Are you looking to make money online? In this video I discuss 10 reasons why you should start considering selling on Amazon using their FBA service! I have been selling on Amazon since 2018 and I believe it is one of the best ways to make money online.
If you are an Amazon FBA beginner I am assure you that Amazon FBA is still worth it and that FBA is still profitable 2020.
These are the 10 reasons why I believe you should think about starting an Amazon FBA business...
1) Part-time Potential - It is possible start an Amazon business in your spare time. Whether you have a job or are in full time education it is possible to start making money on Amazon with only a couple of hours per day over a period of a couple of months.
2) Low Barrier to Entry - If you have a computer, basic tech skills and a reasonable investment (£1,000-£2,000+) then you should be able to start your own Amazon business - NO QUALIFICATIONS NEEDED!
3) Passive Income - After launching and establishing well ranked products, the income stream can become very passive. To give you an example, over the previous 3 months I have spent approximately 3-4 hours per month on my Amazon FBA business (due to the birth of my son) yet during that time my FBA business generated over £50,000 of sales.
4) Work from anywhere in the world - With a laptop and internet connection you can run an Amazon FBA business from anywhere in the world. It is usually possible to sell on any Amazon marketplace from any country.
5) Fast Results - Unlike many traditional businesses which can take years to start returning a profit, an Amazon FBA business can generate a profit in just a couple of months.
6) Employees not required - Not having to employ people is often one of the benefits of making money online vs starting a traditional business. With Amazon FBA this is no different, you could grow a 7 figure business without any employees. If there is a service or skill you need this can usually be outsourced cost effectively to a freelancer or contractor.
7) Growing Audience - Amazon's audience is growing and in the UK over 40% of customers have access to a Prime account. This is a very loyal customer base or repeated shop on Amazon and are waiting to become your next customer!
8) Tools to Manage Risk - The riskiest part with an Amazon business is choosing the right product, with FBA there are tools available to help you with product research to mitigate the risk as much as possible that you choose a bad product.
9) Make money 24/7/365 - The Amazon website doesn't close, people are shopping 24/7 and you can even make money on Christmas day. There aren't many businesses where you can make money every day of the year!
10) Community Support - Starting any new business can be daunting, especially an online business! With Amazon FBA community support is available to help you - I run the www.fbaelite.com community forums which has over 500 members in adddition to free Amazon training videos, Amazon resources and Amazon FBA related exclusive discounts.
Amazon FBA is without doubt one of the current best ways of making money online - let me know in the comments below if you are thinking of starting an Amazon business!
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