Introduction to private labeling and Amazon FBA.
This is our introduction to private labeling and Amazon FBA. Welcome! We are introducing the bare bones basics to Amazon FBA business. We’re sparing the fluff and going straight to the good stuff because we’re business owners and entrepreneurs, just like you. We’ve got busy lives and want to get the most done in our time.
By the end of our course, you will have learned how to:
– Find opportunities on Amazon, come up with a profitable private label product(s)
– Find suppliers overseas to make your samples and mass manufacture your products
– Send your products to FBA Fulfillment centers
– Write some awesome copy and descriptions that sell
– Make money on Amazon FBA like a champ with your own line of products!
– and much more.
We’ve designed the course to have be intuitive for people who have never sold anything in their life and informative for the current sellers on Amazon who are looking to step up their game or refine their systems.
The course we’re sharing with you is easily worth a couple of thousand dollars, we want to share it with you so definitely make the most out of it.
So first off, as a way to make money online, why Private labeling or Amazon FBA?
Well the idea of private labeling is just creating a brand and putting it on products and commodities that you want to sell. You want to stay away from private labeling products with patents or intellectual property that you don’t own. You then want to sell your products on Amazon and use FBA which stand for fulfillment by Amazon. This is for a couple of reasons, Amazon has lots of natural customer and natural traffic and Fulfillment by Amazon streamlines the shipping of your products so you don’t have to deal with it. It’s a great system to leverage if you want to make money online.
There are a couple of great benefits to using Amazon FBA:
You’re able to make much more money than you might normally by just opening up your online store. The potential for sales is so high because of the sheer natural traffic from Amazon. This leads to interested customers looking at your products and then sales.
You’re able to close sales faster with optimized product listings. The Conversion rates are high because of the trust Amazon has created. Amazon has created a brand and customers are more confident purchasing on their platform rather than some random site where they might not be sure if they’re identity will be stolen or if their products will even be shipped out ot them.
You’re able to make passive income by setting up your system. One of the best things about FBA is that there is potential to make money passively. Once you start getting traffic to your listing, and your products are sent in to FBA, you don’t need to deal with shipping products yourself you can basically go on autopilot because Amazon has basically dealt with the traffic and fulfillment aspect of your business. It’s a beautiful thing.
I hope you’re as excited as I am!
Let’s get some of the basics down:
1. What is private labeling?
Private labelling is putting your own brand name on products that manufacturers make and also brand for other companies too. This could range from things like pet accessories to cosmetics to gardening equipment.
2. What is Amazon FBA?
Amazon FBA stands for “Fufillment By Amazon.” This is Amazon’s fufillment program. With Fulfillment by Amazon (FBA) you store your products in Amazon’s fulfillment centers, and they pick, pack, ship, and provide customer service for these products. Amazon takes a lot of the work out of your hands in terms of the prep so it’s great in that respect. It does come at a cost though per order that you get but it’s worth it because of the time saved. It’s all managed through Amazon’s Seller Central interface. Here’s a guide for beginners that will help you master the platform.
3. How much money will I need to get started?
You’ll need to invest some money for your initial shipment to be sent to FBA. Since we’re using FBA, it’s a good idea to start with a sizable amount in the first shipment. If we do our research and conduct due diligence, we should be able to come out with a product that sells well. What we’re aiming to do is actually come up with a product that can be differentiated in the market or improved so that we can get sales. The product is one of the most important components in the entire process. So we definitely don’t want to adopt a throw everything at the wall approach and see what sticks but rather a laser focus approach so we can really start our private labelling with a product we know will succeed because of the research we’ve done which we will go into later. The worst thing that could happen is that our product sells too quick and then we’ll need to manufacture again and have a period with no product to sell.
4. Will I be able to get rich quick?
Private labelling and selling with Amazon FBA is not a get rich quick scheme. There is work involved but it is definitely a process that can be used to create products that people want and get the results and sales that you want.
Let’s break down the process of how to start and we’ll go more in depth afterward:
- Come with a private label product
- Find manufacturers and sample your product
- Come up with marketing and promotions strategy
- Make bulk quantity order and Send to FBA
- Get sales on listing and drive natural traffic
We hope you enjoyed our introduction to private labeling and Amazon FBA. Let’s move onto the next lesson, Find the right private label product for you.
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