passive income
As an Amazon seller can be quite a very rewarding position, but to attain that spot, one must know several VERY powerful tips, but more specifically, three. Whether you're a novice or expert, when it comes to Amazon, these 3 powerful tips should go a long way in assisting you achieve your goals as an passive income.
Tip #1: Find hot sellers, buy that product for a smaller price, then re-sell it on Amazon for a profit. Every product on Amazon is put right into a specific category which pertains to it. And with every category there's on Amazon, there's also a high 10 list.
Now how can this apply to you? Well it's simple. Let's say you wanted to market books on Amazon but didn't know which one would sell. All you've got to complete is find any book on Amazon, scroll down and locate a section which says Amazon Best Seller Rank and select “Top 100” close to it.
This may take you to the very best 100 books which can be being obsessed about Amazon. Find one which appeals to you, buy it within an whatever amount/s you are able to afford and sell it for a profit. Remember, it doesn't only have to be books. Amazon has a lot of categories for it's products, and each category has a high 100 list.
Tip #2: When putting your products on Auction, price your item/s 1 penny less compared to the top competitor. I've personally witnessed how this yields tremendous rewards. As an Amazon vendor can be quite difficult because selling something means competing against other vendors who're also selling the same thing/s.
Since every vendor will attempt to price their item to produce it more appealing then their competitors, your absolute best best is always to price your item 1 penny less compared to the vendor who is selling their item cheapest. In other words, when you have 10 vendors selling 1 item from the budget range or $5-$10, with the cheapest being $5, sell your item for $4.99.
1 penny less already makes your item not only cheap, but additionally catches the interest of the buyer/s, making your item most looked over and the best chances of being bought.
Tip #3: Automatic repricing! This tip is much like #2, but pertains to those who sell multiple items. Repricing is simply put, pricing your item less than your competitors, whether it's 1 penny or more. However automatic repricing involves using a program that monitors all your items that you're selling, and automatically repricing your item less or even more contrary to the competition.
Having one of these brilliant programs makes life extremely simple for Amazon vendors who sell multiple items and cannot keep an eye on them all. New competitors constantly enter the amazon market and can price their items significantly less than yours. To stay on the top of game, you'd have to monitor all your items 24-7 that will be insane.
However by having an automatic repricing tool, all your items are monitored for you so if a new competitor should price their item significantly less than yours, the tool will automatically make your item cost significantly less than theirs. This saves a huge amount of energy and increases overall sales.
If you're already an Amazon seller, these 3 tips can help you go an extended way. However Amazon sellers who sell over 10 items really need repricing tools to keep on the top of game. If you're thinking about learning where to locate a repricing tool, click here passive income