If you’re like many would-be side hustlers and entrepreneurs, you’ve at least considered Amazon as a possible way to monetize your product selling ideas. And Amazon is a great location to consider.
The main pros are:
- Selling products without the fulfillment hassles
- Having marketing largely taken care of (by Amazon’s worldwide draw)
- Not having to set up a website to get started (they’ve got you covered).
- Speed of implementation. You can check a market out quickly and see if your concept has legs.
Amazon initially started off as an online bookstore back in 1994 and is the largest marketplace on the World Wide Web today. Valued at $247.6 Billion, Amazon sells 3.5 Million products daily and hasover 300 Million active customer accounts, and counting.
Referring to the above statistics, you can imagine the amount of exposure that your products can gain if you chose to sell with Amazon.
When you sell your products on your own website, there are a number of offline and online marketing techniques that you use to bring traffic whereas with Amazon, potentially 184 Million unique monthly visitors can be targeted each month.
If you have a diverse range of products, you can sell in more categories by moving from an individual seller account to a professional seller account to sell your products in more categories.
Check out this infographic from Dpack to learn how selling your products on Amazon can benefit you.