Want to feel less overwhelmed, have more clarity, and remove 99% of the noise surrounding your Amazon business? Keep reading for the number one thing that makes selling on FBA easier.
What’s the number one thing that makes selling on FBA easier?
Pick your customer first, not your product.
This simple concept is the number one thing that makes selling on FBA easier.
Selecting a customer first allows you to sell a range of products that serve that customer. This will reduce all the opportunities that you could go after because they aren’t applicable to your customer and will ultimately not make you any money. Understanding your customer will allow you to better market to them, as well,
Once you’ve picked a customer and you’ve created a brand around that customer, then you need to ensure there is a demand for your product. You want to aim for a profit margin of around 35 – 30%, while also making sure you have at least 100% return on investment. ROI is most important because this how you will cover the cost of business, increase cash flow and put money in your pocket. This will bring you success on Amazon FBA.
Three ways to be successful selling on Amazon FBA:
- Understanding your customer
- Understanding what you’re getting into
- Having sufficient ROI
Discover how to build a successful business with Amazon with our FREE Training series, Amazing Selling Machine.
Matt Clark is the Chairman and Co-Founder of Amazing.com, a serial entrepreneur, and investor. He’s been featured on Forbes, CNBC, and Entrepreneur.com.