8 Things to Do BEFORE You Start Selling on Amazon (Tips for New Amazon Sellers)

Learn the 8 things to do BEFORE you start selling on Amazon & create an Amazon store.

***VIDEOS REFERENCED***

First thing to do BEFORE you start selling on Amazon: Get an Amazon Pro Merchant Account

Why? Because having an Amazon Pro Merchant Account is a necessary prerequisite to winning the Buy Box. Winning this is crucial as a new seller for two reasons:

1) About 80% of sales are made using the Buy Box - so not winning this means you miss out on crucial sales opportunities.

2) When you are the featured seller in the Buy Box the number of reviews you have are not featured, so it means that new sellers won’t be discriminated against for having little-to-no reviews by buyers.

Even though it costs money compared to opening a free seller account, I strongly recommend it because you’ll make more money with one.

Second thing to do BEFORE you start selling on Amazon: Have the documents ready when applying for an Amazon account

When creating an Amazon account, you will need the following documents:

1) Photos of a national ID (like a passport or a drivers license).
2) A bank statement with your address on it.

So before you start an account, take photos and download your latest bank statement and upload these documents when Amazon asks for them.

Third thing to do BEFORE you start selling on Amazon: Act fast - DON’T wait!

Amazon is regularly changing their requirements. For example…

* In 2014 they changed Personal Care into a restricted category.
* In 2016 they made it so new FBA sellers couldn’t send in their first shipment during the 4th quarter.
* And in 2017, they changed it so you need to upload proof of ID documents during the account creation process.

The sooner you get started, the easier it’ll be.

Fourth thing to do BEFORE you start selling on Amazon: Pick your Amazon business model

There are several types of business models to pursue when opening your Amazon store (private labeling, wholesale selling, dropshipping & retail arbitrage). Before you open your Amazon business, you need to pick the right one that meets your skillset and access to resources.

For example, private labeling has the advantage of being very hands-off. But it requires a large upfront investment. While a dropshipping business takes more time to manage, but it requires a lot less money to get started. Weigh up the pros & cons.

Fifth thing to do BEFORE you start selling on Amazon: Get a credit card (or a debit card)

When you sell on Amazon you need to pay selling fees. To pay these, Amazon requires you have either a credit card or a debit card. You cannot use a Payoneer card or a prepaid debit card. If you don’t have this, then consider opening an Aliexpress dropshipping store on your own website.

Sixth thing to do BEFORE you start selling on Amazon: Figure out a plan to manage your cash flow

Don’t be afraid by the word “cash flow.” All we mean is that you need to have a plan for how you are going to pay for the items you are going to sell. Why? Because Amazon holds your money for 2 weeks as a new seller. This means:

1) If you’re dropshipping, you need to have money to use in the meantime to order the items the customer has purchased.

2) If you’re private labeling, it’s prudent to have money set aside to replace inventory if your product gets super-successful super-fast.

While you could save up hundreds to thousands of dollars, the easiest way to manage this is with a credit card. If you don’t have a credit card then I recommend working on your credit score and making it a priority to get one.

Seventh thing to do BEFORE you start selling on Amazon: Check if the category you want to sell in is restricted

Some item categories on Amazon are unrestricted (ungated categories) and you can sell in them without submitting an application (e.g. home & gardening). But some categories are restricted (gated categories). Some categories are very easy to get unrestricted in (like clothing & accessories) but some are more difficult (e.g. food & grocery). Be sure to check before getting started.

Eighth thing to do BEFORE you start selling on Amazon: Set aside time each day/week to manage/grow your Amazon business.

Make sure you set aside time each day to fulfill orders & answer emails/questions. And set aside time each week to grow your business. For many this will be working on weekends. Doing this can be challenging: But it’s a right of passage that most business owners go through. So don’t get discouraged: The rewards are well worth it!

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The 8 things mentioned in this video are:
1) Get an Amazon Pro Merchant Account
2) Have the right documents ready when applying for an Amazon account (i.e. passport & bank statement)
3) Act fast - don't wait
4) Pick your Amazon business model
5) Get a credit card or at the very least, a debit card
6) Figure out a plan to manage your cash flow
7) Check if the category you want to sell in is restricted
8) Set aside time to (sic) every day and every week to run and grow your new business

[barbarabutler]

She is the best and really provides accurate details. Everyone else is self fulfilling when it comes to teaching others the business.

[Think_]

I have to agree with other comments. She is straight to the point and covered some of the best points. Thanks for sharing the info. People always think they dont want to give out their secrets. But, if you are smart you will succeed anyway. You are smart!

[MandaParaMinhaCasa]

I watched like tons of videos about Amazon. Your style is the best. People complain about life, about Amazon Program and don't pass the info. You go strict to the point. You have my 10. Thank you so much!

[kc]

Just watched a video of your for the first time. Two thumbs-up !! I subscribed as well and look forward to watching any of your other insightful videos. Thank you :)

[hangaboutsinternational]

Thanks Sarah, I love the simplicity of you videos. Keep up the good work!

[dorcadeleon]

Well done, Sarah!Your style is fresh and upbeat!You make a good teacher!.Thank you!

[catsmeowmysticalshop]

you get right to the point and that's what makes this such a great video to watch! Thank you so much!

[iyannasmith]

Hello Sarah, I just wanted to say how much of a great job I thought you did making this video. THANKS SO MUCH😊😊😊🤗

[rhumgyhn]

Thanks for the heads up..
I appreciate that I didn't have to learn by trial and error.

[josephbuck]

Hey Sara, Just wanted to thank you for making these videos. I have been thinking of doing amazon FBA for a while now and your how to videos have answered many question that I did not even think to ask. I just downloaded your book and signed up with Salehoo. Thanks again.

[clydeb]

Thank you Sarah. Very straight forward info.

[mariaritchie]

So impressed, thank you for teaching us! 😘

[aymatic]

I love you Sarah you are just amazing reach of useful informations.
I watch all of your videos and i just wanted to tell you that you are awesome.
Thank you so much

[scottiewardle]

just an update: the two documents required for sign up must now be scanned documents. Not pic for your phone or downloaded etc

[marcleon]

Well done. Thank you!! You get right to the point and there is no wasted motion. You are also easy on the eyes :)

[nancymarunya]

This video is amazing and very informative. LOVE IT, Can't wait to start my amazon business!! ThankYou.

[booster]

Your videos are very informative, catchy and to the point, please keep postings more videos. Keep up the good work.

[mftakkun]

I’ve seen a lot of video on selling on amazon and this by far is my favorite channel I have found. Thanks for everything

[kennyagarwal]

Great work! Your videos are very simple and useful. I cannot thank you enough for your help. Keep up the good work and wish you well for your future :)