Things to do before you start Selling on Amazon
In this blog, we cover the most important tips and things to keep in mind before you start your selling journey on Amazon.
Get an Amazon pro-Merchant Account:
One of the eligibility requirements to win the Amazon buy box is that you need to have a Professional Seller account or Pro Merchant account. About 80% of the sales for an amazon listing are made by people clicking the buy Box. It is more important for the new sellers as they need to generate sales and revenue at the initial level to develop ratings and reviews.
Have your documents ready when applying for an Amazon account.
- Photos of a national ID like a passport, of the Drivers' license
- A Bank statement with your address on it. Scan these documents and keep them ready.
Pick your Amazon business model
When you are starting to sell on Amazon, you need a business model of sorts to function. The most popular ones are drop shipping, private labelling, retail arbitrage and wholesale selling. Each of these models has its pros and cons. you need to weigh them carefully and pick the one most suitable and relevant to your business.
Get a credit card or Debit card
When you sell on Amazon, there are some fees that you need to pay, and for that amazon requires you to have a credit or a debit card. If you do not own any of these, there is another way out. With just a prepaid Visa and a PayPal account, you can open an Aliexpress dropshipping store. But for a serious long term business commitment, you will eventually require a credit or a debit card.
Figure out a plan to manage your cash flow
You need cash (money in the account) to manage the orders and if you are a new seller, and you are getting more than expected order, you need a substantial amount of money at your end because, for new sellers, amazon holds the money for two weeks. So you can either use the money you have or take the help of a credit card.
Check if the category you want to sell in is restricted.
There are some categories of products that are restricted and you need to apply them before you start selling in them. Some categories like clothing and accessories have easy requirements, but others like food and grocery have much stricter requirements.
Set aside time to manage and grow your business.
Running a new business comes with a lot of challenges and learnings. Make sure you answer customer emails and queries to improve your seller image.
Running a business on amazon is difficult due to stiff competition. One needs to optimize the amazon webstore to come in the eye of the customer
Evantage offers a wide array of services including maintenance of your Amazon website. Right from amazon catalogue management and amazon content management to Amazon SEO, Amazon PPC, image correction, Evantage can manage the operation for you to maximize conversion rate.
Get in touch with us today to discuss your business!