Best Way To Sell On Amazon FBA 2024 (Exactly What I Do!)

Are you interested in making money by selling on Amazon? With over 500 billion dollars spent on Amazon’s website last year alone, it’s no surprise that many people are turning to Amazon as a way to create a passive income business. One of the easiest ways to do this is by using Amazon FBA (Fulfilled by Amazon), where you can buy products in bulk at a discounted price, put your own brand on it, and send it into the Amazon warehouse to sell for the full retail price.

In this article, we’ll explore the different ways to sell on Amazon, including private label, wholesale, and the third way that Travis believes is the biggest opportunity to make money with Amazon right now. We’ll also discuss the pros and cons of each selling method and provide tips on how to select the right product to sell on Amazon.

What You Need to Know About Amazon FBA

If you want to make money selling on Amazon, one of the easiest ways to create a passive income business is through Amazon FBA. With Amazon FBA, you can buy products in bulk at a discounted price, put your own brand on it, and send it to Amazon’s warehouse to sell for the full retail price. This is called private label, and it’s one of three different ways to create a passive income business on Amazon.

The second way is to buy products with a wholesale discount from sites like tundra.com and sell them on Amazon for the full retail price. This is called wholesale, and it’s different from private label because you buy products with an existing brand and sell them on their Amazon listing.

The third way to sell on Amazon is to find a product that is already selling well and improve upon it by making it better, cheaper, or more convenient. This is called the “improvement method,” and it’s the biggest opportunity to make money on Amazon right now.

Amazon FBA is the best way to create a legitimate passive income business because Amazon handles the fulfillment and gets the customers for you. You just need to occasionally order more inventory from your manufacturer and have them ship it to Amazon’s warehouse.

Different Ways to Sell on Amazon

Private Label

Private label is a way to create a passive income business on Amazon. In this method, you can buy a product in bulk at a discounted price from Alibaba.com, put your own brand on it, and send it to Amazon warehouse to sell it for the full retail price. The advantage of private label is that you own the brand, and no one else can copy your brand or sell on your Amazon product listing. However, the disadvantage is that no one knows about your brand, and other people can still contact the same manufacturer as you and make their own version of that product and sell it on a separate listing on Amazon.

Wholesale

Wholesale is another way to create a passive income business on Amazon. You can buy products with a wholesale discount from sites like tundra.com and sell them on their Amazon listing. The advantage of wholesale is that there are already people buying this exact same product on Amazon, but the disadvantage is that there’s nothing stopping other people from buying the exact same product as you and selling it on the exact same listing you’re selling your product on. Also, there’s nothing stopping manufacturers from cutting you off and selling their product directly on their own Amazon listing.

Third Way

The third way to sell on Amazon is the biggest opportunity to make money with Amazon right now. This method involves finding a product that has a high demand but low competition. You can use a tool like Jungle Scout sales estimator to find out how much any product on Amazon is making. Once you find a product, you can source it from a supplier and sell it on Amazon. The advantage of this method is that you can make a lot of money with a single product, and there’s less competition. The disadvantage is that it requires more research and effort to find the right product to sell.

In conclusion, there are three different ways to sell on Amazon: private label, wholesale, and the third way. Each method has its own advantages and disadvantages, and it’s up to you to decide which one works best for your business.

Pros and Cons of Selling Methods

Private Label

Private label means putting your own brand on a product and selling it on your own Amazon listing. The advantage of this method is that you own the brand and no one else can copy it or sell on your Amazon product listing. However, the disadvantage is that no one knows about your brand and other people can still contact the exact same manufacturer as you make their own version of that product, and sell it on a separate listing on Amazon.

Wholesale

Wholesale means buying products with an existing brand and selling it on their Amazon listing. The advantage of this method is that there are already people buying this exact same product on Amazon. However, the disadvantage is that there’s nothing stopping other people from buying the exact same product as you and selling it on the exact same listing you’re selling your product on. On top of that, there’s nothing stopping manufacturers from cutting you off and selling their product directly on their own Amazon listing.

