One of the most amazing aspects of the internet is that it gives regular ole folks like you and me the ability to make money from home. The ways of going about this are truly endless and one of the ways we’re going to talk about today is through the Amazon FBA program.
It may be hard to believe that you can make a decent amount of income through Amazon, but I’ve had the pleasure of interviewing someone who has created a successful business model using this program.
Just think of what you could do with a little extra money to throw at your debt? Or you might just want to make a little extra to save up for a specific goal.
Regardless of whether you want to quit your full-time job, save money, or pay off debt, this hustle may work for you. Since I’m just learning more about it myself, I’ll let Jessica from The Selling Family take it from here and explain to you what exactly an Amazon FBA business is, how you can get started, and provide a few helpful resources.
Oh, and don’t let me forget to mention that Jessica made over six figures working a total of 20 hours a week when they first got started;)
In this article, the following free tools are provided to help you decide if Amazon FBA selling is for you:
Related Article: How to Start a Blog on a Budget
Now, let’s learn to make money from home using Amazon FBA!
What is an Amazon FBA Business?
There are a lot of different selling ways you can pursue selling on Amazon, with FBA being one of the most popular. “FBA” stands for Fulfillment By Amazon, in which Amazon fills the orders for us sellers.
The short version is that you have an online store run by Amazon. You are in charge of finding products to sell and once you have inventory, you ship it into an Amazon fulfillment warehouse, where they store it for you until it sells.
When a product sells on the Amazon website, Amazon warehouse employees pack the item and ship it to the customer. Any customer service is also handled by Amazon.
Also, with FBA, all of our items are available for Prime shipping — meaning anyone with a Prime account gets free 2-day shipping. This is a huge advantage to us as sellers.
In our business, we focus on something called “retail arbitrage,” in which we buy products from retail stores and then resell them on Amazon. These are often products that Amazon doesn’t have in stock but that people want.
There are other ways to source inventory, but this is what we focus on and what we teach as the best way to get started. We have a free 3-part video series that’s a great place for people to learn the basics.
What should people know before they can make money using Amazon FBA?
My favorite thing about selling on Amazon FBA is that it gives me the freedom to choose when I want to work and how much money I want to make. I can spend a lot of hours and money buying more inventory, or I can work fewer hours and only buy certain amounts of inventory.
No one tells me what I have to do or when, and all I have to do is make sure I follow the rules Amazon has in place. This is also a business our whole family can do together; my husband and I source for products together, and my son often helps us label them. Sometimes my mom even helps us out when we have a lot to do.
Another one of the advantages to the Amazon FBA business is how little money you can invest to get started.
I typically say that an ideal situation would be to have $1,000 to invest, which would enable you to get a great training course like ours, some tools to start off with, and inventory.
A training course is optional, of course, but helps save time and hurdles along the way. The same goes for a lot of the tools.
One of our most popular blogs details the top 10 must-have tools we recommend for Amazon sellers.
Something people have to keep in mind is that this takes time and effort, and inventory has to be sent to Amazon all of the time in order to be selling all of the time. It’s not the type of business where you put up a site and are done.
The thing to remember is that this is an actual business, and to make more money, you’ll have to spend more hours. Also, it’s going to take the time to learn and grow.
For anyone who wants to learn more, we also have a beginners guide to starting an Amazon FBA business.
Do you believe this type of business model is something everyone can be successful in?
We’ve had people from all different backgrounds and skill levels take our beginners course, the Amazon Boot Camp. It’s the quickest way to start an Amazon business without any of the guesswork, and the goal of the course is to make sure you have a solid understanding of the way things work and have a great foundation to build on.
Our youngest student was still in high school when he started selling on Amazon FBA, and the oldest I know of is a man in his late 70’s. So, it is really awesome how this has impacted people from so many different walks of life.
One lady we met in our course had started selling on Amazon in order to buy a new car and be able to afford the payment and the insurance. She hit that goal quickly and is actually making a few thousand dollars a month now.
Another mom wanted to pay her daughter’s college tuition of $1,000 a month. She was able to pay that through her Amazon earnings and then stopped after her daughter graduated.
We also have students who have been with us for more than a year and are making six figures a year selling on Amazon FBA. And some of our students make way more than we ever have on Amazon!
So, absolutely! Anyone can be successful, selling on Amazon FBA. Check out our FREE 7-day email course!
Now, let’s wrap thangs up…
Didn’t she do a good job of explaining how this whole thing works? She did much better than I could have, that’s for sure. There you have it, folks! Procuring and selling products as an Amazon FBA seller is an incredibly interesting way to make money from home.
Let’s recap a few highlights from the interview:
- You can make money from home by purchasing products and shipping them to Amazon to fulfill orders on your behalf, hence the name Fulfillment By Amazon!
- If you’re interested in pursuing a full-time income, Amazon gives you the flexibility to work when you want. You have a say in how much you want to work based on your income goals.
- There is some investment required and The Selling Family makes it a bit easier by offering courses so you can be fully aware of what to expect and how to proceed.
- Regular people are using this business model permanently or temporarily to achieve monetary goals. Meaning, if you want to earn extra income or simply want to make money from home – selling through Amazon FBA could possibly help you achieve it.
Have any of you considered becoming an Amazon FBA seller? Do any of you already make money from home using Amazon FBA?