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- Who can start selling on Amazon
- Any one doing job or running a business
- Documents required
- GST
- PAN
- Bank Account
- IEC code
- Bank AD code
- Amazon will provide third party vendor to get this through
- Registering Brand (Optional but highly recommended)
- You can register brand in India but can access tool on Amazon USA
- It will give access to important tools on Amazon USA
- Its optional but highly recommended
- Register your brand with Amazon
- Finding Product
- Find suppliers in India.
- From India we export, leather, marble, wooded, brass, clothing, bedding and supplements
- Choose products with high demand but add value to them like if you are selling a mouse or keyboard adding cleaning kit with just an incremental cost of 10% will attract more customers.
- Aim for 40-50% gross margin after after deducting Amazon Fee, Fulfilment Fee, Shipping fee to the Amazon warehouse and Product Cost.
- Finding Supplier
- You can search on google or Indiamart or you can use Chinese suppliers
- Ask for samples
- Try to talk with factory owners not traders
- Order in small quantities initially
- Shipping to Amazon USA
- Amazon assists you in finding the shipper
- Documentation required for shipping will be provided by Shipper
- Listing Product
- One of the important steps
- Find keywords
- Write listing
- Create images which communicates use case and benefits to users
- Running Ads
- Its the major cost
- In some cases cost of Amazon PPC per unit is more than the actual cost of product
- Investment
- A fair investment depends on your goals
- Divide your investment in 4 parts
- Only use one part in a first go
- There are chances of failure here
- But you will loose one part and gain a lot of experience
- Keep other 3 parts for scaling up if it works out if doesn’t works out simply use another part to launch other product
- Inventory Re-ordering
- Calculate your inventory manufacturing timeline and number of units sold per month i.e if you are selling 800 units per months, manufacturer takes around 2 months with a minimum qty 2000, then you should order as soon as you are left with 1600 units in Amazon warehouse.