Amazon is ranked as the 4th largest website in the world. And for good reason, all of its traffic is there purely to shop and spend money! As a side hustle, Fulfillment By Amazon (Amazon FBA) allows individuals to sell private label products online without having to maintain an inventory. Lori Vajda and Nola Boeá had questions about what it takes to get started as an Amazon seller. The co-hosts sat down with guest Gina Fontana, so she could share her experience selling private label products on Amazon, all while managing her full-time photography business.
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Sticky Brand Lab
Amazon private label seller strategies are in the works. Come have a listen!
In This Episode You’ll Learn
- Whether private labeling might be a good side hustle for you
- How Gina got interested in private labeling
- The basics of how private labeling and selling on Amazon works
- What a private label product is and why it’s popular to sell
- The advantages of using Fulfillment By Amazon, or Amazon FBA
Although Gina is relatively early in her journey selling private label products on Amazon, she explains that the longer-term possibilities for growth are unlimited. As Lori and Nola quickly realized, just like with any business, there’s a certain amount of uncertainty that comes with being an Amazon private label seller because there are no guarantees of product success. However, understanding the startup costs for items such as software, registering your business, production, inventory and shipping costs for your products, label design, and Amazon fees, can help you make an informed decision as to whether or not this is a good investment for a side hustle business.
- (5:59.52) A simple way to determine if an item is worth investing in for private label selling.
- (7:10.82) This is a great tool to help sellers see which are the popular items being sold on Amazon and what their profit margins are.
- (7:44.44) The biggest reason for using Fulfillment by Amazon isn’t just that they keep your inventory in their warehouse.
- (8:55:78) Where to source products and the cost saving reason for making sure the vendor is reputable.
- (11:39.91) The basic startup costs before you can even begin selling on Amazon.
- (12:57:69) The 4 best reasons sellers should consider for not shipping items yourself.
- (19:12:63) Gina shares her ‘lessons learned’ so you can avoid these mistakes.
Resources
This episode was supported by: Be-YOU-nique
Podcast Transcript – https://www.stickybrandlab.com/podcast