Starting your Amazon business is a very attractive prospect. You get to sell your products without worrying about shipping, handling or storage. You only have to focus on selling. Starting your Amazon business is not that difficult once you figure out how to find products to sell on Amazon. You can actually start your business in just a few weeks, with as much as a few hundred dollars. All you have to do is go through the following steps:
1.Finding the right product
This is actually the most difficult part, and needless to say, the most crucial. Making the right choice in this regard will be what makes or breaks your Amazon business. The best way to achieve success is to spend some time researching and figuring out how to find products to sell on Amazon. You can do this using your own deductive abilities and insight, which is perfectly valid, or you can speed up the process even more by using software tools specifically designed to help you evaluate products and niches on Amazon.
One such tool is the AMZScout Pro Extension, which allows you to “look under the curtain” of any page on Amazon, and get all the possible information you would need in order to assess a product idea.
When it comes to deciding which criteria is most important to consider when choosing the type of product you would like to sell, there are a few that you should consider the most:
- The properties of the product – If you are just starting out, you would want to avoid anything that is too large or heavy. It’s also best to avoid a product that has moving parts- electrical, mechanical or otherwise. You want a simple product that is compact, simple, and sturdy.
- The price – You would want a product that is priced above $20 so that you can expect to have decent margins after you pay all of the Amazon fees.
- The sales/demand – You would want to have a type of product for which the average revenue on the results page for that search exceeds at least $3,000.
- Customizability – If you are to start selling a certain type of product, you need to make sure that you can customize it. You should be able to use any feature that can be added, be it in the form of design, functionality, or material that can give you a way of standing out from the competition.
- Competition – The niche you wish to sell in has to have a good balance between the number of sales, and how prominent the competition is. You can see that by looking at how many reviews products on the top of the search have, as well as their rating. Or you can get a more insightful and detailed breakdown by using a tool like the AMZScout pro Extension.
2. Finding a supplier
After you have figured out what type of product you want to sell, the rest of the process is pretty straightforward. The next step is to simply go to a platform such as Alibaba.com and start contacting suppliers that manufacture the type of product you are interested in. There are a few factors to consider as well:
MOQ – The minimum quantity you can order to be manufactured for your first shipment.
The price per unit – You will have to ask your potential supplier to give price quotes both on your first order, as well as larger orders that you may be making in the future, as these may affect the price.
The ability to customize your item – You will need a manufacturer that can manufacture the product based on your specifications and design, as well as product packaging.
3. Getting a sample and testing it
Once you’ve found a supplier that meets your requirements or several of them,you can ask for prototypes or samples. You should carefully inspect them and do some stress testing to see how hard they are to break or tear.
4. Create your Amazon account and your listing
After you have your final product and supplier chosen, you need to create an Amazon professional seller account. The process is really simple, and once it’s complete, you can create your product listing. Once you have a listing, you can create your shipping plan and start manufacturing your first batch of items to be sent into an Amazon FBA warehouse. You can work on the details of your listing while the inventory is on the way. The important thing is that you have some kind of a listing to be able to generate the shipping plan.
5. Start selling
That’s it. If you go through all of these steps, you are an Amazon seller! As you can see, the process to get there isn’t complicated. What matters is good decision-making and educating yourself along the way. Good luck!