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“What can I invest my money in to make decent returns?” “Which business idea can I start with little capital?” People usually ask me these questions, whenever I’m discussing how to make more money. You can genuinely see their hunger and desire for wealth. Income generation is undoubtedly everyone’s goal and aspiration.
Multiple approaches and strategies exist to generate income. This is clearly not some one size fits all solution. Today I’ll revisit one of the most popular ways to earn income, albeit with some further insights.
Buying and selling is an extremely common means to build wealth. Mankind has bought and sold right from time. And that’s definitely not going to change. Furthermore, we can’t produce all that we consume. We need to make purchases and also sell to others.
Buying and selling is undoubtedly a simple business model. Yet it’s very effective! Especially when you buy what people need or want, at a reduced price. It entails connecting with your market of potential customers, promoting your offerings and getting them to patronize you.
The goal is to sell at a price point higher than the purchase price + costs, thus making profit. The advent of online retailing, e-payment and vastly improved courier services has made it easier to buy and sell. My approach is that you source products online. Subsequently you can proceed to sell them both online and offline at a profit.
The question is – where can one source quality products online? Which portal clearly provides secure and top quality services to enhance your buying and selling efforts from start to finish? The answer is Amazon.com.
Founded by Jeff Bezos in 1994, Amazon is one of the largest internet retailers worldwide. Bezos, whose net worth is over $98 billion is currently the richest man in the world. The company had a whopping 598 million products for sale as November 2017!
Top categories with the most products include clothing, shoes and jewellery, home & kitchen, and books. The company has consistently increased sales turnover every year since 2004. From a modest $ 7 billion in 2004 Amazon recorded sales of $136 billion in 2016! It expects to surpass these figures in 2017!
Amazon truly has the pedigree to launch your buying and selling business. Many people have actually made serious wealth on the portal. With so many products listed it could be challenging choosing which ones to promote. Here are 20 products you can buy and sell to boost your income. You can click on the product image or highlighted links to find out how to order:
1. Alpine Swiss Leather Wallet
Wallets are a must have item in order to facilitate the movement of cash and plastic cards. It’s a sensible product that enables one store valuables that are required to be carried around. The Alpine Swiss men’s leather wallet is a genuine leather product, that comes in 8 colours. It has 12 card slots, a flip out ID window and a fully lined single bill section. The product also comes in a beautiful gift box and costs $12.
2. Bracoo Waist Trimmer
Weight loss is currently the rage right now and the trend is set to continue. The Bracoo waist trimmer, currently sells at $7.19 on amazon.com. It helps to burn more calories in the mid section by insulating and raising the temperature of the abdominal core. This increases the heart rate, which in turn results in more calories burned.
3. Tile Mate Key Finder/Anything Finder
We’ve all definitely lost little things like keys at one time or the other. Tile Mate easily loops onto keychains or attaches to anything you don’t want to lose so you can find it fast. You can use your smartphone to make your Tile Mate ring when it’s nearby but out of sight. It even helps you see where you had your lost item last. The easy-to-use, free Tile app remembers the last time and place it saw your Tile. So if you left it somewhere, you’ll always know where to look. The Tile Mate costs $20 per unit, or $50 for a pack of 4 units
4. Homasy Wireless Doorbell Kit
This door bell can operate within a 600 feet radius wirelessly. It’s also weatherproof with 52 different chimes 4 levels of adjustable volume, spanning 25 – 110 decibels. The receiver is easy to install, while the door bell retails for around $12.50.
5. BMAKA Lingerie & Sleepwear
Women nowadays persist in taking their good dress sense into the bedroom. Thus lingerie and other forms of nightwear are the norm. This product, made of cotton is soft and friendly to the skin and comes in black or blue colours. Lingerie and underwear are in high demand.
Move over Nike, Puma, Adidas and Skechers! Introducing Fanic Sports Shoes! Now for prices lower than $20! Nearly everyone’s shoe collection is incomplete without sports shoes. People usually associate these items with premium prices, but not any more. With athleticism and fitness becoming the norm the demand for affordable sports shoes is on the rise.
7. Fire & Fury: Inside the Trump White House Book
Lots of information and insights regarding many topics can be gotten from a good book. The book, Fire & Fury: Inside the Trump White House is perhaps the hottest book right now. It’s scheduled to be released this January 2018. And it’s already being sold on Amazon. You can get this and other books on topics that interest your customers and set up a book retailing business with ease.
8. Stanley Homeowners Tool kit
The Stanley Homeowners Tool kit is essentially a collection of 65 items that come in handy for repairs in homes and offices. Contents include ratchets, sockets, hammer, pliers and other handy tools all at an affordable price.
