Amazon is a great platform that both sellers and buyers are always visiting. With the current situation where more people are staying at home, the platform has rolled out its Fulfillment by Amazon service (FBA) to cope with a lot of demands from the sellers. Read more about how to become an effective seller in this link here.
Most sellers and retailers ideally choose FBA as a platform because it brings more success to their business. The FBA is a program that lets Amazon store your products in their inventory. They fulfill your clients’ orders for you and even offer customer service. You have to create a seller account and set up your business in compliance with the guidelines to get started.
Once you have an account, you can start creating your product listings to integrate the data into the platform. Prepare and send the products that you are selling to the warehouse. When your customers order, Amazon will do the order fulfillment and provide your clients with tracking numbers.
As a seller, you have more time to focus on other areas of your business. Someone will take care of the inventory, packaging, and shipping orders. If you are excited about making more earnings, you might want to know more about the website and its other programs on guides like Amazing Selling Machine course, where you will be shown a variety of in-depth guides on how you can start. Any amount, time, and effort that you invest can result in six-figure earnings, even if you are just at home.
Starting your Business
- Creating a Plan
To start your business on the platform, you need to create a well-crafted plan. The plan will include your mission on what you want to accomplish, a market analysis of your competitors, services and products, sales and marketing, financial sheets, and more.
You need to learn many things, but the knowledge can come to you at the right time. What you need is to check your competitors first and the market trends to see which kinds of products are popular and in demand. Write the amount that you are willing to spend in terms of product marketing, sourcing, and promotions, and see if it will be profitable in the long run.
- Find the Niche that you Love
You need to find your passion and connect a profitable niche into it. Read more about profitable niches here: https://medium.com/@ladybossblogger/12-most-profitable-niches-for-making-money-online-a5e92d975478. When you do what you love, you will be most likely to persevere even if the going gets rough. Research the products that you love and find trendy services that are in line with your goals and passion.
If you decide to settle on a specific product, know its trends, practical consumer value, and emotional impact on customers. You also need to see if other people recognize the brand and check its current visibility. To make things into a fresher perspective, you can start creating a unique selling point that points out to your business. It’s not advised for you to consider fragile or seasonal products when you are doing e-commerce.
- Start to do Market Research
Once you have a niche, verify how the products are doing with the help of market research. Know your competitors and keep track of their sales for a specific period of time. You need to track other businesses to have an idea of how your products will fare. A realistic view of where things are going and the market segments will help you a lot.
You can try communicating with a lot of suppliers or customers to get a good idea of how they view a specific product. You would want to utilize a survey for this. If you confirm that the numbers and the sales are high, and there’s consistency in your chosen niche, prepare yourself for take-off. Launch your business and always be a step ahead in planning so you can move forward smoothly.
- Identify the Suppliers
Once you have an idea of the products that you want to list on your account, you need to get a list of possible suppliers that can provide them for you. Some of the information can be obtained from business to business platforms such as AliExpress or Alibaba. Contact them and check their backgrounds to make sure that they are legitimate.
You could also search on Google or join groups on Facebook so that you can get exclusive access to suppliers that are popular in your niche. Attend trade shows whenever possible and visit the suppliers’ area to know more about their operation. Send emails, talk to them over the phone, chat with them, or visit them to ensure that you are not dealing with scammers.
The price, quality, and the minimum quantity of orders are also important. You need to know the shipping charges, limits, and capacities to provide you with the product, so your business will run smoothly. Understand their payment terms and options and narrow down the ones that are convenient for you. Order samples ahead of time or get help from professional quality assurance inspectors to ensure that your products are in excellent condition.
- Choose your Amazon Account
To be a seller, you will choose between two available types of accounts. There are the individual and the pro seller. The individual one will cost you about $0/month, but you will get charged for $1 on every product that you sell on the platform.
The pro one may require a subscription fee of $39.99/month as of this writing, but this includes many features that can jumpstart your business. Choose the one that suits your kind of business and your current budget.
These are just the basics of selling on Amazon. There are many more that you can learn. Being the owner is a tough job, but it’s worth it in the end.
You can earn a lot and get to know many people in the process. If you get stuck with the sales, you can learn something that you can incorporate into your products to move. With the right attitude, knowledge, and guides, you can get into the world of selling in the fastest possible time, and it can pay you huge returns.