A number of factors help Amazon FBA sellers to make the business good and profitable. The whole game is to sell more and get dollars more. For most of the sellers, it’s almost impossible to make effective and efficient decisions which are required on different stages of establishing the business at Amazon.
Here are the most recommended matters which need specialist or expert input to make this business profitable.
Get the professional Seller Account- There are two types of sellers, selling products on Amazon. First are small sellers who get affiliated with Amazon to make a small amount of extra income. Such sellers require personal accounts as sellers, with which Amazon deducts a dollar on each sale they would be making. Second are professional sellers, who get registered with the professional accounts, with which Amazon deducts an amount of 39.99$ each month despite making thousands of sales or hundreds of monthly sales.
Defining the product to sell- The rule of business of “THINK BIG and GET BIG” is true and the same in case of the Amazon. The product should be a high profit generating product and should make better returns on the investment. There are two main price models on Amazon. First, get a low price product and sell it to thousands of people monthly. The second is to get a high-priced product, sell to a few of the buyers monthly and keep the profit high. With either of the price model, it’s good to sell the products at the Amazon FBA model and get the profit bi-weekly.
Spend more on the promotion of your Product– Whatever would be your product placed on the Amazon website, it’s the advertisement plans and PPC campaigns that bring the products to the eyes of real buyers, making them go through the product listing and forcing them to add your product add to their cart. The more you would spend effectively and efficiently on designing these PPC campaigns the more would be ROI (returns on investments). So, it’s better to spend some dollars on getting the first search page against your product and then get observed by the customers to bring sales toward your product listing.
Compete your competitors in the best possible ways- The two models under Amazon FBA Business, the wholesale model and private label model, are having competition in almost every niche. Thousands of sellers are selling the same product and thus it’s impossible for most of the buyers to get to the best product. In such cases, it’s better to have a winning edge among the competitors. Offering the same product at a lower price (a few cents down from other prices) can catch the attention of the buyers. So, the first way is to compete on the price of the same product. If it’s impossible to compete on the basis of price, it’s better to compete on the basis of value addition. Value addition can be a tricky task but once you get the value addition done, your product can get most of the buyers towards you making the sales high and so making profits high.
