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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