TikTok is obsessed with this money-making hack, but how easy is it?
But is selling on Amazon as simple as it seems?
And that's not taking into consideration that selling and flipping are not exactly the same thing (flipping is a form of selling, but selling is not the same as flipping).
So, before you hop on TikTok and buy into the idea that, like Nate Hurst, you can buy your dream car by simply flipping stuff on Amazon, it's important to remember several things.
If you're looking to make a good (and steady) amount of money off Amazon, it takes patience. As Jungle Scout notes, just 20 percent of Amazon sellers in 2020 saw profits within the first three months and only 17 percent of sellers were profitable between three and six months. The good news? A majority (64 percent) of sellers saw some sort of profit by the end of their first year of selling.
Moreover, you should expect to spend at least several hours of your week managing inventory. Most respondents (59 percent) told Jungle Scout that they spend between 4 and 30 hours per week overseeing their sales, while 65 percent of new sellers said they spend at least 20 hours per week trying to get their business off the ground. A majority of all the respondents (68 percent) agree that selling on Amazon is not a get-rich-quick strategy for those who want to see immediate returns.
In The Know is now available on Apple News - follow us here!
Amazon shopper allegedly finds her photos being used on the site without her permission
faux saint laurent bagbrand bags for cheap
www.popninja.net |
|
|