Probably everyone has heard of Amazon. It is the biggest e-commerce market. I bet you have at least one product bought from Amazon. It’s the biggest US e-commerce market with 2.5 billion shoppers a month. Amazon system is pretty easy. They have sellers in different points of the world, who have their sellers accounts and post their products. And then Amazon is responsible for shipping those products to customers.
Have you ever considered selling on Amazon? If the answer is yes, then this article is for you. As a seller you will be selling through Amazon FBA (Fulfillment by Amazon), which is a program that helps you selling goods on Amazon without actually packaging and shipping orders. Amazon does it for you. It’s very easy and convenient in use and lets you anticipate your sales beforehand with Amazon sales estimation software. Here are some tips for you on how to start successfully selling on Amazon.
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First of all, you need to create an Amazon Seller Account. Choose your plan, enter all the payment and registration information and prepare to start.
Your next step will be adding all your products information like titles, descriptions, prices, images on your Amazon account. Then, you have to ship your products to Amazon hub, do they can check them and verify your account. After that your account will be activated and you can start selling.
As Amazon seller you will have 2 payment options. You can either pay Amazon $0.99 for every product sold or buy a monthly membership that will cost you $39.99 per month. Depending on your expected volume of sales you can choose the one option you are more comfortable with. The platform won’t charge you any fees for Amazon Pro Two-Days-Shipping. However, Amazon has a special Amazon Referral Fees, which depend on the type of items you sell. Usually it is15% for goods like books and 8% for electronics.
If you are not yet sure what you are selling then it might be hard for you to decide what products will be your choice. It’s also a hard part for all Amazon sellers to gain trust and respect of the crowd. That is why the concept of private label products exist. It means that goods that were made by one company are sold by another. It relieves you from all the stress about sourcing products and allows you to control the price.
When pricing products you should be considering a couple factors when pricing your products on Amazon. Look at the similar products and their prices, and count how much your gross margin and COGS.
It doesn’t cost a fortune to be an Amazon seller. You should expect to cover:
So as you see it’s not that hard to start selling on Amazon and anyone can do it.