A brand new Amazon seller, who starts their journey with the hopes of making millions. Some people achieve this feat. However, others fail. It’s not something I will sugarcoat. It’s not an easy task to sell on Amazon.
Online retail offers a great opportunity. This sector has experienced phenomenal growth and the COVID-19 pandemic accelerated it. This was at a time when consumers had less money to spend. This was due to an increase in online shoppers. This is undoubtedly the best time to sell. As a result, the industry is poised to experience rapid growth.
How can you capitalize on this growth? How can you make money by selling on Amazon this beginner’s guide will cover all the basics of making money on Amazon.
You are Looking for Something Sparkly?
A simple idea is a key to all great things. The same applies to e-commerce and Amazon businesses. Customers will return to you for your product. Cash cows are essential. To get started, you will need a product idea.
Amazon has almost everything you need. It is not easy to find a niche that isn’t saturated. Do some research to begin. You can then narrow down your options and keep an eye on similar products on Amazon. Use data to study the demand and competition.
To keep track of product trends, you can use SellerApp’s Product Intelligence function. To ensure consistent demand, you must track a product for at most two weeks. These are the metrics I track:
- Revenue estimates
SellerApp’s product trends graph can help you quickly determine whether there is a rise in demand or if it is consistent. As you can see, revenue is decreasing as well as demand.
Concentrate on Finding the Best Supplier:
It is crucial to find reliable suppliers for your margins. Alibaba.com is the most popular platform for sellers to search for suppliers. SellerApp’s Amazon Product Sourcing function can help you find the best manufacturers. This feature is not only useful for finding suppliers, but also during product research.
This tool will provide you with detailed information about minimum order requirements as well as the cost price for each item. This information can be combined with FBA and revenue costs to calculate your estimated margins. The SellerApp Chrome Extension includes a profit calculator that will help you speed up the process.
Once your product idea has been proven profitable, it is time to start contacting potential suppliers.
These are just a few of the things you should be aware of:
- High-quality product
- Minimum order quantity
- Lead time
- Ratings and reviews
- Capacity for logistics
Keyword Research and SEO:
Now that you have a great product, it’s time to start creating your listing. Your product listing will be successful if it uses the right keywords and follows industry best practices. It is not enough to just stuff keywords. You must ensure that your product is properly indexed for high-converting keywords. It won’t appear on search results pages if it isn’t.
To find keywords that are relevant to your search, you can use SellerApp’s Amazon keyword research tool. You can also use Ahrefs or Google Keyword Planner. These tools, however, are designed to deliver the best results for Google’s search engine and not Amazon.
SellerApp is built from data directly obtained from Amazon. In this context, SellerApp’s data is more relevant.
Sponsored Ads by Leverage:
Amazon PPC is a great way to get your business noticed early in the product development cycle. Without advertising, it is nearly impossible to get to the top of search results in saturated categories. Advertising ensures your product has the visibility it requires to fly off the shelves.
Amazon advertising comes with risks. You pay for each click. You will lose money if you don’t convert clicks into sales. If you don’t have a good understanding of Amazon advertising, do not attempt to start PPC campaigns. You can either do your research or hire third-party service providers such as SellerApp. To deliver the best advertising results, our experts combine decades in the industry with modern technology.
Optimize your Listings:
Keyword research ensures that your product is found for the relevant search terms. Engaging product listings are essential to close sales and increase your organic ranking.
This is not an easy task. Engaging content is not a science. It’s all about trial and error. It is important to know your target customers and their language.
There are four elements that I believe are essential to a listing.
- Title of the product
- Images of the products
- Bullet points
- Description of the product
Your written content must be concise, informative, and short. Make sure that the customer is aware of all important information. Don’t mislead them!
Customers can also use product images as a source of information. You should always use high-quality images. You should use at least six images that cover all angles of the product.
Fulfillment methods can make or break a business. I recommend signing up for Amazon FBA. You can scale up your business quickly as Amazon handles storage, shipping, customer service, and customer support. The service comes with a fee.
FBA ensures your product is eligible to be shipped Prime. This increases your sales and organic ranking. It also improves your chances of winning the Buy Box.