If you’re in the Amazon FBA business, you may be wondering whether or not you should be worried about your job. The answer to that question is…it depends. While the Amazon FBA business has taken the world by storm with its low-cost and easy-to-start business model, it’s still possible to lose money if you don’t know what you’re doing. But there are ways to avoid that risk.
Here are 3 tips for how to get started with your own Amazon FBA business.
The first thing you need to do is choose a niche. You’ll want to find something that interests you and that has a market for it so that you can make money from it. This will help you get your business off the ground quickly, and it will give you a chance to learn about all of the different niches available on Amazon, find the best amazon keyword research tools which can help you identify the hot products on amazon.
Next, decide what kind of products you want to sell. Some people choose one specific product, while others decide on several different products to sell at once. Either way, make sure your products are something that people want to buy, because this will help increase your sales!
Finally, create an account with Amazon and start selling!
The answer is a straight YES. If you are currently in the Amazon FBA business and you haven’t given up your day job yet, you should be a little worried about your job. Why? Well, here’s a little backstory about the FBA business.
Fulfillment by Amazon (FBA) is one of the genius ideas that was born out of the e-commerce boom. A lot of people have been making a lot of money with FBA but that took time. What this business basically entails is allowing third party merchants to use Amazon’s warehouses and shipping centers. This way, they don’t have to keep their own warehouses or invest in any additional logistics companies to cater to their customers’ needs. It eliminates all those costs that used to deter people from starting an online business and it has enabled more and more people to start their own businesses every year.
This also means that in exchange for having access to these services, Amazon gets a percentage of every purchase made on its store or website. In fact, the company makes more than 40% of its revenue through these third party merchants who have listed their products on Amazon.
Things have gotten so big now that third-party sellers are becoming bigger than Amazon itself.
You need to think about what you can do while still working at your day job. For example, you can use your days off from work to build up your business. Or, if you have a flexible schedule, you could take time off during the week and spend that time building up your business. The point is that if you really want to build your own business, then there’s no reason why it can’t work around what you’re doing now. The only requirement is that you make the decision to succeed—and then act on it.