Before you start selling on Amazon doing some research is a key step in making sure you’re ready to go. You want to set yourself up for success and that’s going to include investing some time learning about how things work. There’s a lot of information out there to help you, you just have to make sure you’re finding and using it.
If you haven’t already started looking at what help is available you’re doing the right thing by starting here and now. Whether you’re looking into tools like fulfillment by Amazon (FBA) profit calculators, or you’re hoping to find tips from other sellers it’s all out there. Sometimes the information can even get a little overwhelming.
The Amazon revenue calculator estimates the monthly sales volume for Amazon products and the potential revenue they can bring for you.The estimate is based on the product’s Sales Rank and current price. You can also add your Shipping Cost and Cost Price to get your total profit figures. In addition, you’ll see the product’s average sales volume over the last 7 days and 30 days so you know if sales are likely to go up or down in the future.
If you’re hoping for something a little more focused at a first-time seller who needs a narrow list of things to learn about, you’re definitely in the right spot. Sometimes it’s better to have a list of a few things to learn about than a huge list you’ll never get through in the first place. Here are five things you need to know before you start selling on Amazon.
1. Know Your Resources
There are a lot of resources available to you as an Amazon seller. There are tools like you read about earlier, the FBA profit calculators that helps you calculate amazon fba fees. Those can help you figure out the fees per listing when you’re using FBA (fulfillment by Amazon) services. There are keyword tools to help you figure out good listing titles. That means people are going to find your listing easily and quickly.
There are also tools to help you track reviews and even assist you in matching up negative reviews to the right customer so you can try to fix something if possible. The point is, you should be aware of what resources are out there. If you’re going to be using FBA services, you should be aware of the FBA fee and profit calculators for example.
Whatever you think are going to be your biggest challenges when selling on Amazon, check for resources in that area. If you know SEO is a problem area for you, you can put more research into keyword tools. It’s all about knowing what’s out there and using it effectively.
2. Listen To Other Sellers
Since you’re new to the Amazon market, it’s important to listen to those who have gone before you. That means listening to sellers who were in your shoes at one point. There are tons of great ways to get advice as a new seller. There are blog posts which are easily searchable online. There are also podcasts like AM/PM Podcast which has great advice for sellers.
You can also seek out seller advice on Amazon’s community forums as well. There are a lot of options available to you when you want to see what other sellers are saying. Take their advice to heart because it’s often coming from people who are now selling extremely well on Amazon. Everyone had to start somewhere though, so many experienced sellers want to help newcomers when possible.
3. Be Informed About The Process
This includes making sure you understand how listing fees work, which seller plan is best for you, and even knowing what the rules are about selling on Amazon. The more you know about all of those things and the entire selling process the better. You want to be as informed as possible so you’re making good decisions right from the start.
There are many types of fees that apply to Amazon listings. There are rules about what you can and can’t sell on Amazon. There are two different seller plans available. Not knowing and researching all of those things can lead to you losing money which is the exact opposite of your goal when you’re trying to make a good profit.
Spent some time researching and reading the resources Amazon itself posts for their sellers. They break down all the rules, all the fees, and how seller plans work. If something is particularly unclear (sometimes the fees are hard to understand) then you can dig deeper for help. Seek outside resources if you need further explanation. There are plenty available.
4. Think About Your Long-Term Plans
You aren’t likely to do well with your Amazon venture if you view it as something you’re doing to make a quick buck or a casual hobby. This is a serious way to make money and it takes work. You’ll need to think about that now before you post your first listing. Every time you make a sale you’re going to be making money and paying fees so you can’t afford to be cavalier about things.
Think about your long-term goals when you’re considering becoming an Amazon seller. What are you hoping to accomplish a year from now? Five years from now? Those are the things that you need to focus on right from the start. Putting in a lot of research can get exhausting and it’s tempting to look at Amazon selling as easy since it’s done online.
If you aren’t willing to put in the work now, you aren’t going to accomplish your long-term goals. Try to remember what those are so you can make sure you’re doing the right things to accomplish those goals as you go. The more effort you put in when you’re selling on Amazon the more you’re going to get out in the end.
5. Know The Importance Of Customer Service
Building on the last tip, don’t get swept into the temptation to provide less diligent customer service just because you’re online. Customers are still going to be a huge part of your life. You need to treat them as well as you would if they were standing right in front of you. That means responding to questions quickly and with the right information. It also means reaching out to customers who are unhappy with their purchase to provide workable solutions.
Selling on Amazon is not a way to make money without dealing with customers. It’s important to understand that you’re going to have to provide great customer service even online. Don’t let anyone convince you it’s easier than other customer service focused sales jobs.
Starting out your Amazon selling plan with the right mindset, tools, and advice is going to be invaluable. Make sure you’re keeping the things you read here in mind as you go. Seek the advice of more experienced sellers when you have questions, and keep putting in the extra effort. It’s all going to be worth it when you’re a successful seller.