I recently found a niche for reselling certain things on amazon and I've made a little over $1,000 last month. My investment has been limited and I only spent about 3 hours a week to make this. I also work a full-time job that is completely unrelated.
Anyway, does anybody here sell on Amazon? Any tips or insight? I was also curious to know about taxes and whatnot. Specifically, how do I go about proving that the money I got in sales is X% profit versus my cost for products?
>>1294579
I take it you are shipping the stuff to Amazon and they are shipping it to customers?
If so then you should try shipping it yourself.
>>1294585
Nah I haven't messed with FBA at all. I ship everything myself. When I read the fine print and saw fees for storing my items, plus lower profit margins I decided against FBA.
>>1294587
You might see a higher number of sales, though. People like Amazon packaging, and they know what to expect in terms of delivery times.
>>1294594
Everything that I have posted has sold within 48 hours so I'm not too worried about it at this time. I kind of like how easy it all is. Fees are comparable if not slightly less than ebay. The exposure couldn't be better.
>>1294594
I personally dont buy anything unless its Prime
>>1294600
Same
Just wait until Amazon enters your niche, sells it themselves, and undercuts you. They will.
Speaking of Amazon, I want to order a fragile item, and I have two options: one guy sells it for €33 and ships it himself, the other sells it for €27 and ships through Amazon Prime. The second guy has a bad history of stuff arriving broken but it was before he started shipping with Amazon. I'm tempted to get the second for dat fast secure shipping but I'm kinda worried.
>>1294579
I'm still curious about taxation and such. If anybody runs a store front I would greatly appreciate some info.
>>1294600
I'm the same way when I shop but when what I'm selling is 20-30% cheaper than amazon people tend to jump on it. I also do 2 or 3 day shipping so the people have been pretty happy about that.
>>1294645
They price a wide-variety of pre-owned items too high. I have no intention of selling anything new. Their inventory comes from amazon trade in and their values are terrible. Occasionally they have good prices on open box through warehouse deals.
>>1295106
Free 2 day shipping is the only way I would even consider buying outside Prime
How did you find your niche?
>>1294587
How much is the cost of a regular shipment? In my country seem to be fucking high making it relatively impossible...
