Amazon is considered to be one of the most popular and profitable e-commerce companies. More and more people are opting to start their business on Amazon as online sales are seeing a rise in popularity. Sometimes it is too hard for the beginner to do everything by the rule since Amazon has strict requirements on how businesses are launched on its platform. Prestige Auditors is here to open the ecommerce floodgates on Amazon for any eager seller.
Most sellers fail in the early stages of setting up a business on Amazon since they do not pay sufficient attention to research. Before starting to sell on Amazon, we recommend that you do some research for a better understanding of the whole process since there are a few scrupulous aspects that you have to master first, before reaping the fruit of online sales.
The main goal of this Prestige Auditors article is to provide you with some necessary information which you should know before starting your e-commerce business on Amazon.
To put it very, very simply, this is how the process should look like:
- You register your account
- Find the product for selling
- Create a listing for the product
- Send your item to an Amazon Warehouse or prep it yourself
- Fill in your inventory
- Start selling
Pretty simple, isn’t it?
Not really. There’s a lot to read between these lines, such as the know-hows of starting on ecommerce business, setting up an online store, understand how reseller sales tax exemptions work, and many other small details which Prestige Auditors can help you with.
Let’s imagine that you have taken care of all this and are ready to jump on Amazon’s ecommerce ship. Let’s see where you should start:
Amazon Seller Registration
One of the first decisions that you have to make as a seller is choosing between two types of accounts: Individual and Professional Seller account. It’s all relative and it depends on what type of business you are going to run.
Individual Seller– is free to register for, but you have to pay fees for the sales you make. With this type of account, you can just sell 40 items per month. In addition to this, you can’t sell private label products and use advertising platforms.
Professional Seller – By paying $40 a month, you get a set of privileges designed for the seller, such as selling an unlimited number of items and creating your own listings. You can also use the advertising platform.
The Next Step Is Choosing Your Business Model
There are six types of business models for operating on Amazon:
- Private Labeling
- Retail Arbitrage
- Online Arbitrage
Out of these, Private Labeling and Wholesale are very popular among sellers.
For more information on each type of Amazon business model, just visit our partners over at https://www.gotsuspended.com/, where you can find detailed information on how to run a successful business on Amazon.
Finally, a crucial decision that you have to make is (FBA) Fulfilment by Amazon. The main idea of FBA is that you are sending your inventory to the Amazon warehouses, and Amazon takes full responsibility for fulfilling your orders. The main benefits are that Amazon not only ships products, but also packs them and handles basic returns. You just have to pay Amazon monthly storage fees for keeping your items in its warehouses.
For more information on how to properly kickstart your Amazon career armed with the correct documentation and formation, visit our blog section on our website and benefit from the educational material we have provided. To make things easier, just give us a call! We are available all day, every day to help you in growing online!