In the midst of 2019, a drastic shift was observed in the online business world. Everyone wants to hit that successful business market. While searching for a platform, suddenly you landed on Amazon – an international market retailer. The analysis shows that New Amazon sellers can earn more than $800,000 per year profits.
How to be a part of the Amazon?
For selling products on Amazon how to become a part of Amazon, the following steps are required:
Step 1 – Select your marketplace
Amazon is a worldwide business and has 14 global marketplaces:
- Saudi Arabia
- United Kingdom
- United States
Selling products in any of the above marketplaces is free however, a seller should try to follow a few recommendations:
- If you are a US seller, sell in the US marketplace
Although the US isn’t the largest marketplace yet it’s the easiest destination for selling.
- If you are a seller living in the EU or the UK, sell in the EU marketplace
EU is the 2nd largest marketplace encompassing the UK, Germany, France, Spain, Italy, and the Netherlands. Because of US taxation and language barriers, people prefer the EU marketplace.
- If you are a seller living anywhere else in the world, sell in the US marketplace
Step 2 – Select your business model
Choose a proper plan for a business model that perfectly fits your budget, time, investments, and above all, it’s on public demand because that will improve your product market.
Here are some of the most in-demand business models recommended for Amazon sellers:
- Private Label Wholesale
- Reselling (Arbitrage
Step 3 – Select your fulfillment method
Fulfillment methods can be of two types in Amazon: FBA and FBM
- Fulfillment by Amazon (FBA):
94% of Amazon sellers use FBA as an FBA seller sends their particular product directly to Amazon’s warehouse, where Amazon stocks the inventory and ship the desired product directly to the customer (mostly within 2-days of prime shipping) by managing customer support.
- Fulfillment by Merchant (FBM):
34% of Amazon sellers use FBM also called Merchant Fulfilled Network (MFN). FBM seller lists their products on Amazon but management like storage shipping, customer support, etc, is done themselves (or through another third party).
Step 4 – Create an Amazon seller account
After determining the initial steps for selling on Amazon, the next important step is to create the amazon seller account and inaugurate your business.
After deciding what you’ll sell and how customers will buy your product, then you’ll proceed with your business set-up. However, selling on an Amazon is like a sole proprietorship where there is no need of filing an LLC.
Now for account creation following business information is required:
1. Information required:
a. Business information (business name, address, and contact information)
b. Email address
c. Credit card
d. Phone number
e. Tax ID (Federal and State)
2. Search for Amazon Seller Central and go for the box ‘Register now’
3. Choose whether to be the professional or individual seller
4. Fill your information to Amazon account
For more information:https://www.ejadlabs.com/5-easy-steps-to-open-amazon-sellers-account-from-pakistan/
This must be very easy for US resident people, but unfortunately, Amazon is not offering seller services to Pakistani residents. As it does not support the Pakistani bank account system or payment methods. Also, Pakistani passport and license are not accepted for business in the US if you are a non-resident.
Then how a Pakistani resident will open an Amazon seller account? Are you anxious to know about it? So Ejad plus is here for aiding in the opening of amazon seller account and sell your products worldwide. https://www.ejadlabs.com/things-you-need-to-know-if-you-want-to-open-amazon-sellers-account-from-pakistan/
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