So, have you decided to start selling on Amazon using FBA? Excellent!! However, due to the different emails that I have been receiving, one of the most frequently asked questions is: "How can I start if I have no budget?"
And of course, it is a very good question. No budget to buy the minimum from Alibaba because the truth is that the road becomes much more difficult if not impossible.
This article is more aimed at those who have
2019 amazon fba business guide in their countries, but the truth applies to any other country. It's a matter of researching a little and realizing that opportunities are where you least expect them.
1. Resell Amazon Products with Discount
Have you noticed that when you go to the supermarket or a large store they have a section dedicated to discounts? Well, this is a gold mine to start selling by Amazon. The idea is to re-sell those products that you have found at discounted prices but at a normal sale price. You have to take into account the fees Amazon charges you, but it won't be very difficult.
2. Save on Travel
Are you a travel lover? Because we are two. One of the ideas of why I started this Amazon is just being able to live anywhere and travel 300 of the 365 days of the year. But of course, when you don't have the budget to start, you must cut all those trips.
I don't tell you not to go on vacation, if you don't do it, you will go crazy! But maybe you should already be thinking about going out near your city. Camping is a good option! Or go to the house of a friend or relative. The idea is that you save everything you can on air tickets and other expenses.
3. Moving to a cheaper city
This is a slightly more complicated plan than the previous ones. Going to live in a city where expenses are lower is always favourable, but of course, you have to weigh other factors such as work and family. You may not be able to move out of town since you have a stable job, but perhaps you can leave the center and move to neighbourhoods that are not so expensive. Use that time you will have on the train or bus and go reading the blog or researching everything you can so that when you get home you can put it into practice.
4. Drop-Shipping Sales Model
Years ago a new business model was in fashion that is still used today called "Drop-Shipping". The idea is that you have your e-commerce and that you sell products but which you don't have in stock. That is, the manufacturer or your supplier will be in charge of making the shipment directly to your customer. The margins are much lower, but if you manage to do this constantly, you can save that money you need to start the Amazon business.
5. Overtime at Work
Many jobs pay overtime and pay them quite well. Let your boss know that you are willing to work a little more than normal for that much needed extra money. Usually, in many countries, the extra hour is paid at 1.5 times normal. With a couple of these hours a week you will have a small saving to start.
6. Get a Second Job
It is not always the best idea. But you can indeed get much more money and faster, also it has many disadvantages. You should be further from your family and friends for not having such compatible schedules, and you will be more tired.
Another disadvantage is that you will not be able to devote so much time to your Amazon business (research products, contact suppliers, etc.).You can see it as a short-term plan and it would not be my first choice, but if you have energy, then do not hesitate.
