Table of Contents
1. Introduction
2. The 10 Mile Strategy: A Beginner's Guide to Selling on Amazon
3. Why Wholesale Products?
4. Pros and Cons of Wholesale Products
5. How to Identify Wholesale Products on Amazon
6. The Three Essential Steps to Start Using the 10 Mile Strategy
- Step 1: Create a Limited Company
- Step 2: Open a Business Bank Account
- Step 3: Create an Amazon Seller Account
7. The Importance of Having a Website for Your Company
8. How to Approach Local Wholesalers and Open a Trade Account
9. Mistakes to Avoid and Tips for Success
- Avoiding Fragile and Oversized Products
- The Benefits of Using Socio for Amazon FBA Wholesale
- Product Analysis Criteria for Successful Selling
10. Test Shipment and Product Analysis
11. Conclusion
The 10 Mile Strategy: A Beginner's Guide to Selling on Amazon
In this article, we will explore a strategy called the 10 Mile Strategy, which is designed to help beginners start selling on Amazon using wholesale products. Selling on Amazon can be a lucrative venture, and with the right approach, even beginners can achieve success. So, let's dive into the details and learn how you can make your first thousand pounds in sales without spending any money on ads or creating your own product.
Why Wholesale Products?
Before we delve into the strategy, let's understand why wholesale products are a great choice for beginners. Wholesale products are branded items that you can buy from authorized wholesalers or distributors and resell on Amazon for a profit. Unlike private label products, you don't have to create your own listing or spend money on ads. Wholesale products offer a more sustainable and scalable business model compared to retail arbitrage, as you can buy a large amount of stock and keep reselling it on Amazon.
Pros and Cons of Wholesale Products
Like any business model, wholesale products have their pros and cons. Let's take a closer look at them:
Pros:
- Access to branded products from authorized wholesalers or distributors.
- Ability to leverage existing listings on Amazon, saving time and money on creating your own.
- Potential for building relationships with wholesalers and negotiating better prices.
- Scalability and sustainability due to the ability to buy in bulk.
Cons:
- Limited control
