Selling products on Amazon is simple when you know the options for sourcing to become an eBay seller. Made-to-order and wholesale products are what the majority of entrepreneurs and small companies think of initially.
But, they are only two of six completely different ways to find products that can be sold on Amazon.
Also crucial to your success in identifying products that you can offer on Amazon is being able to identify profitable sales opportunities that are available on the platform.
It starts with researching the product and, fortunately, Amazon provides plenty of tools and resources to assist you in this.
Certain Amazon sellers only use one method of sourcing, such as private labeling or retail arbitrage However, many are successful by combining several successful methods of sourcing. As you go through the different methods, don’t believe that you must choose only one.
Check them out to determine the one that best suits your goals in online selling whether it’s the selling process on Amazon or creating a multichannel business.
1. Use retail arbitrage.
In the process of retail arbitrage, you purchase discounted retail items and then sell the items through Amazon. It’s a simple concept but doing it right, meaning profitably, requires some effort.
The sellers of retail arbitrage are professionals when it comes to scouting down bargains, both clearance and discounted at local stores, and matching them up with the most popular selling sellers from Amazon.
The key is to understand what is selling on Amazon at any time and at what price. Also, you must know the costs of selling your product on Amazon.
Amazon charges for sellers are around 15% of the selling price, and shipping costs can take a large chunk from your earnings in the event that you’re not careful.
Check out this guide to know what to sell on amazon.
2. Offer custom printed-on-demand items on Amazon.
The Print-on-Demand (POD) items are basically drop-ship products that are made to order after a client makes an order. POD providers handle everything for the customer, from sourcing and storing the entire inventory as well as printing, shipping, and delivering the items when they’re purchased.
This is a fresher method to discover quality items to sell on Amazon and offers an exciting opportunity to create the brand you want to be on Amazon and even with the smallest budget.
The only thing POD sellers design is stunning and attractive designs, humorous words, or distinctive art and then market it using Amazon-approved POS sellers.
3. Sell hand-crafted items on Amazon.
Are you a crafter or artisan who sells products you create by hand? Do you wish to investigate this as a possible source? If you said “yes” to either question and you are interested, it is likely that Amazon Handmade is the product category for you.
It is necessary to submit an application to sell your products through Amazon’s Handmade section and the rules are stricter than Etsy in many instances. In reality, most Amazon Handmade sellers are Etsy sellers seeking to broaden their reach by tapping into Amazon’s huge market.
4. Find products that are wholesale and offer on Amazon.
Simply reselling items created by other businesses fall under the wholesale sourcing model. This is a popular method of finding low-cost products that can be sold on Amazon, particularly for new businesses seeking to investigate the profit potential of various categories of products.
It’s simple to find wholesale goods through wholesale marketplaces such as Alibaba, Thomasnet, and other marketplaces. You can also go to market fairs and buyers’ markets within your sector to locate the various wholesale vendors.
5. Sell direct-source items on Amazon.
Direct sourcing is the most efficient method to source products for sale on Amazon. Direct sourcing lets you buy the goods direct from manufacturers.
Direct-source products, which are those manufactured by the factory with lower costs per unit than wholesale costs. You can also get special items created to order to create unique, distinctive products that stand out from the rest of the market.
Direct-source factories can be found employing the same strategies like those described in the wholesaling section. Many wholesalers have factories.
6. Find products that are a private label for sale on Amazon.
A variation of direct-sourcing is private labeling. It’s an ideal way to locate items to market via Amazon using your personal brand. Private label manufacturers make goods that are then labeled, tagged, or package with your name.
There are private-brand products in almost any product category that includes personal care items and cosmetics to kitchen equipment pet products as well as gourmet food products and so on.
