It’s not rocket science to set up your
own FBA business and start earning passive income. It’ll take some work, though.
As is the case with most other passive income sources, it’s all about building a
solid foundation for your FBA business.
Here are the steps towards enjoying
passive income via Amazon FBA:
● Account: Sign up for a professional account to maximise seller benefits.
● Niche: Research what niche is best to get into and
generate ideas on what products to sell on FBA. Some niches are definitely
profitable while others are trash so research well. This means some quality
market study and analysis until you get a good grasp of the supply-demand
climate in a particular niche, as well as the nature of the competition
therein.
● Suppliers: After determining what particular niche
and products to sell on FBA, you’ll need to find a good supplier. A good
supplier is one that doesn’t just provide quality products but also delivers on
time — ahead of schedule even. When looking for the right supplier, consider
asking for samples, determining a good lead-time and estimate your potential
margins on the products.
● Listing: Once you’ve found a great supplier, you
should make a listing for your chosen product on FBA. Use good keywords and
great content to make your product page the best that it can be. Popular
keywords and Search Engine Optimized descriptive content often play a big role
in attracting potential customers. Again, if SEO writing and handling keywords
successfully are tasks you find difficult, this is also something that can be
delegated to a freelancer.
● Traffic: Once everything’s been setup and running,
the last frontier is to make more people aware of your product page on FBA and
bring them to your product page.
You can do this a myriad number of ways both
free and paid. Your free options are social media and word-of-mouth while paid
advertisements can be done on Facebook and other websites.
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