AMAZON SELLER IN 2020?
How To Become an Amazon Seller in 2022 ?
Selling on amazon is an amazing and best opportunity to start a profitable business
To be successful you have to be efficient, hardworking, dedicated person who can do researches so he can succeed in this platform . If you work hard and do your research, you can maximize your potential to start and build a successful business. In this guide, we’ll walk through how to become an Amazon seller step-by-step. Let’s hop into it!
Find A Product
- Private label : is perhaps the most best model for selling on Amazon. With private label, you find a product and a manufacturer who can make the product in bulk at a cheap price. Then you tweak the product, adding your logo and business information, and sell it under your own brand
- next is:
- Wholesale means you buy products directly from a major brand at wholesale price and sell them on Amazon. The difference between this and private label is that with wholesale, you’re buying products directly from an already established brand and then selling them under their brand name with their approval.
- Dropshipping: In dropshipping user does not create his own product and he just transfers his customer directly to the manufacturer .
Choosing Correct Fulfilment Method:
There are 2 methods to select for fulfilment method which are as follows:
- FBA(FULFILMENT BY AMAZON)
- FBM(FULFILMENT BY MERCHANT)
Amazon Seller Account Creation:
Choose between an individual or professional seller account
When it comes to Amazon’s seller plans, you have two options: professional and individual.
If you’re going to sell more than 40 products per month, then signing up as a ‘professional’ is your best bet. Even if you’re selling as a hobby and don’t consider yourself to be a professional, this plan will help you save money.
But, if you’re planning to sell on a smaller scale (ie. fewer than 40 units per month), select the individual plan.
Though keep in mind that if you choose the individual plan, your products will not be eligible for the Buy Box and you won’t have the ability to advertise your products on Amazon.
STEP 3:
Enter your email and select ‘Create a New Account’
Once you’ve chosen the seller plan that is right for you, the following window will appear where you’ll be asked to enter your email address and a password (of your choosing) for your seller account.
When you’re done, click the ‘Next’ button.
This will take you to a second screen stating you must approve the notification sent to the email address you provided on the previous screen. This is Amazon’s way of verifying the email you entered.
Look out for an email from Amazon and make sure to approve the notification through the link they provide. Once you approve it, you’ll be automatically taken to this screen:
STEP 4:
Choose your ‘Business location’ and ‘Business type’
The next step in the Amazon seller registration process is to share the following information:
- Your business location: This is the country in which your business is located. It’s extremely important that this is accurate, as Amazon will be verifying it (see step 10).
- Your business type: You’ll be able to choose your business entity from the following options (most fall into the ‘Privately-owned’ category):
- State-owned business
- Publicly-owned business
- Privately-owned business
- Charity
- None, I am an individual
If you don’t have a business formed just yet, choose “None, I am an individual.” By choosing this, Amazon will ask for your full name in the next step.
- Your full name: Make sure you enter your first, middle, and last name.
Then, click the ‘Agree and continue’ button.
STEP 5:
Enter your personal information
From there, you’ll be asked to provide Amazon with a number of personal details. This includes a form of identification (either your passport number or your driver’s license).
Make sure the address you entered is correct because Amazon will send you a postcard with a verification number on it that you must enter before you can use your account.
You will also be required to give them your phone number. Again, this is for verification purposes.
When you’ve entered everything, click on ‘Next’ at the bottom of the screen.
STEP 6:
Enter your billing information
Your next step will be to provide Amazon with your billing information. This includes a valid bank account number and a valid credit card number.
Before proceeding, click on “I Understand.”
On the next page, you will be prompted to verify your bank account.
After verifying your banking information, you will need to enter your credit card details.
STEP 7:
Add the information for your product(s) and Amazon store
After you supply your credit card information and it has been validated, you’ll be asked a few questions about your Amazon store and the products you plan to sell.
To move onto the next phase of the Amazon seller registration process, you’ll need to answer the following:
- The name of your Amazon store
- Whether or not you have UPC codes for your product(s)
- If you have any diversity certifications
- If you are the manufacturer and/or brand owner of the product(s) you’re selling
- If you click ‘Yes’ or ‘Some of them’ you’ll be asked: Do you own a government-registered trademark for the branded products you want to sell on Amazon?
