{"id":11948,"date":"2018-06-21T08:52:39","date_gmt":"2018-06-21T07:52:39","guid":{"rendered":"http:\/\/www.repricerexpress.com\/?p=11948"},"modified":"2020-09-24T12:23:19","modified_gmt":"2020-09-24T11:23:19","slug":"turn-amazon-side-hustle-full-time-gig","status":"publish","type":"post","link":"https:\/\/www.repricerexpress.com\/turn-amazon-side-hustle-full-time-gig\/","title":{"rendered":"Turn Your Amazon Side Hustle into a Full-Time Gig (6-Step Guide)"},"content":{"rendered":"<p><em>Guest post by Victoria Sullivan from <a href=\"http:\/\/go.payability.com\/RepricerExpress\">Payability<\/a><\/em><\/p>\n<p><strong>Have you been having a successful run with your part-time Amazon business? If you\u2019ve been earning high margins and experiencing steady growth, you might be ready to go full-time. Of course, that would mean giving up a more reliable source of income for one that can be risky, but with the right approach, it can all be worth it. <\/strong><\/p>\n<p>After all, Amazon\u2019s third-party sellers sold nearly <a href=\"http:\/\/www.repricerexpress.com\/amazon-statistics\/\">$140 billion in 2019<\/a>. Needless to say, the market is huge and it\u2019s growing. To take full-time advantage of the opportunities and finally be your own boss, you need a sound ecommerce strategy.<\/p>\n<h3>Chances are, you\u2019ve already got one in place, otherwise, you wouldn\u2019t be considering the switch to full-time. Nevertheless, by following these six tips, you can confidently turn your Amazon side hustle into a successful full-time gig:<\/h3>\n<h2>1. Know the Rules<\/h2>\n<p>Amazon has strict <a href=\"https:\/\/sellercentral.amazon.com\/gp\/help\/external\/1801?language=en-US&amp;ref=mpbc_200267770_cont_1801\" target=\"_blank\" rel=\"noopener noreferrer\">selling policies as well as a seller code of conduct<\/a> to ensure that the marketplace remains honest and free of fraudulent activity. And they are serious about enforcing the rules. That means you never want to be at risk of suspension, so learn the rules inside and out and be sure you don\u2019t conduct any of these <a href=\"https:\/\/sellercentral.amazon.com\/gp\/help\/external\/200386250?language=en-US&amp;ref=mpbc_200414320_cont_200386250\" target=\"_blank\" rel=\"noopener noreferrer\">prohibited seller activities<\/a>.<\/p>\n<p>While knowing and sticking to the rules is key, you may want to give yourself an extra layer of protection by selling on another online marketplace. That way, if you do get suspended from Amazon (or if your account is put on temporary hold), you\u2019ll have other income to fall back on.<\/p>\n<h2>2. Sell the Right Product(s)<\/h2>\n<p>This one\u2019s a no-brainer: stick to listing products that are actually in demand and have a <a href=\"http:\/\/www.repricerexpress.com\/amazon-best-sellers-rank\/\">strong selling history on Amazon<\/a>. The last thing you want to do is invest a large amount of money in items that will sit on your shelves collecting dust.<\/p>\n<p>There are a few ways to ensure you\u2019re making wise inventory investments, so as you\u2019re looking to expand your storefront, consider one (or all) of these tips:<\/p>\n<ul>\n<li><b>Amazon scanner app: <\/b>If you see an item that seems promising, scan its barcode to get a sense for its selling and price history on Amazon. The results will give you a good idea of its potential (and could also help you calculate expected margins).<\/li>\n<li><b>Third-party product research tools: <\/b>Consult a third-party product research tool to see what\u2019s most popular, how you should market\/list (i.e. what keywords to use), plus how to price (more on that in #3 below).<\/li>\n<li><b>Supplier insight: <\/b>More often than not, your suppliers work with other Amazon sellers, so they may have some \u201cinsider info\u201d on what works and what doesn\u2019t. Don\u2019t be afraid to ask!<\/li>\n<\/ul>\n<p>After you\u2019ve narrowed down a list of potential new items, be sure to check on the competition. If too many other sellers already list the item, it will be more difficult for you to <a href=\"http:\/\/www.repricerexpress.com\/win-amazon-buy-box\/\">win and keep the Buy Box<\/a>.<\/p>\n<p><strong>Related:<\/strong>\u00a0<a href=\"http:\/\/www.repricerexpress.com\/amazon-product-research-tactics\/\">7 Amazon Product Research Tactics You Need in 2020<\/a><\/p>\n<h2>3. Set the Right Price<\/h2>\n<p>To lock in your success as a full-time Amazon seller, you need a <a href=\"http:\/\/www.repricerexpress.com\/pricing-strategies-for-amazon\/\">solid pricing strategy<\/a> \u2014 one that helps you win the Buy Box and <a href=\"http:\/\/www.repricerexpress.com\/amazon-profit-margins\/\">maximize your margins<\/a>. Otherwise, you could lose sales and be stuck with stale inventory (if priced too high) or sell out faster than you can restock (if priced too low).<\/p>\n<p>Crunching numbers and testing prices is one way to determine the right price. Or, you could save a ton of time by using <a href=\"http:\/\/www.repricerexpress.com\/\">RepricerExpress<\/a>, which offers a full suite of repricing tools so you can confidently adjust your pricing and grow your business with minimal effort.<\/p>\n<p><strong>In fact, RepricerExpress users have seen 86% higher sales, a 36% increase in gross sales, a 37% increase in Buy Box share, plus 23 hours saved each week \u2014 that means you\u2019ll get a full day back each week that you can devote to other growth strategies.