How to Start an Amazon Business Without Money
You must wonder if anyone could start their Amazon FBA business without money. But with Amazon, it is possible. This article will tell you how.
You must have heard millions of people make so much money on Amazon. If you always wanted to be your boss, this can be an excellent opportunity to start your career online.
By reading this article, you’ll know that you can start selling products on Amazon almost for free, you need to do things smartly, and eventually, you’ll make a lot of money.
How to Sell on Amazon For Free (in 4 Easy Steps)
Step 1: Find a used product to sell
First, you must find the best products to sell on Amazon FBA for free to start your business without money. You are starting from your home. You can sell the items online that you will not use anymore. It may be a book, utensil, or anything.
Step 2: Create a Free Account on Amazon
Creating an Amazon account will not charge you anything, so make an account on Amazon to start selling your products.
Step 3: List your products on Amazon for free.
After that, you need to list products on Amazon by taking the best pictures of your product and product description with the right keywords so that your product can reach your targeted customers. And in this way, your products will start selling.
Step 4: Ship the product when it sells
By the method of Amazon fulfillment by merchant (FBM), you can deliver the items to your customers with the best product and service so that they become happy customers and buy your products often.
Does it Cost Money to Sell on Amazon?
Selling on Amazon or expanding an Amazon FBA business can cost money, but new sellers can start without spending anything.
A survey discovered that most people earning millions today had started Amazon FBA business with little money. If you are thinking of starting a business online, there are two main costs that you need to consider: The fees and the Cost of your product.
What are Amazon’s Fees?
There are two main fees that Amazon charges and they are:
- Referral Fees:
Referral fees are generally Amazon’s commission which Amazon charges per sale. It is generally 15% of the sales price.
- Individual Per item Fees:
Amazon charges this fee if you’re not a professional seller. It will cost you $0.99 per item you sell. However, you will have to pay these charges only after your sales. So you don’t have to pay any of these fees without making a sale. Contact an Amazon FBA consultant to learn more about Amazon seller fees and pricing.
How to Find a Free Product to Sell on Amazon?
Suppose you are just starting a new business on Amazon and don’t have enough money to buy products. In that case, you can start by selling unused household items like kitchen items, toys, books, furniture, or electronics. Anything and everything can be sold on Amazon.
Apart from this, if you are an artist, you can also make and sell handmade products on Amazon. This can give you a new brand name, and your skills can get recognition.
In this way, you can save the cost of purchasing a new product, and whatever amount you earn, you can count it as your profit.
How to Know That You are Choosing the Right Product?
Choosing the right product can be a challenging task. But Amazon makes it possible for its users to predict the future. Here are the following ways by which you can find out about the product you are going to sell and whether people will buy it or not.
1. Check the product’s Best Sellers Rank (BSR)
Amazon Bestseller Rank or BSR is a rank given to the Amazon product of each category from its extensive database of products. It is based on the product’s orders compared to those in the same category within a given time. You can find it in the product description section.
Before choosing your product, you should check the BSR of the product. The lower the rank, the better the product, and vice versa.
2. Estimate your sales
To find out the average sales your product should make in a month, you can take the help of the free tools of Amazon-like AMZScout Keyword Tracker, Jungle Scout, etc.
These can help you in the following ways:
- Showing supplier Database
- Product research tools help you find the best-selling products in the market
- Alert notifications that notify you about the changes made in product listing by the competitors.
- Keyword research helps you to find the most searched keywords.
3. Estimate how fast your product will sell
Once you find out the best-selling product in the market and the sales it is making daily, you’ll get an estimation of the deals you can make in a month.
How to Create an Amazon Account for Free?
Firstly, You need to go to the link https://services.amazon.com, and you’ll reach the Amazon page. Then after scrolling down, Amazon will ask you to create a Professional Account or an Individual account.
The professional account is for sellers selling more than 40 products monthly. And for the professional’s account, you will be charged $39.99 a month.
Whereas an individual’s account is for sellers who sell less than 40 products in a month, and there are no fees charged for an individual’s account.
So, as you are a new seller, you can create your account as an individual seller, and your account will be created for free.
How to do Product Listing on Amazon for Free?
As we know, Amazon is a huge selling platform, and almost every product is available on Amazon. So, unless you are selling a new product that is unavailable on Amazon, you will have to do a listing of the product for searching the existing one on Amazon.
To do so, You need to follow these steps:
1. Find the product’s page on Amazon.
You need to type the product’s name in the search option or search the product description in the search box. You may also need to scroll from the search option to get the right product.
2. Click the ‘Sell on Amazon’ button.
Once you find the right product, you need to go to the Product buy box option, and then you’ll have to click on the grey button which says “sell on Amazon.”
3. Enter your product’s information.
After clicking the Sell on Amazon button, Amazon will ask you for information like the product’s condition, price, quantity, and Fulfillment method. You must fill in this information and click “Save and finish.”
This is the last step of the product listing. To learn more about setup your eCommerce product listings, contact us.
How to do Product Fulfillment after the Product Sale?
