Are you new and looking to start an Amazon store? If yes, check out here some best tips for starting an Amazon store from scratch.
Starting your own Amazon business model is great since it continues to grow in popularity, and for a very good reason. At its core, it is the same as a traditional eCommerce business, although, instead of having to fulfill orders one at a time, Amazon stores your products instead for you and can even pack, pick, and ship them out to their customers. This certainly makes things a lot easier for you to build your business.
Especially since you do not have to worry about the warehouses and their logistics of packaging materials, and having couriers. With a private label, you also have the opportunity to build up your website, a brand that ultimately increases the value of your business. If you are not sure where to start your Amazon business from scratch, this is an article with the best tips for starting an Amazon store.
Tips for Starting an Amazon Store from Scratch
1. Start with the Basics, Open Up a Seller Account
First and foremost, to start an Amazon store, you need to open a seller account. It can be listed either as a business or you can simply open it as an individual.
Have in mind you will need to pay a monthly subscription fee for your business account, although, you will also gain a different selling fee structure to individual sellers. Meaning, anyone that who is selling in volume will save finances by vending on Amazon as a business. For instance, UK sellers who wish to sign up as a business member and are starting an Amazon store will pay around 25 pounds which is approximately 30 US dollars for Amazon’s seller program. That is excluding VAT per month.
They can choose to sell on either Amazon UK alone or even on all five of Amazon’s primary marketplaces in Europe. It would be wise to remember that the selling fees are applied after this membership fee.
Those sellers that have a plan on selling less than 35 items a month, can be signed up as individual sellers. For that, no subscription fee will be paid to start an Amazon store.
See also– Best Affiliate Marketing Programs For Beginners
2. Private Labeling
One of the most popular ways to leverage the Amazon model of business is none-other than private labeling. The idea in general would be to establish your label or brand and apply it to your products and afterward sell it on Amazon. To start, it would be wise to do your Amazon product research.
This would be the most important step. For instance, if you do enter an unpopular product category and end up selling the product for more than your competition is, you could lose a lot of finances on that product. It is advisable to take some time and fit in a popular product category after doing a competitive analysis and studying product reviews. It will help you to identify a product that needs improvement and then sell at a better price.
3. What Comes Next?
In the majority of cases, products should have a Global Trade Item Number or GTIN for short. UPC, SBN, or EAN are some examples. Amazon would use these product IDs to identify the exact item you want to sell.
You will not need to provide a product ID because it already does exist if the listing is already matching.
Also, it would be wise to remember that in case you are adding a product that is new to Amazon, you might need to purchase a UPC code first. Another option is to request an exemption.
As an addition to your product ID, there is some other important information that will go into each listing of the product. Here are some:
- SKU
- The title of the product
- The description as well as the bullet point of the product
- The images of the product
- The search terms
- The relevant keywords
Although starting an Amazon business will require some capital at the start, the expenses are not as closely high and as intensive as they would be with any other traditional eCommerce business. To get your business off the ground is relatively easy really.
All you would have to do and need is nothing more than to have educated research. Afterward, you are good to go. Although, on the other hand, finding ways to grow your business can be the more difficult part of the whole scheme.
With enough persistence, knowledge, and hard work, of course, you will eventually succeed in your goals. All left to say is good luck.