3. Private Labeling

Private labeling is simply the addition of your brand’s logo or name to a product. It does not mean that you are creating a new product to be sold on Amazon. You’re researching which products are doing well on Amazon.

Once you have chosen a product to sell, you will need to find a manufacturer in your area or abroad that has the product. Establishing your order quantity when you work with a manufacturer is vital.

Most suppliers require minimum order quantities (MOQ) from customers. Depending on how many units are purchased, you may negotiate the price with your supplier. After you place your order with your supplier, you will ship your products to an Amazon fulfillment center.

These fulfillment centers are all over the United States and internationally. The centers can then pack and ship your product for you at a fixed price.

Private label selling requires little to no hands because you are doing most of the work on your computer. Once you have set up your Amazon listing, you can sell the product and start making sales.

Amazon automatically detects when customers have already placed an order for your product and ships it to them. The most amazing thing about private labeling products is that you can sell them at a higher rate while purchasing them at a discount.

Usually, profit margins are between 30% and 40%. I love private labeling because you can build your brand. Building a brand is like building an asset. Selling your brand can lead to a huge payday.