Do you want to work from home and get a new side hustle? Then you need to consider how you can make money with Amazon FBA.
Your earning potential with Amazon FBA is limitless. Imagine earning an additional $100, $300, or even $3,000 every month selling on the platform. How could an extra $3,000 per month help you and your family?
Could you get out of debt, spend more time with your loved ones, or quit your unfulfilling job?
While selling on Amazon FBA can make you good money, you must know there are some types of products that sell faster than others.
In this article, we will take a look at the best-selling products that you can sell on Amazon FBA.
1. Clothing, Bags, and Accessories
These products are grouped under the category of standard-sized products and they have a low storage charge at an Amazon Fulfillment Center.
The platform charges £0.39 per cubic foot per day between January to September (i.e. the low season) and £0.55 between October and December (i.e. the high season). One benefit of storing these items is that different items can be stored in one box with a modest size without affecting the product’s quality or safety.
This implies that you will be able to maximize the cost of your storage space by storing different forms of items together, like underwear, plain T-shirts, or ties that customers are not likely to buy individually.
Another item that you can sell to make money with Amazon FBA is jewelry. If you are selling high-end jewelry, you can enjoy high margins since the profit will cater to the storage and shipping fees.
However, Amazon charges a referral fee for the sales of jewelry, so note this when you are setting your price.
Even if the jewelry you’re selling is not expensive, you can still take advantage of the benefits Amazon FBA provides if you sell a large volume of pieces of jewelry every month. Ensure your packaging is attractive. You don’t need to waste your resources by packing a single bracelet with a large box; pack the jewelry wisely.
By being smart with your packaging, you will be able to get more returns on your investment. You can also include jewelry in a bundle with other fashion accessories. For instance, you can sell a bracelet that matches a necklace and scarf.
Through this approach, you will be able to charge a higher price for a standard-sized package that is not only light but occupies little storage space.
We will always need footwear, whether for the office, for the gym, or something to wear with jeans. Shoes are mostly packaged in small boxes and are fairly easy to ship. Since they are in huge demand, you can easily sell them to make money on the Amazon FBA platform.
Many people believe that the book industry is gradually dying, I’m referring to physical books; i.e. books with solid paper and ink. This has always been one of the misconceptions that people have ever since the dawn of the internet.
On the contrary, physical books are not dying. Instead, it is booming. In case you’re wondering why this is one of the best items to sell and make money with Amazon FBA, that’s because it has low cost and high returns.
Sometimes, you can buy a surplus of books for a low amount and you can immediately resell it for as high as 1,000% of the original price on Amazon. Although it may not be a sure-fire pricing tactic, it is effective when you do it right.
Here are samples of the highest-priced books on the Amazon FBA platform:
- World history books
- Music books
- Bindings on military science
5. Beauty Products
The beauty and personal care industry is expected to grow at about 7.2% between 2019 and 2024. So you can be sure the online demand for products in this category will increase in the coming years.
Products such as skin and hair care, personal hygiene, and grooming offer a tangible opportunity for entrepreneurs to make money in this industry.
6. Electronic Products and Accessories
Electronics and accessories are items that sell very well on Amazon FBA and these products can help you make money with Amazon FBA.
Smartphones and tablets are best-selling items on Amazon FBA. The latest high-end smartphones have high prices and they sell very well, even if they are listed at the most competitive rates. The good thing about them is that they are packaged in small boxes and require little packaging.
So, if you spend on storing a huge volume of electronics in a Fulfilment Center and you get good sales, the fees will not have much effect on your profits. However, you need to ensure that the products are secured and well packaged to keep them safe while in transit.
7. Baby and Young Children Products
Baby and young children’s clothing and accessories are small and also lightweight. You can pack different pieces of these items together depending on their themes (such as T-shirts, pyjamas, and toys that are based around princesses and dinosaurs).
These items have huge sales and since their storage and shipping fees are low (due to their small size and lightweight), there won’t be much effect on your profits.
