Fulfillment by Amazon or FBA accounts for a huge amount of contribution to Amazon’s earnings by providing e-commerce services to third-party vendors the means of storing products in Amazon’s fulfillment centers and enables big companies like eBay, Alibaba, and MercadoLibre to carry out logistics services including:
Picking, packing, and sorting products
Shipping and tracking products around the world
Process returns and refunds
Access To Warehouse
Fulfillment by Amazon also allows small vendors to have access to its web-to-warehouse system that handles logistics and offers their goods alongside Amazon’s own products. Although Amazon charges a fee for completed orders and storage space, the vendor fees also cover shipping costs as well as 24/7 customer service.
Here are the steps you need to do on How to start an Amazon FBA business in Nevada
Create an FBA Account
Creating a Fulfillment by Amazon account is simple and straightforward. It’s as easy as signing up or registering for an email account by following a step-by-step process to complete your registration.
Go to Amazon’s homepage and scroll down to the bottom
On the 2nd column, under “Make Money with Us” click on “Sell on Amazon”
You’ll be directed to a new page where you simply click “Start selling” and follow the steps.
Choose a Product Niche
Choosing A Niche
Selling a product when you aren’t sold do it as an advocate is difficult. Make sure to sell products that are of value to people and something that you would personally use. Keep in mind that you would have to write an article about your niche to persuade people to buy your products to generate sales and earn profits. A well-written list of products helps to create internet traffic and have a higher click rate based on search results.
Your product listing consists of the following:
Conduct a Product Research
It’s good that you are an advocate of certain products and that you are even willing to do more than talking about. However, keep in mind that not everybody has the same taste or preference. Here are some of the things that you need to keep in mind in doing market research:
Best Seller Rankings or BSR indicates which products and their corresponding categories are in demand.
Check the level of FBA Fees that apply to your product niche depending on different factors but as much as possible, keep it at the minimal level to lower your expenses.
Do not compete with established and highly recognized brands or products.
Check items in local retail stores, especially bulk items or clearance items. This will enable you to sell branded products while you are building your business.
Make use of barcode scanning apps on your mobile device for market research such as Amazon Sellers or Scoutify.
Establish Your Product Source
Establish Your Product Source
You can’t sell something that you don’t have and you don’t want to sell something without verifying the quality from your source. For this reason, establishing the source of your product(s) despite the long and time-consuming process is important. Here are some of the sources you can check in finding a supplier.
Overseas Suppliers like Alibaba costs 25% or less than how it normally costs at retail stores on bulk purchases.
Local Trade Shows host events for industry leaders showcasing their products, providing an opportunity for you to source items at a wholesale price.
Bulk and Clearance Sale
Assuming that you were able to successfully source your products from any of the sources previously mentioned, make sure that you check shipping costs and follow specific guidelines on how to prepare and ship orders before you send your products to Amazon’s Fulfillment Center. You may even opt for the option of directly shipping products from your supplier(s) directly to the Amazon Fulfillment Center.
You might want to check Flexiport, a freight forwarding company funded by Google Ventures or other freight forwarding company who offer the same range of services. Flexiport, in particular, offers the service of delivering the stock to the Flexport freight forwarder, who in turn gets the stock to the country where it is destined to be shipped and deals with customs. Consequently, the freight forwarder will hand over your items to the courier who partnered with Amazon who will book it to Amazon’s FBA warehouses.
Create Your Brand
Planning For Growth
Before you think of naming your brand, make sure that you begin with the end in mind and consider the answer to the question, “How would you like your business to look like in a few years from now and what products will you offer in addition to what you have now?” Make sure to consider the following in filtering your options in establishing your brand.
In line with your goals for your FBA business, think of a good name for your brand
Search online to make sure that what you have in mind is not in use.
Think of a brand name with an available domain. Consider the possibility of building your own website as a landing page for your FBA business. If you don’t have an idea where to start, click on the link to check the Top 6 Amazon Landing page generators for FBA Sellers.
Granted that you have already thought of a good name for your business in establishing your brand, make sure to do the following for your Fulfillment by Amazon business.
Come up with a Brand Logo. In case you don’t have the skills to design your own logo, you can employ the services of a Graphic Designer by utilizing Linkedin, Fiverr, Craigslist and other similar platforms.
Create themes and Taglines. Taglines communicate what your business about. It is also used for brand differentiation and recognition which plays a significant role in establishing your brand.
Copyright Your Brand Name and Logo. Copywriting and Filing a Trademark provides intellectual property protection from illegal use, enabling companies to file suit against those who would use an “intellectual property” without permission.
NOTE: You might want to consider registering for an LLC as you process the registration of your brand name and Logo.
Create Product Listings
Provide Valuable Information
At this point, you would have already established your brand and your products are ready for shipping with Amazon’s Fulfilment Center. However, you need to make sure that your product listing would not only provide information that appeals to potential buyers but you also have to make sure that it contains valuable information to influence your customers. In creating your product listing, make sure to do the following things done:
Professional Looking Product Photos
Detailed Product Titles and Description
Keywords (alternative words people might use to find your item)
In line with the need to have all of the pertinent details regarding your product added, make sure that you don’t miss out on the following:
Recommended Browse Node
Product ID (refers to the UPC number you purchased)
NOTE: Fulfillment Channel is very important and should be set to “I want Amazon to dispatch and provide customer service for my items if they sell”
Market Your Product
Despite the great effort you gave in creating your product listings, you can never compete with established brands and products for a fact that yours is not known. Regardless of the algorithm that Amazon FBA uses to rank products on people’s search for goods to be displayed on top of the list, you need to get a lot of sales and reviews in a very short period of time to build a momentum for your products to come first when people look for products using your keywords. Here are some of the things that you can opt for to increase sales, market your products, and build up your brand.
Utilize different Social Media Platforms and Influencers to provide reviews
Offer discounts, Coupons, and Special Deals
Ask previous customers for product reviews
Ask Family Members and Friends to buy products and provide reviews
Taking Care of Taxes
Sales Tax Nexus in the State of Nevada started to take effect as of October 1, 2018, regarding vendors who make more than $100,000 in annual sales or having more than 200 transactions in the state (regardless if it’s on the previous or current year). To determine if a sales tax nexus applies to your Amazon FBA business in Nevada, may do either one of the following:
Pull Inventory Report when you log in to Amazon Seller Central
Use automated Sales Tax Reporting & Filing tools like TaxJar