Click the ‘Next’ button after you’ve provided the answers to those questions.
STEP 8:
Identity verification
Next, you’ll be asked to verify your identity by uploading images of your ID (license or passport) and a bank statement.
After you upload your documents, click Submit.
Lastly, when you’ve completed all of the other steps in the verification process, you’ll be asked to confirm the business address you provided previously.
After clicking on the ‘Confirm’ button, a new screen will appear (if the address displayed is correct, that is). It explains that you will receive a postcard at that address, along with a verification code.
Then, when you receive the card, enter the code provided into the ‘Enter code below’ field and click ‘Next’ to finish the verification process.
Once you’re verified, you’re in!
To be on the safe side, we recommend setting up 2-step verification on your account, for increased security. But, once your identity and business information have been verified, all you need to do to get started is to log into https://sellercentral.amazon.com.
And this is what your seller account home screen will look like (without any sales yet, of course).
*NOTE: The Amazon seller registration process has recently changed, to aid in its verification of new sellers’ information.
For this reason, some of the screens and requests you’ll see and/or be required to fulfill during your account creation could differ from those outlined above.
And to make sure you have all of the documents you might need for verification, we strongly recommend you TO CONTACT US .
How much does it cost to sell on Amazon?
What’s great about selling on Amazon is that you can get started without spending any money.
However, if you’re planning to use the private label business model there are costs involved in order to purchase your inventory before you sell it (at a higher price). But, it may not be as expensive as you might think.
In fact, according to my survey of 3500 Amazon sellers, 16% started their businesses with less than $500 — though the average reported cost is $3,836.
Plus, regardless of your chosen fulfillment method, there will be some fees associated with your seller account.
What are Amazon’s fees?
Here are a few of the Amazon fees that you may be required to pay:
- Amazon referral fees: This is the fee that Amazon takes as a commission for selling on its platform. It varies from category to category but ranges between 12-40%. Most products have a 15% referral fee.
- Individual seller fee: This is a flat $0.99 added to each sale you make on top of the referral fee. Sellers only have to pay this per-item fee if they’ve opted for an individual seller account, rather than a professional plan.
- FBA fees: If you use Amazon’s FBA program, you’ll have to cover the shipping and handling costs for Amazon. This usually works out to roughly $3.00 for small items weighing no more than a pound. The fees go up as the items get heavier or larger.
- Other Amazon fees: You may also have long-term inventory storage fees (if you use Amazon FBA), media fees (if selling books, DVDs, etc), and advertising costs.
What else should you know before selling on Amazon?
Here are a few more Amazon-selling basics that you should know.
Amazon’s Best Sellers Rank (BSR)
Amazon organizes all of its products by giving each a Best Sellers Rank (BSR); the more popular an item (and the more sales it makes), the higher the BSR.
In addition, departments (also called parent categories) on Amazon have their own taxonomy of BSRs, as do their sub-categories.
Selling on Amazon Prime
If you’re using Amazon’s FBA program, and you have enough inventory to spread around through its fulfillment network, then your product will qualify for Amazon Prime.
Selling Prime is key to being successful on Amazon as it means your products will be shipped to customers within 2-3 days.
Plus, you get the “Amazon Prime” badge on your listing, which means you’ll have a better chance of selling your product. Customers love fast shipping.
But if you’re selling FBM, you can still sell Prime as a Merchant Fulfilled Network seller. To do so, however, you’ll have to apply to Amazon’s Seller Fulfilled Prime program.
Training for new Amazon sellers
Here at Jungle Scout, we know that learning everything you need to know about selling on Amazon can be overwhelming. So, to help you ramp up more quickly, we have an extensive library of free resources.
In addition, if you already have a Jungle Scout subscription, you have access to our members-only Academy. It has video lessons for both beginners and advanced sellers alike.
Start your Amazon business
Now that you know how easy it is to go through the Amazon seller registration process, don’t waste any more time.
Start your selling journey today!
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