<\/strong><\/p>\n<h2>4. Master Inventory Management<\/h2>\n<p>Whether you\u2019re a part- or full-time Amazon seller, the last thing you want to experience is an Amazon stockout. But if it happens when you\u2019re selling full-time, you could have serious problems, including lost sales and even account suspension.<\/p>\n<p>To prevent this from happening and make sure you always have a steady stream of income, you need to understand how much inventory, at a minimum, to have on hand at a given time, plus how much and when to reorder. Because sales often fluctuate based on seasonality and major shopping events like Prime Day and the Q4 holiday season, you\u2019ll want to also consider the changes to your sales velocity over the course of a year.<\/p>\n<p>Sounds like a lot to keep straight, right? Luckily there are inventory reports in Seller Central as well as third-party <a href=\"http:\/\/www.repricerexpress.com\/amazon-inventory-management-tools\/\">inventory management tools<\/a> that calculate all this information for you. Once you\u2019ve got it figured out, share the information with your suppliers \u2014 not only will they appreciate a heads up on when and how much you\u2019re likely to reorder, but it\u2019ll save you time in the long run and you\u2019ll always have the optimal amount of stock on your shelves. An added bonus? You\u2019ll also never order too much or have all your cash tied up in stale inventory.<\/p>\n<h2>5. Generate Positive Customer Feedback<\/h2>\n<p>Your existing customers are your best advocates \u2014 after all, your seller and product ratings could make or break a buyer\u2019s decision to shop with you. The more positive reviews you have, the more likely you are to get more business and thus, make more revenue.<\/p>\n<p>To generate <a href=\"http:\/\/www.repricerexpress.com\/get-amazon-reviews\/\">positive reviews<\/a>, you first need to provide a stellar shopping experience that mirrors what Amazon itself offers its customers (such as competitive pricing and fast shipping). Additionally, your listings should accurately portray the products you are selling (the last thing a customer wants is something that doesn\u2019t meet their expectations) and be in new\/high-quality condition (unless otherwise noted).<\/p>\n<p>From there, you need to ask your customers for their feedback, but you don\u2019t have to manually check-in with each one after they\u2019ve received their shipments.<\/p>\n<h2>6. Get Paid Daily<\/h2>\n<p>You need cash to <a href=\"http:\/\/www.repricerexpress.com\/how-to-sell-on-amazon\/\">sell on Amazon<\/a> \u2014 whether it\u2019s to buy inventory, expand your product line, fund purchase orders, invest in growth tools, hire additional help, etc. But waiting two weeks for payment makes all of that much more difficult. Not to mention, it results in cash flow gaps, inconsistent sales and staggered growth \u2014 none of which you need if you\u2019re going to start selling full-time.<\/p>\n<p>With <a href=\"http:\/\/go.payability.com\/RepricerExpress\" target=\"_blank\" rel=\"noopener noreferrer\">Payability<\/a> \u2014 a financing company for high-growth Amazon sellers like you \u2014 you can get paid daily, turn more inventory more quickly, and achieve consistent if not rapid growth. As a customer, you\u2019ll get your Amazon income one business day after making a sale, allowing you to really turn that side hustle into a growing full-time gig.<\/p>\n<p style=\"text-align: center;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-11085\" src=\"https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial.png\" alt=\"Amazon repricing software free trial\" width=\"1280\" height=\"550\" srcset=\"https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial.png 1280w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-300x129.png 300w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-1024x440.png 1024w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-768x330.png 768w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-200x86.png 200w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-400x172.png 400w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-600x258.png 600w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-800x344.png 800w, https:\/\/www.repricerexpress.com\/wp-content\/uploads\/2017\/10\/amazon-repricer-free-14-day-trial-1200x516.png 1200w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guest post by Victoria Sullivan from Payability Have you been having a successful run with your part-time Amazon business? If you\u2019ve been earning high margins and experiencing steady growth, you might be ready to go full-time. Of course, that would mean giving up a more reliable source of income for one that can be risky, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11667,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7,8,9],"tags":[],"class_list":["post-11948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-amazon","category-fba","category-news","category-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Turn Your Amazon Hustle into a Full-Time Job (6 Steps)<\/title>\n<meta name=\"description\" content=\"Check out this expert guide to help you turn your Amazon side hustle into a full-time gig. Follow these seven steps and grow your FBA business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.repricerexpress.com\/turn-amazon-side-hustle-full-time-gig\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Turn Your Amazon Hustle into a Full-Time Job (6 Steps)\" \/>\n<meta property=\"og:description\" content=\"Check out this expert guide to help you turn your Amazon side hustle into a full-time gig. 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