How to make Money Online SafelyMaking money online safely
Does Making Money Online Sure?
Ensure you are choosing a good buisness mode. I think the best buisness is Amazon FBA. So what's this buisness plan? Amazon is known as FBA (Fulfillment By Amazon). My main concern is to create a trademark around a certain niche/category where I can start too much with the own trademark of my own product in that particular niche/category.
The FBA is the shipping of our unit to the Amazon camps. As soon as your item is sold - Amazon grabs your item, puts it in a shipping container and sends it to the buyer. Amazon will not only take care of that, but will also take care of all problems in our after sales services and return shipments.
It' s a very hands-off and allows us to concentrate on things that will help us make money. Our search is for highly demanded items (many buy this item every day) with low competitive levels (low entrance barriers = low ratings). How we find these items is the use of softwares that quickly give us a very precise estimation (with Amazon there is no way to get 100% true selling information, but these estimations are the next things!).
Looking for items that we can buy at a low cost and resell at a high cost, usually with at least a 5-fold premium. We find a good item that we can get for $5 in Amazon's stock - we are selling for at least $25. That is very important because there will be some charges that we will have to charge and we want to make sure that we can make a good return.
Once we have found our possible products, we drive to a location like Alibaba (a location where we can talk to world-class suppliers). Most of these) are in China and we often like to work with these vendors as the costs of manufacturing are much lower.
Starting to talk with these vendors about our new products, discussing what the products should have (maybe we want to colour them, or want to complement them with another one, adding our own logos, etc). As soon as we have found our vendor, we start paying for the item and he starts producing it.
As soon as manufacturing is completed, we can either have our suppliers delivered to our home base so that we can test and inspection the product and make sure it is all good. We can also have them deliver the product directly to the Amazon stock. As soon as the goods are in stock at Amazons, we then begin to try to evaluate these items.
How do I rate these items? Now, the primary reasons why we want to resell on the giant Amazon website is the unbelievable amount of visitor numbers. And if we are not on the first page for our product, then we won't be able to get into the mad trade that doesn't correspond to many Bio turnovers.....
Naturally, there are some other things that flow into the overall strategy. The Amazon is giant and gets larger and larger every single year. Having our product on Amazon allows us to start using the enormous amount of data available, which makes it an incredible time.