Drop-shipping is going to be a viable way to make money on Amazon. What is drop-shipping? you may ask. Drop-shipping in simple terms means you are the middle man. You Buy stock from a supplier at cheaper prices, you may choose to ship that stock to yourself and add your own branding (labelling) and sell those products at a higher cost and thus make your profits in that manner. It's a basic business model, the only difference is that the transaction is done online (ecommerce). You can consider buying and shipping products in bulk from Alibaba, add your profit margins and sell those products at higher prices on Amazon. If you so choose, you can simply buy stock from your supplier, build your own online or ecommerce store and sell those products there. When a customer buys the product from your store, you buy from your supplier and ship directly from your supplier to that customer and you keep whatever profit margin you may have set for yourself. With Amazon's huge customer base, you can make mega profits just through the shear volume of customers even if your profit margins are not that high. I hope you can see that the possibilities for making money are huge with drop-shipping.
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- Catégories
- E commerce Amazon
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