When you buy and sell on Amazon, you master the art of online shopping. Amazon is the world’s biggest provider of online retail and wholesale items that you may not find in other physical locations. The idea behind the website’s pioneers is innovative: now, you can shop from the comfort of your own home without having to move anything but the muscles of your fingers and have your desired items delivered to your doorstep.
You’ll need two separate accounts in order to do each of these things. First would be a buyer’s account so you can buy, of course and a seller’s account to sell. It’s easy to register as either on Amazon, as long as you provide them with your personal, credit or debit card and bank information. You’ll also need a working email address to verify your accounts and if you want to sell properly, you need to get PayPal verified so you can accept online payments even from international locations.
Do your research on the things you want to buy and sell. It’s best to try buying first so you can get an impression of how Amazon works and how to sell on Amazon prime. Look for similar items from different sellers, say a coffee table, and see how much they are asking for it. Check on the condition of the items for sale, as there’s a difference in prices for brand-new, used and refurbished items, especially in furniture. You can then use this information as a basis to price whatever it is you’re selling. Never randomly price an item when listing it on Amazon; that’s a sure way to get your throat cut as a businessperson.
There are sellers and resellers. Sellers are those who sell whatever they have straight from the manufacturer or wherever their sources are, while resellers are the ones who do serious buying then selling of items, making a profit in the process. Let’s say a reseller buys fifty pillowcases on Amazon from a factory representative, turns around then sells each pillowcase on his Amazon account at ten cents more than what he got for them. That’s reselling, something widely practiced on Amazon. You can do this, but only if you’ve mastered the workings of Amazon and know its policies.
Know when to sell. Say you’ve managed to buy a stock of knit hats at a cheap price and it’s summertime. Common sense dictates that your items are bound to sell slow because it’s not the season for it. Although there are people who buy out of season on Amazon because it’s usually cheaper, you’re more likely to get rid of your stock if you begin selling them just before autumn begins. Browse online sites for what’s in and out, what people want and what they’re not going to buy. These will all dictate how well you do in your buy and sell on Amazon transactions.