In past 2020 Amazon worth is $1 trillion. Now a day’s amazon is most popular website for both seller and shopkeeper. To manage rising demand of sellers, it has moved out as a FBA service. This facilities allowed venders to control the platform power divide networks and customers who want to start business. For retailer this platform is most popular choice.
FBA stand for Fulfillment by Amazon this words mean amazon will store your goods in amazon inventory, fulfill your order and offer customer’s services. If there is anyone who want to use amazon FBA account then create your amazon sell account after this add FBA to your account.
Create a Business Plan
To start amazon FBA business first you need to make plan for ensure everything going on right track. A business plan should consist your business mission, product and service, etc. There are so many different things which you need to know, the first thing is research the market, check the trending things, know your competitor, and find out what type of product you are offering for selling, how much you want to expend on product, marketing, promotion. Before selling product try to create a rough plan of your business ideas and other related activities.
Find Your Niche
To sell something on amazon FBA market you need to know profitable niche. To have lucrative business you need to do market research which help you to find profitable business and competitive products. After researching you will get to know the product trending and this study impact in practically.
Survey the Market Research
Once you choose you niche, you will be confirm this in to the market. Check it out previous market sales of your competitors. Checking about your competitors marketers will give you more realistic vision of the market. The other way to start marketing research is to communicate with other suppliers and customers to get to know their opinions for the product. After research when you understand that the sales number are reliable in the market, you can continue with your niche and take another step.
Identify Product Suppliers
When you confirm you niche, you will start finding your product suppliers. There are different ways to find suppliers. You can find contractor on Alibaba and other business platforms. When you find any supplier search their contacts and background information. After collecting supplier you have to contact them and find which one is best for you and contact them through phone number, or email.
Place Orders
When you done these all process and choose you final supplier, you need to place an order of the product. Usually the first order would not be large. You can place a small order, use that product in market and get feedbacks form consumers. These type of testing it’s a good way to know your product market.
Register an Amazon Account
If you don’t have amazon selling account then register yourself as an amazon seller account. There are two types of accounts one is individual seller and second is pro seller. Normally amazon cost $0 per month but if you sell any one product on amazon then you will be charged $1. The pro charges per month is $39.99.
Create Product Listing
Create product list means you will add you products on platform. There are different part for creating your list. If you don’t have so many items then you can list them physically but if you have more items then upload them on spread sheet.
Manage Your Inventory
Amazon FBA seller accounts have focused on inventory. Record your data is very important so try to manage and refill your inventory properly. It is authoritative for you to confirm you have an enough to sell and maintain your item inventory level available for you market and sales. On amazon your inventory level decrease automatically as order are retained.
Follow up Customer Reviews
Make sure after selling product take feedback form you customers. Amazon customer review are important for business growth. These feedbacks are proofed for you product and business.
Optimize Product Listings
Optimization of the product mean when you sell the products try to monitor your sales performance know your business growth in the marketplace. Optimization of your product list help you to increase traffic and boost your sales. For beginners it’s hard to start your own business but above the tips help you to sell your product on amazon FBA.
To read our blog on “How to earn money from Amazon with zero investment,” click here.
