How To Start An Amazon Business

When my husband and I decided to try building an Amazon FBA business, little did we all know we'd grow it to over 1 million dollars in revenue within 12 months!

We'd one small kitchen product which from our research seemed to be in fairly high demand on Amazon. It cost us significantly less than $2 to purchase it and ship it to Amazon. We sold it for $15 and inside a year we'd sold over 84,000 units.

I'd never seen anything like it.

I'm not saying it absolutely was easy. We worked our little buns off over that year, but it absolutely was incredible to see how a Amazon machine worked.

We continued to develop the company to revenues topping $3 million (net profits in the region of 18%) until we sold the company in 2020.

In this post I'm planning to break up the steps we took to develop the company, lessons we learned along the way (including some mistakes to not make), the secret sauce of Amazon FBA, what works now to develop an Amazon FBA business in 2022.

What is an Amazon FBA business?

An  Amazon FBA business is a setup where you, as the seller, get to choose what product you want to sell, look for a supplier, order these products, package, and ship. Everything is housed in another of Amazon's many Fulfillment Centers, and then they take care of the rest.

(It's a little different from becoming an Amazon Affiliate.)

While it has its pros and cons, alongside many details to comprehend as a supplier, the FBA business model is a pretty enticing one, especially when explained in great detail.

So, if you've decided that the Amazon FBA business model is right for you personally, what's the next thing? To truly get your business up and running, obviously!

To launch and be successful from the beginning, you need to create an Amazon FBA business plan. Having this may not only offer you a stage-by-stage guide to check out, but if you ever need to boost capital to fund the growth of your business, then you will truly have a business plan presenting to investors.

If you'd like to see some Amazon FBA businesses that are already successful, register for a free of charge account on our marketplace. To find out which form of buyer you could be, take our buyer persona quiz.

Pick Your First Product

The first step in this technique could be the hardest (and could be pretty time-consuming), and it's picking your first product.

Not to put an excessive amount of pressure for you, but selecting the most appropriate product to start with could make or break your business.

Okay, it probably won't break it, but if you have minimum demand for the first product, when it is competing in an ultra-competitive market, or when it is expensive to purchase in bulk, then may very well not begin to see the profitable returns you had been hoping for.

You are able to avoid that heartache by making the effort to brainstorm, do market research, and explore different supplier options (we'll get for them within the next step).

Remember: this first product might function as the start of a continuing procedure for trial and error. Even if you try your absolute best to choose something that feels like it would have been a winner, there will be better products to list or better approaches to supply or market it. But you gotta start somewhere, right?

Source Your New Product

You almost certainly feel pretty relieved given that you know what your FBA business's first product is going to be, but don't relax too much. Your following step is to find out where you're going to truly get your product from, and this is almost as time-consuming as picking the product.

Market the Hell Out of Your Product

Alright. You've picked something, you've figured out where you're getting it from, so it's finally time for you to start spreading the phrase about your kickass product that you're super excited to be selling on Amazon.

While having it listed on Amazon has already been going to offer it a fair quantity of traffic, you will find still several things to remember when crafting your product's description and marketing your product.

Final Thoughts

For Amazon FBA beginners, it is a tough job to start your personal business. However, the above mentioned tips can help you figure out the whole procedure for the business. If you are stuck in your sales, you can incorporate some of them to grow your ecommerce business. Now, it's time for you really to go ahead Click Here.