How to get flooded with an Amazon river of riches.
Amid rising inflation concerns worldwide, one enterprising social media influencer has devised an ingenious way to earn up to $10,000 per month — by selling rebranded items on Amazon. Videos detailing her side hustle are currently netting thousands of views on TikTok.
“It’s so much more simple and achievable than you realize,” TikToker @BizWithJacky explained in a video. Her hack allegedly allowed to her to quit her 9-to-5 job and become a full-time entrepreneur at 23 sans a college degree by only working a few hours a day, per other clips.
The online entrepreneur’s golden goose is a tool called Amazon FBA (Fulfillment by Amazon). This service allows business owners to ship their “products to Amazon fulfillment centers and when a customer makes a purchase” they “pick, pack and ship the order,” per the site.
“We can also provide customer service and process returns for those orders,” the e-commerce giant explains.
Using FBA, Jacky is able to buy cheap items on other sites, rebrand them and then sell them on Amazon for a much higher price, effectively earning thousands of dollars from home with minimal effort.
To harness this tool, per Jacky’s tutorial, simply go to “sell.amazon.com to become an Amazon seller.” After getting your e-bazaar bonafides, go to the website Helium10.com — a special software for Amazon FBA and Walmart sellers — where there’s a tool called Black Box that’s free to use.
She demonstrates how to “input criteria” and “use filters” to nail down a “viable winning product.” Jacky defines this as an item that’s simultaneously cheap enough to buy in bulk but also boasts enough value to be rebranded and resold for a pretty penny, generally $25 or more.
As an example, Jacky selects a glow-in-the-dark dog leash for $1.66 off the online marketplace Alibaba. “Buy 500 units to start with,” the freelance Amazon hawker suggested.
Next, return to Amazon and have the manufacturer rebrand the item with your own logo, thereby distinguishing the item from the original, per the tutorial. She sold the dog leash for $29, which nets a profit of around $28 per order, extrapolated out to $14,000 for the 500 leashes, epitomizing the mantra “buy low and sell high.”
Jacky says sellers can increase interest by uploading pictures of the item and also “building your listing with great keywords that best describe your product.”
“The best part about this is Amazon picks, packs and ships your product for you” so there’s minimal work upfront, according to the businesswoman.
Jacky declared in another video that spending just one hour a day to learn Amazon FBA can allow you to “quit your job in six months and make $10k per month just like I did.” In fact, Jacky says that she rakes in a staggering $30,000 to $50,000 per month by selling just five products on Amazon, per another clip.
As with all get-rich-quick schemes, there are a few caveats. The individual Amazon seller plan costs 99 cents per unit sold while the the professional plan runs users $39.99 every month, regardless of how many items they sell, per Amazon. Therefore, it probably only makes sense if people are selling 40 or more items per month.
Also, while Amazon does the legwork with regards to packaging and transport, additional selling, shipping and FBA fees may apply.
In addition, it takes about “four to five months” for people to launch their first product, according to Jacky. In a video, she added that prospective sellers also need a “blueprint” for a product with proven track record, “because if you don’t have this” the user will make a lot of “costly mistakes.”
Obstacles notwithstanding, finding a lucrative side-hustle has been essential for many in light of the current inflation crisis, which saw consumer prices jump by a wallet-sapping 8.2% year-over-year last month.
In another ingenious side-hustle, TikTokers have been raking in thousands of dollars by buying cheap vending machines and making them available to the public.
