What are the pros & cons of selling on Amazon?
Are you considering selling on Amazon? Wondering what the pros & cons of selling on Amazon are?
I have compiled this short list of Amazon pros and cons, please let me know what you think.
Pros of selling on Amazon:
Amazon sellers appear more established.People are less likely to leave you feed back ( refer to cons as well).
Easy listings.
No need to take pictures for most items unless you are creating your own listing ( requires merchant account ).
Fast sales on low ranking items.
You can make money on Amazon's shipping credit.
The feedback system is less stringent. Getting a negative is not the end of the world.
It seems like there are less scammers on Amazon.
Easy to re-list items thanks to Amazon's inventory management systems.
Amazon FBA - I have no experience with this but for a fee you can pay them to store, pack and ship your items.
Cons of selling on Amazon:
You get paid every 2 weeks on Amazon.People are less likely to leave feedback which makes it harder to build up your feedback.
If you don't have a merchant account, you get charged an extra dollar for each item you sell.
It is easy get yourself into trouble when listing used items, if the listing says it is suppose to have X,Y & Z, you better make sure it has those.
Amazon can merge products without notice which can cause problems.
Amazon seller tips.
Tips:
It is important to determine the condition of your item, just because someone is selling an item for 1 cent doesn't mean you can't sell the item for more.Don't price your item as the lowest. Some Amazon sellers have automatic repricing tools and will just drop their price right after you.
You can very easily judge what products will sell well by viewing a product's rank and amount of currently listed.
The lower the ranking, the faster the item will sell.
I personally stay away from anything over 500K rank unless it is a high dollar item.
Anything under 10K is going to sell at a good speed.
The more items you have in your inventory, the more you will sell.
If a product has no ranking, it means that non have sold. Do your research when dealing with these products.
Comments?
This list is by no means all inclusive. If you have more pros & cons, please comment below.
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