looking to hopefully start doing Amazon as a side hustle along side my job but have a few questions that I hope people may be able to answer.
As I don’t drive can everything be done at home from getting the product delivered, packaging it up and getting it collected via courier?
Would you recommend someone new taking out a small loan or credit card to help purchase more stock?
Finally, would people recommend using a virtual assistant from say Fiverr, I’ve seen a few who say for £500 per month they can source stock and manage the Amazon store?
Thank you for taking the time to read this and sorry for the long post.
yes depending on your products you can package them at home, although getting a courier to collect may depend on your volumes.
perhaps a 0% credit card, but be careful as you don’t know how well your products will sell. Remember Amazon will hold the money for a certain length of time.
What I would first consider is what business model you want to use. Either selling products or your own brand (private label) or reselling products of someone else’s (arbitrage)
That will help determine your next steps in starting
I personally find selling products of my own private label brand is the best way to go.
I would say begin by looking for something that is
Not so simple that everyone thinks of it eg water bottles, yoga mats and phone cases are a no.
Not so complex that it’s likely to be returned eg digital cameras, camera door bells, speakers etc
Finally something that retails for between £15 and £30 as anything less than £15 will be hard to make significant profit without huge volume and anything above £30 will be hard to get a fast sale.
Look for something that solves a common but simple problem by combining a few simple functions into a single product
1.) It should be possible, yes. We started out at home and didn’t have a car in the beginning.
2.) No. I would save up the money I needed and think of them as “lost” until I knew I got the hang of it and more money was coming in than I was using. If you do take a loan/use a credit card then if it all goes to shit you might have problems paying. Better save first and spend later.
No, I would not do that. I would begin small to learn the ropes and then expand from there.
