Whether you’re starting an online business or you already have a reputable online store, you should try selling your products on Amazon. Many aspiring businessmen choose this path because it is the best way to start selling right away, without having to wait for the brand to become recognizable.
In addition, many already well-known businesses also sell on this marketplace. This is because many want to sell their products to overseas buyers. Since international expansion can be costly, selling on Amazon is the most cost-effective solution for sellers to expand into international markets.
Here are some interesting statistics for sellers:
- Over 75% of sellers this year are profitable on this marketplace;
- Already within 1 year of selling on Amazon stores become profitable;
- About 50% of sellers sell only five items or even less;
- 25% of stores selling on this marketplace have over one hundred thousand dollars in annual profit within two years.
It is impossible not to be surprised by such facts. If you are still in doubt, then we will tell you about other good reasons to start selling.
Easy to sell
You don’t need to have dozens or hundreds of different products to start selling. You can have only five products or even less and that will be enough. In addition, you can decide how you manage orders.
You can choose from either of the two fulfillment methods that you find the most attractive. The choice consists of either FBA or FBM. In the first case, you pay a fee so that the marketplace employees take over the work of delivering goods, as well as providing customer support. In the second case, you can manage orders yourself.
92% of merchants prefer to have marketplace employees do most of the work. While their most important task will remain the delivery of goods to the warehouse. This does not mean that you can just sit and do nothing. You will have a lot of work to do and you may want to use the services of an Amazon FBA virtual assistant who will be ready to offer you his deep knowledge of selling on this marketplace.
An increasing number of online shoppers
Two years ago, the number of people who prefer to buy goods online was nine hundred million. The global pandemic has changed a lot and last year the number of online shoppers increased to almost 2.15 billion people. This number will only continue to grow as no one is going to give up the convenience of ordering goods at home or anywhere using a smartphone.
The convenience also lies in the fact that people can buy absolutely everything online from pens to smart home gadgets. There are no limitations. Shoppers just need to have their credit cards and start shopping. The very next day, the goods will be waiting at their doorstep.
All sellers are equal
Whether you are a new entrant or have been selling on the marketplace for many years, you will be treated the same. For example, if you decide to open an online store and create your website, then the competition you will face will be fierce. The big players in the market will simply crowd you out with their budgets, which they can spend on marketing, SEO, and more.
Amazon also has various marketing offers that you can take advantage of depending on your budget. However, if you sell good products that buyers will leave positive reviews for, then you will not go unnoticed.
These reasons are great if you are looking to expand your business or are just starting. In the beginning, you just need to make sure that customers remain satisfied with your services. As your business grows, you will be able to take advantage of various marketing opportunities to attract more customers and increase profits.