Are you tired of that 9 to 5 job, and you are looking for some change? You can generate a lot of revenue from Amazon. You might not be familiar with it, but amazon FBA is a service on Amazon where all you have to do is put up your product for sale, and the rest you leave it to the online store, Amazon.
What is FBA?
FBA stands for Fulfilment by Amazon. All you have to do is put up your product on Amazon and then send it to Amazon. They will take orders and send your products to them from their warehouses. They will ship all the products, pack them, and take care of all the customer service. In return, you will be getting your revenue from Amazon.
A Step By Step Guide to Start on Amazon FBA
Your Products and Their Price Range
The first step is selecting the products you want to put up for sale and then deciding a suitable price range for them. The price range should not be too high or too low that you do not get any profit from its sales.
The Amazon Revenue
When you are working with Amazon FBA, amazon itself cuts a percentage of revenue generated for their services of shipping and customer services. Calculating it all before handing your product over to the supplier makes you know how much profit you will be getting per month and if it is wise to pursue that sale.
Look for a Supplier
The next step is you look for a supplier on amazon who will sell your products and deal with the customers directly. There are many suppliers online, but you have to select the best one. You can consult fellow sellers on amazon for their opinion.
Amazon FBA Sign Up
Now you will create an account on Amazon as a seller and then sign up for Amazon FBA. There are many benefits to Amazon FBA. You will get your entire customer shipping coasts covered in the FBA fees. You can use other platforms like Shopify etc. The best thing is that you can send products from the supplier directly through amazon.
Optimize Your Product Listing
The thing that actually attracts the customers is the description and product page. For the title, make sure it covers all information, and it is small. The product descriptions should be brief with all the keywords covered. Don’t forget to add customer reviews and high-quality product images to get more sales. Make an SKU for your product.
The shipping of products needs to be handled well. You cannot ship any breakable product without taking precautionary measures. Follow the FBA guidelines when shipping. Make sure that the shipping costs are not too high nor too low. The pricing of shipping also depends on the weight of the item being shipped.
Now that you have followed all the above steps, your product is all set for sale. Potential customers will see your product and order. All you have to do is keep an eye on how much a specific product is selling, and you are all set. You can generate a lot of income through it.
Let me know what you think of Amazon FBA, and is it worth spending money on?