party requires less upfront investment compared to creating a private label, as sellers can resell existing products.

Disadvantages 📌

1. Loss of Brand Control: Third-party sellers have less control over brand image and product presentation, which can affect customer perception.

2. Pricing Challenges: There may be difficulties in maintaining consistent pricing, which can lead to price wars and reduced margins.

🌟 As a Private Label Seller

Private label on Amazon is a business model that allows sellers to create and sell their own branded products on the Amazon platform. Private label products are manufactured by a third-party company and then sold to a private seller who brands and sells them under their own brand name.

1. Conduct Market Research: Identify a profitable niche by analyzing market trends, demand, and competition using tools like Jungle Scout, SmartScout, Amazon Product Opportunity Explorer, DataDive, and Helium 10.
   

2. Define Product Specifications: Determine the features, quality, and unique selling proposition of your product based on market research.
   

3. Find a Reliable Manufacturer: Research and contact manufacturers that specialize in your product type. Evaluate their capabilities and request samples to ensure quality.
   

4. Develop Branding and Design: Create a compelling brand identity, including a logo and packaging design that aligns with your target market.
   

5. Order Samples and Test Designs: Collaborate with the manufacturer to produce samples for testing. Ensure the product meets quality standards and aligns with your brand vision.
   

6. Conduct Design Testing: Test the product design for functionality, durability, and consumer appeal. Gather feedback from potential customers to refine the product.
   

7. Set Up Quality Control Processes: Establish strict quality standards and verify compliance with industry regulations to ensure consistent product quality.
   

8. Create Product Listings: Write detailed descriptions and use high-quality images optimized with relevant keywords for your Amazon listing.
   

9. Choose a Pricing Strategy: Set competitive pricing that covers costs while appealing to your target market.
   

10. Select Fulfillment Method: Decide between Fulfillment by Amazon (FBA) or handling fulfillment yourself (FBM) to manage storage and shipping.
    

11. Launch Your Product: Use marketing strategies such as Amazon advertising, social media promotion, and influencer partnerships to drive sales.
    

Advantages ✅

1. Higher Profit Margins: Private label products often have higher profit margins since production costs are generally lower compared to branded products.
   

2. Brand Control: Sellers have control over branding, marketing, and pricing, allowing for a unique value proposition and adaptability to market changes.
   

3. Exclusivity: Private label products can enhance brand equity and customer loyalty by offering exclusive items not available from other sellers.
   

Disadvantages 📌

1. Dependence on Manufacturers: Sellers rely on third-party manufacturers, which can lead to issues like production delays or quality problems.
   

2. High Initial Investment: Developing a private label requires significant upfront costs for product development, packaging, and marketing.
   

3. Brand Recognition Challenges: Building brand recognition and consumer trust can be difficult compared to established brands.

Have you made it all the way to the end?

If so, simply reply "guru" to this email.

Not only will this help ensure our future emails land straight in your inbox, but you'll also earn 1M aura points.