Why Sell on Amazon?
Amazon is a center of help for sellers worldwide, which ensures the extension of marketing opportunities. The company offers not only the platform for the sellers to sell their items but Amazon themselves gives high-quality services to support the vendors as well. Vendors who join in with Amazon have increased their sales and have found new customers through selling with the company.
Dealing with low sales independently is tough, especially for small businesses but worry no more because, with Amazon, there can be various solutions to improve your sales. On the platform, you can sell almost everything together as well as books and music, but because they also value the consumers, they always make sure that what you sell is safe and the best.
These are just a few reasons why you should be joining the Amazon Seller community, think about it as a start to grow your business most easily by signing up with Amazon online.
What To Do As A Seller?
Creating an account is done by going to Amazon.com and clicking the sign-up icon then going to the create your amazon account and filling in the blanks, remember that you need to use an active email account so you could create an account successfully and you can also use it to get an update.
The next step is to put all your business information that is needed, it includes your business and contact mobile address, mobile or telephone number, chargeable credit card, and identity details. On the website, they also provided FAQS and you can also email or call them if you have questions, it is still better to ask queries first so you could also understand better before joining.
In making an account to become an Amazon seller take note that you also need to choose your selling plan, First the individual plan which you’ll pay 0.99 dollars every time you sell an item, I believe it’s not that bad for you because for sure you’ll make a lot of sales with Amazon. Another plan is the Professional plan that will cost you 39.99 dollars no matter how many items you will sell. For the two plans that I mentioned, Amazon also collects the referral fee on each sale which is a percentage of the total transaction and varies by category of products.
What Do You Expect As A Vendor?
On Amazon, there is also Seller Central where sellers can sign in to monitor their sales activity, by this sellers can be assured that they will know everything that’s going on with their product. In there they can also manage the inventory, update pricing, communicate with buyers, review accounts, contact selling support, and even add new products.
What To Keep In Mind?
Try thinking of giving a five-star service to your customers and you won’t be thinking of how much you would need to invest. An entrepreneur should know how to take risks and always think about creative ways to grow the business. Risking with Amazon is bad at all because rather than losing you will gain. So, if you are still hesitating in joining the platform and partnering with Amazon to help you in expanding your market, then you should learn more about Amazon so you could also know how it can benefit you in many areas.
The most important thing to appreciate is that it’s all about supply & demand – the cornerstone of a “free market”.
Supply/Demand states that if there is demand, supply will surely follow… Over-supply brings “prices” down. Under-supply brings “prices” up.
The most important thing to consider is how demand is created/influenced.
Demand is the cornerstone of whether a “product” will sell, and is why the likes of “technology” products always do well online (because people want to ensure they’re getting the latest & greatest components).
Therefore, when considering what to “sell” on Amazon, you’re basically looking at which products have demand and are under-supplied. The supply situation may not be indicated by high prices, but people will generally either hold back on “non-essential” purchases, or ask for variations of provided solutions.
The important thing to consider is that most people are focused on “supply” (typically over-supply), such as you’d see from products which either have a lot of buyers or a lot of vendors (“smartphones” being a prime example).
By selling a “me-too” product, you may get sales but you’ll almost invariably have no profit. In my own experience in the “tech” space, profits are minimal because volume is so high. Contrast this with the likes of furniture where volume is relatively low, profits can be much higher.
The point is that the “price” you achieve on any of the modern platforms is heavily dependent on the quality and veracity of the solution, rather than whether other companies are already offering it.
CLAIM TO FAME
The Retail and grocery industry is a perfect example of an industry permanently changed by Amazon, and what they’re most known for. However, to start with, Walmart ($WMT) has just about three times the annual revenue of Amazon, so it’s not like Bezos and Co. have come to dominate the retail industry, but they have certainly made a dent. One could say that they’ve disrupted the industry.