Four Lessons for Amazon FBA Beginning Sellers
Are you looking to sell your products on a large scale? The Amazon FBA program is the best platform for that. If done correctly, you can become a full-time Amazon seller with great profits to look forward to. However, failing to strategize your selling plan can turn your efforts into dust.
Each process in the selling chain not only requires proper planning but also poses a new challenge that can impact the sale of your products. If you’re just starting out on your Amazon FBA selling journey, here are four things you have to keep in mind.
1. Positive Reviews Generate Sales
Products of all types can be sold through the Amazon FBA sales program, but not all items sell. Most shoppers check reviews made by previous customers before making a purchase. That said, it would be wise to focus on your products that have garnered good customer rating. Not only do you avoid product returns but you also raise your revenue.
2. Pricing Impacts Profits
There are different factors that can affect your profit margins. Spending less on sourcing costs puts you in a good position to price your own products. The lower the sourcing costs are, the higher profit margins you can expect.
Quantity is another factor that influences your profit margin. The number of products you’re able to sell through the Amazon FBA program can determine how much profit margin you get. If your products do well on the market, you can expect your profit margins growing. On the other hand, your slow-moving products can incur storage fees, affecting your revenue in return.
3. Product Shipment Matters
When shipping your products to Amazon fulfillment centers, make sure to follow the FBA inventory requirements, including the product barcode, preparation and safety requirements. This is to minimize product defects, prevent unnecessary fees, and avoid temporary suspension of your shipping privileges. Otherwise, all these could impact your profit margins.
Before you send your products to an Amazon warehouse, make sure they are well-packaged and labeled correctly. You also have to weigh the package and measure its dimensions. Labelling is pivotal and should be as clear and accurate as possible. Failing to do so could result in your package being rejected and returned to you.
Other additional things needed for proper packaging include:
- Scotty Peelers that are used for removing the price tags in the items.
- Poly wraps or self-seal poly bags helps in enhancing the packaging appearance of your goods.
- Dymo label printer for printing the Amazon FNSKU label needed for the goods you are going to ship.
First-time packaging can be a challenging task. Don’t worry, the process becomes easier as time passes by.
4. Amazon FBA Tools are Integral
Selling on the Amazon FBA program is not without challenges. Whether you’re a new seller or not, it pays to use tools that can sail you through the selling process with ease. It’s up to you to use tools found on Amazon Central or tap into third-party solutions that can add value to your business.
An all-encompassing Amazon seller software is highly recommendable if you want to streamline every process in your business, including:
- Sales and profit reports
- Inventory management
- FBA shipping monitoring
- Customer and supplier analysis
- Feedback and reviews generation
- Product search and filtering
Should you decide to take advantage of third-party tools, it’s important to conduct thorough research so you don’t fall into the wrong hands. SellerMobile, for one, has an array of analytical tools and features you could give a try for 30-days. Get in touch if you want to learn more.