Wonderful Engineering

How To Make Money Selling On Amazon?

Amazon presents a great opportunity for retailers to expand their market reach. You can easily register and sell your products on Amazon to a wide range of audiences. But sometimes this platform can be quite complicated. The taxes and Amazon fees might affect the final profit you earn. To avoid this problem, you can use the IO Scout FBA Calculator for Amazon Sellers

This tool is specially developed for Amazon sellers. Many sellers use this tool to calculate their Amazon fees and profit in advance. It helps you to fix the right price and make money selling on Amazon.

Amazon:

Amazon is the king of e-commerce. This online shopping platform is used by billions of people. Sellers from all around the world can list their products on Amazon. 

Similarly, buyers can use this platform to purchase different products. It is the biggest online retailer in the world. Amazon went from selling books to selling everything. Apart from e-commerce, it also provides cloud services. 

The owner of Amazon, Jeff Bezos, is the richest businessman in the world. His net worth is $190 billion.

How to Sell on Amazon?

Basically, you have two options to sell your products on Amazon. You can either choose the traditional way of selling your products on Amazon or go with Fulfillment by Amazon Service.

Traditional Method of Selling:

If you want to sell your products on Amazon, you have to follow a series of steps.

Fulfillment by Amazon Service:

This is another method of selling products on Amazon. It is a newly introduced service for sellers. Here, you don’t have to deal with the delivery and storage of goods. 

If you opt for this service, then Amazon will deal with storing your products in their warehouse. On top of that, they will fulfill orders on your behalf and provide customer service too.

To use this method of selling, you have to add FBA after your register your account. You also have to store the inventory in their warehouse. You can also enjoy the Amazon Prime program with FBA. 

Is It Profitable to Sell on Amazon?

Amazon provides a vast selling platform to the retailers. If you use this platform efficiently, you can make a fortune. More than 60% of sellers are happy with the returns they get. And almost 90% of sellers stick with Amazon instead of using some other platform. 

Even a newbie seller earns $26,000 to $810,000 annual profit. Most of these sellers go with FBA to avoid shipping and delivery costs. 70% of sellers earn more than 10% profit while others earn more than 20% profit. 

Best Tools for Amazon Sellers:

There are many online tools Amazon sellers can use. IO Scout offers a wide range of tools for Amazon sellers.

How to Make Money on Amazon?

New sellers often find it quite difficult to make money on Amazon in the beginning. But if you use the right tools, you can easily do it. You need to opt for Amazon FBA to avoid additional delivery, packaging, and storage cost.

Amazon FBA:

FBA = Fulfillment by Amazon. As we have discussed above, it is a service offered by Amazon to the sellers. When you go with this service, you can enjoy many perks like,

But there is one major problem. Amazon charges fees for this service.

FBA Fees Structure:

Amazon charges a special fee if you opt for FBA. It includes,

These fees can affect your profit calculations. To calculate the fees and profit, you can use the FBA calculator.

FBA Calculator:

It helps you to calculate the fees before you start selling your products. It also helps you to calculate the profit. Instead of selling goods on FBA service and incurring losses, you can calculate everything in advance to fix the right price.

You can use IO Scout FBA Calculator for Amazon Sellers. It is the best solution to sell products on Amazon and make money. This tool is for experienced as well as new sellers.

Benefits of FBA Calculator:

You can help you stay ahead in the game since the beginning. By calculation the fees in revenue, in the beginning, you can easily set a price to attain a competitive advantage over other sellers.

How to Use FBA Calculator?

You need to follow certain steps to use the IO Scout FBA calculator.

Best Product Finder Tools:

Apart from checking the FBA fees, you can also find the product for selling on Amazon. If you are a new seller, you need to choose the product wisely. 

You can use the IO Scout Product Finder tool to research products. You can check the trends and choose the product which provides a high-profit margin on Amazon. 

If you are planning to take advantage of the Amazon e-commerce platform and make money, you need to use these tools. You can opt for FBA and use these tools to stay ahead of your competitors and earn higher revenue.