Business

Selling on Amazon is a side hustle that can turn into a multimillion dollar business

Today News ||

More than just a “side hustle”, selling on Amazon takes money, hard work, a lot of research and dedication

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.

Article content

This article was created by StackCommerce. Postmedia may earn an affiliate commission from purchases made through our links on this page.

We’re calling it a “side hustle,” but we want to be clear about one thing. While stories seem to abound on the internet about selling on Amazon as a “get rich quick” kind of gig, it’s not an easy street to wealth. First and foremost, you need a solid understanding of what’s involved in actually setting up shop on the site of the world’s largest e-commerce organization.

Yes, it’s true that Amazon’s net sales rose to over US$100 billion in the first quarter of 2021. It’s also a fact that about 50 per cent of Amazon’s sales come from third-party sellers and roughly two thirds of those sellers used the FBA platform. What is not clear is how many budding entrepreneurs fail, for whatever reason, once they set the wheels in motion to become part of the Amazon empire.

RELATED:  Nikola: the clues in Trevor Milton’s past that investors missed or ignored

Larry Lubarsky is a success story, having started with essentially nothing and now earning eight figures selling on Amazon. He reiterates that this is serious business. His tips? Start with seed funding, determine how you are going to get your products, do your research, put your profits back into the business, roll up your sleeves and be prepared to work.

Advertisement

Article content

If you’re still with us and are keen to give selling on Amazon a try, this Amazon FBA Limitless Course will give you a solid understanding of the essentials of setting up a shop. Taught by Ryan Ford, a seven-figure Amazon FBA seller himself, you will be guided through important aspects such as the best ways to list items, establishing a brand and building your business. Drawing from his accomplishments and acumen, Ryan will cover the ins and outs of packaging, marketing, pricing, and more. The ultimate goal is to help you be successful in your new business.

Article content

While, just as in life, there are no guarantees, giving yourself the gift of awareness will at least prepare you for what to expect and how to execute your Amazon accounts. By delving into the particulars of Amazon FBA you will be exposed to insider strategies that will help you through the ranks of Amazon business. Before you start investing in product, invest in this course. The $24.99 you pay just may make all the difference in the success of your endeavours.

RELATED:  Montenegro arrests alleged criminal gang boss

Prices subject to change.

Advertisement

In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post.

More Economy Business News Updates of Today Check Below

Today News || Business Today || World News || Headlines Today || Health || Technology News || Education News

Source

Tags
Show More

Related Articles

Back to top button
Close