Showing posts with label make money on Amazon. Show all posts
Showing posts with label make money on Amazon. Show all posts

Wednesday, October 5, 2011

Invent Your Own Product to Sell Online



Today’s post is contributed by Beth Sprague Maus, a regular contributor of my Facebook Group. Beth and a partner have recently developed a board game which they have successfully marketed and sell both locally and on Amazon. Here is Beth’s story:

“Necessity is the mother of invention.” Three years ago my husband and I both lost our jobs. We then spent 2.5 years unemployed or underemployed. Last year, as we were praying about how to increase our income, my husband got an idea for a monopoly type game based on our favorite vacation place, the Mackinac area of Michigan. It is a great tourist destination with hundreds of thousands of people going there every year.

We wanted it to incorporate all the wonderful things about that area. Discouraging thoughts came to us immediately: “Surely someone else has produced this game”, “How would we, who have no idea how to manufacture anything, figure out what to do”… But that necessity – taking care of our 5 kids – spurred us on. We did our research and teamed up with a friend who had made the Toledo version through her company.

We then spent 6 months working hard putting all the pieces together. Every aspect of the game, from tokens to money to spaces on the board, all center around the Mackinac Straits area. The game was released on June 30, 2011. Several of the businesses sold out of their stock in just a couple months. Since these businesses are seasonal, we also personally sell the games on Amazon through our FBA (Fulfillment by Amazon) account so they are available year-round. The nice thing for us is that it will be residual income - the businesses will re-order each year and we will continue to sell through Amazon. I hope this encourages the ones who are reading to pursue their dreams with hard work and dedication. You can do it!

You can check out Beth’s game on Amazon here.

Related articles:

Become a Self-Builder

#1 Excuse for a Failed Business – “I Don’t Have Time”

Make Your Own Instructional DVD to Sell



Monday, September 5, 2011

Amazon Sellers Note - FBA Scout Update!



I received an email from Chris Green last week regarding a fantastic update to FBA Scout, a scouting program that gives information on products listed on Amazon. FBA Scout is the ultimate scouting tool for your Amazon FBA business (in my opinion, anyway). Since I began using it in June, I have been able to ramp up my Amazon business, add non-media products, and shop more efficiently for consumer products to sell on Amazon.



The new upgrade includes a column to the right called "Net Payout." Users are able to see the payout for a product sold through FBA based on the prices shown. This is great for us "math challenged" scouters. Here is a screen shot of what the upgrade looks like:







So let's say you found this Dunkin Donuts coffee on clearance at the grocery store for $8 a bag. After scanning it, you can quickly determine that your net payout on this item (best case scenario) is $20.74. If you paid $8 for it, your profit will be $12.74.



To see the net payout column, you can either turn your phone to landscape mode, or slide your finger across the screen to the left to view the additional column. To upgrade the net payout feature on your iPhone or iPad, go to the App Store on your phone and look for the upgrade. Upgrade for the Droid is coming soon!



If you aren't already using FBA Scout, click here for a special deal and get a free month to see how it works for you. Remember, there are other tools out there but you need to be the judge of what works best for you.



Resources for selling on Amazon's FBA Program:



eBay Coach Facebook Group - Chris is a member and can answer your FBA Scout questions directly on the group page.



Proven Amazon Course



FBA Recipe for Success