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7 Tips To Start Your Career as A Full-time Amazon Seller

Congratulations! If you are reading this article, you have decided to take the plunge and start your career as a full-time Amazon seller. In this article, we have some tips to get you started off on the right foot.

Amazon selling can be daunting at first, but with the right guidance and a little elbow grease, you can create a successful business in one of the world's most competitive markets.

Here are some of the steps you should take to start your career as a full-time Amazon seller.

1. Research the market

The first step you should take is to research the market. What are the products that are selling well? Which ones have a huge demand and low supply? How much do people pay for them?

If you want to be successful, you need to sell a product that is in demand.

We recommend that you start with a small list of 20-30 products, then narrow it down to 10-15 products after some research. The more you know about the product and its niche, the higher your chances of success.

2. Create an Amazon seller account

You'll need to create a seller account in order to begin selling on Amazon. It's important to note that you cannot use a personal account. You must register with an email address that is not associated with any other Amazon accounts, including personal accounts and any others you may have created for your business. Here are the steps:

Go to Amazon Services and click the Sell on Amazon button.

Select the type of account that is right for your business.

- Individual: This option is best for someone who wants to dip their toes into selling on Amazon and doesn't intend to list more than 40 items a month. You pay $0.99 per item sold, plus other selling fees.

- Professional: This option is usually best for sellers who are serious about growing their business on Amazon and lists more than 40 items a month. You pay $39.99 per month, plus other selling fees.

3. Select a product

Successful sellers understand that selling on Amazon requires a strong product selection and growth strategy. Choose a product related to your expertise or passion.

When you launch your business on Amazon, you’re signing up for a career as an entrepreneur, but also for one of the most competitive online marketplaces in the world. And with stiff competition comes the need for a sound strategy as well as an innovative product. Here are some points worth noting:

- Start with a niche:

Amazon is an immense marketplace, so you’ll need to define your niche and focus on selling products that are relevant to that specific audience.

- Research your competition:

If you find yourself competing against big brands on Amazon, you may want to reconsider your product choice. Why? Well, if there are already well-established sellers offering the same product, it will be hard for you to stand out. In order to avoid this, you’ll want to do some research into how many competitors are offering similar products and how they are being received by customers.

- Think about scalability:

Before choosing a product, you’ll want to ask yourself whether it can be scaled and still generate profit. Remember that Amazon charges fees for every item sold, so if your margins won’t allow for this, you might want to consider choosing another product or adjusting your pricing model accordingly.

4. Price your product

Pricing your product is an important factor in determining the success of your business. You need to know what other sellers are charging for similar products, and you also need to make a profit.

You can price your products by finding out how much it costs you to make and buy your product, and then adding a mark-up percentage to determine the selling price. Make sure that you're taking into account all of your expenses, including the cost of materials, shipping, and labor.

If you really want to step up your Amazon pricing strategy, we recommend you to read this guide, https://www.zonbase.com/blog/amazon-pricing-strategy-guide/

5. Purchase inventory

You need to bring in enough inventory to make sure you don't run out of product. If you run out of product, you won't be making money. However, you also don't want to bring in too much inventory because then you'll have a major cash flow issue.

You want to find a happy medium between having enough inventory on hand to meet demand and not having so much that it's tying up your cash flow.

6. Launch your product

After you've done all the research and prepared your product, it's time to launch! Once the listing goes live, it will be a rollercoaster of emotions. You'll be nervous, hopeful, and excited, and then you'll probably start to worry. That's normal!

Give yourself some leeway in the first few weeks. It's unlikely that your listing will shoot straight to the top of the search results without any reviews or sales history, so don't expect massive sales right away. Start with a small batch of products and monitor how they're doing once they're live. See if you need to make tweaks to your pricing, product description or keywords after your initial launch.

Launch more products over time. The more products you launch and sell on Amazon, the easier it gets. Once you have a good understanding of how the process works and what sells well on Amazon, you can scale up your business.

Take note of the strategies below to help with a successful product launch:

  • Create a Product Landing Page
  • Send Out Press Releases
  • Set Up Social Media Accounts
  • Get Your Product on Social Discovery Platforms
  • Use Promo Codes

7. Manage your accounts

Finally, after getting approved and creating your product list, the only thing left to do is manage your accounts. This means that you should check your accounts every day, see how your products are doing and how much profit you are making. You should also set aside some of your earnings for future tax reports.

This is an important step because it will help you determine when you need to buy a new batch of inventory or if there are other things that need to be improved.

Keep in mind that the more time you spend managing your account and working on improving the quality of your products and listings, the more sales you will get.

With all these tips on hand, you can start selling on Amazon and make a living out of it!

 

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