Do you want to dive into the world of e-commerce? If so, you can take benefit of Amazon’s FBA model to become an online seller. The FBA, or fulfilled by Amazon, is a trending term in the world of e-commerce. Amazon FBA business refers to a setup where sellers can choose the products they want to sell, find a supplier, and ship their inventory to Amazon, where everything is managed to make business operations smooth. It is the right choice for anyone who wants to start with a small budget and build a business successfully. But if you are wondering how to get started, don’t worry! In this post, we’ll share a proven process to start an Amazon FBA business. Let’s get started.
Step-by-Step Guide to Start an Amazon FBA Business
When you have a well-planned strategy, starting an Amazon FBA business is not complex. Here we are sharing a well-established and proven guide that may help you -
Step 1: Set Up an Amazon FBA Account
The first step to becoming an Amazon FBA seller is opening an Amazon selling account. You can choose either an individual plan or the professional plan. Here’s the difference –
Individual plan – It has no subscription fees, but there will be fixed sales fees per item.
Professional plan – You will have to pay a fixed monthly subscription
Pro tip – If you sell more than 40 items per month, you should go for a professional plan.
After making the account, you can pack and ship the item to the Amazon facility, and they will manage the storage, shipping, and customer service.
Amazon fba hybrid
Step 2: Market Research
The next important step is doing thorough market research. Good market research helps you understand the current market and pricing strategies so you can choose the right products. Some important tips for market research are –
- Choose products aligning with your interest or that you are passionate about.
- Check out the Amazon best seller rank for products.
- Avoid competing with strong competitors
- Create a USP for your product
- Decide a price range
Step 3: Prepare an FBA Business Plan
After completing the research, you should make a sound FBA business plan. Like every business, planning is important to prepare for the future. The FBA business plan should cover the following –
- Business profile and description
- Financial projection
- Description of the target audience
- A well-established budget
- Infrastructure and resources required for running the business
- A plan for business operation
Step 4: Source Products to Sell
After choosing the product, the next important step is establishing a supplier. Amazon does not help sellers in sourcing, so it is the seller’s responsibility. The top ways to find a supplier include – online listings, trade publications, and trade shows. You can also explore the various digital wholesalers or pick local suppliers.
Step 5: Packaging and Shipping
Amazon handles the storage and shipping of products. But before that, it is your responsibility to get your inventory to Amazon automation stores. Amazon provides shipping labels and packaging instructions, and all the products should be labeled with an Amazon-provided barcode.
Packaging Service
Step 6: Marketing and Advertising
Your products are listed on Amazon, but if you want to earn a profit, you must put efforts into marketing and advertising to spread the word. The tips for preparing a marketing plan include –
- Use Amazon listing wisely, describe the item and use keywords in it.
- Use high-quality images in the listing
- Use proper keywords to get your item found in searches
- Think of some ideas for focused advertising
The Final Word
As online shopping is gaining immense popularity worldwide, starting an Amazon business is a great idea. We hope this post help you start your business so that you can reach the heights of success and expand your business. If you don’t want to waste your time learning about the different aspects of running the Amazon business, you should hire the best Amazon automation services. Ascend Ecom offer Amazon FBA automation services to build, operate, and scale Amazon FBA businesses. With a unique hybrid model and fulfillment strategies here, you’ll get the required guidance from professionals to boost your business growth. So, take the benefits of automation services and build your Amazon FBA business successfully!
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