One of the most common things I hear from people about starting a business on Amazon is: “That takes a lot of money. I don’t have that much money to invest.”
And that’s a big misconception about selling on Amazon.
True, you need SOME money to start. But not nearly as much as you would think.
In fact, even if you have a lot of money on your hands, I would advise you NOT to invest a lot at the beginning.
You see, most people think that you need to buy huge quantities of a product, and to either have a huge garage, or rent a warehouse to store them.
Yes, you get better margins when you buy huge quantities, but it’s not necessary. You can start with only 10, or 20, or 50 units of a product.
Test your market. Before you invest in your market.
One of the things that I’ve learned in business is that you have to be flexible and adaptable. You must have the ability to adapt and change your plan. If you test your market first with a lower quantity, you can get an idea if this is the right market for you.
As for storage, you don’t have to store them anywhere.
Amazon does that for you, thanks to their Fulfillment by Amazon service. What this means is that you give the manufacturer the address of the Amazon warehouse, and once it’s there, Amazon takes care of everything.
This truly is the the opportunity of a lifetime. Take it.
If you want to learn more about selling on Amazon, and how can we help you in the process, Click here and read more about the Amazing Selling Machine.