Step-by-step process of selling on Amazon For Beginners 2024 1. Understand the Opportunity Amazon is Huge : Amazon is a platform where millions of people shop every day. It’s a great place to sell because the company handles a lot of the work for you, like shipping. Amazon FBA : Fulfillment by Amazon (FBA) means that Amazon stores, packs, and ships your products. This helps you save time and energy. Big Money Potential : A lot of sellers make six figures or more, and online shopping is growing, so there’s a huge opportunity here. 2. Ways to Sell on Amazon There are four main methods to sell products on Amazon: Retail Arbitrage : Buy products at a discount (like from Walmart) and sell them for a higher price on Amazon. Wholesale : Buy products in bulk at wholesale prices and sell them on Amazon at a markup. Private Label : Buy products, put your own brand on them, and sell them under your label. Passion Product : Create a unique product you’re passionate about, make it bette...
Check This Out! Our latest YouTube playlists are up , packed with key insights! Plus, I've added text summaries to the blog for quick reading. Please like, subscribe, and share – your support helps us do more great things. Thanks for being with us! 1. Importance of Highs and Lows Significance : Noting the highs and lows of the last three trading days is crucial as they serve as liquidity pools. Liquidity Reference : Even if stops are hit, the algorithm will refer back to these levels as significant points. Institutional Interest : Large institutional traders often have buying and selling interests around these levels, making them dynamic. Application : Traders can use these levels for identifying potential entries or exits, especially when targeting liquidity pools. 2. Algorithm and Past Levels Use of Highs and Lows : The algorithm uses past highs and lows as reference points, even after stops have been hit. Relevance : The market doesn’t stop considering these level...