If selling online is your passion, selling products on Amazon will be a great way of procuring extra income. It is an external marketplace that brings together buyers and sellers from all around the world. With over 100 million active users each month, selling on the platform is clearly lucrative. However, before you start selling on Amazon, there are some important things you should know. First, consider working with the trusted marketing experts at Urtasker.com they make the whole process easy. We will look at them in this article.
Before we delve into how to sell on Amazon, let’s take a brief look at what it involves:
Selling products (also called inventory) to customers directly through Amazon’s warehouses or using their ‘ fulfilment by Amazon (FBA) service. Sellers pay to sell commission fees as a percentage of the selling price when they use FBA. When selling using FBA, sellers also pay storage fees and outbound shipping charges for each of their products that are stored in Amazon’s warehouse.
You can sell the inventory you already have Or source raw material to create your own private label. Best-selling products on Amazon are not always best-selling on other marketplaces like Flipkart or Snapdeal due to different target audiences and demographics among them. This means that selling an item at high volume on one marketplace does not guarantee its success on another marketplace.
If you’re selling a physical product, there’s a higher chance it will be stolen, damaged, or destroyed. Amazon handles customer support and returns for your product.
Benefits of selling on Amazon FBA:
Huge advertising platform with thousands of free resources for sellers
Fast-selling is a great selling
Low return rate due to quick shipping by Amazon using their Prime delivery service.
Amazon selling basics
Now that we have understood the basics let’s look at how selling on Amazon works.
There are two options available to you as a seller:
Selling directly through Amazon’s warehouses, also known as ‘fulfilment by Amazon (FBA), where you send products into one of their warehouses, and they do all the rest: packaging, storing, picking, delivering, and even support if required. It is an expensive business model, and selling on Amazon is not easy as it seems.
You will have to spend a large sum of money every month on storage and maintenance fees. Amazon takes care of all the selling aspects, customer support, and returns on your behalf. Have an Amazon selling plan with a clear goal in mind before you get started; otherwise, you might run out of ideas to sell products or even cash just selling random things that you already own!
Do I need an Amazon selling plan?
Yes. You need one! Don’t be lazy. Think about how many customers are searching for an item daily worldwide, then create a product list accordingly! Once you have found what works by selling from home, then create dedicated space to do so and rent a place.
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