I have had a store on Amazon for just a year today. It did not become profitable before roughly two months ago. Therefore I’ve ever lost money for around 8 successive months lol. I knew it’d potential that I just had to figure out how exactly to prevent the bleeding!
So I wanted to post some strategies for you so that you are able to avoid the pain and begin making money on amazon.
· You HAVE to discover a item that isn’t Ecom Income blueprint plastered all over amazon. Most dropshippers have people already marketing their services and products. If more than one person gets got the exact product it turns into a price war along with parties keep lowering their price to find the sale. Eventually it reaches the point at which you’re earning $1 per sale.
· Your drop shipper has to stand behind their goods and pay for return shipment of damaged items. If they don’t really cover it, you may. The last thing you need is an unhappy customer. Amazon will close your accounts very fast if you receive complaints.
· Your shed shipper should be timely. I experienced a few loopholes that will wait weeks to ship their products out. I wound up sending out a lot of free items because people had to wait so long. . But in case they don’t really ship it, do not get the job done with them!
· Don’t stretch yourself too thin. I don’t recommend having over 200 products on Amazon. As soon as I started I’d 3,000 products on the market because I thought Id make more. WRONG! With this lots of services and products you can not keep up in what the manufacturer has in stock. I got in big trouble real fast because I d get yourself a buy and find out there was not stock. In the event you cancel too many orders amazon will close down you. Not to say, your customers will not be happy and you may not generate income on amazon.
· When uploading your products twice check every thing. I can’t explain to you how many times I lost money because I forgot to put a zero in or that I just flat out set the wrong price because I was in a rush. Some clients got some genuine cheap stuff out of me Ha ha.
· Should you make a mistake, you cover it. The re peat client is well worth it and you’ll feel better for doing the perfect thing.
· Produce a web site for each product lineup. Its free through amazon. Don’t compile all your services and products on one web site. As soon as I started I put all my 3000 products onto one internet site Ha ha. Don’t get it done!