Episode 187: Your Amazon Business, Part 2

Ready to earn money selling on Amazon.com? Let Skip McGrath show you how with "The Complete Amazon Marketing System" Get yours here.

On Today’s Show

Skip McGrath gets into more detail about how to set up an Amazon selling business by thinking of an appropriate business name, getting a sales tax number, and opening a business bank account. Skip also shares some of his experience and knowledge about getting started selling on Amazon with $500 or less.

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1 Simple Thing Action:

Set up and organizing your business by deciding on a business name, getting your sales tax number and opening a business bank account.

Mentioned In Episode:

Categories Skip does well at:
Kitchen Tools and Utensils
Home and Garden
Sporting Goods
Jewelry
Groceries and Gourmet Foods

SKU:
Stands for Stock Keeping Unit. It’s a number you give your product to identify it with.

Categories and Tips if you do not have a lot of startup capital:
Used Books. There are books you can buy for only .50 cents that you sell for 10 dollars or more.
Retail Arbitrage. Look at the clearance section at Wal-Mart or Target and see what an item is being sold for on Amazon. Sometimes you can find items on clearance for $3.00 that’s being sold on Amazon for $16.95.

Private Labeling:
Where you import an item and put your own private label on it. That makes you the exclusive seller of that item.

Guest:

Skip Mcgrath
www.skipmcgrath.com

  • eBay and Amazon Trainer
  • Author
  • Online Seller, Selling online since 1999

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This Article Was Written By

Manuel Serrano

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