Reselling on Amazon? That's great. It saves a lot of your time. However, there are thousands of resellers on Amazon.
Well, that's quite frightening. But don’t let the competition scare you off. Many sellers out there making great sales and money on Amazon.
So what do you need to do in order to succeed as a reseller on Amazon? Start online arbitrage for Amazon!
Amz Online Arbitrage is a platform where you can find profitable products that are available for deals from various online stores.
All you have to do is get online arbitrage deals, buy products from the respective store for a lower price, and resell them on Amazon.
Along with this tool, you can use the following tips to succeed as a reseller on Amazon.
5 WAYS TO SUCCEED AS A RESELLER ON AMAZON
1. Low-Competition Products
If you're a new reseller, you can opt for low-competition products. Selling on Amazon is not easy, you need to get that visibility among thousands of other sellers.
Reselling, having said that there are thousands of other sellers selling that same product on Amazon.
Selling a low-competition product makes you win the Amazon buy-box without making any effort.
Winning the Buy Box helps you to improve visibility and gain sales, which in turn improves your reviews, and seller rank, which further helps grow your business on Amazon.
2. Low Pricing For High-Competition
Now we're going to discuss quite contradictory to the above tips. Offer low prices for high-competition products.
Don't get confused. If you're really confident enough to compete, you can go ahead and opt for high-competition products.
Selling a highly competitive product can help you get a huge sale because many people will look for those products.
But you won’t get sales if you’re up against a lot of competition, especially if they already have higher ratings and rankings.
To overcome this, you need to offer a low price for these highly competitive products. This can help you stand out in the crowd and boost your sales.
How do you know if it’s a low-competition or high-competition product?
Sign in to Amz Online Arbitrage and see how many sellers are on that ASIN, which will give you a general idea of your competitors.
You can also look at the ASINs sales rank and figure out the competition based on the high or low ranking.
3. Choose Quality Products
Whether you’re selling a low-competition or high-competition product, you want to ensure that you’re offering a good quality product.
Whatever promotions and strategies you implement to sell your products and get your product visibility, without the quality products you'll fail.
You might think if you sell your products and get the money all is done, but that's not the case.
Remember, your Amazon customers have a great weapon called reviews which not only affects your reputation, it will stop your potential customers from making purchases.
4. Products With High Margin
Let's say you’re reselling a high-quality pencil case. Even though your customers may love it, you’re only making $1 for every sale.
This likely isn’t worth it, especially if you need to pay for marketing or any other costs. Well, that's not the case if you source products from Amz Online Arbitrage.
You'll definitely get a higher profit margin!
5. USE FBA
As an Amazon seller, you probably come to know about Fulfillment By Amazon (FBA). FBA will handle pick, pack, and storage and they'll even handle customer service and returns.
This saves a lot of your time, as fulfillment is not that easy to handle. However, using FBA will make products prime eligible and also helps you to win the buy box.
With the above-discussed tips, you can succeed as a reseller on Amazon without putting in any effort.
Also, save your time, source your products with Amz Online Arbitrage and send them to the Amazon warehouses and let Amazon FBA take care of the rest!
For more helpful tips and strategies on Amazon reselling, check out the other blogs on Amz Blog.