There are three kinds of products that can be sold on Amazon. How do you know which one is the best one for you to sell?
Products You’ve Made Yourself – If you have an idea for a great product, you could potentially fill a niche.
If there’s little competition in this area, you could make a huge profit. Of course, being original can be hard to do.
Wholesaler Products – You could go with the traditional retail business models and buy products from manufacturers or wholesalers, offering them for more on Amazon.
However, if you ship the stock to your home, you need to buy a plethora of it beforehand.
If you use this tactic, you need to consider drop shipping where your stock is sent right to the wholesaler.
Used Goods – You can offer used DVDs and secondhand books, making a good living reselling them.
A person who searches for your particular products will see that you offer a reasonably priced version of it but used.
The type of product you offer will depend on three things:
- Your goals.
- Your skills.
- Product types you can access.
This will help you to decide which products you can offer to potential buyers so that you can actually promote the business and make yourself a profit.
For example, Tedric P. was able to begin his Amazon selling career by offering video games and consoles he’d purchase from high street retailers that were closing their doors.
His products covered many categories, and he is now earning 30 percent more than the full-time job he has. https://youtu.be/ocbeMSb-iao