Being an Amazon seller can be a very lucrative job, but in order to get there, you’ll need to know a few really strong tips, notably three. These three effective strategies will go a long way in helping you realise your goals as an Amazon Vendor, whether you’re a novice or a pro.
Tip #1: Find hot sellers, buy them for a lower price, and then resell them for a profit on Amazon. Every product on Amazon is assigned to a category that is relevant to it. There is also a top ten list for each category on Amazon.
What does this mean for you? That’s all there is to it. Let’s imagine you wanted to sell books on Amazon but weren’t sure which ones would be the most popular. All you have to do is go to Amazon, choose any book, go down to the Amazon Best Seller Rank area, then click on “Top 100” next to it.
This will direct you to Amazon’s top 100 best-selling books. Find one that you want, buy it for whatever you can afford, and then sell it for a profit. It’s important to remember that it doesn’t have to just book. Amazon’s products are divided into a variety of categories, each with a top 100 list.
Tip #2: When placing your items up for auction, price them one penny lower than the top rival. I’ve seen firsthand how this reaps enormous benefits. Being an Amazon seller can be difficult since selling something means competing against other sellers who are selling the same product.
Because every vendor will try to make their products more enticing than their competitors, your best bet is to price your item one penny less than the vendor selling it for the lowest price. To put it another way, if you have ten vendors selling one item in a price range of $5-$10, with the cheapest being $5, sell it for $4.99.
One penny less makes your item not only cheap, but it also attracts the attention of the buyer/s, resulting in your item being the most looked at and having the best chance of being purchased.
Read More: https://morsbags.com/forums/users/alpha-repricer/