If you want to taste the success of an eCommerce business as an online seller, then Amazon is undoubtedly the right choice. Fulfillment by Amazon (FBA) is a program for aspiring sellers which you can surely take benefit of.
If you don’t know about Amazon FBA and want to know how to proceed with the same, then this guide will help you how to start Amazon FBA Business.
What is Amazon FBA Business?
Amazon FBA is a service offered to aspiring sellers who want to start their eCommerce business. The sellers get to choose their products for sale, find a supplier, order, package and ship the product, and do their businesses. In the meantime, one of Amazon’s fulfillment centers takes care of all product fulfillment such as the shipping and logistics procedure of the sold products.
This program is a little different from Amazon Affiliate.
How to Start An Amazon FBA Business?
No matter if you are considering Amazon FBA as a side income opportunity, still, this could be a really hefty task to do for beginners. However, in order to get a simple summary of what it is and how it works, below are some steps that you can follow to kick start your Amazon FBA career:
1. Choose the specific niche
In the target market, select a product or products you are most drawn towards. Check whether it is exactly what you are passionate about and something that you can build a brand around. Try to go for something that is technically more popular in the realm of online shopping medium
2. Find a popular product
You may start with just one product and move forward with that. To choose a suitable product for you to sell, use Amazon’s best sellers list.
While searching the key metrics should include:
- Price between $15 – $50 for a decent profit from the very first launch.
- Weight below or around 2lbs as they go low on the shipping cost and are suitable to your budget.
- Products with best seller ranks of around 1500 to assure a good demand scale.
3. Find a reliable source
Choosing marketplaces like DHGate, Alibaba, GlobalSources, etc., for getting your products are always better. As they have a firm hold on Amazon, these sourcing places’ databases will save your hours of research
4. Come up with a brand name & design
Get the best of your creative mind to chalk out your creative designs and follow them to create a name that would fetch success. Do not be stuck up with old and known tag lines as this is where you need to do the best job. Only the most creative ones survive the game!
5. Create an amazon seller account
Before you can start shipping products via Amazon, you need to make a seller account. However, do not do so too early as these privileges are charged and not available free of cost. When you have placed your order for the first batch of items, get images, keywords, listing and the launch strategy prepared in hand. Only then open the seller’s account. This will save both your time and money.
6. Ship the Products
Ship your products to the customers can be the most intimidating thing you find in your business’s initial stages. Although, you need not worry as there are many Amazon help groups that you may seek help from. You may also rely on your supplier for these purposes.
7. Launch your products on Amazon
The final step towards becoming a best seller is launching your products. make your listings and images so attractive that it draws the attention of every customer. Keep your keywords such that they fall in the most searched product list.
Apart from that, you should also tell your friends and family members to let others know that your products are available on Amazon. You can also share the product links to your social media accounts to get noticed by more audiences.
8. Promote your products
The best way to promote your products is to advertise them. Always try to do innovative advertising to attract more audiences. In today’s world, the best way to do so is to make proper use of social media influencers and other such influencers to talk about your products on their profiles. To do this, send your target influencers your products and ask them to use those products and talk about the product to their followers. You do need to put in some amount here but this investment won’t go waste.
Don’t worry as you may not need to put more effort because in this digitalized world influencers are also looking to do paid promotions to get benefited.
Yes, Amazon FBA is still worthy in 2022 because Amazon itself is a giant in the eCommerce industry. You will be amazed to know that nearly a quarter (22%) of Amazon’s revenue, which increased from $386 billion in 2020 to a staggering $469 billion in 2021, comes from third-party vendors. So, you can definitely think of starting an Amazon FBA business and earning money.
To tell you the truth, selling on Amazon can be really profitable if you can use some tips and tricks. Make sure to sell a popular product that comes under the bestseller list on Amazon. Apart from that also use such keywords for Amazon or Alexa search so that buyers can find your products easily. The majority of sellers make at least $1,000 a month, but the most successful firms can bring in as much as $250,000 a month. The majority of sellers make between $12,000 and $300,000 a year, with one-fifth making more than $3 million.
Now that you know how to start an Amazon FBA business, then what are you waiting for? Follow the instructions mentioned in this article and start your Amazon business right now.