I think many have a misconception about what it means to be an Amazon FBA seller. FBA stands for fulfilled by Amazon. This may be because so many think it’s like selling on eBay and the fact of the matter is, it is not. Below is a post by Troy Blakneship, creator of Amazon Sales Ninja, in the private support group on facebook exclusively for us Amazon Sales Ninjas. Today I share it with you.
I get asked this question often enough that I thought it would be important to add it here. The question normally goes something like this: “Do I have to thrift or bargain hunt or hang out in the clearance isle to find good deals to sell on Amazon?”
Here’s the answer, No!
Truth be told, you can and will find good deals in these spots, but I’d say that 95% of the inventory I regularly purchase week in and week out resides on shelves that are not in these locations. In fact, I am usually purchasing my inventory at FULL retail price and still making fantastic returns.
When I enter a store, I always hit the clearance sections LAST. Why? Because I’ve found that when items are placed in these sections of the store, they’ve been in the marketplace for a little while. And that usually means that the item may not be so popular online. Of course, there are always exceptions and as a true Ninja, you should never leave a store without doing your due diligence to uncover hidden gems.
Just remember, there is more than just one way to skin a cat. Don’t overlook the newest products in your store. Most likely, they are the ones that will afford you with the chance to truly maximize your profits on a consistent basis
So moral of the story here is no you don’t have to thrift or bargain hunt to sell on Amazon, but of course you can. If you want to join the Amazon Sales Ninjas and be a part of this amazing group and have access to a step by step guide to sell on Amazon, you can click here at Amazon Sales Ninja.