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After searching passive income streams online, I decided to take it to a higher level with some higher reward methods, but with few risks and costs. And in this day and age there is no shortage of opportunities to create income streams with lower startup costs. Therefore, one of the most popular ways to create an e-commerce business is through Amazon and its compliance service, mainly because of its simplicity. What attracts me the most is its independent location and it can be operated from almost anywhere in the world if you have access to a computer with a decent Internet connection. So here is a complete Amazon FBA tutorial and a step-by-step guide to start selling on Amazon.
I have already talked about the true diversification of your investments to avoid losing control if the market is blocked and you have all your investments as paper assets. Paper assets are great for investing, but they should not be the only asset class to generate income for you, but they should be one of at least four. The other three if you follow the advice of Robert Kiyosaki are basic products, real estate and owning a business. And the good thing about being alive in this era is that it has never been more accessible to become an investor in all these asset classes, even if you do not have a lot of money.
At this time, the greatest opportunity to build a legitimate long-term passive income business is through FBA, Fulfillment by Amazon. The Amazon brand is on track to become the first trillion dollar brand in the world and they were responsible for a staggering 44% of all e-commerce sales last year. Just think about that for a second. Nearly half of the products purchased online last year in the US UU They were purchased at Amazon.com.
What most people do not know is that Amazon does not sell its own products. In fact, they sell their products for you and only receive a small fee in exchange. Basically, this means that Amazon is inviting you to open a store in its shopping center (the most popular shopping center in the world) that receives more than 180 million buyers each month. So this is not a way to make money in the next 30 days, but an opportunity to build a long-term business that can generate income between 6 and 7 figures if you follow the right steps.
So, what Amazon has created is simply a convenience for anyone who wants to basically sell anything. If you are going to sell a product, you will not have to pack it, send it or even handle customer complaints and possible returns. All this will be managed by Amazon and its compliance service 24 hours a day, 7 days a week. And you can take advantage of this service from almost anywhere in the world, since it is an independent location. Which means that I can relax in Sweden and write to my supplier in China, or for that matter, have my VA write them and tell them to send my products to an Amazon store in the USA. UU Most providers will be able to provide private services. labeled and you can put your own brand there without any problem for you.
So, before choosing which product you want to start selling, you need to know your market. Or more specifically, you need to know how big the demand is and how much competition there is. And a common misconception here is that you need a unique product that no one else is selling to succeed. This could work once out of a hundred, but in reality it is more or less the opposite. You want to focus on selling something that has already been proven to sell well in a market that is not too saturated. You need some tools to do your Amazon FBA product research to be successful. I suggest using Jungle Scout and Unicorn Smasher.
Let's make 2018 the best financial year so far!
Kevin MacLeod's Life of Riley is licensed under a Creative Commons Attribution license (
Video credits to Primed YouTube channel