How To Become an Amazon Seller with FBA in 7 Steps?
Amazon is the largest online multiple-company shopping platform on the planet. Thousands of businesses, both large and small, compete for clients on it. Thus, it can be tricky to make yourself visible to customers when starting. So, how can a beginner create a source of income through amazon in such competitive times? We asked the same question to Nine University before they gave us the following seven-step process that will help you solidify yourself as a seller on Amazon.
1. Know Your Target Audience
Amazon has many categories that are suitable for different types of products. If you want your product to sell well, you need to pick the perfect niche for you to sell in.
If you have a specific market, you should select a suitable category. You can use the search bar on Amazon to find out what people are searching for. This way, you can ensure that your product is relevant to the customers.
2. Know Your Competition
You can check how competitive a particular category is using Amazon Keyword Tool. This tool allows you to enter keywords related to your product and compare them against other similar products. It helps you determine whether your product is unique enough to stand out from the crowd.
3. Find the Best Products to Sell
Identifying the products you want to sell on Amazon is an important task. You need to do your market research carefully and pick the perfect product. One thing to keep in mind is never to go after a product part of a highly competitive market. You will have a tough time competing with well-established players. It will also be challenging to get that much-needed visibility to drive traffic and sales to your products.
You should also choose your product upon careful consideration and research, rather than just blindly jumping into the market. Every decision you make in your Amazon business must be backed by reasoning and data.
4. Create an Ecommerce Website
You can use a free hosting service like Amazon Web Services (AWS) or Google Cloud Platform (GCP). AWS offers a free tier that allows you to host unlimited websites for free. You can also use GCP’s Compute Engine to create your own server at no cost. However, if you need advanced features, you may have to pay for them.
Choose a domain name that is catchy but not too long. If you want to make money from this site, then the domain name should reflect the niche of your product.
5. Register for Fulfillment By Amazon (FBA)
Amazon Fulfillment By Amazon (FBA) is a service that allows sellers to sell their products directly through Amazon’s website. In addition to the convenience of having your storefront, Amazon takes care of customer service, returns, and shipping. Sellers can choose from different types of inventory including physical items, digital downloads, and even services.
6. Market Your Brand
The next step is marketing your brand and services. No matter how good your denim jacket is, it will not sell if people do not know about it. There are many things you should consider when marketing your brand. Knowing your audience helps in this case because you can directly make content and advertisements for them. Marketing your brand to people who will never buy your product is a waste of money.
7. Monitor Your Business
The final step is monitoring the actions taken by you or your employees. Every action has a reaction and you should try to generate positive reactions to your actions. It also includes learning from your mistakes and reevaluating strategies so they will benefit your business more.
Conclusion
Becoming an Amazon seller is not impossible, but it does require some upfront work. You need to find the best products to sell, build up your inventory, and then promote them effectively.
To take full advantage of Amazon, you should follow the advice mentioned above by Nine University. As you continue on your journey, you will uncover more features that will benefit your business.
