More than 2.5 million active sellers work on Amazon, and among all of them, just a few can be Amazon successful sellers, who increase their selling day by day. In this article, you get familiar with the secrets and mysteries of succeeding on Amazon. Don’t miss this article if you decide to come to the world of Amazon sellers or currently sell your products on Amazon.
What Is Amazon FBA?
The most advanced fulfillment networks worldwide belong to Amazon. You can store your products in fulfillment centers of Amazon with the Fulfillment by Amazon (Amazon FBA) service. Amazon will provide you picking, packing, and shipping service. In addition, customer service for these products will be done by Amazon. With Amazon FBA Business, you can increase your sales and reaches more customers.
How Much Do Successful Amazon Sellers Make?
There are many ways to sell on Amazon, but Amazon FBA is the most popular one up to now. Based on the report of Amazon and surveys that different companies have done, an average Amazon FBA seller can earn $1000 to $25000 monthly in sales. If you assume an average profit margin of 10%- 20% for an Amazon FBA seller, making $100 to $5000 a month in profit is imaginable.
There are three main types of sellers in Amazon FBA sellers working on the market for more than one year. In below summary table, you can have a glimpse of their profits and revenue:
Important Tips for Succeeding at Amazon
To improve your selling and become a successful Amazon seller, you need to be up-to-date and follow the below steps:
- Marketing for your business
- Keep your items’ price competitively
- Choose the right pricing strategy
- Participate in Amazon Prime
- Have diversity on your sourcing list
- List your products correctly
- Identify your most profitable product
- Select the right fulfillment option
- Customer service
- Go global
Actually, these 10 steps of success would not happen overnight, and you should put in the effort and hard work.
Another simple way that helps you be successful and make money easily, is to use OABeans online arbitrage lead lists. These lists are practical for both newbie and professional Amazon sellers and the leads are checked on different criteria like 90-days price history, category selling rank, being gate/ungate and etc. By using this list, you can earn up to $5000 monthly profit.
What Products Sells More on Amazon?
Amazon is known as a great place to have an e-commerce business. You can decide what to sell there, but you should select the best selling products to have a reasonable profit. Your selling products determines your success rate. Therefore choose them attentively. You can go to the Amazon best-sellers section, which is updated hourly. It is possible to find the products that are bought frequently. They are listed under each department with their trending rank. Best Seller Rank (BSR) will give a score to each product on each individual category and the related sub-categories simultaneously.
You should keep an eye on the seasonal products as their popularity changes very fast, while other products like books, electronics, and games hold their constant position. During the pandemic and lockdown, the products like personal self-care items and fitness equipment became more popular. By the way, any time you want to add new products, it is required to check the market to ensure that the products are still in demand. In general, the sales potential on Amazon for the following categories are high:
- Electronics
- Toys& Games
- Video Games
- Camera & Photo
- Clothing, shoes & jewelry
- Books
- Home & Kitchen
When you want to use Amazon’s best-sellers list, pay attention to the following points:
- All sellers have access to this information, so selecting the right product is very competitive
- Not all of the best-seller products are profitable because of their sales margin
- The trend of particular products may stop so that you can jump in
Final Thoughts
In Amazon FBA, Amazon will perform all steps for you. There is a big competition on Amazon selling, so the amount of money you can make depends on many factors. Optimistically, you can join many of the existing profitable Amazon seller stories by following our ten seller tips.
For selling profitable products on Amazon and take the path to success faster, you can use the websites that provide the leads on Amazon. OABeans.com is one of these successful websites that offer money-making leads to the users and customers. We hope that this article helps you on becoming an Amazon successful seller. To study more articles about Amazon, you can visit the blog on the SellerBroad website.
