Don’t worry about missing the e-commerce boat. Although many great e-commerce companies like Shopify, eBay, Etsy, and Walmart are sailing, others are just getting moving and among them is Amazon.
Amazon offers tremendous opportunities for people who are interested in joining the e-commerce space. At the peak of the pandemic in 2020, Amazon had a hefty $386 billion revenue, of which third-party sales drove more than half.
Amazon FBA is the ideal solution for individuals darting for work-from-home job opportunities. This make-money tutorial is simple, and anyone can do it— even complete beginners! Experience in business or marketing isn’t necessary.
The best part about this is that you can work whenever you want to work, not when someone wants you to. In this business model, you are your own boss.
Let’s take a more detailed look at how you could reach success with the Amazon FBA program. This write-up offers a step-by-step walkthrough on how to make money on Amazon, right from product sourcing to creating listings that actually sell.
Step 1: Find The Right Product
The Amazon marketplace is becoming a battlefield with a lot of strong competition, and nowadays, finding a product to sell with little to no competition is a pretty tough job. However, despite the saturation within the market, you can still thrive even if you join as a new seller. Zonbase.com is the go-to place for finding low-competition products.
Disclaimer: We are not affiliated, associated, authorized, endorsed by, or officially connected with Zonbase. This post is not sponsored, and everything mentioned in the article is based on research and experience.
Zonbase was voted as one of the most precise and best value software for Amazon sellers. It serves as an all-in-one software, having all the services and tools an Amazon vendor needs to take dominion of the Amazon marketplace. Whether you want to do product research, listing optimization, or keyword research, Zonbase can lend you a hand.
ZB also allows users to outsource crucial business processes to a team of experts who will perform them on your behalf and guarantee you get results. For example, through the PPC Autopilot and Page One services, you will be able to outsource all your PPC campaigns and product launches to all Zonbase’s PPC experts.
The advantage of this setup is that you are provided with all the tools you will ever need as a seller. All in one place. Thus, you will not need to get and access many tools for different purposes, and you won’t need to log into different accounts to execute multiple tasks.
The best route to get one step ahead of your competition on Amazon is to make decisions according to accurate data. With Zonbase, you can gain access to data on several different products, high-performing keywords, sales trends, and a lot more. You also have the privilege to see the hottest products that are updated hourly, impacting your product choice.
That’s too much information about Zonbase. Now let’s proceed to the Zonbase tool that will help you find a product— ZonResearch, which is among the most famous tools in the Zonbase software suite.
ZonResearch
With the help of ZonResearch, you can easily filter through the Amazon database with just a few clicks. It has over 400 million products in its catalog, which will allow users to find profitable products that meet your criteria.
To use ZonResearch, here are the things you need to do:
- Choose a category you want to enter. You can go for multiple categories or a single category if you’re going to laser-focus on one single niche.
- Set filters for monthly unit sales, reviews, and prices. And if you want more profitability prospects, you can also filter the best seller rank (BSR), monthly revenue, and even product ratings. By filtering these things, you’re giving yourself an opportunity to find the hidden gems in the marketplace.
The “below the radar” feature is one of the finest markers of ZonResearch. If you’re having trouble thinking up ideas from scratch, ZonResearch is a valuable tool that will help you narrow down your ideas.
Look for a product that has a maximum price of $30, 300 minimum sales per month, and maximum reviews of 51. You can also pick the best sales season. If you are looking for summer products, filter and “Summer,” and the same goes for other seasons.
Once you are done with the category and choosing filters, run the search, and you will be presented with products that fit the point of reference you have set.
To choose the BEST product among the choices on your end, you will have to use Chrome Extension.
Chrome Extension
You need to review and analyze the Amazon sales data of the product of your preference before you finally go for it. One of the most popular these days is browser extensions since they are easy to use. You just simply toggle them on and off by merely clicking their icon in the URL bar. They also don’t take up space on computers.
Looking into a product manually takes up a lot of time and effort. So the best solution to examine in-depth data about the products at one glance is utilizing Zonbase Chrome Extension.
To use this tool, you need to install the ZB Chrome extension and track the steps in how you can activate it. After running a search on Amazon, click the ZB button, and you’re already good to go!
Once you’re done installing this on your browser, you will be able to access significant information about the products that are similar to the ones you’re interested in selling.
Through this, you can make a data-driven decision before selecting a product to sell. The statistics and all data that Zonbase will give you are all live data.
This isn’t mandatory, but we suggest picking a product that makes between $9,000 to $50,000 a month as revenue. If it is less than $9,000, it is not a profit-wise business, and if it is beyond $50,000, it isn’t competition-wise.
Step 2: Product Sourcing
Once you’ve decided on which product you want to sell, you would want to proceed to product sourcing. Basically, product sourcing is the phase where you determine how you will get the products you are interested in selling.
For instance, you can look for a manufacturer, a wholesale supplier, or partner with a dropshipper. One feasible supplier is Alibaba, a wholesale marketplace for business owners looking to buy large quantities of products at an extremely low price.
Look for a legitimate manufacturer of the product. Look at their ratings, selling volume per year, and of course, the price their selling the product for.
After deciding on the manufacturer, reach out to them for inquiries. Ask them how much it would cost you to order a thousand units and ask whatever it is that you want to ask.
Step 3: Product Listing
Finding the “winning product” is essential. However, you can’t just put your product on the listing and have the “build it and they will come” mentality. You need to put effort into optimizing your product listing.
Make sure that your product listing contains the exact keywords that most people search on the e-commerce engine. This process is pretty like search engine optimization. Landing on the first page of these results will give you a higher chance of making sales.
These three simple steps are all you need to thrive with Amazon. Best of luck on your journey!