5 Things to Consider When Creating an Amazon Seller Account
Amazon has redefined the e-commerce space. It has become the most sought-after space among online business owners because of the expansive reach it offers and the credibility it lends to their brands. If you are new to the e-commerce business and are keen to venture onto the Amazon platform as a seller, here are a few things you must keep in mind when undertaking Amazon seller registration.
Your Product
Before you undertake the Amazon seller registration, you must research about the products and categories that are doing well on the e-commerce website. Visit the Amazon best-sellers section to scan through product listings that are performing well on the platform. Compare to understand if your products match up to these products in terms of sale potential, quality, etc. Analyse to understand how you can sell your product alongside the top performing sellers.
A word of caution — do not upload all your products on to the website in one go. Venture out with your top products and then gradually scale up as your business grows.
Business Model
Even though Amazon seller registration may appear to be simple, you must decide on the model you will run your business on. You will have to register on the Amazon website — wherein you will have to sign up either as a sole proprieter or as a private limited company.
You need to get your documents ready to register on Amazon. As a sole proprieter, you will have to furnish your applicable tax registration number, PAN number, bank account number, e-mail id and your contact number.
As a company, you will need to submit your tax certificates, certificate of incorporation, memorandum of association, bank account number and your contact details.
Just so you know, registering as a PLC offers you more scalability than in the case of individual Amazon seller registration.
Your Inventory
One of the aspects that Amazon stresses is order fulfillment. To fulfill orders, maintaining a steady inventory is a must. Keep a check on your inventory regularly to ensure that you are not running out of products, which can result in delivery delays and dissatisfaction in customers.
Amazon offers you a platform where you can upload one product at a time or multiple products at the same time. You can easily upload your products using the Inventory tab in your account.
Simple and Easy Fulfillment
Amazon offers an excellent tool to simplify your fulfillment process. With Amazon FBA, you need not worry about entering a new market and managing shipping costs. Check the Fulfilled by Amazon tab under the Services tab in your account. The process is simple and after you have completed the Amazon seller registration, a representative from the Amazon FBA team will reach out to you.
Conclusion
The bottom line is that selling on Amazon is not as simple as it seems. Even the most basic steps such as Amazon seller registration in India require scrutiny of the existing market scenario and research on competitor brands. Equipped with this knowledge, you can confidently present your product line up on Amazon as a seller.
