How to List on Amazon

If you want to use Amazon which I highly recommend there's an unlimited amount of items you can list for free.  When I started I just started listing every item my dropshipper had available.  I did a search on Amazon for the item I wanted to list and after finding this item I first checked my competitor's prices and determined if it would be worth my while to list.  Most of the time it was.  Even if I wasn't the lowest price I still listed just in case someone wanted to buy from me based on my location which was CA (where my dropshipper was located).  I determined the lowest possible price I should list the item at.  Normally I just listed at 120%-125% or higher of my dropshipper's price plus estimated shipping costs.  Most of the time I just did a quick calculation in my head and went with it.  I never take a loss so my price would always make me a profit.  I normally won't list an item unless I can make about a 10% profit margin or $5.  Even though sales only take a few minutes to process I didn't want a lot of small profit margins on sales.  Some of the items I sell are refurbished and returns can happen which could cut into my profits.

When I was list the item I just go through the necessary steps (item condition, condition note, Price, Quantity and shipping options).  Currently Amazon lists the low price within these steps so I can see how my price compares.  For listing condition I just put a brief description and copied the same for most items.  For example: "Brand New, Factory Sealed, Ships Fast using Fed Ex w/ tracking number!!  Shipping will take 2 to 4 days to arrive."  I have a few different condition notes that I use depending on the item I was selling.  For quantity I normally put in about 7-9 items.  I don't want to put in too many but I don't want to just put in one.  You need to be careful because dropshippers can run out of stock.  There have been times I've received orders for seven of the same item in one order.  My dropshipper only had 3 in stock so I had the unfortuneate duty to inform the customer and refund either for the items not shipped or the entire order.  Losing out on the sale was hard to take.  If you only list one item then you will need to relist when it sells.  This is extra time you don't want to spend.

I just spend a Saturday listing as many items as I could and the sales started flowing in.  It was amazing making so much money.  It felt like a cash machine.  I'll go over many other topics later including checking inventory with your dropshipper, what to do after a sale, keeping records, etc.

For Dropshippers and Suppliers: 

http://www.salehoo.com/learn-more?aff=legend14

Here's some great information on how to become an Ebay powerseller in 90 days.  I was a powerseller and the benefits are outstanding (save 20% on fees, etc): Click Here!

To open your own store using the free trial:  Start Online Business Today