Are you trying to figure out what to sell on Amazon? I’ve been there. As an Amazon Affiliate marketer, knowing which products to promote is critical to my commission fees.
Amazon sells nearly 400 million individual products. Beginners and even experienced sellers have difficulty sorting through this huge market and finding the best niche to pour their time and effort into.
In this guide, I’m going to give you 10 powerful Amazon product research tips. I’ll also help you decide if selling on Amazon is right for you.
Is It Profitable To Sell On Amazon?
In a word, yes! Amazon is already extremely popular and it’s getting even more so each and every day, especially with third-party sellers.
Third-party Amazon sales are growing in number and experiencing continual increases as the years progress. Jeff Bezos sees this increase in third party sales as serious competition to the Amazon first-party products his company sells. The third-party sellers are making legit cash, so much so that Bezos makes a definitive response to the increase in third-party sales, which you’ll see later in the article.
To put the rate of increase in perspective, third-party sellers accounted for 3% of Amazon sales in 1999 whereas this percentage steadily increased and was all the way up to 58% in 2018!
Just by looking at these numbers, it’s easy to see that third-party sellers are doing pretty well with Amazon sales, to say the least. These figures are even more impressive because Amazon first-party sales had increased from $1.6 billion in 1999 to $117 billion in 2018! That’s some big competition to go up against.
Selling your own brand on Amazon is profitable, whether you are an ambitious self-starter who wants to do it on your own or you want to delegate and use the services of others. You can choose to handle the shipping, customer service duties, and other roles yourself or sign up for Amazon FBA and let the Amazon team handle all of the finer details of the sale.
If you don’t already know about Amazon FBA, you should look into it as this option makes it even easier to sell on Amazon. Fulfillment by Amazon lets you hand off the duties to a knowledgeable team. To keep shipping costs down, you should compare Amazon fulfillment fees with major third party logistic companies.
You’ll learn how you can maximize your profitability as an Amazon seller as you read through the following content.