Selling is easy on Amazon. However, the steps required to get up and running on Amazon remain the same, regardless of the type of business model and product you choose.
1. First, start by deciding which business model you want to use
I. Private Label: Private label is the process of a retailer rebranding/renaming a product that is already being manufactured on their own brand or label.
II. Wholesale: Wholesaling is the practice of purchasing low-cost or discounted goods in bulk to sell as individual units in a retail marketplace.
III. Online and/or Retail Arbitrage: Arbitrage is a method of finding low-cost or discount goods in brick-and-mortar retail stores (or on e-commerce sites) to resell them online.
IV. Drop shipping: Drop shipping is a business model where an Amazon seller does not keep their own product inventory, but instead, transfers their customers’ orders directly to the manufacturer or supplier.
V. Handmade: Amazon’s handmade sellers are people who create their own products to (“by hand”) to sell on the Amazon marketplace. Examples include jewellery, accessories, home decor, and more.
2. After you have landed on a business model, it is time to decide which fulfilment method you’ll use
a) Fulfilment by Amazon (FBA).
b) Fulfilment by Merchant (FBM).
There are pros and cons for both methods, so make sure you look closely at both to determine which one will work best for your business.
3. Next, consider the product(s) you are going to sell: If you have a product (say, you create your own handcrafted items), you may be ready to go, but you should still follow this step to validate that your product will have sufficient demand on Amazon. To help you find products to sell that are high in demand, but low in competition, make sure you use a tool like Jungle Scout.
4. Once you have found a product, apply to become an Amazon seller. More details on how to complete the Amazon seller registration process in the next section.
5. Then, when Amazon has verified your information and your application has been approved, start sourcing your product(s). If you’ve chosen to sell private label, you can find a manufacturer to create your product by using Jungle Scout’s Supplier Database or Alibaba.
6. Finally, create your product listing: And once you create your listing, you can grow your Amazon sales from there!
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath