How can I actually make money?
Just like the title says, How can I actually make money? the profits Amazon take only leaves me with hardly nothing as a profit, what is a mark-up you offer on your pricing? I sell things from Alibaba. any tips or tricks to help me will be greatly appreciated, Thanks in Advance
2 replies
Seller_kIukTwdhvntAp
It sounds as if you have a pricing problem.
One of the first rules of business is to know ALL your costs BEFORE you establish a selling price.
Amazon profit margins suck due to competition from people that are willing to 'race to the bottom' as well as competing with Amazon.
I price my items so that I make a profit if/when they sell on here. If they don't sell here they will on one of the other sites I sell on that have LOWER FEES.
Jumping in and not knowing the costs is a self-inflicted wound no matter what site you choose to sell on.
Danny_Amazon
Hey there @Seller_1F9s7Y766Wy1F- thanks for participating in our forums community! I like the guidance from the other seller in the thread, and I'll also share this quick course on growing the audience for your brand through a couple different methods in case there's any helpful nuggets in there for your business.
There is also a 'Grow your business' category here on forums that you might find value in perusing! I hope this helps but don't hesitate to tag me here with any other questions on this topic.
Best,
Danny