THIS is how to sell on Amazon FBA in 2021! If you're ready to create financial freedom, this step-by-step tutorial is for you.
Join the FREE Amazon FBA Training & Learn How To Make A Full-Time Income Online:https://bizwebjournal.com/amazontraining
Amazon is the world's largest online retailer. Due to the pandemic, shopping online is becoming increasingly popular. As a result, Amazon has become the go-to place for everyone's shopping needs.
My goal is to help you start selling on Amazon so you can build a successful online business.
If you're ready to quit your 9 to 5 job and create financial freedom, make sure to watch this video. I have got a lot of juicy knowledge to share with you. So let's dive right in!
How To Sell On Amazon FBA For Beginners in 2021 – Audio file |
How To Sell On Amazon FBA For Beginners in 2021 – Video transcript |
Hey guys and welcome back to my channel. In today’s video I would like to go over how to sell on Amazon FBA as a beginner, so be sure to watch all the way through so you don't miss any of the important details as we do have a lot to cover.
Now, before I hop into this video, if you are new to my channel you're going to want to subscribe as I talk about the best ways to make a full time income with Amazon FBA and always get straight to the point.
So please consider subscribing and turning on your post notifications if you like channels that don’t waste your valuable time, with that said let's get right into this video.
Now, Amazon is a popular platform for both sellers and shoppers. To cope with the rising demands of the sellers it has rolled out its FBA service.
This service allows sellers to leverage the platform’s powerful distribution network and customer base to make their business dream come true. For retailers, it’s the most popular choice of platform.
FBA stands for “Fulfillment by Amazon” which means Amazon will store your products in the Amazon inventory, fulfill your orders, and offer customer service.
If you want to use the Amazon FBA service you will have to create an Amazon seller account and add FBA to your account. It’s important that you set your business up in compliance with the guidelines on the website.
In short you will have to create your product listings and inventory or integrate your inventory data into the Amazon platform. Prepare the products to be delivered, and send your products into Amazon warehouse.
When the customer places orders, Amazon FBA will fulfill the orders and send all necessary shipping and tracking info to the customers. 24/7 customer service is available for both sellers and customers.
As a seller, you will be free from the processes attached to inventory, packing and shipping orders. This system means it’s quite easy for you to get started.
Amazon’s robust FBA model supports and allows you to scale your business globally too. Plus you qualify for the Amazon Prime program, and that will give customers unlimited free two-day shipping or free one-day shipping service.
The Amazon FBA fee is rather cost-effective compared to other order fulfillment centers. What’s more, you are allowed to sell on different channels with the Amazon FBA program. You can sell on eBay, your ecommerce store and other market places besides Amazon.
So how much money do you need to start selling on Amazon? This depends on a lot of different factors but even if you have a small amount of money, you can source some products and start an Amazon FBA business.
You can start with an individual account and then upgrade to a Pro account when your sales start to grow. Finding profitable products is the key and then reinvesting your profits.
Now, how can you start an Amazon FBA business? Let’s go into this in detail and let me walk you through all the vital steps to become a successful Amazon FBA seller.
But before we move on. As you can already see, there are a lot of steps involved in building an Amazon business. I wouldn't recommend piecing together everything that I am sharing with you today by simply watching videos on YouTube.
This is why I suggest investing your time in a great free training that can guide you through this process.
I started with the Marketplace Superheroes training. This is a step-by-step program that walks you through every part of starting, growing and scaling an Amazon business.
Marketplace Superheroes has helped thousands of people including myself, build 7 and 8 figure per year businesses selling on Amazon.
Now, they have a free training that will build off of what I am talking about in this video so I left a link for you in the description below this video. If you're serious about selling on Amazon, I encourage you to check it out!
So let’s move on and go over the different steps you will need to take to start an Amazon business.
OK, so step 1 is to create a business plan. To start an Amazon FBA business you have to have a plan in place to ensure everything is right on track. A business plan should include your business mission, market analysis, products and services, marketing and sales and financial plan.
There are a lot of things you need to know. You have to research the market, check the trends, get to know your competitors and figure out what kind of products you want to sell.
You will also need to know how much you want to spend on the product sourcing, marketing and promotion. Try to create a rough plan for your business schedule and relevant business activities.
The second step you will need to take is to find your niche. To sell on Amazon FBA you need to find a profitable niche as it matters your success. To have a profitable business, you need to do market research and find relevant trendy and competitive products.