Travis’s Recommended Method

Travis recommends a third way of selling on Amazon, which he believes is the biggest opportunity to make money with Amazon right now. He has personally used this method to do over six million dollars in sales. He suggests finding a product that is already selling well on Amazon and creating a better version of it. This involves improving the product in some way, such as making it more durable or adding extra features. The advantage of this method is that you can piggyback off the success of an existing product, but you can also differentiate yourself from the competition.

Current Amazon Market Status

Selling on Amazon has been a lucrative business for many, with 43% of Amazon sellers making at least $100,000. In 2022, over $500 billion was spent on Amazon’s website alone. Using Amazon FBA is one of the easiest ways to create a passive income business. 

Private label and wholesale are two other ways to sell on Amazon, but they are over-saturated with over 9 million sellers and 85% of them using these methods. However, there is a third way to sell on Amazon that is the biggest opportunity to make money right now. 

E-commerce is growing rapidly, with over $1 trillion spent on it in the United States alone last year. Amazon has over 300 million Prime customers, and 50% of all e-commerce sales happen on Amazon. 

The Amazon FBA program is the best way to create a legitimate passive income business, as Amazon handles the customers and fulfillment. The most important part of building your passive income Amazon machine is figuring out what product to sell. Avoid private label and wholesale and instead, sell a product that is not oversaturated.

E-commerce Growth

E-commerce is rapidly growing and has become a significant part of retail sales. In the United States alone, consumers spent over one trillion dollars on e-commerce last year. This number is projected to continue increasing every year. Interestingly, e-commerce only accounts for 20% of all retail sales, which means there is still a lot of room for growth.

Amazon is a major player in the e-commerce industry, and over 50% of all e-commerce sales happen on their website. They have over 300 million Prime customers who visit their site daily to purchase products. This means that as an Amazon seller, you do not need to spend as much time, energy, or money marketing your products because Amazon already has a vast customer base for you.

Selling on Amazon using the Amazon FBA program is one of the easiest ways to create a passive income business. Last year, consumers spent over $500 billion on Amazon’s website alone. With the FBA program, you can purchase products in bulk at a discounted price, send them to Amazon’s warehouse, and sell them for an increased price on Amazon. Whenever you make a sale, Amazon will handle the picking, packing, and shipping of the product for you.

Benefits of Amazon FBA

Here are some benefits of using Amazon FBA:

• Amazon has over 300 million Prime customers, which means that you don’t need to spend as much time, energy, or money marketing your products because Amazon already has the customers for you.
• Amazon spent over 20 billion dollars on marketing last year alone, which means that you can benefit from their marketing efforts.
• Amazon FBA takes care of all the fulfillment, which means that you can focus on growing your business instead of worrying about shipping and handling.
• You can make more profit by buying products in bulk at a discounted price and selling them for a higher price on Amazon.
• Amazon FBA allows you to sell your products on Amazon’s website, which is the biggest e-commerce platform in the world. This means that you can reach a wider audience and potentially make more sales.

Overall, Amazon FBA can be a great way to create a passive income business and take advantage of the growing e-commerce market.

Conclusion

Selling on Amazon can be a lucrative endeavor, with over 43% of Amazon sellers making at least $100,000. In 2022 alone, over $500 billion was spent on Amazon’s website. Using Amazon FBA is one of the easiest ways to create a passive income business.

Private label and wholesale are two popular methods, but they are becoming oversaturated with over 9 million sellers on Amazon. The biggest opportunity to make money with Amazon is the third way, which involves finding a profitable product and selling it using the Amazon FBA program. With over 300 million Prime customers, Amazon has a built-in customer base, and they handle the fulfillment, making it a low-maintenance business. 

The key to success is finding the right product, and the speaker in the video recommends selling a product that has high demand and low competition. With dedication and hard work, you can build a successful Amazon business and generate passive income.