Before diving deep into Amazon FBA, it is very important to know what Amazon FBA is all about.
What is Amazon FBA?
Amazon FBA is usually referred to as Fulfillment by Amazon. This is the type of program in which Amazon fulfillment centers take care of storing, packing as well as shipping orders in addition to both returns and exchanges. With both regular monthly cost and selling fees, you will be able to disperse your products to these fulfillment centers. Then the real shipping, tracking and experience with customer service will be done by this bigger team. This will help you move your business potential to higher level in reaching out to more customers.
How Can You Start Amazon FBA Business
Are you contemplating on how you can begin your own Amazon FBA business? Below are the five vital steps that every beginner required for they want to succeed in their Amazon business.
Carry out thorough research on niche and product
Billions of dollars worth of products are sold annually in Amazon. Parquet flooring Dubai This does not imply that any product can be sold and be successful. For you to succeed as a seller in Amazon, it is very important to make thorough research on hourly basis and look for products that can make them more money. Ensure you search for the product that can meet up with these essential criteria below:
- High average monthly sales
- High search volume on Amazon
- Regular sales for some years
- Light-weighted so as to reduce shipping, fulfillment fees and storage
- Less competitive
- Very easy to get from stock
- Sales price must be between the range of $10 and $70. The low price rate helps to bring good sales volume but still good enough to make profit.
Sign Up for an Amazon Seller Account
Prior starting to sell on Amazon, it is very important to sign up for seller account. By so doing, you will have option of choosing two types of account:
This type of account does not require subscription fees on monthly basis. However, it is very important to pay $0.99 to Amazon at all time any sale is made. Additionally, the account has limited features.
In this type of account, one need to pay monthly subscription of $39.99 whereby the fee of $0.99 per sale is waived. In addition, here are more features such as in-depth inventory data, Amazon ads and extra categories where you can sell.
As long as you are genuinely and passionately having interest in Amazon business, it is suggested that you sign up with professional account. The features are full of powerful tools that can easily help generate more and new product sales.
After Amazon approval of your account, ensure that you get familiar with the Seller Central Platform this will enable you build listings of your new products, setup Amazon ad campaigns and at the same time update your inventory data.
Look for a Supplier
As soon as you know your product, the next thing to do is to look for the company supplying the product. Many sellers search for their inventory from outside their country mostly from china. Besides, those products are cheaper from china when compared to those bought within the country.
Gone are the days when the business owners would travel to china to see their suppliers face-to-face, or better still, attend trade exhibition to locate the companies that provided the exact type of products they are searching for. As a matter of fact, some entrepreneurs still indulge in this. Interestingly, modern technology has transformed everything, hence the simplicity of purchasing from online.
Make the Right Choice of Fulfillment Method
The method use in shipping your products to your customers is referred to as Order Fulfillment. There are two available options in Amazon:
- Fulfillment by Merchant(FBM)
- it requires storing all your own inventory. If someone purchases one of your items, you will pack and ship the order by yourself.
- Fulfillment By Amazon (FBA)
In this case, all your items are sent to Amazon for storage in warehouses. Then you will receive order that your product has been shipped to the customer on your behalf. Although, you will pay storage and fulfillment fee anytime you make sale to Amazon.
Promotion of your Products
Immediately your items are Live on the website, you have to generate traffic to your listings. If you are a new seller, one of the best ways to do this is to run ads. Take advantage of Amazon advertising platform. This is very effective as it permits you to show up at the top of Amazon searches, just like Google Ads.
You can also use social media platforms such as instagram and facebook. The amazing aspect of the platforms is that they are extremely cheap and enhance you to focus on particular demographics that have more interest on your products.
To start your Amazon FBA business is a great commisellerstment but if the right tools are used, surely, success will come.
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