Is Amazon FBA overrated?
Category: Economics - Business
I am looking for passive income strategies and have heard a lot about Amazon FBA with mixed reviews. Is this a scam or worth it? Is this considered a saturated market and what is the best way to make a passive income with this?
Amazon FBA is pretty popular among sellers because it works! It takes care of purchasing, packing, shipping, and customer service. All you have to do is send your products to amazon fulfillment centers.
It's definitely not a scam, but like most things you do have to put some time and effort into it. Especially when it comes to marketing and promoting your products, how will people find your product if they don't know it's there? If you're selling something that has a lot of sellers then going with FBA can get you eligible for Prime. Many shoppers filter by Prime so this would move you to the top of the list. Once you get going this can easily be a great mode for making a passive income.
Another helpful resource from Big Commerce: Amazon FBA in 2022
This video from Sentrel Media has a great step-by-step guide about FBA for beginners!
Amazon FBA is not overrated! It really depends on what you are selling. It would be best if you employed the right strategy, and have both short and long-term planning. There are numerous successful sellers on Amazon making an average sales of $1,000 to $100,000 in a month. You need to clearly describe your products using the right words/information. Also, you have to carefully select the niche of products you want to be selling. You need good suppliers, you have to ensure you have positive reviews, and you need to spend money on advertisement. Finally, you can make a passive income by continuing to research more profitable products.
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