Amazon is a go-to place for a majority of online shoppers. For sellers, it is an excellent opportunity to gain new customers and expand into new territories efficiently.
If you are a new seller, there are two key selling models on Amazon. 1 — Arbitrage – you buy the product in deals locally or online and sell it via Amazon FBA at a higher price; 2 — Private label, create a new product brand with the product already selling well. The same way Aldi and Lidl do in their stores. In this podcast, Ann Sieg, the founder and CEO of the E-Commerce Business School, talks about how to create and automate e-commerce business.