Making Money on Amazon Marketplace

Making Money on Amazon Marketplace

Whether you have bills to pay or just have some extra junk laying around that you’d like to get cash for, Amazon Marketplace may be worth checking out. You can create a seller account for no charge and start setting up items for sale right way. It’s cheaper than eBay, is more likely to sell than Craigslist and will definitely get you more bang for your buck than a pawnshop would.

Why Amazon?

You Can Buy Just About Anything On Amazon
You Can Buy Just About Anything On Amazon
Amazon is one of the world’s largest online retailers, selling everything from books to toilet paper to actual groceries that can be delivered to your door. Unlike eBay you don’t have to pay a dime if your listed item doesn’t sell, and your item will stay up there in the market place until it does. Fees are only taken after the sale is made. The images and descriptions are provided by Amazon; all you have to do is list that you have the item and in what condition. You’re also far less likely to get scammed on Amazon as Amazon has a much better customer and seller performance rating than other reselling sites.

Easy Listing

After verifying the condition of your item, browse Amazon for it. This is quicker and easier if you happen to have access to a bar code or UPC code since that will allow you to make sure you’re listing the exact right model. On the page to the right, beneath the link to view all the used & new buying options, you should see a button that reads “Sell yours here.” Clicking that will take you to the selling wizard, which is a breeze to use. Simply select the quality of your item (like new, very good, good, etc) and list any specific details. If your item comes with extras or doesn’t include certain things that it would brand new, this is the place to list it. If you see all the other sellers for this item are selling from Japan, you may want to list that your item ships from America so the buyer knows your item will arrive more quickly than everyone else’s. Set a price that’s competitive to everyone else’s, which Amazon makes easy by generating for you, and hit send. You’re done! Now you sit back and wait. Once the item sells, ship it off and Amazon will add the money to your balance.


But How Much Will I Make?

Electronics and books sell well on Amazon
Electronics & Books Are Very Popular On Amazon
It depends on what you’re selling, and in your sellers inventory Amazon will give you an estimate of how much in fees they plan to take out based on the item. Generally the way the formula works out is you have the sale price of the item plus the credited amount for whatever shipping option was chosen. From that you less Amazon’s commission, which is between 6% and 25% of your sale price. There’s a variable closing fee (which is also estimated in your Amazon inventory), and then you have your total remaining. So how much you make really is determined by what you’re selling and when. Electronics and books sell well on Amazon, for example, as do dolls and games around October when people start doing their holiday shopping. You really get the best profit off of books here than even trading in at your local book store. Assuming you sell the book for .01 and then have a $3.99 shipping fee, that’s $4 total and close to $2 after fees per paperback book, which is one fourth or more what you probably paid for the book in the first place!

Layoffs: How to Break It to Them Gently

Layoffs: How to Break It to Them Gently

Layoffs are stressful for everyone involved. However, how you lay someone off can be the difference between calm and chaos. No one wants to get laid off, but how you deliver the bad news can at least make a person feel like they were appreciated and worthy while they worked for you. Learning what to say and how to say it, can make laying someone less painful for everyone involved.

Always Make It One On One Conversation

Always Make It A One On One Conversation
Always Make It A One On One Conversation
The absolute worst thing you can do when laying off an employee is by gathering a bunch of people in a group, and then telling them that they no longer have a job. Doing so well show those former employees that you never cared about them at all, and that they were nothing more to you than a body performing an assigned duty. When you lay someone off in a group, it shows that your company has no sincerity, no tact, and no value for its employees. Word of mouth of how your company laid off its employees without showing a bit of compassion, and soon business will begin to slow. Society generally does not care for companies who treat their employees (and their customers) like second-class citizens.

Sometimes layoffs are unavoidable. When this is the case, it is always best practice to speak to each employee one by one. Even if this means that you have to be away from your desk for several hours, so be it. If you cannot afford to be away from your desk for too long, enlist the assistance of other managers or people of authority who have been properly trained to deal with laying someone off. Do not waste too much time before explaining to them why you’re speaking to them. The longer you beat around the bush, the more anxious they will become. Choose your words carefully, and prepare yourself for several different reactions.

Give Them a Detailed Explanation for Why They’re Getting Laid Off

Give Them an ExplanationWhen you have to lay someone off, give him or her a detailed explanation for why they’re being laid off. Don’t simply tell them something like, “You’re job has been cancelled due to budget cuts.” It makes them feel like they weren’t as valuable as other employees. Instead, explain to them what the reasoning was for laying them off. You should also make sure that you ensure them how well of a worker they were, and that they layoff of is not a measure of how well they performed their job. If other people have been laid off, it is worth mentioning. You do not have to tell who the other people are, but it will make your former employee feel better knowing that they weren’t the only person to get laid off.

After you have explained why they are being laid off, and why you believe that they are still a great worker, you should notify them that you are keeping their application on file in case positions open up again. Some people may appreciate this others may never want to work for you again. Be patient and understanding. Be prepared for lots of questions. Let candidates know that you can’t share information about other employees (former or otherwise) if they ask. You may also want to consider having a box of tissues with you, as well as a cell phone in case you need to call security. Even if you believe that your company may never have to lay anyone off, it’s always best to prepare yourself for the worse.