Once the product is sold, the final and most crucial step is fulfillment. So here are some of the fulfillment tips:
1. Use packing materials you already have.
If you have some already used good-condition boxes available at home, you can use them. Also, use some good packaging paper and the material required for packaging. This way, you can save the packaging cost, and your product will safely reach your customer.
2. Sell lightweight and small products.
Selling Lightweight and small products is always a good idea as you will save the extra shipping charges. You can take the help of service-providing agencies that charge nominal charges for lightweight items.
3. Use Amazon’s Fulfillment by Amazon (FBA) program.
You can also use the Fulfillment service by Amazon (FBA), which will not only sell your products but also provide the service of picking, packing, and Shipping your products to your customer’s doorstep. Amazon charges its sellers for this service.
This will save you time and almost cost you the same as you’ll pay outside. Another good thing about this service is that Amazon will deduct its charges from your payments, so you’ll not have to pay anything in advance.
Start Amazon Dropshipping Without Money
Many people dream about starting their own businesses, but they never get to live their dreams due to the lack of money. For this, Amazon has made it possible by providing services like Dropshipping.
It has become a popular term as many aspirants earned a good profit with the help of drop shipping service.
Drop Shipping means sellers take the service of shipping their product from a third party. It is allowed on Amazon. So whenever you receive an order for your product, this order will automatically get packed and shipped to your customer and delivered to your doorstep without even bothering you.
You can start dropshipping on Amazon without money because, initially, you will not have to pay anything. You pay only when you begin receiving your payments.
HOW TO DROPSHIP WITH NO MONEY
To do Dropshipping, you Just need three steps:
1. A product to sell
Finding the right product is the most essential and challenging job. Everything is going to depend on your product only. It should be reliable, receive positive reviews, and get recommendations to increase customer reach. The product should have the following qualities:
- It should be lightweight
- It should be easy to use.
- It must have less competition and room for improvement.
2. Find a reliable supplier
When you choose the drop shipping option, you must find the most suitable wholesale suppliers in the USA. So you can provide your customers with the best services on time without any disappointment.
Your supplier must have:
- Process orders 24 hours
- Be available always when you need them
- Provides the best quality items
- Delivers the product on time.
- Keep you informed about everything.
3. Upload your product
Now you can upload your product on the online platform on which you wish to sell your product. You can do the best product listing and also promote your product.
After this, Whenever you receive an order, your dropshipping service people will get the notification, and they’ll deliver to your customers.
Do you want to increase the visibility of your product listing on Amazon? Contact our Amazon EBC services to build your brand by improving your listing pages.
Amazon Business Loan
As discussed above, You can start working on Amazon with no money. But for taking your business to the next level, Online lenders can help you to get the funds you need to grow your business by investing in working capital or brand marketing.
Getting your loan approved by Amazon can be easier than through traditional banks, especially if you are a new Amazon seller with less customer base.
Amazon provides you with 6 types of loans that you can take from Amazon:
6 Type of Business Loan From Amazon
- Amazon Lending
- A business line of credit
- Merchant cash advance
- Business term loan
- Peer-to-peer business loan
- Personal loan
Let’s discuss these points in detail:
1. Amazon Lending
Amazon provides its sellers who have been with Amazon for at least one year a direct offer for a short-term loan for buying new inventories.
Amounts range from $1,000 to $750,000 with terms of up to 12 months, depending on your seller account. The interest rates in these types of loans are up to 6% to 16%.
2. A business line of credit
This is just like a credit card that Amazon provides its sellers So that the sellers can withdraw as much money on credit as they want with a limit on it.
Amazon sellers can use this money to buy inventory, Product advertising, or other needs.
It is available in amounts from $5,000 up to $5 million. Most providers charge an annual fee and interest on the funds you withdraw.
3. Merchant cash advance
In these types of loans, you can take a particular amount of credit from Amazon just before every sale you make, and then after your sales, you can make the repayment of the amount.
However, this can take a lot of work for the sellers to repay the loan in such a period. You can borrow from $2,500 to $250,000 and get funds in just a few days.
4. Business term loan
If you plan to start your business on a large scale, this long-term business loan can be the best option.
Many banks provide these loans, but loan approval for Amazon sellers gets easier. Depending on your annual revenue and credit history, amounts range from $5,000 to $5 million.
5. Peer-to-peer business loan
This type of loan is financial funding by the investors instead of one direct lender. Individuals can lend money to others where the lender and the borrower are matched using online services.
You need to pay back these loans with interest in monthly installments, which can be expensive. In p2p, lenders typically charge more money.
6. Personal loan
If you are starting on Amazon, then personal loans are the best. It can help you to buy inventories or hire professionals. They typically offer from $2,000 to $50,000.
You can repay these loans in monthly installments of over 2years to seven years.
Conclusion
By making smart decisions initially, you can start your business on Amazon with no money. And once you understand how to do it, you’ll begin earning a lot of money by selling on Amazon.
Do you want to stand out from the competition on Amazon? Hire an Amazon Premium A+ Content agency to enhance your product listing and improves your product description to get noticed by potential customers.
