For those of you who have your own shop, here’s a way you can make money with Amazon FBA (Fulfilment by Amazon). Do you have a retail business and wondering how you can increase your sales? If yes, then Amazon’s FBA is the answer to your question. With a gigantic global presence, Amazon is just the right e-commerce platform you should consider for promoting your products beyond the routine sales you witness at your shop. Let’s get you started with how you can increase your sales and make money online.
1. Sign up for an Amazon’s Seller Central account
Obviously, that’s the first thing to do. Visit Amazon Seller Central and sign up with them. Once you have created your seller account, you will be able to list your products on Amazon with their easy-to-use user interface. This is a must-do so that you can start to make money online.
2. Identify the right Products
Under the FBA program, you need to send your products to Amazon and they will store it for you. Once you sign up for the Amazon FBA program, Amazon guides you to one of its hundred or so warehouses where you can ship your products. So, to make money online, think about which of your products have good demand and you might want to produce these in bulk so that you can send a good volume to Amazon who will store them in their inventory, without you having to bother about it.
3. Amazon showcases your Product
With the Amazon FBA program, rest assured that Amazon will showcase your products on their platform, taking care of categorizing and giving apt product titles and descriptions to your wares. To make money online with them, what you should do is, create awareness with your customers that you are now selling even on Amazon and they can order from the comfort of their homes. This way you should build reviews about your products. Good reviews help increase sales, helping you make money with Amazon FBA.
4. Ask and follow up for Reviews
We’ve witnessed such a vast variety of private labels and brands on Amazon and what it takes to keep ticking. Once you observe that your product starts to sell, do make it a point to ask your buyers to write you reviews for their purchases. Great reviews often help hesitant buyers to make a decision and which will help you make money online. Not that Amazon doesn’t do it, but buyers may skip giving a rating and a personal follow-up might help you establish yourself in the Amazon marketplace and make money with Amazon FBA.
5. Stock up optimally
Another important piece of advice if you want to make money online is that you should take care of the running inventory. Don’t be too surprised if you suddenly start getting lower rankings on account of ‘Out of Stock’ status. As a seller on Amazon, keep in mind that the chances of your product getting viewed by potential customers, increase manifold and you surely want to ensure that you are producing enough volumes so that you can stock up with Amazon effectively. Otherwise, your sales will drop, killing your chance to make money with Amazon FBA.
6. Get your marketing mix right!
After all the signing up and stocking of products, you surely don’t want to lose out because you got your marketing gig wrong!! Well, as it takes for any other sale, marketing is critical to your Amazon product listing too. Consider your product and how it fares across competitive product listings. You want to ensure you have the right titles, product description, attractive images, and of course competitive pricing.
With your marketing bit in place, watch your product get increased online footprints and sales, helping you make money with Amazon FBA.
With all of the above steps put together, you surely will be able to add to your income and make money with Amazon FBA as compared to typical offline sales. Simply go step by step and see how your Amazon FBA relationship starts generating revenue for you within the first month itself. Don’t lose time; sign up for Amazon FBA today.
