How to Make Money on Amazon Selling OTHER PEOPLE'S PRODUCTS (7 Figure Cycle)
Discover Aidan's method to make money on Amazon selling OTHER people's products (LEGALLY). ►► SIGN UP FOR WEBINAR (01/26/2018): wholesaleted.com/go/aidanwebinar ►► Free 10k/month ebook: wholesaleted.com/4-step ***OTHER LINKS RELEVANT TO THIS VIDEO*** ►► How to Launch Products on Amazon (see how to market private label products): youtu.be/JPwscpE-53g ►► Previous Aidan video collaboration (a dropshipping video): youtu.be/7AhrpqKgS2o When most people think about making money on Amazon by selling other people’s items instead private labeling, they usually think about retail arbitrage. However, there is another fantastic way to do it (that unlike retail arbitrage can scale). And that is with wholesalers. How this Method Works that Allows You to Sell Other People’s Items Here is the Amazon money making formula: 1) Find hot-selling Amazon products that are being sold by wholesalers for cheap. 2) Purchase a small batch of those items from the wholesalers and send them into the Amazon FBA warehouses. 3) List yourself as a seller for these items on the Amazon product listing. 4) Become eligible for the Buy Box 5) Make money on Amazon through passive sales from free, organic traffic. Using this method, you do not need to manufacture new products. Instead, you can sell other people’s products by finding wholesalers that are selling them, buy them and resell them. What is the Amazon Buy Box? The “Buy Box” is the add-to-cart button on each Amazon product listing. What Amazon does is they rotate eligible sellers with some “Buy Box time.” That means that, each day, you’ll get a turn with the Buy Box, and you’ll be the seller that gets the sales from people using the add-to-cart button. It’s extremely important to be eligible to win the Buy Box, because about 80% of all sales on Amazon are made using The Buy Box. Very few people go through the list of other sellers and pick one from the list. How Do You Become Eligible for The Buy Box? To become eligible, you usually need to: 1) Have an Amazon account in good standing. If you are fulfilling items through the Amazon FBA program, then you’ll almost always meet this criteria because Amazon are fantastic at fulfilling orders. 2) Have a professional Amazon seller account. Individual seller accounts are not eligible for The Buy Box. 3) Your items need to be priced competitive. No one knows how close the price needs to be, but if it’s equal/within a few cents of the lowest priced item on Amazon, you should be deemed competitive enough to be eligible for the Buy Box. What Are the Advantages of Wholesale vs. Private Labeling? Neither is better than the other - they each have their own pro’s and con’s. Some of the advantages that this wholesale strategy has are: 1) You purchase from USA wholesalers. If you have found the idea of importing products from China to be intimidating, then this is a way to sell on Amazon without doing that. 2) You do not need to do any paid marketing/advertising. Instead, you piggyback off of free traffic. This is because you are finding items that are already having pre-existing sales, and listing yourself as a seller that is eligible for the Buy Box. By doing that, you will take a slice of those sales for yourself from organic, passive traffic. This is in strong contrast to private labeling where you do need to do a marketing campaign to get initial sales (once you do that though and rise up in the Amazon search results - you will make passive, on-going sales). 3) You don’t need to be creative and come up with your own brand. Instead, you can just piggyback off of pre-existing sales. What do you think of this method? Let us know in the comments!
