- By Luis Espinoza
- October 22, 2021
How does it feel to be a profitable Amazon Seller? Have you ever wondered!!!
In this technological era, everything is vanishing; such as stores and libraries, all are now changing into e-commerce websites. The rate of people going towards e-businesses has increased and has been increasing. As more people now prefer online work, i.e., blogging, YouTubing, freelancing, and many other things, the algorithm of YouTube and Google updates and changes daily. It is then hard to flourish for newbies and embark on the ‘E-Journey.’
There are many platforms to work on. Amongst many, one such platform is Amazon. It is one of the best platforms bringing a variety of opportunities for people who want to take a step in the world of ‘e-commerce.’ From huge to tiny, from expensive to cheap, from grocery to sporting equipment, Amazon is the dominant online retailer, sells everything on a single platform. It has also marked its name in the entertainment industry by producing its own shows.
With such a platform with a wide range and variety of products sale, it provides an ample opportunity for individuals to sell their choice products.
Now you have decided to start a business on Amazon, the first thing you do is click on this link to sign up on amazon.
There are thousands of categories of products in Amazon, and to become a third-party seller, you have to choose one category from the list. All the types are mentioned in this list.
As a retail store’s rent is paid, the same goes for the Amazon platform. You have to pay a fee for selling on Amazon. The price varies depending on your profit. The more profit you generate, the more you will pay accordingly. Let’s say you have sold more than 40 products so, at a pay-as-you-go rate of $0.99 per item, and you will pay a $39.99 subscription fee: 40 x $0.99 fixed closing fee = $39.60.
Amazon is working at the back of the stage, performing all the business duties for you. It handles the shipping, delivery, returns, and refunds. You only have to send your bought items to the Amazon warehouse near you or in your country. Upon receiving every order, Amazon ships the order out for you. It’s just a drop-shipping business.
The Advantages and Disadvantages of Starting a Drop Shipping Business
Here are the pros and cons of drop shipping that will help you to determine whether it is the right business for you or not.
No Inventory Required:
When the products sell, then all you have to do is buy a drop shipped. It will alleviate you from paying any additional cost.
If you are working as a drop-ship seller on eBay or Amazon then you have to pay a small fee to list your product. And your customer will pay for shipping. Therefore there is minimal risk in starting drop shipping.
You can sell different types of products on dropshipping with ease. Therefore, you will not remain stuck on a single product because of limited cash flow. This will keep your customer intrigued and allow you to sell a variety of products to generate more revenue.
Home-Based Business Opportunity:
Dropshipping is an excellent home-based business. You can operate all of your sales at home efficiently. All you need is a computer with an internet connection and a basic business license.
In drop shipping, you’ll be at the mercy of the supplier. You have to rely on the supplier because you don’t own any product. You can be affected badly if the supplier does a poor job.
The thing that is more common in drop shipping suppliers is that sometimes the supplier becomes out of stock and gets an order from the customer but cannot fulfill the commitment. There is nothing worse than that and can be detrimental to the business.
Customer Service Issues:
Suppliers are notorious for bad customer service. This factor can affect you negatively if the customer doesn’t satisfy with your service.
Suppliers sell products to various businesses, so you have to be very careful because you may be selling products that are already all over the web.
Although, the table above might make you think twice before starting drop shipping. You may notice that drop shipping can give you an excellent outcome and revenue opportunity if done correctly. The main factor about which you have to be very careful in finding the right supplier. Once you find the right supplier, you’re less likely to get disadvantages. Therefore, checking out the pros and cons of drop shipping before starting is highly recommended so you can find the right supplier for your drop business more carefully.
From keeping inventory to delivering it out to customers, Amazon performs all the on-page job duties for you. But people will not know you if you are not telling them who you are Theto give the backlinks of your Amazon page on different platforms (only the relevant o to promote your business). You can also generate s to promote your business social traffic on your Amazon seller page by marketing on social media. You can also write a complete blog related to your products along with the link to your Amazon page.
Before starting a business, one of the most important things is market research. Market research can be carried out in many ways. You can know your customers through social media, as social media platforms have up-to-date news and trends to answer the questions like what is mostly liked and loved by people and what are they looking for.
The second thing is choosing the niche.
By choosing a niche with more markets and fewer competitors, one can easily get ranked. Keep a keen eye on your rivals in the market. What creative things they are doing, what innovative ideas they are bringing must be kept in focus. The weak points of your competitors are your strength.
If you want to make a profit, don’t let any opportunity go. Find out when your competitors love to take a break. When all the shops are closed, you keep your shop open for people.
Business is now comfortable with such a platform that performs most of the job duties for you. Amazon provides the best opportunity for starters who know nothing about business. To become a profitable Amazon Seller, all you have to do is send your product to the warehouse and signup on Amazon, and the rest is not your fret.
I hope you find this article worthwhile and has answered your questions as well.
Thanks For Reading.
Also, Read How To Start A YouTube Channel