How to Get Started with Amazon FBA - Baltimore Post-ExaminerBaltimore Post-Examiner

How to Get Started with Amazon FBA

Do you want to add an extra income aside from your day job?

Do you want to partner with the largest company in the world and close awesome business deals?

Do you want to venture into online business and mint thousands of dollars within the next 30 days?

If you said YES to the above questions, Amazon FBA business is what you should give a shot. It’s what we’ll talk about in this guide. We’ll figure out what it is, how it operates, and how you can make money with it.

What is Amazon FBA business?

You’ve bought products from Amazon before, right? How do you think the product reaches you? Do they have thousands of agents at all their fulfillment centers waiting for your call? Not really.

Third parties sell most of the products you see on Amazon. The sellers are not employees of Amazon, but individuals that gave up their 9-5 jobs to start an e-commerce business.

As an Amazon FBA business, you use their vast customer base and incorporating it with a robust distribution network to supply your products.

How to Launch a Successful Amazon FBA Business?

To successful Amazon FBA business owners, this is a money-making machine from the comfort of their homes. Some people earn up to $50,000 a month after only six months of venturing into the business.

Don’t be hyped yet. It doesn’t come easy, and there are thick waters to wade through. Plus, there are a few steps and to follow.

1)   Setting up a Seller Account

This is easier said than done. Many people give up on this stage as they can’t keep up with the burdensome verification process. But it’s the only way to cruise through the Amazon ecosystem and getting your first order.

It is not free to set up your seller account; You’ll be subjected to a monthly fee of $39.99, fulfillment cost for your products, and warehousing fees if your product is not selling.

2)   Pick a Niche

You are excited about such an opportunity, but you have to be careful when choosing your niche. If you pick the wrong one, you’ll find yourself hitting the 3-month threshold without selling a single product and be forced to go back to the drawing board.

Here are a few tips for finding your way;

  • What are you passionate about? Look at your professional experience, hobbies, and home background.
  • In these areas, pick some of the products you resonate with and think can sell. List them in the categories.
  • Now that you have the list of niches with their products, make requirements that fit you and eliminate the ones that don’t meet the cut. For instance, if you had chosen indoor decoration as your niche, you can scrape off indoor plants that you don’t know anything about. Pick indoor antiques that you have vast experience in.

Narrow down to at least 2 or 3 of the products you’ve taken from all the niches. The next step is crucial.

3)   Find Products to Sell

With Amazon FBA business, you can’t be a jack of all trades. Even if you have chosen 2 of your favorite products, the fact is that both don’t have the same demand/sales curve.

Start with one product that is profitable and in demand. At the same time, the product shouldn’t have high competition.

This is a daunting task, and it might take you ages before you come out with something. There are numerous tools you can use for a little help. The most common is Jungle Scout. The tool identifies the product that’s on-demand by checking the keywords with high search volumes.

4)   Product Sourcing and Marketing

Product sourcing is what will bring your business to life. Although it’s tedious and time-consuming, it’s worth the effort. Look for a reliable and readily available provider with the best products. You need to take time to test products and analyze them before you look for a supplier.

It’s now time to go to a marketing spree. It’s not that customers will smell your product and come right to your page. Although you’ll get a lot of traffic, most of the customers won’t reach your site before a compelling product description from another site hypnotizes them to that seller.

Conclusion

The steps above are just the tip of the iceberg. For a detailed guide and proper training as newbie Amazon FBA seller, you can check out the Proven Amazon Course and get sharpened for the market.





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