HOW TO SELL ON AMAZON IN 2024 (Beginners Guide)

Summary

In this informative video, Sam outlines the essential steps for beginners looking to launch an Amazon business. He highlights the importance of understanding the pros and cons of selling on Amazon, such as the need for startup capital and adherence to regulations. Sam walks viewers through finding a winning product using tools like Helium 10 and sourcing reliable suppliers from Alibaba. He emphasizes signing up for an Amazon seller account, importing products, and optimizing listings with high-quality images and effective SEO. The video is packed with practical tips, aiming to equip aspiring entrepreneurs with the knowledge to succeed.

Takeaways

• 😀 Understanding the pros and cons of selling on Amazon is crucial for long-term commitment.
• 💰 Starting an Amazon business requires initial capital for purchasing inventory upfront.
• 📜 Adhering to Amazon's rules and regulations is essential to avoid account suspension.
• 🔧 Physical product businesses often face challenges like returns and defective items.
• 🚀 Amazon provides significant traffic to your products, increasing potential sales.
• 📦 The Fulfilled by Amazon (FBA) program allows sellers to outsource storage, packing, and shipping.
• 🔍 Finding a winning product involves thorough research and using tools like Helium 10.
• 🤝 Establishing a reliable supplier on platforms like Alibaba is vital for sourcing products.
• 📝 Setting up a seller account on Amazon requires verification of personal and banking information.
• 📸 High-quality images and effective Amazon SEO are crucial for creating compelling product listings.

Q & A

What are the first steps to consider before starting an Amazon business?

Before starting an Amazon business, it's crucial to understand the pros and cons of selling on the platform. This helps ensure that you're committed for the long term and prepared for potential challenges.

What are some of the cons of selling on Amazon?

Some cons include the need for startup capital to purchase inventory upfront, the strict rules and regulations that must be followed, and common issues such as handling returns and dealing with faulty items.

What are the advantages of selling on Amazon?

Advantages include high traffic to your products, access to Amazon's Fulfilled by Amazon (FBA) program for easier order fulfillment, and a relatively straightforward setup process for beginners.

How can beginners find winning products to sell on Amazon?

Beginners can use tools like Helium 10 to conduct product research. By setting specific filters such as price range, monthly revenue, and review count, they can identify potential winning products.

What should you look for when choosing a supplier on Alibaba?

When choosing a supplier on Alibaba, consider their years of experience on the platform, whether they are verified, and their minimum order quantity (MOQ). It's advisable to choose suppliers with a longer history and lower MOQs.

What is the process for signing up for an Amazon seller account?

To sign up for an Amazon seller account, go to sellercentral.amazon.com, click on 'sign up', and follow the verification process, which includes confirming your identity and providing bank account details.

What is the difference between FBA and FBM on Amazon?

FBA (Fulfilled by Amazon) means sending your inventory to Amazon warehouses, where they handle shipping. FBM (Fulfilled by Merchant) means you handle storage and shipping from your own location.

What are some best practices for listing products on Amazon?

When listing products, use high-quality images and optimize your listings for Amazon SEO by including relevant keywords. Balancing information and visuals in your listing is crucial for attracting customers.

Why is it important to understand the potential obstacles when starting an Amazon business?

Understanding potential obstacles prepares you for challenges and reduces the likelihood of giving up when faced with difficulties. It sets realistic expectations for your business journey.

How can viewers stay updated on more tips for starting an Amazon business?

Viewers can subscribe to the channel, hit the bell notification for updates, and sign up for a free email newsletter for more insights and tips about starting an online business.