Previously, we talked about how you can make money on eBay without selling anything. Today, we dive into another direction and learn together how to make money on amazon without inventory.
Because, believe it or not, selling things is not the only way to make money on Amazon. And if you happen to have no inventory to sell, this guide on how to make money on amazon without inventory will be perfect for you.
What is Amazon?
Before we begin this guide on how to make money on amazon without inventory, it’s common sense to know what Amazon even is in the first place, just in case you don’t know.
Amazon as we all know is a massive e-commerce and marketplace platform. Everyone can sell anything on Amazon. Not only that, but Amazon also offers other services such as the Amazon App Store for Android, which is an app store similar to Google Play, but with its own unique benefits.
Now that we know what Amazon is, let’s talk about how to make money on Amazon without inventory.
Is It Possible?
Well, this is a legitimate question to ask at the start of this guide on how to make money on Amazon without inventory.
It is possible to make money on Amazon without inventory. However, it is important to note that this is not a quick money-making scheme.
You will have to work hard and follow a step-by-step approach to make this work. That’s why a lot of people call this the “Slow and Steady” approach to online business.
So, before we go any further, let’s make one thing clear. You can make money on Amazon without inventory.
If you are a business owner, you must have heard of the terms “dropshipping” and “fulfillment by Amazon.”
Well, in this guide on how to make money on Amazon without inventory, we will talk about dropshipping in detail. Let’s start by understanding what it is.
In essence, dropshipping is a business model where a retailer doesn’t keep the inventory of the goods they are selling.
Instead, they buy their merchandise from wholesalers or manufacturers and then sell them to customers. When the goods are sold, retailers make a profit by charging a higher price than what they paid for the goods.
And how does dropshipping relate to this guide on how to make Money on Amazon without inventory? Well, Amazon is a very popular online retail store. And it has a great dropshipping program.
It allows sellers to list their products on Amazon and ship them through Amazon’s warehouse. That’s why dropshipping becomes the primary method how to make money on Amazon without inventory.
The Pros and Cons of Dropshipping
How to make money on amazon without inventory – Before we move on to doing the dropshipping itself, it is important to know the pros and cons of dropshipping.
Because it is not all roses when you do this business model.
The main pros of doing dropshipping are that you don’t have to worry about managing your own inventory and supplier issues. There’s also the fact that you can scale your business easily thanks to how flexible its business model is.
Meanwhile, as for the cons, the main one is that you can’t build a personal brand as you’re not the producer of these products. It’s also a bit hard to do quality control on the product you’re dropshipping for.
Dropshipping on Amazon
Is it possible to make money on Amazon without inventory? Well, Amazon has a great program that lets you do dropship as a business model.
The program is called Fulfilment by Amazon (FBA). Basically, you send your goods to Amazon’s warehouse, and then they ship the products to your customers.
So, Amazon will sell your products, handle customer service, and ship the products to your customers. You sit at home and earn a profit by using the sales made by Amazon. Isn’t it amazing? Yes, it is. And it’s one of the easiest ways to make money on Amazon without inventory. With Fulfilment by Amazon (FBA), you can sell almost anything.
You can sell physical products, digital products, and even food items. However, it is important to know that there are certain restrictions with this program. So, make sure you check them out before selling anything on Amazon.
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In this guide, we talked about how you can make money on Amazon without inventory. We discussed what dropshipping is and the pros and cons of this business model. We also went through the different ways to make money on Amazon without inventory.
So, now you know what options are available to you and how to go about them. All that is left for you to do is take action.