Those who haven’t tried up selling on Amazon as of now might have few reasons for not doing so on this marketplace.
On the other hand, those booming with sales on this marketplace have hundreds of reasons to only sell through this platform. Amazon, the world’s biggest online marketplace has over 2 billion buyers and 13-country-specific websites which makes outreach to the shoppers across the globe.
And if that’s not exciting enough to get you on the edge of your seat; over 16.7% Amazon sellers making over $1 million per year revenue would surely leave you awe-inspiring. At the same time, the second two Amazon, eBay only has 3.9% sellers generating $1 million in revenue per year.
Long story short, Amazon is a tried and tested marketplace and that makes it stand out popular among the sellers; in case you only believe the number game, Amazon is home to over 5 million sellers, and the numbers are soaring high with every passing day.
So, with letting you know enough reasons to jump on Amazon’s bandwagon as a seller, now it’s time to rundown over how to start selling on Amazon and that too with making profits.
The signing up process with Amazon is as easy as pie and we won’t consume time letting you know those basics as we believe the one going to sell on the world’s best platform won’t be a noob in some capacity.
So, here we will be highlighting the technicalities attached to your seller account and debunking the misconceptions as well as they hinder between you and your success.
Amazon Seller Account Plans and Pricing
While signing up for your Amazon Seller Account, at first you need to opt one option out of ‘Sell as a Professional’ or ‘Sell as an Individual’.
So before rushing to click either of them, you need to do self-evaluation that whether you need a plan to sell more than 40 items a month or the one less than it.
If you go out with individual the seller plan that comes with a restriction of selling less than 40 items a month, you would have to pay $0.99 for each item, apart from the variable closing fees and referral fees as well.
Contrary to that, the professional plan let you add products without worrying about the monthly selling item limit of 40. Moreover, you aren’t going to be charged for each item sale under the professional selling plan. The one-time monthly selling fee of $39.99 makes your professional seller account ready to go. If our opinion does really matter, we would like you to recommend the professional plan so you could try your potential to the fullest.
Amazon Seller Account Information and Payment Details
When it’s about adding business information related to your account, make sure you write the one you could actually be able to verify.
If you are going with Credit Card as a payment option, choose the one that can be charged internationally and write the phone number through which you can be reached at the time of the registration process as well.
The operational mailing address information would also be needed for kicking off your account and make sure you be true about that as at times it can be verified as well.
Listing Products on your Amazon Seller Account
After you’re done with signing up and choosing your seller plan, you’ve actually made it to Amazon; the next step is to go up with listing products and generating revenue.
So, when you are eying to buy it from the retail stores or the wholesale suppliers, be sure you keep on the profit margins in notice while keeping in view the market pricing trends. If you are going to sale some bigwig brand product on Amazon, you can’t do that straight away as you need to get permission as the authorized seller for doing so.
Selling Product Categories on Amazon
If you yourself are the manufacturer of the products and that under the registered company then things are way simple for you as what you all have to do is list your products and ship on time with adding money in the revenue portion.
While doing all this, at first you need to know that the product you are selling lies in between the 50+ categories you’re actually allowed as a professional seller but if that’s in some other category; you need prior approval to get it listed.
At the same time, make sure you don’t end up selling Probhited Items in order to boost your sales as this will lead to immediate Account Suspension and if not justified, it can result in permanent banning as well.
The first product you went on listing on your seller account is your ‘beach head’ product meant to lead from the front so get your wisest moves done before adding it in the list. The research prior to listing products would work as icing on the cake, though we won’t appreciate piggybacking but still keeping an eye on the counterparts is must.
FBA for Amazon Sellers
The next on the cards after the buyer has bought some of your product is getting it delivered on time and for this purpose you need to snap up the deal with the logistics company.
If you’re the one who wants to go hassle-free regarding the timely delivery thing which means a lot for the customer satisfaction, going out signing up with Fulfilment by Amazon (FBA) won’t be a bad option at all.
So, once you have got started with FBA, it’s not your headache to make sure on-time delivery to the buyers as Amazon’s Team itself does that after storing it in their world-class warehouses and delivering it on your behalf as well. To avail FBA what you all have to do is get your product shipped to Amazon’s warehouses, where they would be stored in the first place and then be delivered to the buyers.
In case you are lagging to get the desired sales on Amazon, you should go out-of-the-box with the marketing of your items and also consume your precious time understanding Amazon SEO, which is inevitable to reach on the top.