Amazon is now the most popular multi vendor ecommerce platform across the world. Everyone is searching about how to sell on Amazon. If you are planning to start an ecommerce business or grow your business globally, You should immediately start with amazon.
Amazon is now the most popular multi vendor ecommerce platform across the world. Everyone is searching about how to sell on Amazon. If you are planning to start an ecommerce business or grow your business globally, You should immediately start with amazon. There are huge customers who visit and buy products daily on amazon. Amazon is also providing FBA service which will reduce a lot of your work and you don’t need to worry about it. As a new seller the basic questions come to your mind is.
Q. How much budget do I need to start Amazon Business?
On a small scale you can start a profitable business from less than $500. And on a large scale you can invest billions of dollars in this business. There is a fact that “the more the sweet the more the reward”.
Basic steps before starting Amazon Business
Here are some basic steps you need to take before starting Amazon Business
Create a business plan.
You should do some research and paperwork before stepping into amazon business. Create your plan about your product, your target audience, marketplace etc. Click here to read about create a successful business plan.
Register your account.
Now at this step you need to create an account on amazon seller dashboard for listing and selling products. There are two types of account provided by amazon
- Professional account ($39.99 per month)
- Individual ($0.99 on per item sale)
Select your suitable niche
Now you need to select the best niche according to your budget. You need proper homework at this point before proceeding further.
Here is a complete guide about how you can find and hunt a profitable product for this market.
Identify and choose a supplier
You have selected a good product and find a profitable niche. Now here you need a supplier for this product to make this product for you. All of your business and ROI depends on how good your supplier is.
You can read a detailed post on how to find a good supplier here
After finding a good supplier now you need to go to the seller dashboard and create a listing for it.
Rank your Product
There are thousands of retailers on amazon selling the same product. Only retailers with higher ranked products will generate handsome revenue. Read here how to rank your product on Amazon
Manage Your Inventory
After creating a listing and filling your stock you will start getting orders. Now you need to put your eye on the stock. Try that your product never goes out of stock. Read more about stock management at Amazon here.