How to start business with Amazon

 

How to start a business with Amazon

                      We all know the story of Jeff Bezos and the Blue Origin Company — he is a visionary who saw that the space transportation industry (and thus, humans) could change the world for good. However, after starting up the company, many mistakes were made and even his own life was threatened by critics who didn’t like how ambitious he was.

                Fortunately, now very smart people have come into his position and turned this brilliant idea into reality. This way, he has left the company in total safety because everyone else now doesn’t want any more threats to their ideas and goals. So there are tons of great tips to make it easy for you to get started on your own business with Amazon.

Choosing Your Product

               There’s no doubt that every startup out there is different, but we will choose one product that we find really interesting, but also have a huge base of customers who love what they do and would definitely recommend it to someone. Here are a few examples (and yes, Amazon as well) that I think would be perfect for our future reviews:

            We will talk about pricing later, but let’s start with this one. In case you don’t already know, Amazon’s Prime is an extremely cheap service for companies who want to sell their products, right? Basically, it’s free. Of course, you can also create a Kindle Unlimited account if you want to.

            You also can choose from different merchants as well (for example you can select Amazon Essentials or Prime Video). The cool part is that once you decide what to sell, you only have 6 months to invest in building your brand and launching your product.

How Much Will It Cost To Sell The Products?

            There’s no point thinking about prices because Amazon isn’t cheap and you’ll have to pay for them. If you want to keep your costs down, then use these suggestions below as well:

         We won’t dive too deep, so just note that when you look at the price comparison page, try looking only at products that are listed at 0.25 euros or less (if it’s not on sale, they probably wouldn’t be recommended to anyone, and people would rather avoid buying those products). As well, we won’t tell you how much shipping cost or other expenses will be (unless the price of the item is close to $10, then it should take a fraction of the price).

              The best advice for this is to look for items that are priced between 2 euros and 10 euros, and for the bestselling ones, go to sites such as eBay, Google AdSense, etc.

               It’s important to note that, unlike online stores, Amazon Prime is actually a paid membership service. Therefore, it will depend on how big the customer base you have. For example, say your site has 500,000 users and your average order value is €100.

                 Then, you will need to charge an extra 50% of the price (or 1,999 EUR for a small quantity of $50), for which you will receive a special offer. This means that while we won’t actually tell you how much you will pay upfront, we will help you estimate how much you will receive from sales.

How Many Customers Do The Purchased Items Reach Once Shipped?

              One of my favorite things to mention is how quickly customers receive the purchased products after receiving them. They should be delivered within 24 hours and this is mostly true. Again, Amazon Prime gives you a 60-day delivery policy. Meaning that since you don’t have to pay for shipping, you will get a 100% refund if you cancel the subscription (and you will lose a lot of money if you wait too long).

How Often Is A Set Price Reached?

             Amazon Prime offers a very low minimum payment rate. Most products go for 0.99% (or less, depending on how much you sell and how much you intend to spend). There are some exceptions, for example, most books come with zero to three pages of content (usually you will only see 4–6 pages in a book, which means you might only get 1 e-book or 3 e-copy) instead of 5 or six pages.

               Also, you will only get 40GB of storage on Amazon Prime and the rest of your orders will either end up sitting in S3 somewhere for years, or you will have to delete them. This means that you will only receive payment for a limited number of transactions. And on top of that, you will have to buy a minimum amount of packages to cover each order.

              So, it may look quite tempting if you have a large number of orders, but keep in mind that you will have to pay a price that will lower the chances of you getting back what you spent. Lastly, you can still get your rewards if using your Amazon prime will bring money in the form of referrals. These are just some facts and statistics.

Is Payment Processing Fee Included?

            There is a credit card processing fee which will cost roughly $1 per transaction. In case you do not intend to spend less than 0.2% and you want to keep your costs down, then this should be included in the purchase price or at least will have a fixed fee. On the other hand, if you have a very low percentage rate that does get you paid instantly, then this fee will be excluded completely.

How About Shipping Charges Or Taxes?

            It’s common knowledge that handling your purchases shouldn’t be as complicated as handling the shipping. You should always calculate the tax or shipping costs and make sure that you don’t accidentally overpay for something you did not intend to do (e.g. you should never give away money that you cannot afford to pay).

                  All these requirements should be done before paying off the money. Otherwise, Amazon says that you don’t receive protection from taxes if you pay upfront, so we can assume that you won’t have to pay any commission. The same goes for shipping; they don’t provide much information so you need to figure it out yourself.

Which Keywords Should Be Used In SEO Campaigns?

               Amazon will probably suggest various keywords (e.g. “Amazon Fresh”, “Amazon Choice”, “Buy Now, Pay Later”, etc.). You can learn more about them here. However, most people probably use terms like “Bulk Order” because it sounds straightforward and simple but sounds very effective. Don’t worry too much about being specific, but focus on what sort of product your business sells.

                  Did you know you can set up custom HTML template templates for your website? Simply add content, images, videos, fonts, and CSS. It doesn’t matter that you can edit everything with WordPress tools if you’re going to put it live on the web (because if you won’t want people to look at it, they won’t be able to see it either).

               We could go on and on, but we will save this blog topic for another time. Thanks for reading! Keep following us on Facebook – and on Twitter – for new updates.