As Amazon expands, so are the prospects to start an e-commerce business by selling on the platform. Consumers began their buying searches on Amazon in 2021, citing low product prices, free or low-cost shipping, and convenience as reasons for shopping online rather than in-store. More than half of customers shop on Amazon at least once a week, and 67 percent of customers purchase on Amazon for holiday gifts at the end of the year. You can find out how you can setup amazon seller account.
These trends suggest that ecommerce businesses will have a lot of opportunities in 2022. However, if you want to take advantage of Amazon’s massive opportunity, you must first complete the Amazon seller registration process. We’ll lead you through the new process to ensure that your account is validated and that you have an opportunity to establish a successful Amazon business.
What’s amazing about Amazon is that there’s 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 adopt to the things you offer. However, regardless of the type of business model or product you choose, the processes to get up and running on Amazon are the same.
- To begin, decide which business model you wish to employ.
- Private Label: The process of a store rebranding/renaming a product that is already manufactured under their own brand or label is known as private labeling.
- Wholesale: Wholesaling is the practice of buying low-cost or discounted goods in bulk and reselling them as individual units in a retail marketplace.
- Arbitrage (online and/or 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.
- Dropshipping is a business concept in which an Amazon seller does not store their own product inventory and instead sends their customers’ orders to the manufacturer or supplier directly
- Handmade: Handmade merchants on Amazon are those who make their own things (“by hand”) to sell on the site.
2. Once you’ve decided on a business strategy, you’ll need to choose between Fulfillment by Amazon (FBA) and Fulfillment by Merchant (FBM) .
Both approaches have advantages and disadvantages, so consider them carefully to see which one will work best for your company. You don’t have to choose between the two, however. Both FBM and FBA can be used to fulfill orders.
- Think about the product(s) you’ll be selling.
You may be ready to launch if you have a product (say, you make your own handcrafted things), but you need still go through this stage to ensure that your product will have enough demand on Amazon.
4. After you’ve found a product you like you can become an amazon seller.
The next part contains more information on how to complete the Amazon seller registration process.
5. Once Amazon has validated your information and approved your application, begin sourcing your product(s).
If you’ve chosen to offer private label, you can identify a manufacturer using Jungle Scout’s Supplier Database or Alibaba.