9. Men’s Quartz Watch
This watch comes set in a typical classic design with roman numerals and a Japanese quartz design. Beautifully crafted, it’s definitely hard to believe that it costs an affordable $15. Furthermore it’s also waterproof. The classic men’s quartz watch will definitely be appreciated by watch afficionados everywhere.
10. Lego Style Puzzle Mugs
The Lego style puzzle mugs are sure to get tongues wagging while you drink your favourite beverage.Clearly a perfect gift for adults and children alike, now you can incorporate some fun building blocks while enjoying a drink.
11. Gogroove Bluetooth Digital Alarm Clock Speaker
This handy gadget, made in a wood finish enables one to connect wirelessly via bluetooth. There also a 3.5mm AUX input cable to connect non-bluetooth devices for convenient music playback, conference calls, and more. Most importantly the Gogroove Blutooth Speaker comes with a 3-year warranty and doubles as a clock.
12. Hasbro Connect 4 Game
With over 2,000 positive reviews and 4.5 star rating, the Hasbro Connect 4 game is a hit with kids everywhere. The objective basically is to line 4 discs of the same color in a row on the grid to win. Kids are sure to have fun and learn at the same time playing this game. Check out a customer review on this product.
13. Crocs Unisex Classic Clogs
Crocs Classic Clogs are without a doubt, some of the most unique footwear around. With over 300 million pairs sold in 90 countries this brand definitely rocks. Comfort fused with style and quality for the feet. This is definitely a product in high demand.
14. Wrangler Men’s Authentic Jeans
For nearly 70 years, Wrangler® has staked its claim as a global leader in jeanswear, casual apparel and fashion-forward western inspired attire. The Wrangler Men’s Authentic Jeans range continues to be in high demand for its quality. In addition the fact that jeans can be worn in different ways and for different occasions surely helps. The prices are also quite attractive, under $25 for a new pair. You can check out Wrangler’s Amazon page for the full range.
15. Zumba 101 Workout DVD
The fitness-dance craze is currently taking the world of fitness by storm. And the Zumba workout’s the perfect means by which you can burn calories and have fun at the same time. Fitness products such as the Zumba 101 Workout DVD provides a dance based approach.
16. Lookatool Women’s High Waist Fitness Yoga Sport Pants
Today’s woman must maintain her sense of style, whether it’s at home or in the gym. With Lookatool yoga sports pants her image is reinforced. They’re super comfortable and super stylish. In addition these pants signify the latest fashion trends, which most women have come to represent. This product is a must have in the wardrobe of today’s woman. It currently retails for around $10.
17. Manchester United Crest Key ring
Manchester United is one of the biggest clubs in the world, with loads of passionate supporters. This Crest key ring is licensed by MUFC, and is sure to catch the eye of ardent fans everywhere. Amazon reputedly has loads of licensed sports mementos and memorabilia for most of the world’s top clubs.
18. Feskin Unisex Professional Laptop Backpack
Now there are laptop bags and there are laptop bags. The Feskin Unisex Laptop backpack is exceptionally unique in this regard. It comes with a unique design, 7 pockets, and can hold a laptop, cell phone, umbrella and water bottle. It’s the perfect gift for travel, school and outdoor activities.
19. Bulliant Men’s Leather Belt
Good leather belts are probably one of the most imitated products today. There are usually lots of counterfeit products out there. Made of strap genuine leather, Bulliant belts are durable, exact fitting and easy to use. Finally they’re quite affordable, ranging from $14 – $20. All belts come in a gift box, thereby making it an excellent gift idea.
20. Retro Optix 80s Sunglasses
Check out Retro Optix Vintage Sunglasses range, which makes glasses similar to Rayban’s, but much cheaper. The good news is that this design never really went out fashion. Many people, especially those who grew up in the eighties still desire to have it.
My final two cents on boosting your income using Amazon
Kindly consider the following additional points when considering this income opportunity:
- Research on how to use and get the best out of Amazon. Make sure to read product reviews before deciding which products to buy and sell;
- Hundreds of millions of quality products are sold daily on amazon.com. Feel free to look beyond the ones listed here;
- Don’t forget to come up with a market projection and to test the market before importing products;
- The prices listed do not include freight and duty for importing these items. Seek to also get this information before you decide to invest your money.
In conclusion it’s vitally key to start small and build the business up. Wealth building is a marathon, and not a sprint. A business that will generate wealth and riches eventually must be nurtured. Please do not hesitate to reach out to me should you require support. Best of luck as you try your hands on buying and selling in your quest to build wealth!