Here are some Dos and Don’ts about how to launch a product on Amazon.
#1. All about the Product
Create a product concept and perfect listing. Outline your unique selling points. Convince shoppers to buy your item.
#2. All about Numbers
Accurately calculate all your expenses down to a single penny through amazon fba cost calculator You need to ensure that you at least double your invested money. Your product should always have a competitive price and a reasonable margin.
There are a lot of hidden Amazon fees you most likely don’t know about and you will not see them in your Amazon Seller Central as well. There are Amazon seller tools to process all your figures, taking care of your business analytics and product profit details. Some of them are free for the beginners.
#3. All about Reasonable Strategy
Make it simple and clear. Work it out through all steps and plan everything in advance.
Elaborate advertising strategy based on PPC, researched keywords. Remember that customers buy on Amazon through keywords and phrases and you need to develop this skill to drive traffic to your listing. Create sponsored ads, trademark, and Amazon Brand Registry.
Diversify your sales. Select a number of products and multiple marketplaces.
#4. All about Manufacturing and Logistics
Select a reliable manufacturer and plan your delivery with regard to time and money. Take an informed decision about fulfillment method, FBA or FBM, and consider your stock location. And don’t forget to accurately calculate your Amazon FBA fees, they might burn your profit.
#5. All about Patience and Hard Work
Before starting to sell on Amazon, you need to understand that all those “AMZ gurus” telling you about the “skyrocketing or magic” immediate success of your product is, in most cases, exaggerating. You shouldn’t place false hopes on the easy profits.
Be patient, know your figures, and don’t be afraid of starting your Amazon business.
Finding a new product for Amazon is tricky and requires a lot of effort. However, it’s not less important to monitor the efficiency of all your product business metrics. On Amazon, you always need to stay on top of all your product KPIs. To do that, you need to constantly monitor your main business metrics to maintain and grow your product. Keeping track of your figures is a key to maximizing your profits.
Don’t buy the lies that say getting successful on Amazon FBA Online is easy. It needs knowledge, dedication, time, and money. And it’s important to be patient. Being a third-party seller on Amazon isn’t like finding a treasure map and getting rich quickly. It’s like any other business.
It doesn’t mean that to get disappointed. It just means to be realistic. Set your goals according to the time and money you can invest. Then never stop learning to be a successful seller.