How to start selling on Amazon?
Posted: Tue Dec 24, 2024 6:40 am
Amazon creates an opportunity for entrepreneurs to enter foreign markets with their products, with the possibility of using the marketing values already developed. How can you become a part of this system? What are the rules for selling on Amazon? What are the accounting issues related to this type of activity? These questions will be discussed in the following article.
Selling on Amazon – Issues Discussed:
Amazon Selling Rules
How to start selling on Amazon?
Sales Promotion on Amazon
Amazon Sales and Fees
Amazon and taxes
Amazon Selling Rules
Here are the basic rules of selling on Amazon:
the seller offers his products on the platform;
the products offered are delivered from Amazon warehouses;
Amazon stores products until they are of interest to customers;
Amazon offers after-sales services, including returns, exchanges and complaints;
Amazon delivers the products to the customer.
How to start selling on Amazon?
screenshot from amazon
Intuitively, the first step to start selling on Amazon is to create an bosnia and herzegovina whatsapp number database on the platform. To ensure this process goes smoothly, it is a good idea to prepare in advance. To achieve this, it is advisable to collect the following documentation and data:
international payment card,
current contact number,
contact person details,
details of the bank account to which the funds will be transferred (preferably, it will be established in the country of account registration),
data relating to the company, resulting from the entry in the relevant register (including type of business, assigned registration number, date of registration, registered office address),
EU VAT registration
At this stage, you also need to choose the type of account – professional or individual.
The first requires a monthly fee of $39.99, but gives you the freedom to choose the number of products you can sell per month.
On the other hand, setting up an individual account does not in itself require you to pay fees “up front” – these are added to each transaction. Therefore, when you are thinking about developing your business, setting up a professional account is essential.
After registering an account, the following steps must be followed:
1. Selecting products and markets – this choice is made based on the demand for specific goods and on the analysis of the competition; issues of a legislative nature, especially tax and consumer protection regulations, are also important.
2. Prepare product listings – this step is all about creating an auction that encourages people to buy products. At this point, it’s worth creating attractive entries that stand out from the competition.
3. Choose your preferred method of shipping products – here you can use the Amazon Fulfillment (FBA) service, under which Amazon will be responsible for storing, packaging and delivering the products, or you can decide to perform these actions yourself.
However, using the program brings many benefits, such as increased customer confidence, comprehensive customer service, and the ability to scale your business – all at the price of two standard fees: for storage and for shipping implementation, plus possible one-time fees.
4. Use additional tools provided by Amazon – including determining optimal prices and optimal inventory.
Selling on Amazon – Issues Discussed:
Amazon Selling Rules
How to start selling on Amazon?
Sales Promotion on Amazon
Amazon Sales and Fees
Amazon and taxes
Amazon Selling Rules
Here are the basic rules of selling on Amazon:
the seller offers his products on the platform;
the products offered are delivered from Amazon warehouses;
Amazon stores products until they are of interest to customers;
Amazon offers after-sales services, including returns, exchanges and complaints;
Amazon delivers the products to the customer.
How to start selling on Amazon?
screenshot from amazon
Intuitively, the first step to start selling on Amazon is to create an bosnia and herzegovina whatsapp number database on the platform. To ensure this process goes smoothly, it is a good idea to prepare in advance. To achieve this, it is advisable to collect the following documentation and data:
international payment card,
current contact number,
contact person details,
details of the bank account to which the funds will be transferred (preferably, it will be established in the country of account registration),
data relating to the company, resulting from the entry in the relevant register (including type of business, assigned registration number, date of registration, registered office address),
EU VAT registration
At this stage, you also need to choose the type of account – professional or individual.
The first requires a monthly fee of $39.99, but gives you the freedom to choose the number of products you can sell per month.
On the other hand, setting up an individual account does not in itself require you to pay fees “up front” – these are added to each transaction. Therefore, when you are thinking about developing your business, setting up a professional account is essential.
After registering an account, the following steps must be followed:
1. Selecting products and markets – this choice is made based on the demand for specific goods and on the analysis of the competition; issues of a legislative nature, especially tax and consumer protection regulations, are also important.
2. Prepare product listings – this step is all about creating an auction that encourages people to buy products. At this point, it’s worth creating attractive entries that stand out from the competition.
3. Choose your preferred method of shipping products – here you can use the Amazon Fulfillment (FBA) service, under which Amazon will be responsible for storing, packaging and delivering the products, or you can decide to perform these actions yourself.
However, using the program brings many benefits, such as increased customer confidence, comprehensive customer service, and the ability to scale your business – all at the price of two standard fees: for storage and for shipping implementation, plus possible one-time fees.
4. Use additional tools provided by Amazon – including determining optimal prices and optimal inventory.