Learn the 8 things to do BEFORE you start selling on Amazon & create an Amazon store.
►► How to Make 10k/Month Online ebook:
***VIDEOS REFERENCED***
How to Create an Amazon Account:
How to Start an Aliexpress Dropshipping Store with No Money:
Amazon Restricted Categories:
First thing to do BEFORE you start selling on Amazon: Get an Amazon Pro Merchant Account
Why? Because having an Amazon Pro Merchant Account is a necessary prerequisite to winning the Buy Box. Winning this is crucial as a new seller for two reasons:
1) About 80% of sales are made using the Buy Box – so not winning this means you miss out on crucial sales opportunities.
2) When you are the featured seller in the Buy Box the number of reviews you have are not featured, so it means that new sellers won’t be discriminated against for having little-to-no reviews by buyers.
Even though it costs money compared to opening a free seller account, I strongly recommend it because you’ll make more money with one.
Second thing to do BEFORE you start selling on Amazon: Have the documents ready when applying for an Amazon account
When creating an Amazon account, you will need the following documents:
1) Photos of a national ID (like a passport or a drivers license).
2) A bank statement with your address on it.
So before you start an account, take photos and download your latest bank statement and upload these documents when Amazon asks for them.
Third thing to do BEFORE you start selling on Amazon: Act fast – DON’T wait!
Amazon is regularly changing their requirements. For example…
* In 2014 they changed Personal Care into a restricted category.
* In 2016 they made it so new FBA sellers couldn’t send in their first shipment during the 4th quarter.
* And in 2017, they changed it so you need to upload proof of ID documents during the account creation process.
The sooner you get started, the easier it’ll be.
Fourth thing to do BEFORE you start selling on Amazon: Pick your Amazon business model
There are several types of business models to pursue when opening your Amazon store (private labeling, wholesale selling, dropshipping & retail arbitrage). Before you open your Amazon business, you need to pick the right one that meets your skillset and access to resources.
For example, private labeling has the advantage of being very hands-off. But it requires a large upfront investment. While a dropshipping business takes more time to manage, but it requires a lot less money to get started. Weigh up the pros & cons.
Fifth thing to do BEFORE you start selling on Amazon: Get a credit card (or a debit card)
When you sell on Amazon you need to pay selling fees. To pay these, Amazon requires you have either a credit card or a debit card. You cannot use a Payoneer card or a prepaid debit card. If you don’t have this, then consider opening an Aliexpress dropshipping store on your own website.
Sixth thing to do BEFORE you start selling on Amazon: Figure out a plan to manage your cash flow
Don’t be afraid by the word “cash flow.” All we mean is that you need to have a plan for how you are going to pay for the items you are going to sell. Why? Because Amazon holds your money for 2 weeks as a new seller. This means:
1) If you’re dropshipping, you need to have money to use in the meantime to order the items the customer has purchased.
2) If you’re private labeling, it’s prudent to have money set aside to replace inventory if your product gets super-successful super-fast.
While you could save up hundreds to thousands of dollars, the easiest way to manage this is with a credit card. If you don’t have a credit card then I recommend working on your credit score and making it a priority to get one.
Seventh thing to do BEFORE you start selling on Amazon: Check if the category you want to sell in is restricted
Some item categories on Amazon are unrestricted (ungated categories) and you can sell in them without submitting an application (e.g. home & gardening). But some categories are restricted (gated categories). Some categories are very easy to get unrestricted in (like clothing & accessories) but some are more difficult (e.g. food & grocery). Be sure to check before getting started.
Eighth thing to do BEFORE you start selling on Amazon: Set aside time each day/week to manage/grow your Amazon business.
Make sure you set aside time each day to fulfill orders & answer emails/questions. And set aside time each week to grow your business. For many this will be working on weekends. Doing this can be challenging: But it’s a right of passage that most business owners go through. So don’t get discouraged: The rewards are well worth it!
Brilliant work! Keep it up!
It’s such fun listening to Sarah. ?
THE -… -BEST … – TIME
When listing your own brand of product do you upload a picture of it or does Amazo FBA do it for you?
Thank you for placing the notes below the video. I am desperate to get out of my job. These videos are hope and informative, and even cute. However I feel like my mind is sprinting trying to keep up with the dialogue. So the notes are essential for me. Thanks.
I watched like tons of videos about Amazon. Your style is the best. People complain about life, about Amazon Program and don’t pass the info. You go strict to the point. You have my 10. Thank you so much!
lol
1. “make” – revenue or clear profit ? 2. For the USA only, right?
Watch Seth Kneip I think you’ll start thinking differently!
Great work! Your videos are very simple and useful. I cannot thank you enough for your help. Keep up the good work and wish you well for your future 🙂
Sarah, you’re the best! Thanks for all your insight and help. I really enjoy watching you and the way you roll your eyes, you’re so cute.
Why would you be so helpful and awesome for no reason. #notallheroeswearcapes
Chris Zoupa: Some people don’t need a reason to be kind and helpful. It is just a part of their nature. Thank you, Miss, it was very well thought out and delivered.
Thanks Sarah, I love the simplicity of you videos. Keep up the good work!
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Thank you Sarah! Don’t mind those negativity, just keep doing your thing 😉 Go girl!
Well done,Sarah!Your style is fresh and upbeat!You make a good teacher!.Thank you!
So impressed, thank you for teaching us! ?
Hello! I love your videos, thank you for doing them! Do you have videos about what to do (or how to find out why) if the product you want to sell is not already on Amazon? I’ve heard you should look for high demand, low competition and that you don’t want to be the first one in the niche if you are a beginner, but it’s hard to believe that the product I want to sell is not already being sold. I’d like to know if it’s because of low demand or because the hoops to jump through are too many in number, etc.
I have to agree with other comments. She is straight to the point and covered some of the best points. Thanks for sharing the info. People always think they dont want to give out their secrets. But, if you are smart you will succeed anyway. You are smart!
The 8 things mentioned in this video are:
1) Get an Amazon Pro Merchant Account
2) Have the right documents ready when applying for an Amazon account (i.e. passport & bank statement)
3) Act fast – don’t wait
4) Pick your Amazon business model
5) Get a credit card or at the very least, a debit card
6) Figure out a plan to manage your cash flow
7) Check if the category you want to sell in is restricted
8) Set aside time to (sic) every day and every week to run and grow your new business
@Alicia Campos Massó Can i use a debit visa card? And for the bank statement which portion is needed, how many pages do I need to submit it? Please help its urgent.
u are bless In Jesus Name
@Natasha The list was in the video. 10 mins. to watch.
Thats what I loved about this video, she doesn’t waste time and tells it like it is. No filler crap!
@april lynda03 no you cant use a debit card. It must be a credit card that they can charge at any time regardless of funds.
Just watched a video of your for the first time. Two thumbs-up !! I subscribed as well and look forward to watching any of your other insightful videos. Thank you 🙂
@Wholesale Ted Thank you for making this straight-to-the-point, informative video.
thank you so much for this video! I connected with ninjas and they helped me launch on amazon – i didnt have much time to do it, so i would defo give it a try if you are new to then amazon seller world!
Very helpful info !! Thanks. The 8 questions will help me setup and head in the right direction.
She is the best and really provides accurate details. Everyone else is self fulfilling when it comes to teaching others the business.