You need to get to know the product trend and study its emotional impact, practical value, visibility and recognition. Try to find the selling point or create a new trendy selling point that could make it go viral on the market. I suggest you do not involve seasonal and fragile products.
Now, the third step on our list is to start your market research. Once you determine your niche you have to verify it on the market with market research.
You will need to keep track of competitor sales over a period of time. Tracking your competitors will give you a more realistic view of the market, niche or segment.
Another idea is to communicate with several suppliers or customers to get to know their sentiments for the products. Once you confirm that the sales numbers are consistent in the market you can take your plan to the next step.
Step number four is to identify your product suppliers. Once you determine your niche you have to find your product supplier. Now there are several ways to find supplier info.
You can find suppliers on Alibaba and other B2B platforms such as AliExpress. So get their contact info and other background info if possible.
You could also search on Google or get in touch with suppliers at trade shows. Trade shows are a great way for you to have a brief communication with the supplier and get to know their products. Try to avoid scammers and identify the best ones.
Get to know the sample products, the price, the minimum order quantity , the order limit, product quality, shipping charges and their capacity.
Try to figure out the payment options and the payment terms for your quote. Find the best one for you, you need to narrow down your options based on your requirements. And always order samples so you can see the product quality.
Moving onto the next step which is to place your orders. Once you have chosen your supplier you will need to place an order.
Normally, the first order should not be large. You can place a small order and use it to test the market and get relevant feedback from your customers.
Remember to stay in regular contact with your supplier to avoid misunderstandings and get product manufacturing updates.
Product quality inspection should be in place when you place an order. Try to inspect the raw material, processes in the production line, and the finished products before shipping.
Now it’s time to register an Amazon Account. There are two types of accounts available, individual seller or pro seller. The former cost $0 per month but you will be charged about $1 for each item you sell on Amazon.
The Pro seller includes more features and charges $39.99 per month. You can choose the account type based on your business budget.
When your account is set up you will have to create product listings to add your items on to the platform. There are many parts to creating your listing.
You have to include clear and high-resolution images. Make sure your products are “Prime eligible” and enjoy the free shipping options for prime members.
If you do not have many items you can list them manually. But if you have many items you can upload a spreadsheet that contains each of your items. Try to provide enough info about your products and make your product listing appealing.
Step 8 is to manage your inventory. As an Amazon FBA seller you have to pay special attention to your inventory. Inventory levels are extremely important.
If you see that the item is going to run out of stock try to manage and replenish your inventory properly. It is imperative for you to ensure you have enough to sell and keep your product inventory in order so you don’t lose any sales.
Your inventory level will decrease automatically on Amazon as orders are placed. Ensure your inventory level will be updated regularly to show the availability of the item on your product listing page.
The next step will be to follow up with customer reviews. As we know, customers are likely to refer to the feedback left by other buyers who have bought the item before.
Amazon customer reviews are important for your business. It is the credibility that you’ve built among your target customers.
These testimonials are social proof for your business and products. As a result, you need to follow up on the shopping experience of the buyer so that they leave their feedback.
There are many ways to do this. You can write emails to your customers to get to know their comments about your products and services and you can build social media accounts and try to get customer feedback on your social media platforms. Always try to get more positive feedback to increase your sales and conversions.
The last step is to optimize your product listings. Try to monitor your sales performance and get to know your business within the market. Optimize your product listings to increase website traffic and boost sales.
Optimization should be a continuous process for Amazon sellers. Start with the keyword. Research and find relevant keywords and insert them into your product titles, features and descriptions. Try to leverage the Amazon algorithm and make it work for your business.
The relevancy of the keywords of your products matters to your product visibility and sales. You can use Google Keyword Planner to help you identify the keywords of your products.
Images are important too. You are allowed to use 5 to 7 images of the product from different angles and contexts to display the size, feature and designs of your products. Try to make your images clear and appealing to customers.
When it comes to the product features always display the most important info that the customers want to know. Put yourself into the shoes of the buyers, show the value of your products and include the warranty and guarantees of your offerings.
For the description part, try to use compelling language to tell your story. Keep the sentence short and simple and make sure it can be easily understood. If possible, use Call-to-Action words or phrases to boost sales and increase conversions.
For Amazon FBA beginners there are a lot of steps involved to start your own business. However, I hope the tips I gave you will help you figure out the process of running your own Amazon FBA business.
Thanks for watching and please make sure to watch the next videos with more Amazon FBA tips that will show up right about now.
