E-commerce has increasingly become a quick route into business ownership for a majority of entrepreneurs. If you are looking for an opportunity to make some income or expand your operation, Amazon is ripe for tapping. With Amazon, you can sell almost anything and turn a handsome profit. Even so, selling on Amazon requires skill, patience, dedication, and time. But how can you sell products successfully on Amazon?
1. Sign Up For an Amazon Account
Amazon offers sellers a choice of two accounts: an Individual or Professional account. No charges are attached to an individual account although you get to part with $0.99 per sale and Amazon’s seller fees. With a Professional account you are charged $3.99 per month as well as seller fees. Professional accounts are suitable for high volume sellers, over 40 items per month and have extra features. In contrast, individual account sellers cannot access Amazon’s Bulk Product Listings or Amazon’s API.
2. Create Product Listing
Before selling on Amazon, you need to create a listing of each of your products. If you are a professional account holder, use Amazon Bulk Product listing tool to upload your product list. Beware that this tool only uploads products with valid UPC codes. For products without a valid UPC code, use Amazon’s’ “Create a New Product” procedure. Ensure that your shipping details are accurate to facilitate seamless product shipping once a sale is made.
3. Make Use of Seller University
If you are a new seller on Amazon, you probably need support and guidance. Amazon has a Seller University to help you grow and learn to manage your e-commerce business at Amazon.in. You can find excellent educational and videos content to help you become an amazon consultant. Note training materials are available in several languages.
4. Sell Your Products
Products are available for sale on Amazon as soon as inventory uploading is complete. Ensure that your products, prices, and quantities are current and accurate. Always fulfill product orders to enhance the customer experience. Create an order processing procedure to help keep product listings fresh, avoid order cancellation as well as improve your ratings.
5. Process Orders & Ship
Remember as an Amazon seller you are fully responsible for the customer experience. This responsibility begins once a buyer places an order for one of your products. For that reason, you have to process orders promptly, even on weekends or holidays. Keep it in mind that processing orders on weekends leads to faster supplier processing times.
6. Receive Payments
Amazon collects payment on all sales of your product listings on your behalf. Amazon will pay you after it deduct Seller fees, determined by the product category, and remits the balance to a bank account of your choice. A notification will be sent to you accordingly.
Now you have a better idea of what it entails to sell on Amazon! We hope this post helped answer the questions you had on selling on Amazon. Keep it in mind that more is involved in managing the financial side of your investment. Even so, in your early days on Amazon product research will help enhance your selling experience on this platform.