The Complete Guide To Become An Amazon Seller
Amazon Seller is the largest retail store that you use to shop products online. You log on, search almost anything you want, place an order and get it delivered to your doorstep – how convenient it has made the shopping. It has provided a delightful experience to millions of users so far, and hence it has become the most popular platform.
Have you ever realised that this platform is not just a shopping platform? It is, in fact, a marketplace for brands. Amazon does not own the goods that it displays. They all belong to the sellers who collaborate with Amazon and offer a certain amount of commission for using it as a marketplace.
Small entrepreneurs are not just selling their goods in-store, but they advertise them through Amazon, so the users who visit this platform can place an order and buy their goods. It is a great way to earn a good amount of profits. If you are looking to become an Amazon seller, you need to take the following steps:
Create a business plan To Become Amazon Seller
First off, you need to create a plan that tells about your mission, vision, products and services, marketing plan, and financial plan. Amazon will not let you sell your goods and services through it unless you do not give details about your business.
While creating the business plan, you will have to research the market trends, know the level of competition, and find out how likely you can sell your products and services.
This is because if competition is very high or your product is not much in demand, Amazon may not approve your business plan.
This is why you need to find a profitable niche. Do the market research to know whether the product you have chosen can hold a significant demand.
See the market trends and do competitive analysis to ensure that your products align with your passion and interests.
Find Out Your Product Supplier
After identifying the niche, the next step is to find the product supplier. Use B2B platforms to find out the supplier. Get their contact information so you can get to know more details about their business. Attend trade shows and have a word with them.
Pick a couple of suppliers so you can compare the prices and quality. Send emails, make phone calls and even visit them to communicate with them. You will have to show some seriousness that you are interested in doing your business.
Ask them for the sample product to check the quality. It is crucial to have a good supplier. Otherwise, you can put your reputation at risk. Ask about the minimum quantity, order limit, shipping charges, and the like.
Make sure that you compare these things with other suppliers to choose the one that does not put a burden on your pocket. Do not forget to ask about payment methods and payment term.
Create an Amazon account
You must have an Amazon seller account to sell your goods and services through this platform. You can pick from the two types of accounts – individual and pro seller. The former charges fees per transaction.
You do not have to pay any monthly fees, but you will have to pay $0.99 for each item you sell at Amazon. The latter offers you more feature, and hence it charges $39.99 per month. It depends on the type of your business which type of account you should choose.
However, note that you cannot sit back just because you have registered with Amazon. You will have to create a product listing. It will include components like product title, product images, key product features, product description, search term fields, reviews, rating and product keywords.
Make sure that you upload high-resolution images. If you have a couple of products, you can do the listing manually, and if you have a large number of products, you can directly upload the spreadsheet that displays all products. Make sure that it involves all details.
Take stock of your inventory
Once you are registered with Amazon, you will have to take care of your inventory. Amazon will keep your goods at their fulfilment centre, and they will deliver goods at the doorstep of users whenever an order is placed.
The inventory level keeps going down as the orders are placed. Make sure that you can prevent it from going out of stock. It is crucial to ensure that you have enough stock at a time, so users do not get disappointed to know it is out of stock when they need it.
This leaves a bad impression on them, and they will likely go to the other sellers. Update your inventory level after every order is placed on the product listing page. By using sophisticated software, you can manage it efficiently.
Optimise business product listings
To increase visibility online, you will have to optimise your product listings. Note that you will have to do the optimisation to boost traffic and visibility continually. To begin with, you need to find the relevant keywords that people can use to find your products and services.
Make sure that you insert them into your product titles, descriptions, and features. It is essential to use a keyword that is relevant to your product. Use Google Keyword Planner to pick the right keyword for your offerings.
Make sure that you use high-resolution images. You can use a couple of images that truly reflect the feature of your products.
You can become an Amazon seller without shelling out money on the location, equipment, etc. You need to identify the niche and then the product supplier.
This is a great way to start your own business online. You can fund your business with loans for the unemployed if you do not have money to fulfill beginning formalities.
Once you start growing, you can expand your business by dealing in different niches. You can also open your own e-commerce store. This will require a large amount of money to get it off the ground. In case of a shortage of money, you can fund it with business loans for bad credit.