selling on Amazon is among the most efficient ways to start an income-generating business that is sustainable and generates a passive income. If you’re considering “getting rich quickly” as an aspiring entrepreneur, you could be mistaken.
Becoming an effective Amazon seller requires time and money as well as endless effort. This is what I am going to discuss in this article.
To begin selling on Amazon, you must first open an Amazon India seller account. You can begin listing your products and easily begin selling after signing up and entering details about your store. Even students sell products on Amazon, so getting started with Amazon is extremely simple, and anyone with an interest in eCommerce can do it.
1. Create an account with a brand new username
For you to begin your journey to Amazon it is necessary to establish your own Amazon Seller account. To get one, you’ll have to finish your registration and select a plan for your account
For you to complete the registration process, follow these steps: the information you’ll need to do:
- Your bank account’s routing numbers and your bank’s account number.
- ID issued by the government (Individual sellers can use the social security numbers)
- Credit card chargeable
- Tax information
- The legal name of your business
- Telephone number
Additionally, you’ll need to select a selling plan on your account. There are two plans to sell Professional and Individual.
Individual Plan:
A single plan is a basic selling plan, which costs $0.99/per sale. This plan will mean that you’re limited to selling a minimum of 40 items per month.Â
Also, you’ll be denied the use of some advanced tools. But, it’s ideal for those who are not sure what you should offer on Amazon.
Professional Plan:
It is the Professional plan that is priced at $39.99 per month with no selling limits. Additionally, you will have access to APIs and sales programs like Launchpad Handmade and Launchpad. Handmade.
2. Select a Fulfillment Method
Once you have established the Amazon Seller account, you must choose the fulfillment method for your company.
On Amazon, You can pick two fulfillment options when you are a seller: FBM and FBA.
FBM:
In the sense that it is a reference to you being in complete control of your fulfillment procedure. In this way, you purchase the item then pack it and deliver it directly to the client’s doorstep.
You’ll still need be paying a referrer subscription fee, however, you can avoid your storage and packing, and shipping costs that are charged by Amazon for fulfillment.
FBA:
FBA is an alternative to the FBM option and is the much less stressful option provided by Amazon. With this method, you buy the goods and then ship the items straight into Amazon warehouses.
Then, Amazon handles the complete order fulfillment process. However, you will need to pay storage fees and an FBA fee to manage the fulfillment.
Pro Tip: make use of the Amazon Profitability Calculator in SllerApp to calculate the profit margin, after taking out the FBA, subscription storage, referral, and costs.
3. Create your Storefront
After you have set up the Amazon Seller account Now is the ideal time for you to decorate it with a professional appearance. In this section, you will need to include the Brand brand name as well as the logo that you will show on your store. Pick an existing template to provide an attractive appearance on your front.
You can also modify the design to fit your specific area of expertise and the types of products you sell. Then you can test the design to check how it will appear from the point of view of the consumer. You can include the number of products you wish to offer. But, you can do the customization later.
4. Create a Product Listing
Once you have decided on a fulfillment method then you must create a listing for your product to allow customers to locate your product on Amazon.Â
A proper listing of your product and optimizing it is the most important step in ensuring your product gets exposure to the public.
To create a listing for your product This is the information you’ll require:
SKU (Stock Keeping Unit):
SKU is a code that is written on the UPC barcode. It is possible to find this barcode on any product you purchase. You can purchase a UPC barcode that matches your item at the GS1. Do not purchase from websites that aren’t authorized. To know more about the Amazon UPC codes, click here.
Product Title:
The name of the product, together with the model name, brand name, or unique identifiers.
Product Description:
All the information you need about products, such as their features and advantages.
Product Images:
Quality and authentic photos that show your products. Upload 4-5 images taken from various angles.
Backend Keywords:
These are the keywords that you include in a product listing that consumers typically are using to search for specific products. It’s not listed in the product’s listing but they’re the most frequently used keywords users type into their search boxes.
5. Source Your Products
After you’ve listed your items on Amazon Now is the ideal time to find a source for your items. The most popular methods used by people are three to get their goods.
Manufactured by Yourself:
In this way, you get the goods by making them yourself. Individuals who own their businesses and brands usually market their products through Amazon to boost sales.
Find a Supplier:
If you’re not producing the items yourself then you may need to find an external supplier who can source your goods. You can either manually search for one, or use the internet for an established and trustworthy supplier. Alibaba is an excellent alternative, to begin with.
It is possible to find sellers from all over the world by entering your name in the search box of the item you are listing on Amazon.
Print-on-demand:
Print-on-demand is a great method to procure your goods. It is possible to find an established POD vendor where you can buy items in bulk and then sell the products on Amazon.
With this method, you can upload your artwork and designs that you want to be printed onto your items.
In a matter of minutes, you can utilize Amazon’s print-on-demand facility, Merch by Amazon, to get your product. It is also possible to try POD providers from third parties like Printful, Merchize, Gearmint, Shirtee, etc.
Create a sufficient order and then ship it off to Amazon Warehouse (if it’s using an FBA technique). Include the inventory information to your storefront, so that it’s accessible to reviewers before launching the storefront on Amazon.
If you have minimal stock at the beginning it is possible to avoid excess storage charges. When you begin to see a steady flow of sales, you can boost your purchase amount.
6. Launch Your Store
You’ve completed the minimum steps required to create your online storefront with Amazon. It is now time to go live on Amazon officially. Before that, you submitted your storefront for an assessment to be approved for selling on Amazon.
But, it can be an extremely time-consuming process that can take up to a couple of days to be approved by the team reviewing.
Once your store is approved, it will be launched automatically after approval on Amazon You will be notified by SMS or email.