Amazon FBA as a Platform for Growing Business
The first thing to put in mind when starting a business is that you’ve got to develop a good relationship with your customer and at the same time build a brand that has the potential to expand. You can build your product through Amazon but they limit it when you are selling on their site. They don’t view it as your business but their business. Once you have build up your business make sure to sell your physical products on their platform and you can also sell other’s stuff through affiliate marketing.
Private labeling products means that you don’t have to worry about patents or inventing a product. Through this process, you are finding products that already exist, and you are putting your own branding on that product and selling it. But make sure you do more research especially on deciding on the niche that you want to build your business in. To make sure that your branding/product could last and sustain for a long time and is an item that most everyone used on daily basis.
This style of business might be good for you and your family so spend time doing more courses related to this type of online entrepreneurship.
FBA stands for Fulfillment by Amazon, a solution that allows you, as an online seller, to utilize Amazon’s numerous huge warehouses to store and ship the products you sell through the Amazon website.
These tips are courtesy of top Amazon seller Stephen Smotherman (Full-Time FBA).
Optimize your current FBA inventory
- Make sure your inventory is priced competitively (you might want to use an Amazon price for this).
- Fix poor Amazon product listings.
- Consider using Amazon Sponsored Product Ads.
- Sell your current Amazon inventory on eBay.
Clean up your Amazon back-end metrics
- Do a quick account of a health checkup.
- Remove negative/neutral feedback scores.
- Remove or destroy dead inventory.
- Go through old returns/inventory.
Improve yourself as a seller
- Learn something new.
- Clean up your office space.
Is selling on Amazon FBA worth it?
That depends on your business. The benefits of Amazon FBA are that your customers will receive an excellent service (which may well encourage them to buy from your company again) and you’ll eliminate some tasks from your schedule, allowing you to focus on other aspects of your business. The main downside of Amazon FBA is its cost.
Furthermore, it won’t guarantee perfect customer service nor eliminate monotonous tasks. After all, you’ll still need to keep track of your inventory, ensure Amazon always has enough of every item, and provide some customer support. Amazon FBA is definitely worth it in 2020 -for some sellers.
Before you determine if it will be a profitable solution for your business, you need to calculate how much you’re likely to spend. You may even like to try Amazon FBA with just a few types of products to see if it works for your business. Then you can decide if you want to commit to the service for the long term.
If you need further convincing that digital marketing is right for your business, get in touch with us. At Crucial Constructs, We’re willing to listen to you and answer your questions. Contact us today!
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This was very helpful and informative. I Found the first two videos here. Are there other videos in this series or are they all included in the crucial Constructs Academy? I just signed up for the Academy so I thnk I will find them all there.
I love this content! So powerful and helpful.