M any people are looking to piggyback on the success of Amazon, creating either a side hustle or an entire company for themselves. One of the most popular options out there is Amazon FBA, which allows for a high level of ease and convenience. If you find yourself wondering how to start Amazon FBA or how much money do you need to start Amazon FBA, continue reading for our expert advice as Amazon marketing consultants.
An Understanding of Amazon FBA
First of all, you will need a deeper understanding of Amazon FBA, which stands for “fulfillment by Amazon.” This means that you can make the most of both the customer base and the distribution network of fulfillment centers that has been steadily built by the company. Essentially, you can choose which products you would like to sell and Amazon can take care of the rest. There are plenty of major advantages out there, including freeing up your time to focus on the rest of your business-based tasks. Not only that, but there is Amazon FBA’s quick and free shipping, plus its exceptional level of customer service to factor into the equation. There are plenty of growth opportunities out there to increase your profit margin and lower expenses than you would normally expect in other ecommerce store situations. Depending on your products and marketing, you can expect to make anywhere between tens to thousands of dollars.
An Amazon Seller Account
It may already be self-evident, but you will need an Amazon Seller account before you can get started. You will be able to do this directly via the Amazon website. You will have to decide whether you would like to set yourself up as an Individual or a Professional account. The first means that you will not have to pay a monthly subscription fee, but there will be limitations placed on the account. The second gives you more options, but you will have to pay a monthly fee. If you are just starting off on a casual basis, an Individual account may be just fine, but a Professional account may be better for serious business owners.
A Niche Set of Products
You are obviously not going to be able to start selling everything under the sun straight away. First of all, you should try to work out a niche. This means starting off by considering the sectors in which you are most knowledgeable and passionate. To begin, it’s better to be specific and over time, you can then start to expand your shop as it hopefully becomes more successful. If you choose an area that you are interested in, it’s much more likely that you are going to sustain the level of passion that is required to be successful. If you are looking for a bit of inspiration, some of the biggest and most popular sellers include books, jewelry, pet products, and baby items.