Amazon, being the number one choice to shop online, is emerging and increasing the range of its marketplaces day by day. Sellers are now taking Amazon more seriously than they did in past. The reason for Amazon to be the top priority of sellers and buyers is the quality and ease which is increasing day by day to its customers and sellers. Apart from this, if you are interested in becoming an Amazon seller then we would definitely suggest you check the FBA Masterclass.
Easing Seller Policies of Amazon
With easing policies, Amazon has allowed professionals and individuals all over the world to sell their own products as well as products of other brands. Most of the small investors opt to sell products of others instead of selling their own Private Label products. This enables small investors with as minimum as three thousand dollars to start selling and making a profit on the small amounts they have invested.
Amazon Wholesale Model
The above selling model is known as the Wholesale Model, in which a seller gets permission from a brand to sell their product on Amazon. This permission can directly be taken from the manufacturer or main suppliers of the manufacturer in the wholesale markets like Alibab.com, Made-in-China, and DH gate. In this process, products are brought on wholesale rates from the wholesale market, which has tags and other product-related information in the name of the main manufacturer.
The products are then shipped to the concerned marketplace of Amazon through a freight forwarding company that provides services of international shipping. Usually, Amazon sellers provide the final destination of the Amazon warehouses if they follow FBA (Fulfillment by Amazon Model). If the seller is having FBM (Fulfilment by Merchant), then the final destination would be the store address of the Amazon seller or it may be the residential address.
Making High Profits with limited Investment
Amazon wholesale model is the best option for those who have limited investment and want to start selling online. You can have a profit margin of over 40% if you get the right winning product to get started selling at Amazon.
Here is the process of setting a business of Amazon wholesale sellers in any marketplace of Amazon. The three main Amazon marketplaces are the USA, the UK, and Australia. You can get your business started and grow in any of these markets with wholesale with the following process.
Get your Amazon Seller Account- First thing you need is your Amazon seller account. Just go to the Amazon website and click on the START SELLING tab. Just follow the steps you would be asked for on the Amazon seller account registration page. You would be required to provide your identity documents along with your residential address if you are making a personal account and you would be asked for your official address if you are making a professional account.
Finding the winning product- Once you are done with your seller account, the next most important thing is to decide which product would you sell on Amazon. New sellers hire a virtual assistant having expertise in product research and find a product which had high demand from buyers and a small number of sellers in a specific marketplace.
Sourcing of your winning product- Third important task is to find a manufacturer or a supplier of the product you have decided to sell on Amazon from the wholesale markets. The most reliable and trusty wholesale marketplace is Alibaba.com where both wholesalers and buyers are protected from any sort of scam.
Launching the product- it is important to create a product listing with standards of Amazon for your product and go live on Amazon. If your listing would be optimized, then you can make good sales and earn your profit.
The amazing part of growing your business and making profits need your time and consideration. If you don’t have time, then go and hire s qualified Virtual Assistant who will be managing your business.