Do you feel like you are struggling in your online business? You are making some money but not enough to pay all of your bills, live comfortably or replace your income. In order to be successful in online marketing, you have to be consistent and have multiple ways for people to buy from you. You need multiple products or affiliate offers. If you have a full-time job, this can be challenging depending on the type of job you have. For me, there are times when I have time to work on my business in the evenings and weekends. Then there are times where I am working 10-12 hours during the week and also working on the weekends. Unfortunately, the latter is more of my norm right now.
You find yourself in a “Catch-22” position You are developing your online business to replace your income so you can leave your job. Your job is taking up all of your time so you cannot work on your business. This is very frustrating and can cause you to become very discouraged, overwhelmed and want to give up. You have to keep your eyes on the prize and remember “your why”. Why did you want to have an online marketing business in the first place?
One thing that I started in mid-November was Fulfillment By Amazon (Amazon FBA). I started in the middle of 4th quarter which is the most profitable time to sell on Amazon. I started with Retail Arbitrage where I would go to stores and find products that I would sell for a profit. I focused on toys and did very well. Now that the holiday has ended, I have diversified into other categories.
I have made some mistakes along the way, but I did not give up. I have started buying more things online. Buying online required a little different criteria than picking up inventory in a store. You have to ensure that you have enough profit just in case the price drops or rank increases before you can ship to Amazon.
I would strongly encourage you to add this stream of income to your online business especially if your business is currently part-time. For me, this has been a way to jump start my online income. Amazon is something that is familiar to the masses. Millions of people buy merchandise from Amazon. Amazon is the biggest e commerce site so your target market is massive.
One of the courses that I recommend to learn all about Amazon FBA is Proven Amazon Course by Jim Cockrum. This course covers all aspects of Amazon FBA including retail arbitrage, wholesaling, sourcing online, as well as sourcing from China. Proven Amazon Course will also cover private label before the end of March 2015. I strongly encourage you to take advantage of Proven Amazon Course while it is on sale and before the price increases.