Big Profits On Amazon Can Change Your Finances
Big profits on Amazon came from starting with eBay way back in the day. Many think Amazon can result in much bigger profits and it is difficult to argue.
The concept of making money on Amazon is pretty simple: buy low and sell high.
The great thing about it is you can find bargains and even free items everywhere.
Let’s start with gifts. Have you ever gotten a gift you did not like or want? Happened recently to me and it was quickly sent up to Amazon for their awesome FBA program.
What does that mean? Well, it means there will be big profits on Amazon when it sells.
YES, “when it sells.”
See, you never want to list an item for sale on Amazon unless you have a good reason to believe it will sell. More on that later…
Amazon deals can be found in any number of places. Here are some to consider:
- Your home
- Yard sales
- Garage sales
- Swap Meets/Flea Markets
- Goodwill/Salvation Army
- Estate sales
- Antique shops
- Used book stores
- Store Closing sales
- Moving sales
- And the list goes on and on…
What Products Earn Big Profits On Amazon?
Ask any Amazon seller what products can make big profits on Amazon and you will likely get a ton of different answers.
Where on might say electronics another might say kitchen gadgets and yet another might say clothing.
The real answer is: [tweet_dis]make money on Amazon with any item you can sell for more than you acquire it for.[/tweet_dis]
I have made money with: vacuum cleaners, mixers, books, makeup brushes, board games, kitchen essentials, clothes, toner, and a slew of others.
Some of these are certainly more lucrative than others. I made a fortune with toner cartridges but the rules have changed and toner is no longer allowed.
Books have been ridiculously good to me lately. I have a used book store at a mall near my house and it is hard to turn up a $1 book for at least $15 selling prices.
Mission focus is the key word when I go into a used book store. There are a few categories I focus on and no others. It is very easy to spend a couple of hours there but walk out with $100’s in profits.
Another place to find true gems is thrift stores. For me, that is both Goodwill and Salvation Army. You just never know what you might find. Big profits on Amazon abound in both locations.
There are some surprising finds there. Baby diapers have brought in a ton of money on more than one occasion. So has coffee makers.
What Is The Secret Tool To Big Profits On Amazon?
There are a lot of tools both free and paid which will almost force you to be successful with Amazon FBA. I have tried more than I care to recall.
I find the best one to start with, especially if you are on a budget, is the free Amazon Seller App:
This amazing app can scan a manufacturers bar code and instantly show you what it is selling for on Amazon. Use a little math to determine a profit and you are in business.
If you are at all like me, you will be scanning for a while so I bring along my Halo charger.
So How Much Can Big Profits On Amazon Add Up To?
That is certainly a loaded question with a no so easy answer.
Truthfully, it depends.
I can teach you everything you need to know to be successful with Amazon FBA and if you don’t do anything with it, you would make nothing.
Now, when you take action and implement the easy steps, you may find you gross over $250,000 in a year on Amazon.
That number is not made up. Brendan, one of my students, went from losing his job managing a bowling alley to an estimated $250,000+ this year with Amazon FBA.
He has carved out a pretty good niche for himself focusing heavily on shoes. Yes, shoes.
He is making a killing with pumps, and sneakers and dress shoes and more.
We caught up recently and we got to talking and I knew instantly I had to record it because he is just crushing it with Amazon.
Fortunately, he agreed.
Click the button below to be taken to the recording. It may not be available for long.