With a record net income of $21.33 billion in 2020 and up to 84% growth from its previous years, selling products on Amazon surely is a great way to make a profit in today’s world!

While Amazon has always been trying to make it easy to sell items through their website, many people still don’t know the right steps to succeed on the platform.

If you want to know how to sell on Amazon, this article will guide you through every step from start to making your first sale.

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Surprisingly, getting your products listed on Amazon is a fairly simple process when you have a solid base.

For that reason, the first step in your path should be thorough market research to find your niche and what products you want to sell on the platform.

Here’s a quick checklist that of all the aspects that you need to cover in your business plan:

Assess the demand on the niche you’ve chosen

Research the pricing and offers made by potential competitors to figure out a new marketing approach

Keep the size of the product you want to sell in mind because shipping and transportation rates will greatly influence your prices

Never underestimate the value of a good business plan, even if you’re already an established seller who knows about your niche’s market.

Making a unique business plan for your Amazon selling career will still enhance your chances of succeeding on the platform!

Step 1: Create Your Plan and Find the Products You Want to Sell

Identify the best product suppliers to maximize your profit margin, such as Alibaba, Sunrise Wholesale, Oberlo, etc.

Ideally, a suppliers check strategy should include the following checkpoints:

Asking for samples of the products, which will also help you gain experience in the product and grow a sense of familiarity with it

Inquire about pricing and comparing them according to the value for money

Negotiate a deal, depending on the size of your order

Checking the batch of products and inspect them for quality assurance before shipping to Amazon

Step 2: Check Product Suppliers and Find the Best One for You

As an Amazon seller, there’s a variety of regulations, codes, and guidelines that you have to stick to in order to keep everything going smoothly and avoid unwanted surprises. Luckily, all the necessary information is found in Amazon’s Seller Central.

Make yourself acquainted with Amazon’s code of conduct, rules of FBA shipping, as well as all fees and costs that are required to be paid as an Amazon seller. Such fees include: 

You can check out Amazon’s pricing guide to find out more about all the updated prices and plans.

Step 3: Find Out More About Amazon Fees, Regulations, and Guidelines

Now that you’ve everything ready to be listed on Amazon, it’s time to create an Amazon Seller account. 

Choose a seller plan depending on the size of your business and the number of products you’d like to sell:

Individual Seller: if you’re selling less than 40 items a month. Has no monthly subscription but costs you $0.99 + transaction fee on each item

Professional Seller: has a monthly subscription fee of $39.99 in addition to transaction fees on each item

After creating your account, make sure that you supply all contact and business information to make your company more legitimate. 

This should also include your company bio, logo, refund and returns policy, warranty information, and others.

Step 4: Set Up Your Seller Account on Amazon

Start adding your products on items on the platform and create separate listings for each different product you have. While creating, make sure that you cover all the essential for a good product listing, such as:

Add the brand and model of the product to the product title

Upload a high resolution and clear image of the item

Make them eligible for “Amazon Prime” to add a layer of security and appeal to customers

Provide a detailed description of the product in addition to all specifications

Categorize the variety of sizes and colors offered

Step 5: List Your Items and Products

You can either ship your products to Amazon’s fulfillment centers so that Amazon handles all the storing, picking up, packing, and shipping of your orders directly to customers for a fee, or have all that done by yourself.

This largely depends on the profitability of both situations and what works best for you. However, if you’re a beginner, it’s much easier to get your products fulfilled by Amazon to skip the hassle.

Step 6: Choose Between Fulfillment By Amazon or By Merchant

Whether you’ve opted for FBA or FBM, it’s essential to always keep track of your inventory and replenish it to avoid going out of stock and missing potential sale opportunities.

The simplest way to keep track of your inventory is by checking the seller’s central dashboard. However, if you have a relatively large inventory, you can opt for good inventory management software to make things easier for you, such as:

Step 7: Manage and Track Your Inventory

Now that your products are on Amazon, your first sale on the platform should happen anytime soon. 

To speed up the chances of your products making a sale on Amazon, here are some tricks that you can implement:

Utilize Amazon Keyword Planner and optimize the product according to Amazon Algorithms 

Reply to questions and follow-up on customers reviews

Add a video explaining how to use the product properly

Create detailed product information sections with pictures and provide the information that customers are looking for in a product

Consider on-Amazon promotions for high competition listings

Step 8: Improve the Appeal of Your Products on Amazon

As you can see, selling on Amazon isn’t a fairly straightforward process and it all boils down to how much research and effort you put into choosing your products and offerings.

Make sure that you’re always in touch with the customers and responsive to reviews and questions to grow your base. 

Additionally, the use of monitoring apps, services, and technology will make the job a lot easier for you, so you can focus on growing your inventory and product variety to make bigger profits. So, make sure that you consider them within your plans for a hassle-free process. 

How To Sell on Amazon: A Step By Step Guide

Mentors who can help you with this:

Theo J

How To Sell on Amazon: A Step By Step Guide

Step 1: Create Your Plan and Find the Products You Want to Sell

Step 2: Check Product Suppliers and Find the Best One for You

Step 3: Find Out More About Amazon Fees, Regulations, and Guidelines

Step 4: Set Up Your Seller Account on Amazon

Step 5: List Your Items and Products

Step 6: Choose Between Fulfillment By Amazon or By Merchant

Step 7: Manage and Track Your Inventory

Step 8: Improve the Appeal of Your Products on Amazon

Conclusion

Mentors who can help you with this:

How To Sell on Amazon: A Step By Step Guide

Mentors who can help you with this:

Theo J

How To Sell on Amazon: A Step By Step Guide

Step 1: Create Your Plan and Find the Products You Want to Sell

Step 2: Check Product Suppliers and Find the Best One for You

Step 3: Find Out More About Amazon Fees, Regulations, and Guidelines

Step 4: Set Up Your Seller Account on Amazon

Step 5: List Your Items and Products

Step 6: Choose Between Fulfillment By Amazon or By Merchant

Step 7: Manage and Track Your Inventory

Step 8: Improve the Appeal of Your Products on Amazon

Conclusion

Mentors who can help you with this:

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