There are a lot of different approaches to making money with Amazon, and our choice was to sell private label products via FBA (Fulfillment by Amazon).
One of the nice perks of selling private label products is that if you’re successful you won’t need to keep looking for products — you just need to make sure you have inventory of your products that really sell.
With a private label product, manufacturers use one of their own stock products and slap your brand name on. But creating a private label brand isn’t the only option if you want to sell your own product.
Another option is to design and create your own custom product by having a manufacturer produce an item according to your specs. Many of the manufacturers you’ll find on Alibaba are ready and able to do this.
Retail arbitrage involves buying a product and then reselling it for a profit. With this approach, you won’t be creating a brand or your own products. You’ll be buying and selling products from a variety of different brands.
Another option is to buy products from wholesale distributors and sell them on Amazon. This approach is somewhat of a cross between private label and retail arbitrage.
Another option is to sell used items. While Amazon does have a popular trade-in program, that’s more for earning free Amazon gift cards and not a legitimate business. To start a real business, one of the most common approaches is to sell used books.