As Amazon seller account, so are the numbers of people looking to start an online storefront there. In 2022, 63% of shoppers used Amazon as their first stop when researching products online; these buyers were drawn to Amazon’s low prices, free or cheap shipping options, and overall ease compared to traditional brick-and-mortar stores. The majority of customers (57%) shopped on Amazon at least once a week, while the majority (67%) purchased for holiday presents on Amazon.
As these tendencies show, 2023 and 2024 will be great years for e-commerce startups. However, you’ll need to go through the Amazon seller registration process in order to take advantage of the vast potential Amazon provides.
Now that Amazon has altered their verification process, we’ll show you how to get your account approved so you can start selling on Amazon.
Let’s discuss how much capital is required to launch an Amazon-based business?
Where you get your goods and how they get there are the two biggest factors in this subject. There are three main options for acquiring stock for your company:
You contact the parent firm directly, purchase things at a wholesale price, and then sell them on Amazon for a profit (or any other channel, for that matter). Due to the fact that most businesses prefer to deal with those who can handle high transaction volumes, this strategy may demand some initial capital outlay.
Stores Selling Merchandise:
When conducting commerce on Amazon, this method is preferred over all others. It’s common practice to visit a store like Walmart or Target, wait for an item to go on sale, and then resell it on Amazon for a profit.
Developing Your Own Brand:
Before the products are released to the public, you will be in charge of their marketing, quality control, and other preliminary business tasks. The manufacturer will have no claim to the trademark or any of the earnings made here. This strategy, which is also known as Private Label, is highly favored by retailers.
Start selling on Amazon by registering for a seller account.
You can start selling right away with your existing Amazon customer account, or you can register a new Amazon seller account using your company email. Citizens and permanent residents of these countries may apply.
Please have the following on hand before registering:
- A legitimate business email address or an existing Amazon.com
- worldwide declarable credit card
- Government-issued photo identification (identity verification protects sellers and customers)
- Finance-related details
- Number of phones
- To receive payments from Amazon, you’ll need a bank account
Including your goods in this
Just what are some Amazon products you can sell? It is brand-, category-, and product-specific.
There are product categories that allow any seller to participate, some that require a Professional seller account, yet others that must be manually approved, and still others that do not allow sales from outside vendors.
Launch your company on Amazon.com.
Don’t delay any longer now that you know how simple it is to become an Amazon seller. Feel free to get in touch with us if you have any inquiries or would like more information on how to launch an Amazon business.