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The Complete Guide To Making Money With Fulfillment By Amazon

More people are looking for ways to diversify their income more now than at any other time in history. With the fears of looming recessions, unstable economies and company downsizing, it is clear why people want to start a side hustle for extra money or even to replace their current income. Fortunately, with the advancements in technology, it is very possible to make extra money online in many ways, including with Amazon FBA.

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The one thing that stops the majority of people from pursuing a side income with Amazon or any other company is fear. They are worried that the learning curve is too steep and they will fail with their online endeavors. Others are concerned that they do not have the technical knowledge to code, create websites, email lists and other tasks that are often associated with online businesses. The good news is that you do not need to know all of the technical details to make money with FBA.

What Is Amazon FBA?

Also known as Amazon Fulfillment by Amazon, the FBA program is similar to Craigslist or eBay. Think of the program as Craigslist or eBay times 1000. However, the principles of the program are the same. If you have something to sell, you list it so potential buyers can see it. The difference is that Amazon has an enormous amount of customers in their marketplace just waiting to buy whatever you are selling.

Another difference is that if you choose to list something on Craigslist or eBay, you are also stuck with completing the back end work as well. This means that you will have to upload pictures, write the listing, post the listing, respond to buyers and then either ship or deliver the item to the customer. With FBA, all of these issues are taken care of for you by Amazon.

The process works like this:

You will need to find a product to sell. This is called sourcing. You can source from thrift stores, retail stores or your home.

You will need to list the product through your Amazon seller account and set the price for the item.

Ship all of the items you have listed to Amazon.

Amazon buyers will find your listings, and the company will package and ship sold items to the customers.

Amazon will also collect payment for you, and deduct its fees before sending you the balance. The company pays out to sellers twice per month.

Essentials To Get Started With Amazon FBA

There are several things that you will need before getting started with FBA. The first thing you will need is an Amazon Seller Account. Although you can begin with the basic Individual Selling Account, it would be a better idea to get a Professional Selling Program account.

This account currently costs around $40.00 a month. It is beneficial to choose the professional account especially if you plan to ship 40 items or more a month to Amazon. It also helps to have a professional account if you want access to specific apps to help you in your business.

The next thing you will need is some money to invest. Plan to initially set aside at least $150 for your first sourcing trip. Although that may sound like a lot of money, if you invest it wisely, you can quickly turn that $150 into $300, $400 or even $500.

You will also need at least one app that will help you in your business. The Profit Bandit app can be downloaded on Android and iPhone. It costs $9 per month, but it is well worth it.

This app will help you to better understand the popularity of certain products, and the current prices they are being sold for.

Tips For Success

As you are sourcing for your items, it is important to have the app open so you will be able to see what the item is currently being sold for on Amazon. Keep in mind, you may have to scan upwards of 100 items before you find that one lucky item.

You should always aim to have a profit margin of at 35%. However, that will depend on the category you are selling in. You will need to set the rules for your business so selling on FBA is profitable for you and your specific needs.

Always remember, the more you put into your business, the more you will get out of it.

Amazon Seller Forums:

https://sellercentral.amazon.com/forums

 

Some Benefits of Amazon FBA:

https://services.amazon.com/fulfillment-by-amazon/benefits.htm

 

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Marketing Tips For Selling More Products

If your business is based on selling products, you need to know how to effectively market all of your products. If you are struggling to market your products, there are some tips that you can use. These tips should help you sell more products when they are correctly executed.

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Tell A True Story About The Product

There are a lot of business owners who make the mistake of selling the product and not the experience. The issue with this is that people are not only looking at the product that you have. They want to buy a solution to the problems that they have.

You should not only talk about the facts of your product when you market it. You need to tell a story that highlights the benefits of the product and how it will solve the problem that people have. Stories will also be more memorable for your target audience.

If you have a product that you cannot easily show as a solution to a problem, you should still tell a story. This could be the story of your product and how it came to be. This type of story will provide an insight into the product that your customers would never have and gives them a look behind the scenes.

