Are you trying to realize your dreams of starting an Amazon FBA business? It is no news that selling on Amazon is incredibly profitable.
With more than 60% of consumers starting their hunt for products on the Amazon marketplace, Amazon has become one of the most dominant ecommerce platforms in the world.
To become an Amazon FBA seller, you need to first create an Amazon Seller Central account.
With your Amazon Seller account, you can list your products, set your prices and fulfill your orders.
In this guide, we've included everything you need to know about how to set up your Amazon Seller Central account and start selling on Amazon.
Thinking of how to increase company sales through Amazon? Well, the first step is to create your Amazon seller account.
Not only will you be able to list products on the world's largest online marketplace, but you will also be able to do the following:
There are two types of Amazon Seller accounts you will need to choose from when setting up your account.
The Individual Seller account is free to create. However, you will be charged $0.99 for every sale made through this account. If you're just starting and can only sell a few items (less than 40 units a month), then we recommend you start with the Individual Seller account.
Note that with this account, you will not be able to run advertisements, get inventory reports, create bulk listings, and so on.
If you opt for the Professional Seller account, you will need to pay a monthly subscription fee of $39.99. You don't have to pay $0.99 for every sale you make.
However, most importantly, you get access to a wide range of benefits. With the professional account, you can make use of Amazon advertising services, create bulk listings, offer special promotions, and get access to various selling reports. If you're ambitious and looking to grow and scale your business quickly, then the professional seller account may be the best option for you.
Now to the most important part. Here's a step-by-step guide to help you set up your Amazon FBA seller account:
Go to the Amazon website and click on the “Pricing” tab to view and choose between the Individual Seller account and the Professional Seller account.
Once you pick your preferred seller account, you will be redirected to a window requesting you to enter your email address and password. Once you put in your email and password details, click on “Next”.
You will be redirected to another page to enter your verification code which will be sent to your email. Once verified, you will need to provide other documents to complete your registration.
This includes your mobile phone number, your credit card, bank account details, and a valid government-issued ID or passport.
Next, you will be required to include the following information:
Once you fill the required fields, click the “Agree and continue” button to proceed with the registration.
Next, you will be required to add some personal information which includes a form of identification (could be your passport number or driver's license). Then, you will need to verify your phone number through a call or text. Once all is correct and verified, click on the “Next” button at the bottom of the page.
Now, put in your billing information. This includes a valid credit card number and bank account number. This is where your transactions will be received and charged.
Once your credit card has been validated, you will be moved to the next phase to provide details about your Amazon store and product. You will be required to answer to the following:
After you have responded to the above questions, click on the “Next” button.
Next, you will need to verify your identity by uploading an image of your bank statement and ID (license or passport). After uploading the required documents, select “Submit”.
For the final part, you will need to complete the identity verification process through a video call with one of Amazon's associates.
If you can't complete the verification process through a call at that time, you can schedule a future date.
The video call is an inevitable part of the verification process, so you will need to do it as soon as possible to begin selling on Amazon.
Once Amazon verifies your seller account, you can start selling!
Typically, it can be verified as quickly as in 24 hours or days, a week, a month, or even indefinitely.
However, you have nothing to worry about if you provide accurate information. Double-check all documents provided before submitting your application. The clearer your documents, the faster the verification process.
Once your documents have been verified and your account approved, you will receive a verification email.
Now your Amazon seller account is all setup. How do you start selling your products on the Amazon marketplace? Well, there are many components to succeeding on the Amazon platform. However, here are crucial factors and steps you must consider before you start selling on the Amazon platform:
Before you start selling your products, you will need to choose what type of business model you want to use for your business. A business model serves as a framework that offers value to your customers while bringing profit to your business.
Here are the most common business models on the Amazon marketplace:
Apart from choosing what products to sell, choosing a fulfillment method is also critical for success. You can choose between two major fulfillment methods: Fulfillment by Amazon (FBA) or Fulfillment by Merchant (FBM).
With FBA, you transfer the responsibility of fulfilling your customer orders to Amazon. Amazon handles everything from packing, storing, packaging, and shipping your products to customers. They also handle customer service.
On the other hand, with FBM, you handle everything yourself, which gives you total control of the entire process.
The best part is you don't have to choose one against the other. You can choose to fulfill your orders using both fulfillment methods.
To be successful on the Amazon marketplace, you simply cannot afford to sell just any product. With the fierce competition on the platform, picking a product is the most important decision you will have to make.
When picking a product, consider the demand for the product. After all, what's the point of selling a product that customers don't want? Choose products that are high in demand but also low in competition. Invest in product research tools like AMZScout PRO Extension and Jungle Scout to find out the best products to sell on Amazon.
Once you choose a product, start sourcing them. If you choose the private label model, you will need to find a manufacturer to work with. You can visit sites like Alibaba to browse a list of manufacturers.
Lastly, after picking and sourcing your products, create your product listing on the Amazon marketplace. Ensure your listing is well-optimized to gain visibility, attract the right customers, and increase sales on Amazon.
Setting up your Amazon seller account is a fairly easy process. Ensure that all documents provided are accurate to prevent delays in approval. You can go through our guide above to start setting up your Amazon seller account right away.
If you need professional assistance for your Amazon business, you can contact us at ePlaybooks.