How To Start An Amazon Business

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

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

I'd never seen anything like it.

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

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

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

What is an Amazon FBA business?

An  Amazon FBA business is just a setup where you, as the seller, get to decide on what product you wish to sell, find a supplier, order the merchandise, package, and ship. Everything is housed in one of Amazon's many Fulfillment Centers, and chances are they look after the rest.

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

Although it has its pros and cons, alongside many details to comprehend as an owner, the FBA business design is just a pretty enticing one, especially when explained in great detail.

So, if you've decided that the Amazon FBA business design is right for you, what's the next phase? To get your business up and running, of course!

To launch and be successful from the start, you ought to create an Amazon FBA business plan. Having this will not just provide you with a stage-by-stage guide to check out, but if you ever need to improve capital to fund the growth of your business, then you'll have business plan to provide to investors.

If you'd prefer to see some Amazon FBA businesses that are already successful, register for a free of charge account on our marketplace. To discover which kind of buyer you may be, take our buyer persona quiz.

Pick Your First Product

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

Not to place an excessive amount of pressure on you, but deciding on the best product in the first place will make or break your business.

Okay, it probably won't break it, but if there is little or no demand for the first product, if it's competing within an ultra-competitive market, or if it's expensive to buy in bulk, then may very well not start to see the profitable returns you were hoping for https://ggmoneyonline.com/start-an-amazon-business/.

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

Remember: this first product might function as the start of a continuing means of trial and error. Even though you try your absolute best to choose a product that feels want it is a winner, there can be better products to list or better approaches to supply or market it. Nevertheless you gotta start somewhere, right?

Source Your New Product

You probably feel pretty relieved now that guess what happens your FBA business's first product will undoubtedly be, but don't relax too much. Your following step is to determine 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 a product, you've identified where you're getting hired from, so it's finally time to start spreading the word about your kickass product that you're super excited to be selling on Amazon.

Whilst having it listed on Amazon is already going to offer it a good amount of traffic, you can find still several items to bear in mind when crafting your product's description and marketing your product.

Final Thoughts

For Amazon FBA beginners, it's a tough job to begin your own business. However, the aforementioned tips will allow you to determine the entire means of the business. If you should be 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.