Are you thinking about becoming a part of the biggest online store in the world?
Every day, hundreds of millions of people visit the Amazon Marketplace to shop for anything from gaming consoles to pegs for a clothesline. It truly is the everything store and a place that anyone can use to start an online business.
But where do you start? Is it as easy as opening a profile and posting your product? Unfortunately not. But don't worry, you can find everything you need to know about how to sell on Amazon right here.
What Can You Sell on Amazon?
Amazon advertises itself as the everything store. It contains a collection of normal, everyday products in addition to quirky items that you'd only find if you browse for long enough. There are over 20 different categories to choose from, with some of the most popular including:
- Computers and electronics
- Kitchen and dining
- Automotive products
- Clothing and shoes
- Books
- Toys and games
- Lighting equipment
- Baby items
- Home improvement objects
- Beauty products
How Much Does It Cost to Sell on Amazon?
Sadly, selling on Amazon isn't free. There are some fees you'll need to pay to advertise your products on the platform. Some of the most important ones to be aware of are:
- A monthly subscription fee of $49.95.
- A commission fee depending on the type of item you sell. For example, 6% for computers and video game consoles, 7% for baby products, 9% for kitchen appliances, and up to 15% for many other items.
- For media items like music, books, and software, you'll need to pay a closing fee of $1 for every item.
- Amazon will refund commission fees in the instance of a return, but there is an administrative cost that is either 20% of the item's price or $5, depending on which is lower.
How to Get Started Selling Products on Amazon
Thankfully, Amazon has made it easy to set up a seller account. If you're already a customer, this account will be separate but will require a lot of the same information as well as some additional details to verify who you are.
Signing Up
Start by signing up for a seller account. You can find this option on the home page in the menu. It will be listed as sell on Amazon.
Create an Account
In this section, you'll need to have some information handy. Amazon will want to know your business name, address, contact information, phone number, and tax information. You'll also need a credit card that can be used for international purchases.
What Will You Sell?
Amazon will want to know more about the products you intend to sell on their platform. You'll need to let them know if they'll have Universal Product Codes and if you manufacture them yourself. There is also a question over how many different types of products you plan on listing in the marketplace. If you're not 100% sure, you can skip this part and move to the next section.
Verify Your Account
After you've submitted all your information, you'll need to wait for a consultant from the company to get in touch with you. They'll verify all your details and confirm that you can sell products in the marketplace.
Sell on Amazon
Finally, you can start creating your product listings and selling items on Amazon. There are dozens of third-party providers you can use to optimise your listing. You can use our integration with our Shipping Manager to streamline your Amazon orders and ship with ease. You can even include plugins to accept payment from international buyers. If you plan to advertise to overseas sellers, just be sure to utilise a program that will give you the best exchange rate before it hits your bank account.
Why You Should Sell on Amazon
There are several reasons to consider selling on the Amazon Marketplace. For starters, you're leveraging a globally recognised brand that is visited by millions of people every day. Customers trust it, which means they'll believe you're legitimate if you're selling products on the platform. This is something that can take months or years to earn on your own.
But the best part is that it's easy. You can set up an account and have a product listed within a day. It's also a relatively small cost to pay when you do not have to worry about marketing or payment fees.
If you're looking to get an online business up and running for a new revenue stream, then starting an Amazon business could be the right move for you.