8. DVDs, CDs, Blu-Rays, and Video Games
The different types of media, such as DVDs, CDs, Blu-Rays, and video games, are some of the best-selling items that can help you make money with Amazon FBA. The larger sets of boxes have lightweight and can be packaged into small boxes.
However, ensure you avoid excess space while preparing to ship the items so that the items will not be moving around in transit.
9. Exercise Clothing and Accessories
One surprising thing about exercise clothing is that it makes you want to do some workouts. Although this may not be true for everyone. This, coupled with the fact that no one is interested in buying used exercise clothing, makes it profitable. Here are some of the products in this category:
Women’s Sports Bra
This gives additional support that keeps women comfortable while working out. It prevents them from being weighed down.
Also known as leggings, yoga pants are important for a sportswoman. Women generally buy a set of yoga pants for exercise.
Training Tank Tops
Men usually need affordable, high-quality, and quick-drying tank tops while working out. Most of these items can be gotten from China suppliers.
How to Choose Products to Sell on Amazon FBA
Now that you know the best items to sell if you want to make money with Amazon FBA, let’s check out some tips that can guide you when looking for products to sell on Amazon FBA.
1. Choosing a Popular Category Implies Competing with Amazon
Amazon will always put its branded products ahead of your products in search results. Also, AmazonBasics products will be most likely cheaper than yours.
2. Choosing a Popular Category Could Imply Higher Costs of Ads and Saturation
It is risky to compete in a well-established market; you need to have a different strategy. Also, if you are competing with a lot of other sellers, you will incur a huge cost of advert, which isn’t right especially if you are just starting.
3. Use Google Trends to Find Products in Less Competitive Categories
Always use Google Trends to understand what the market is searching for, the demographic of the market, as well as what keeps coming up.
4. Focus on the Behavior of the Consumer
Consumer behavior is ever-evolving. Although unexpected events, like COVID-19, don’t happen always, consumer demands usually change. As a seller, you need to stay on top of these changes if you want to survive.
5. Find the Data You Need and Adhere to It
You need data to find what you can sell to make money with Amazon FBA. Don’t choose a product just because you like it. You need to back up your choice with evidence that it will sell in the market.
6. The Best-Selling Products on Amazon FBA Usually Change
The best-selling items on Amazon FBA do not only depend on what they are and their categories, they also depend on how they are listed, when, and how sellers use the tools on the platform.
By using these different factors and staying informed as to the market changes, you will be able to dominate Amazon FBA.
How Much Can You Make Selling on Amazon FBA?
You can earn 6-figures within your first year from selling on Amazon. If you are experienced in buying and reselling items, you can use this skill to buy items at cheap prices and resell at high prices.
Whether you want to make extra spending cash or you want to build a full-time business, Amazon FBA can make you enough money that you can use to pay off debts and enjoy more freedom.
Can you make money on Amazon FBA?
Amazon FBA can make you rich. If you put in the required work, you might be able to join the upper 6% of those earning above $250,000 per month in sales. Consider that on average, these people spend less than 30 hours per week on their Amazon FBA business.
Is Amazon FBA still profitable?
Yes, Amazon FBA is still profitable. Despite the negative opinions of how oversaturated the market is, it is still good to start your own Amazon FBA business.
How much does it cost to start selling on Amazon FBA?
While some sellers started with five figures, you can actually start an Amazon FBA business with as little as $500 for some items. The first bulk purchase you make will account for most of the budget but you should also consider the budget for ads and other necessities.
The items you sell on Amazon FBA are a decision that will have a huge impact on your Amazon business. If you want to make money with Amazon FBA, you need to be mindful of what you sell on the platform. Carry out your research and offer products at competitive prices.
Also, having a specific audience will contribute to your success on Amazon FBA. It is also important to offer valuable products. So, ensure you follow the tips and suggestions in this article. It will refine your product ideas and also help you make money with Amazon FBA.
It is also important to note that irrespective of the changes implemented on amazon and changes that occur in the trends of the market, the process of finding the best products to sell does not change.
If you are interested in exploring more on how to make money on Amazon, check out this article on Tosinajy for more tips.
I hope you found this guide helpful. Thanks for reading.