Planning to be an entrepreneur? One of the biggest advantages entrepreneurs starting out today has that they don’t have to figure everything out by themselves. These high-end tech times have come with platforms budding entrepreneurs can leverage to give their businesses the needed push.
No need to create your own website or online store as third-party services could be the foundation of your venture even in the long run.
Undoubtedly, the most powerful platform that is growing by the day is Amazon. From a bookseller to selling everything from toilet paper to animal food, Amazon is the dominant online retailer that streams movies and shows, sells hardware like the Kindle Fire tablet, Alexa and now even has a bricks and mortar retails stores.
Amazon is a strong and innovative company where 50% of sales are made through third-party sellers. It’s a great opportunity for a budding entrepreneur like you as it offers a great platform to sell products on its site. With an active customer base of millions and a brand name that inspires trust, you as a third-party seller can make additional monthly income just by selling on Amazon.
The Advantage of Being an Amazon Seller
- You can leverage the traffic that comes to Amazon.
These are people who are ready to buy. Agreed, not everybody will be in the market for your product but you’ll have an audience ready who visit the site in search for products in your niche.
- You don’t have to worry about setting up an online shopping website.
You just fit your products into Amazon’s system and they are visible to anyone who visits the site.
- Amazon is a trusted brand.
One of the biggest hurdles faced by any new web store is getting prospects to trust them enough to actually buy something. When you operate under the Amazon umbrella, it’s already there.
Make Your Amazon Seller Business Profitable
Things only begin once you become an Amazon Seller and it’s no smooth sailing. To make good money you will need to keep a few things in mind.
- Pick The Right Product
Sell products that people are interested in. Keep in touch with what’s trending on social media, news and other mediums. Focus on products that are always strong and always in demand. A good way to gauge what sells in the market is to check the bestsellers at Amazon itself.
Another option is selling unique products that give you a chance to create your own niche in the market.
- Market It Right
You’ve listed your product, now what? Wait for people to come looking for it. It doesn’t work like this. You need to go out there and proactively market your product – on social media, your blog, email marketing, SMS marketing… you have to get the word out. Everywhere you post create backlinks to your product.
- Know Your Competition
Know what your competitors are doing, how they are pricing, what type of marketing they are doing, what other products they are offering. Even if your store is doing well, there’s no guarantee it will remain the same until you keep evolving.
Start reading Amazon reviews to know where other sellers are missing out and come up with solutions that give you an edge over others.
- Expand Your Products
You might start with just one product but if you see other products doing well you should expand to sell other items as well. It’ll help you expand your business and earn good money.
Taking advantage of holiday shopping is also important – Cyber Monday, Black Friday, Halloween… the list is long.
- Use The Right Tools
You might have some great product ideas but unless you have the right tools to evaluate and market it right you might not be doing as well as you ought to.
Wrapping It Up
A critical marketplace, not only for buyers but for sellers and entrepreneurs as well Amazon is changing the landscape of commerce by providing a platform to budding entrepreneurs or people looking for some extra money.
If you too want to earn some extra income you now know how and where to go to.