Are you interested in starting an eCommerce business? The Fulfillment by Amazon or FBA business model may be just what you’re looking for. It’s similar in many aspects to a traditional e-company, however, you don’t have to fulfill your orders one by one. Instead, Amazon stores your products, packs them up, and ships them out to your customers for you.
This way of doing things takes the pressure off you when it comes to dealing with the logistics of couriers, warehouses, packaging materials, and so on. It allows you to focus on building your brand so that the value of your business increases.
Interested? Then keep reading! The following is everything you need to know to start a successful FBA business.
What Is Fulfillment by Amazon?
By choosing to go with an FBA business, you’re giving yourself the opportunity to leverage Amazon’s robust distribution customer and network. As previously mentioned, they will hold your products, provide customer services, and fulfill orders so that you can focus on other aspects of your business.
This can allow you to act as though you’re a big corporation without the headache of being one. It allows you to focus on finding product opportunities and take full advantage of them as Amazon handles the rest on your behalf.
With Fulfillment by Amazon, you still need to figure out the logistics of sending your products in a timely manner, but Amazon ensures that Prime users get their orders shipped to their door within two to five days.
Start by Creating an Amazon Seller Account
In order to get your FBA business really started, you’re going to need to set up an Amazon seller account. You can find where to go by scrolling to the bottom of Amazon’s homepage. In the footer, click on the heading named “Make Money with Us.” That link will take you to another titled “Sell on Amazon.”
Once you’ve clicked on that link, you’ll be prompted to either sign up as a “Professional” or an “Individual.” If you choose “Individual,” you will not be charged a monthly subscription fee. If you’re seeking to build a legitimate long-term business, then sign up as a “Professional.” The fee for being a professional is $39.99 plus selling fees after a first full month free. After you choose what type of business you want to run, follow the onscreen instructions to complete the setup.
Uncover Product Opportunities and Establish Your Private Label
There are several different ways you can utilize Amazon for selling. One of the most popular ways to do so is through private labeling. Through this method, you’ll establish a label or brand, and apply it to the products that you sell on the website.
No matter how you go about selling your items, you must do the research to make sure the process works. You can do this yourself by scouting out the competition, doing competitive analysis, and studying product reviews. You can also investigate utilizing tools that make the research part easier. Compare the Helium 10 pricing with other such software. Look at the pros and cons to determine if you need the extra help.
Although it can be tough to start an FBA business, since you’ll need capital and research, the effort isn’t as nearly as much as you’d expect. It’s not nearly as intensive as a traditional eCommerce company. Once you have your business off the ground, things can get even more overwhelming. Take advantage of all the resources you can find to help your business grow and succeed.