Can you make money on Amazon without a source of goods? How to do it without a source of goods on Amazon?

Now more and more people are starting to do no-source business. The reason is very simple. No-source business does not require stockpiling of goods and does not require too much cost. There is no pressure on people who open stores. So, can you make money by doing no-source business on Amazon? Next, we will explain this aspect to you.

Simply put, Amazon's no-source model collects product information from domestic e-commerce platforms, and uploads it to Amazon stores for sale after screening, translation, and modification. When a foreign customer places an order, we purchase the product from the corresponding domestic platform and then send it to the foreign customer by self-delivery.

The only profit of domestic no-source model is the price difference, while the main profit of Amazon no-source model is the exchange rate difference. For example, if a product in China costs 20 RMB, we upload it to Amazon Europe and it basically starts at 20 Euros, which is about 150 RMB when converted into RMB.

After deducting the purchase cost, logistics cost, and Amazon sales commission, the profit is the profit. The comprehensive profit margin of the store is 40%-70%, and the monthly profit of a single store after stabilization is about 20,000 RMB. Therefore, the overall profit margin is still very considerable.

How to do Amazon without source?

1. Be cautious when collecting and following sales

First of all, when we are selecting products, we should not blindly follow others in selling. We should not blindly follow others in selling just because we see that other stores have good sales. Because if we blindly follow others in selling, first of all, it is very likely that our products will be buried by others. Our store may not have sales, because other stores have already sold the product before you, and they have already gained popularity, so your product can only be buried. At the same time, this is also a better situation.

Secondly, if other stores find that your products are being copied and report them to the platform, you will face the closure of your store. Here, everyone should pay attention to being careful and serious in the process of collecting products to prevent the products from being the same as those from other stores. Also, you cannot collect products from well-known platforms to avoid infringement. The Amazon platform has zero tolerance for infringement and the penalties are very severe.

2. Analyze the data

Whether a store can develop for a long time can be reflected in our groups of data. Whether there are any problems with the store or the products, we can find the answers from the data. We can see the store's profitability and the market competition pattern through the data. If you can conduct a detailed analysis and interpretation of the data, it will help us see the shortcomings of our own store and help us better manage data.

Finally, Amazon merchants must abide by the platform rules. Although it is relatively simple to sell without a source of goods, if you violate the rules, your store will definitely be affected. As long as merchants operate with integrity and learn more about other people's operating skills, then selling without a source of goods is still a promising business!