Six Reasons Why You Should Be Selling On Amazon
Written by Robert Kiyosaki | Tuesday, July 12, 2016
Read time: 2 min
A system for selling online that anyone can master
Over the last month, I’ve talked a lot about starting your own business selling products on Amazon.com and how to outsell your competition. We partnered with Amazon expert and entrepreneur Brad DeGraw to put together a system that will make you successful, and we’ve told you about Jungle Scout, the only tool you need to know what products to sell.
Today, I’m wrapping up this series by recapping six reasons why you should start your own business and sell on Amazon.
1. You can do it from anywhere
As a young kid, my rich dad had to help at the family store. He spent many hours in the evenings and weekends tending and stocking. It was a big commitment that consumed not just his time, but his family’s time as well. The beauty of e-commerce is that you can set up a store online and sell from anywhere and at anytime, without having to personally tend your inventory or spend twelve hours a day sitting at a register. Amazon allows you to sell while you’re doing other things and your systems fulfill those sales. It’s true freedom.
2. It’s scalable
With traditional retail, if you want to grow, you need to find another location, build additional inventory, hire more staff, and more. It’s a huge commitment with a lot of risk. With Amazon, you simply continue to find good products, optimize your pages, and watch as your customer base grows. You invest in the system, not in locations.
3. It’s easy to learn
Learning Brad’s system and getting started selling on Amazon is easy to do. In fact, his 9-year old son uses the system with great success. Who needs an allowance when you can make thousands of dollars with your own business as a kid? Seriously though, if a 9-year old can do it, so can you.
4. You don’t need to handle inventory
Like I mentioned earlier, a huge downside of traditional retail is that you have to keep your physical product in inventory and on hand. With Amazon, you work in a system that eliminates this need. Your manufacturers handle the production and shipment of your inventory. You simply fulfill the purchase through Amazon and collect the cash.
5. You don’t need to deal with China
When I mention manufacturers, a lot of people immediately think of China—and what a headache it would be to deal with a foreign partner. The good news is you don’t need to deal with China. Brad uses US manufacturers to great success, and so can you. And there’s great benefits in doing so. They speak English, have uniform quality standards, are located in better time zones, and they take the initiative to figure out how to get things done.
6. It doesn’t take a fortune to get started
Finally, and perhaps most important, it doesn’t take a fortune to start your business and sell on Amazon. Brad started with $100 and a Wi-Fi connection. So can you.