Make money private label

You get to create your own brand, indulge your creative side, and sell a product under your own brand. And you can do all this without having to develop and manufacture a product yourself! You just need to do some research, make a few smart decisions, and invest a little to get started. You list your product for sale — probably on Amazon — and then you make money. But where do you get the product name and label? You make it up, of course! You can find inspiration by scoping out the competition: make money private label the bestsellers in the product type you want to sell, note popular colors for products and logo shapes and other details. If not, you can hire a freelancer from Upwork or similar places to do it for you. I can hear you thinking — this sounds like it costs money, and I need to make money! The first step in making money with private labeling is to establish your budget. What make money private label the maximum you can spend on this venture? Setting up a budget at the beginning will keep you on task, and help you zero in on those items you can afford to market under your own private label. There are vendors out there right now that will supply you with fidget spinner toys for 20 to 50 cents a pop. You can start with a stock of units — more than enough — and commission a logo from a freelance artist to customize the toys or at least the packaging .

Reader Interactions

All while managing a full-time job and motherhood! While Megan is early in her journey selling private label products on Amazon, the longer-term possibilities for growth are boundless. Sign up now, then read on to see how Megan is rocking her first two years as an Amazon seller! Previous Side Hustle Showcases:. I work a busy day job and am entering the height of business travel season and have a young family at home. Back in , I started my private label business and a complimentary YouTube channel that documents each step and misstep that I take along the way. I had started a few things in the past but they really never went anywhere. It just all made sense to me and I jumped in. I also started a YouTube channel, The Bootstrap Boutique, around the same time just a little before I began private labeling because I knew that if I wanted a different outcome, I would need to do something different and get accountability. On a basic level, a private label is a product for sale under the name of a retailer instead of a manufacturer. So private label sellers find products they want to sell, contract with a manufacturer to create it, and then sell it under their own brand. Private label goods may be sold in a brick and mortar retail store, on an e-commerce store, or in my case, on the Amazon platform. I use a popular service called Fulfillment By Amazon, or Amazon FBA, where they store products at a fulfillment center, and when a customer buys my product on their website, they will pick, pack and ship on my behalf. I work on my private label brand and my YouTube channel about 15 hours a week, mostly on weeknights. I do have both a full-time job and a family, and sometimes I do put too much on myself to get everything done. I get up at 5 AM each morning for about an hour and a half of work before everyone else is moving. Then after my son goes to bed, I finish up anything from the morning and run my group coaching program.

How did you first hear about selling on Amazon?

Three years ago I quit my day job. I told myself that I was going to work from home and become an entrepreneur. Only problem was, back then, I had zero idea how to make money from home. Okay, I had one idea how to make money from home: retail and online arbitrage. In that first painful year, I learned a lot of ways on how to make money from home. First, I pivoted my arbitrage business into private label. From there, I raised capital and created startups.

Reader Interactions

Starting An Amazon Business 71 comments. Many of the people that we hear about who do Private Label get started by doing retail arbitrage which we teach in the Amazon Boot Camp , but Susan jumped right into Private Label and has done really well. Susan shows that it’s possible for a beginner seller to make money with Private Label…and in just three weeks! I first heard about selling on Amazon through the Smart Passive Income Podcast that you and your husband did with Pat Flynn, episode number I was really intrigued by the fact that you were able to turn selling on Amazon into a six-figure business working part time. But I will be honest, the business model didn’t appeal to me. So they take care of the storing, packing and shipping once the items sell. Having had a handbag business in the past, I certainly wasn’t looking to start another product based business. I had been there and done that already. Well, a little while after hearing your podcast, I stumbled upon a podcast by Chris Guthrie where he interviewed a man named Brian Leyde. Jessica: That is impressive! I have actually talked to Chris about his business model a few times and think he is really a great guy. Thanks for sharing that podcast episode. Yeah, I think I’ve listened to the podcast at least 4 or 5 times now. Chris Guthrie was so excited about Brian’s success he started selling his own private label product on Amazon as well and has been killing it! I first listened to that podcast with Chris and Brian in early October. By December 10th I had my own private label product listing live on Amazon. If something feels right, you just have to take action, and this Private Label model felt right to me. Jessica: For those reading who would like to hear more about Chris’ story, we recently recorded a webinar with him where he shares how he got started and how you can do the same. Since the manufacturer is already making these products, you don’t have to do any designing or inventing. You can pay someone to come up with a logo and label for you, then you are set to go! It’s pretty cool when you think about it. This business model is a bit different from what you do with your Amazon business. We aren’t branding these products. They are already brand name so we just use their credibility and the discount to provide a great margin.

HOW MUCH DOES IT COST TO PRIVATE LABEL PRODUCTS FOR SHOPIFY? CHEAPER THAN YOU THINK

How Do You Make Money With ​Private Labeling vs. Drop Shipping?

Finally, you can sell what is referred to as private label — monet made by other manufacturers but sold under your own brand. So, your first step is to study your market and determine what products would be best for you to white label. There will be lots of inspiration, but also high competition. From there you can drill down into Amazon sub-categories. There are lots of places privat can look for possible private label products. Discount online marketplaces like Alibaba and IndiaMart are both good options that offer access to millions of manufacturers across the world. You can even filter by minimum order requirements, materials, price and more to get an accurate feel for moneg and potential mark-up. You can also just use Google. These make money private label a wide array of white label products in all categories and price ranges. Make sure the products are up to your standards and compare the price quotes. Be careful to factor in shipping costs, as well as any import duties and other fees you might incur. Depending on the product, this might mean sticking on a simple label or it could mean full-scale package design, with instruction booklets, ingredients lists pivate more included. Amazon implements strict packaging requirements. The investment will lsbel than pay off in the long run. You can also use outsourced fulfillment centers or see if your private label supplier offers drop-shipping. Just make sure you consider the costs of everything — shipping, picking, packing, warehousing, and all logistics — before deciding on which route to. Remember, your shipping and fulfillment process will directly impact your ratings as an Amazon seller.