It goes without saying that Amazon seller central has enormous opportunities for online sellers. Amazon Asin provides access to millions of customers on their e-commerce platform. Though in some cases, it becomes tricky to navigate the platform, more so if you are new to this. Keeping these things in mind, there is a comprehensive guide in place that enables you to make the most of the Amazon central platform. It is a crafty Amazon book and with all the information available, the best of the business is included there.
The Amount Of Capital That Is Needed To Set Up Amazon Central
The answer to this question is dependent upon a couple of things. Where you are planning to source the products and the type of shipping methods that you are opting for. When it comes to procuring inventory, there are three methods that are normally used.
- Manufacturers – You may get in touch with the main company itself, buy the products at wholesale prices and then sell them on Amazon at a profit, or it can be any other channel. Such an option would require some form of investment, as companies are keen to do business with those parties who deal in enormous volumes. You may even get in touch with the suppliers to purchase inventory.
- Retail outlets: This is one of the popular ways of doing business on Amazon Seller Central. You can go over to a retail store, purchase items, and then sell them at a retail price on this platform.
- Developing your own brand: You are likely to design and develop your own products, as you can get them manufactured. The responsibility lies with you for branding, quality testing, along with other operational aspects, before the hit targets the market. The profit that you will make will be all yours, as the manufacturer has no right over the brand. Such a method is also termed “private label” as it is a preferred option by the sellers.
Keeping these things in mind, your inventory cost would be in the range of $200 to $800, which depends upon the product choice and the business model. Add the Amazon monthly selling fee of $39.99, which includes product photography, shipping fees, branding, and other expenses.
Depending upon all these things, you can start your business on Amazon with an initial investment in the range of $350 to $900. The number is bound to vary from one person to another person, and it is going to vary across product categories. It is something that may be used as a benchmark for your further calculations.
The Types Of Products That You Should Be Selling On Amazon
Understanding which products that you need to sell on Amazon is a challenging task in itself. In fact, you need to be spot on with your market research and choose the perfect product that complies with the following guidelines:
- moderate or low competition.
- excellent margins
- light in weight and small in size.
- A steady demand is expected throughout the year.
- You will not suffer from any form of seasonality.
- is in a position to do 10 units per day.
A point to consider is that you should not opt for a product that has a saturated market. You are going to have a tough time competing with the well-established players, and it would be really difficult for you to provide the much-needed visibility for your products and increase sales.
The product that you need to choose should be based on careful consideration and research. It should not be that you will be blindly jumping into the market. Each and every decision that you make with Saras Analytics is driven by logic and facts.
More About Amazon Seller Central?
Amazon Seller Central happens to be an online platform that would enable anyone to become a seller on this platform. By using online central, you can become a seller where you do not have to worry about other things like payment, the need for maintaining a personal website or processing returns like an e-commerce store. If you are really planning to sell on Amazon, then your journey starts at Amazon Central. There are no two ways about it.
Coupled with the Amazon fulfilment model, the path to becoming an Amazon seller has never been an easy one. You just need to send your inventory list to Amazon and they will take care of the rest. Hence, it is suggested that you do take some amount of time to understand the intrinsic details of how to become a seller on Amazon central. The efforts that you will put in are bound to be worthwhile down the road.
Deciding On How You Intend To Sell The Products On Amazon?
There are a couple of ways in which you may sell a product on Amazon. Either you can do it by yourself or, secondly, you may choose an Amazon fulfilment program. In the first case, the process would be really simple as you are going to list your products on Amazon. When an order arrives, you can ship it. You have to take care of the processing part and ensure that the products are delivered on time. The necessary infrastructure needs to be put in place so that there are no scaling issues.
When it comes to the FBA model you authorize Amazon to do all the tasks on your behalf. In fact that you need to do is to label and ship the products to the Amazon fulfilment centre and the world’s largest e commerce platform would take care of the rest. The moment you receive an order, Amazon would pick it up and they would ship it to the customer with the support of a well-established infrastructure.
It goes without saying that these features are available at a price referred to as Amazon FBA price. This is a fees that you pay per unit and it would be dependent upon dimensions and weight of the product.