Sitting as the world’s biggest online retailer, now is the time to jump on the Amazon ship. There are plenty of opportunities available to Amazon sellers that you simply can’t find anywhere else, so if you’ve ever considered starting your own business, now is the time and Amazon is the place to do it. But what do you have to do to really start making money on Amazon? Check out our tips on finding success through selling on Amazon!
Choose Your Product
The first thing you’ll need to do is decide which product you’ll be selling on Amazon. Do some research and find a product that is both in high demand and not saturated on Amazon. Consider which product niche you would like to be a part of, and be sure to check what your estimated revenue figures would be. Doing a good amount of research and staying on top of Amazon trends will always be a good idea when considering which products you’d like to sell on Amazon.
Determine Your Budget
The next thing you’ll want to do is determine your budget. How much are you wanting to initially invest to get everything off the ground? How much are you wanting to spend on a monthly basis to maintain your inventory, shipping needs, etc for your Amazon store? How much do you need to make to break even? It will help to outline some of the goals that you have for selling on Amazon. For example, what is your selling model and how much do you want to make in the first year?
Set Up Your Seller Account
The next crucial step is to get everything set up on your Amazon seller account. This will take some time, so block out a few hours to knock it out and get it done. Read some articles and guides on what you need to know about your seller guide- it won’t hurt to do some research and play around a bit to become as familiar as possible with the platform. This is where the magic is going to happen, so take the time to get to know it well.
Create Your Listings
You’ll next want to create your product listings. Make sure you have good, high-quality photos of your products, as well as keyword-rich product descriptions, bullet point lists of what they do, and clearly listed pricing. A great product listing is key to helping potential customers understand what it is that you have to offer and will do wonders in encouraging them to make the purchase. A poorly put together product listing will do just the opposite, so take some time to put together some killer product listings.
Prepare For Shipping
Get everything ready to ship your products. Whether you’re letting Amazon handle all of the shipping (where applicable) or you’re taking care of it yourself, you’ll want to be sure to have it all set up and ready to go. If you’re going to be shipping your products, stock up on boxes, padded envelopes, bubble wrap, tissue paper, and anything else you’ll need to package your products so that they make it safely to the customer.
Time to Start Selling
Once you’ve followed these five steps, you’re ready to start selling! As we said before, Amazon is an incredible platform to take advantage of, and many have found tremendous success with it. When you take the time to get everything properly set up and continue to invest in your listings, you’re sure to see some major success yourself.