Amazon FBA Business Tips Worth Knowing of
Trading on Amazon is seeing sellers rake in millions of dollars in revenue, actually 19% of sellers on the platform reported to have made not less than a million dollar sales in the past year. Of this group of sellers who make as much on Amazon, a good number are those on Amazon’s FBA program.
This as such has made the Amazon FBA program one that has appealed to many and attracted a number of merchants. But this be as it may, before you jump in and get into this platform, you need to know some facts on trading on this platform, Amazon FBA program. By and large, just as it is often the case that one wouldn’t dive into any business venture without doing some background research on them, the same principle applies when you are looking at the Amazon FBA program. Read on in this post and see some of the things that you should have in mind as you plan to have your Amazon FBA site set up and running for business.
First and foremost, you should understand what an Amazon FBA Business is. By and large, there is actually a difference between selling items as second hand on Amazon and selling on the Amazon FBA program and this is one thing that hasn’t been much understood by many. When it comes to selling items second hand on Amazon, virtually anyone can sell like so. For more on selling items second hand on Amazon, read more here.
FBA basically stands for Fulfillment By Amazon. This typically means that it is Amazon that will be taking care of your customers. By and large, it works more or less like drop shipping only that it has the extra benefit in allowing you to test the products for yourself before you sell them.
It is to be understood that there are charges to trading on the Amazon’s FBA program and these will be in monthly pays and a percentage or slight share of your sales that will be charged for holding the products in their warehouse. It will be Amazon who will be taking on the responsibility to store the items or goods for you, package them and ship them to your customers when ordered for.
Plus, you should bear in mind the fact that for your Amazon FBA program, you will need to have with you some money for startup needs. You can source for these funds from investors who may be interested in seeing your business grow.