As Amazon expands, so are the prospects to start an e-commerce business by selling on the platform. Consumers migrated from in-store purchasing to online shopping in 2020, resulting in a massive increase in eCommerce. While the year continued, 34% of customers reported that their online spending increased even as their overall spending decreased.
By the end of 2020, 74 percent of customers expected most of their shopping to be done online, up from 69 percent just a few months before. These patterns suggest that eCommerce businesses have a lot to look forward to in the coming year. However, if you want to take advantage of Amazon’s massive opportunity, you must first complete the Amazon seller registration process. You can earn high profits if you know about Zonbase How to sell.
What is the best way to start an Amazon business?
What is impressive about Amazon is that there is no one-size-fits-all approach to starting a business there. There are various ways to prosper on the platform, from the business model you adapt to the things you offer.Regardless of the type of business model and the product you choose, the steps to get up and operating on Amazon are the same.
1. Determine which business model you wish to implement first.
- Wholesaling is the process of buying low-cost or discounted commodities in large quantities and reselling them as individual units.
- Arbitrage (online and retail) is a method of locating low-cost or discounted goods in brick-and-mortar retail establishments (or on e-commerce sites) and reselling them online.
- Personalized Label: The process of a store rebranding/renaming a product that is already manufactured under their brand or label is known as private labeling.
- Dropshipping is a business concept in which an Amazon seller does not store their product inventory and instead sends their customers’ orders to the manufacturer or supplier directly.
- Amazon’s handmade sellers are individuals who make their things to sell on the Amazon marketplace. Jewelry, accessories, home decor, and other items are examples.
2. Once you’ve decided on a company plan, you’ll need to choose a fulfillment method.
FBA is a service provided by Amazon.Alternatively, merchant fulfillmentboth strategies have advantages and disadvantages, so weigh them carefully.
3. Think about the product(s) you will be selling.
You may be ready to launch if you have a product (say, you make your handcrafted things), but you still need to go through this stage to ensure that your product will have enough demand on Amazon.Use a service like Jungle Scout to help you locate things to offer that are in great demand yet have little competition.
4. Apply to become an Amazon seller once you’ve found a product you like.
Once Amazon has validated your information and approved your application, begin sourcing your product(s). If you’ve chosen to offer a private label, you can identify a manufacturer using Jungle Scout’s Supplier Database.
5. Last but not least, make your product listing.
And once you’ve created your listing, you can start increasing your Amazon sales by selling more products.