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Perhaps you have already registered your seller account on Amazon, your next question could be…..what am I going to sell? As everyone knows, Amazon sells virtually everything. You could call it the Google search of the eCommerce world. Amazon has 300 million customers and is continually growing. By 2021 it is expected to have over 50% of the entire eCommerce retail market.
However, there are Amazon sellers that have very little to no sales. Some entrepreneurs think that if they like it so will everyone else…not so. Would you believe that something called Poopourriis one of the TOP sellers! After you start your Amazon Seller Account, you begin your search for the product(s) you plan to sell. The research to find “the perfect” product is more difficult than you would think. Think about it….there are millions of products out there that could potentially be “the one”. You could literally spend months trying to find the product that will make you thousands of dollars a month.
It will show you how to quickly find profitable product niches. Jungle Scout has a 14 day risk free money back guarantee. Try it for 14 days and if you find that it does not deliver all that it says it does, they will refund your money, no questions asked. Simply email them to firstname.lastname@example.org to speak to one of the team members. Jungle Scout offers two (2) tools; Jungle Scout and Jungle Scout Extension. The Jungle Scout tool is a web-based research software that you can use to filter specific data to find product listings that meet your criteria. The Jungle Scout Extension operates directly from the Amazon search results to pull data from the product listings on that page. In addition to the tools you have available in Jungle Scout, when you join, you have access to the private Jungle Scout Facebook group where members help each other in the processes of selling on Amazon. Also, after joining Jungle Scout you have access to the Jungle Scout Academy where you learn how to sell like an Amazon FBA pro.
Good luck and happy hunting for the “perfect” product!
When you think about buying something online, naturally your thoughts go to Amazon. Amazon is the world’s most widely used eCommerce site with over 1.5 billion dollars in sales on Prime Day in 2018 alone. They have over 300 million active customers in over 180 countries. Amazon is the retail destination that is the selling platform for sellers of all kinds. From Fortune 500 companies to individuals, everyone thinks of Amazon first.
If you are an entrepreneur that has developed a product or service and want to reach the broadest amount of people, you use Amazon as your delivery vehicle. But HOW do you start selling on Amazon?
Amazon has two selling plans
Amazon’s merchant account uses two selling plans; Individual and Professional. The difference is basically how you pay for your sales. Before you begin your registration, decide which plan will work the best for you. The individual plan will cost you $0.99 per sale, while with the professional plan you pay $39.99 no matter how many items you sell. If you are new to the Amazon Merchant program, I would recommend starting with the individual plan. You can always later upgrade to the professional plan. The same applies to downgrading in plans, if you do start out in the professional plan and afterwards decide to move to the individual plan you can do so from your account. Log on to your account, the first page will be your seller account information page. On the far left side of the screen look for “Your Services”. Click on the manage link to edit your settings for the type on account you have. One word of caution, do NOT close your account….mark the status of your listings inactive. If you close your account you will lose any inventory you may have sent to the fulfillment centers.
Which plan is right for me?
The individual plan may be right for you if;
you plan to sell fewer than 40 items a month
you want to keep your costs low
you don’t need Amazon’s advanced tools or add-on programs
you haven’t decided on what you want to sell
The professional plan may be right if you;
Think you will be selling more than 40 items a month
you would like to apply for add-on products like Launchpad, Amazon Business or Handmade
you want access to advanced selling tools
you are an advanced e-commerce merchant already
What you need to get started
Access to your bank account routing number & account number
A chargeable credit card
A government issued ID (Driver’s license if you are in the United States)
Your tax ID information (either your social security number or if you are a business, your EIN number)
Your phone number
Sometimes they will also request you send a copy of a utility bill verifying the address you list on your application
How much does it cost?
Some of the fees associated to an Amazon Merchant account are;
Subscription fees – These are the fees associated to the selling plan you choose. The individual plan will cost you $0.99 per item you sell. The professional plan is a flat $39.99 per month and no per item fee.
Selling fees – These are fees charged per item sold they include referral fees (usually around 15% of the item’s selling price) and variable closing fees (these apply only to media categories like CD’s, records, ebooks, etc.)
Shipping fees – Amazon shipping rates will apply. they are based on the product category and shipping service selected by the buyer.
FBA fees – If you choose to let Amazon fulfill your orders (Fulfillment By Amazon) there are fees for order fulfillment, storage of your products in Amazon’s fulfillment centers and optional Amazon services see Amazon’s fee schedule.
If you are just starting to sell on Amazon, I would recommend you choose Fulfillment By Amazon (FBA). They will charge you for their services, but the cost if nominal and will save you a lot of work, allowing you to focus on your business.