Amazon is the largest online retailer in the world. Their sheer size comes with lots of benefits, like web traffic and authority. People trust buying from Amazon.
Start an online business where you can leverage Amazon’s traffic and trust without holding inventory or investing a fortune. How is this even possible you ask? Well…
It’s a lucrative business model called dropshipping.
What exactly is dropshipping?
Dropshipping means your suppliers ship your products straight to your customers when someone buys from you. You don’t have to hold any inventory.
It can be started as a part-time business with low barrier to entry.
Because you don’t have to invest in inventory, you can start selling at virtually no cost. It’s not required that you incorporate a business or buy a logo to get started, and you only pay Amazon $39.99 a month starting from when you make your first sale.
To get started, you need to find a profitable niche product and a dropshipping supplier. Then, all you need to do is open a storefront on Amazon, upload your products, and start selling!
Now that you have an idea of what dropshipping is and how easy it is to start an online business with Amazon, what you have to do next is to find suppliers for the products you’re going to sell.
How to Find Profitable Products To Sell:
- Narrow down your top 3 choices based on proven profitable niches.
- Research the products, find the best prices, and a few suppliers that matches your criteria. Contact these suppliers and create an account with them.
- Alternatively, you can save time by using tools such as SaleHoo Labs and their supplier directory to find hot products and be in contact trusted suppliers easily and quickly.