Now we will discuss about Amazon Marketplace Tutorial Part 1: In which we will Learn about Amazon, Advantage of Amazon, Types of Account. Amazon Marketplace is one of the oldest merchants on the web and has over 200 million customers worldwide. Amazon Marketplace is a unique marketplace for selling products online.
Amazon Marketplace Tutorial – Why Amazon?
There are various reasons to consider selling you on the Amazon marketplace. In this introductory chapter, we take a look at some of the major reasons why you should choose the Amazon marketplace.
The best reason to sell on Amazon is the scale of their online visitors. Amazon alone draws the eyes of nearly 85 million visitors,
Therefore you can determine the number of folds through which your sales will increase. Also, the chances of your product reaching customers increases.
Get potential customers from across the globe
Amazon has millions of diverse customers worldwide who travel on a frequent basis. If one goes by the figures, one in four online shoppers buy from Amazon.
They visit the Amazon marketplace with a clear intention to buy and may discover your product while browsing, which they might have otherwise purchased or never encountered from another seller.
Thus, you acquire a potential customer and if you serve them with quality products, the chances of winning a repeat and global business are all yours.
Quick and stress free shipping
Amazon can make its product available to you by Amazon’s FBA service, Amazon Fulfillment by the customer, faster and at cheaper rates.
You add customer satisfaction to your product by completing it with Amazon text or its key logo. You can sit back and relax, and enjoy stress-free and reliable product shipping!
You can also ship the product yourself, in which you are responsible for packing the product and have it shipped by you yourself or hire a fulfillment service to complete it for you, either way. You will like it
Vast range of products
There is a bucket list of products that you can sell on Amazon. You can sell a little or a lot, Amazon provides you with all the necessary tools and experience to make a successful sale.
Simple, reliable shopping experience for customers. Customers prefer to shop easily, only a one-click purchase from Amazon can grant something.
Therefore, once you become a seller on Amazon, you are paired with Amazon’s e-commerce expertise, its easy payment and delivery options that will beautify your online business.
Safe and timely payment
Amazon offers hassle free and timely payments. Payment for your product is deposited in your bank account and you are notified via email that your payment has been made.
Also, Amazon deducts your fees only after selling.
Amazon’s professional support service
Amazon provides professional services to guide you through each step of selling your product online, such as which product you should sell and how to sell.
Amazon Marketplace Tutorial – Amazon Advantage
Amazon is not just an online store, it is a marketplace! It is one of the oldest merchants on the web and has more than 200 million customers worldwide.
There are many potential buyers who place their trust in Amazon and prefer to buy products only from Amazon, even if the product is slightly higher than other e-commerce sites.
High traffic volume
Undoubtedly, the primary advantage of selling on Amazon is its high traffic volume.
The main reason behind this is the strategic work of Amazon people on the presentation of products, encouraging people to buy, serving them a quality product with easy purchase and return options.
Why try to direct traffic for what is joking through the tedious and extraordinary process of creating and maintaining a website?
All you have to do is find the right product to sell and at the right price and Amazon will get you the right customer.
Amazing growth rate
Another major benefit that should be listed is Amazon’s growth rate. Amazon’s revenue has grown rapidly and reached a remarkable value, close to $ 70 billion a year, which is actually faster than the overall rate of e-commerce growth.
Amazon is not the player behind this success story alone, with nearly two million third merchants in the e-commerce pie. Amazon has not been a one-size-fits-all solution for them.
Many were skeptical and moved out, building their own sites or selling on a few other sites, resulting in decreased sales, heavy losses and eventually they returned.
Some for loss through Amazon for sale, some saved their business.
Easy to connect with amazon
There is no fee to list your product in the catalog and you can start selling without paying anything until your product is sold.
This helps your product run smoothly and Amazon also handles the return policy for you. This adds to the Amazon benefits!
Amazon Marketplace Tutorial – Account Type
You should definitely check what options you must essentially make before selling your product.
The first choice you should make is about the account you should keep. Secondly, what product you should sell, and third is how you should manage the shipment and return for the product.
Amazon offers two types of accounts
- Personal account
- Business account
If you are a small seller with very few items to sell water or simply to test, then this type of account is tailor-made for you.
It is a pay-as-you-go system and does not include any monthly account fees. Each time you need to pay a $ 0.99 fee for selling and ordering items and access to an original set of equipment to order.
You can sell many items that already have listings on the site but cannot create new listings on Amazon.
Also, you cannot apply to sell in restricted categories on Amazon such as health, personal care, grocery, clothes, shoes, watches, beauty items.
You cannot offer free shipping to entice consumers, Amazon decides the shipping rates for you. However, you can upgrade your personal account to a professional whenever you want.
If you are selling 40 or more products then you can opt for this plan.
It includes a monthly membership fee of $ 39.99 but you can also enjoy a $ 0.99 rebate with each product sold to a personal account.
You have access to advanced management and inventory listing tools and can create new product listing pages.
You can also apply to sell products belonging to the restricted category or to fix the shipping charges of your product. The benefits of choosing to become a professional salesman outweigh the potential downside.