Why is Audible the best way to sell products on Amazon right now?
You may have seen my post recently here in the News Feed about my intention to start an audiobooks business on Amazon Audible. if you are interested in learning more about this lucrative part-time or full-time business join me in my audiobooks group. https://markethive.com/group/originalaudiobooksgroup
I also am starting a project on Kickstarter to help jump-start the business. It will be starting soon, and I would appreciate any comments you might have on it. Here is the link. https://www.kickstarter.com/projects/jonlomb/a-practical-calogue-of-audiobooks
Why would I want to start an Audiobooks business on Amazon Audible after 5 years of perfecting the Amazon FBA business successfully selling physical products?
The reason is simply that the Amazon FBA business selling physical products is getting more and more competitive and less and less profitable every year.
The total number of physical products on amazon.com (no one but Amazon knows for sure the exact number), is estimated at 400 million. Actually, it is probably closer to 500 million. That is a ton of competition. Amazon FBA, (Fulfillment by Amazon) is getting tougher and tougher these days. I could write volumes about this based on my 5 years of experience, but I will not because I am preparing to leave this business behind.
How about Amazon Books, including e-books? This is actually where Amazon got started. There are over 40 million titles on Amazon for books and e-books. That is still a whole lot of competition. Again you have to be very savvy to be successful with books and e-books.
What about Audible? Amazon's foray into audiobooks is the newest of these 3 sales channels.. There are currently only 245,000 audiobook titles on Audible. That is a very small number, which means there is very little competition for audiobooks. Amazon is pushing hard to develop this niche, and sales are exploding right now. No one has a crystal ball to predict the future, but this business is likely to continue to grow well into the foreseeable future.
Again, here is the link on Kickstarter. I hope you can drop me a comment, and participate if you also would like to get out of the rat race. Thank you.
I wish you the best possible success in all your endeavors.
Here is the Kickstarter link again: https://www.kickstarter.com/projects/jonlomb/a-practical-calogue-of-audiobooks
John Lombaerde - Entrepreneur