Do What Your Competitors Will Not

There are a lot of horror stories about companies that used marketing techniques that their competitors were not and failed spectacularly. While this is something that can happen when you are doing something outside of the box, it is also possible that it will pay off. The key is to ensure that you are not going too far from your market’s perception.

When you are willing to do something your competition is not, your products will stand out more. It is important that you try something new and be willing to take on the potential failure. This is a learning curve that you can use to make your next marketing campaign better. If your competition is playing safe, you need to push the envelope because it sets your products ahead.

Market To Existing Customers

A lot of business owners are focused on getting new customers and this is something that you should think about. However, you should never do this at the expense of your existing customers. Take the time to create marketing campaigns that target your existing customers.

Existing customers already know your products and the benefits that they can bring. They will also be further along your sales funnel and easier to sell to, particularly if they were happy with your products in the past. Increasing demand with your current customer base will also likely have a knock-on effect of getting the interest of new customers.

There are a lot of different ways that you can market to your existing customers. If you have a subscription product, you could offer a discount for existing members. If you have a single purchase item, you could look at trying to sell a supplementary product or a newer version of a product they have already bought.

Make An Exciting Promise

There are a lot of marketing campaigns where companies promise that their product can do something. This is something that you should consider doing, but you need to be careful. An exciting promise can draw customers in, but you need to be able to deliver.

Never make a promise or claim that your product is not able to live up to. This will only cause disappointment and bad reviews. Bad reviews can kill the effectiveness of your marketing campaign because more and more consumers are looking at reviews before they buy. However, if you are able to deliver, you will find that it increases your marketing effectiveness.

Learn To Move On

One of the marketing tips that you need to know is to move on from a failure. If you allow one marketing failure to dictate everything that you do, you are not going to be effective. Learn from your mistakes and you will become a more effective marketer who will sell more products.

There are a lot of marketing tips that you can use to sell more products. Marketing to your existing customer base is a good idea, along with making exciting promises that you can deliver.

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What You Should Know About Google Plus

Google + is a social networking site that was launched by Google, the search engine giant. This is something a lot of people already know, but there are other things you might be interested in knowing about the site. Here is everything you need to know about Google Plus.

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What Is Google Plus
As previously mentioned, it’s a social networking site. It lets users share content with people they know or with people who are connected to them (following them). When the service first launched, users were only able to join via invite. Eventually Google started to allow anyone to join.

Why Would People Want To Join Google Plus
There are a number of reasons for people to join Google Plus, such as having access to key features like Hangouts. This feature lets people video chat with others or instant message with other friends on the social network. There are many common features on Google Plus that you’ll find on other social media sites, but there are also a few features the site has that other sites don’t have.

Google Photos
Google Photos was once an extremely popular feature on Google Plus, and it allowed people to instantly upload their photos from their phones to the site. It also had a number of photo editing options. When the feature first rolled out, many photo editing companies ended up suffering, but eventually Google made the decision to separate Google Photos from Google Plus.

However, the social media site still lets people post photos to Google Plus. They can still share the photos with their connections. As for Google Photos, the product is still popular.

The Google Plus Button
Similar to Facebook’s Share/Like button that you find on third-party sites, Google Plus has its own button. It’s called the Plus button and pressing it allows you to automatically share the content to your Google Plus page. The button can be found on many sites.

It Played A Role In Ranking Sites
Many website owners found that sharing their websites’ content via Google Plus helped them with ranking their site in Google’s search results. Bear in mind there are many factors that determine how a site will rank, but it appeared that using Google Plus helped.

IT’S SHUTTING DOWN
A few months ago, Google announced it would close Google Plus down due to various reasons. One reason is that user information was left exposed. Not only that, but when compared to Facebook, Google Plus didn’t really have that many active users who focused on using Google Plus over other social media websites, regardless of how many quality features the site had. Over the course of the next 10 months, Google will start shutting down the social media site, which means users will no longer be able to use it when it is officially shut down.

If you’re interested in learning more about Google Plus, then feel free to do additional research. The social networking site might be shutting its doors in the future, but it might still be worth joining and using. Signup today, start using it and see how you like it.


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