Do you want to be a successful Amazon merchant?
Well, there are already thousands of successful sellers on Amazon and there may be thousands more aspiring to become the next success story. While it offers a huge number of opportunities to realize this dream, Amazon is also one of the most competitive online marketplaces.
Amazon has been around for around two decades now. Every year, there are number of sellers who realize their dreams on Amazon and there are a number of others who quit due to failure. However, becoming a successful seller on Amazon is not a game of luck. Like any ecommerce store management, it requires proper knowledge and strategy. This means, even if you have the best product in the world, you won’t be able to make it unless you know what it really takes.
So, whether you already have an Amazon account or are planning to have one, here are a few tips to help you take it to the next level:
Invest in Inventory Management – If you are also selling on several other channels, improper inventory management and order management may compromise your sales and reputation on Amazon. That is why it is best to manage your inventory and sales through an online multi channel inventory management platform.
Go Pro – There are a number of benefits and features that are exclusive for pro-merchant account holders. It is a premium membership account that requires you to pay a certain amount of fee. Many merchants prefer the free account, but we suggest that you pay the substantial fee that the pro version asks for. Most often, it translates into more sales and leads.
Learn the Basics of Online Marketing – Marketing is the key to successful selling. However, marketing your product on Amazon doesn’t just require a fancy description. You must keep in mind hot keywords and catchy headlines that are able to bring leads that turn into sales. But don’t overdo it though. There are a number of fraudulent vendors on Amazon and anything that sounds too good to be true may appear suspicious.
Dropshipping – The reason million of buyers choose Amazon is because it gives power to the consumers. Your buyers can make you or break you. So, it’s utterly important to satisfy them with prompt delivery and satisfactory customer service. In a multichannel environment, dropshipping is one cost-effective and reliable way to ensure timely and proper delivery. Plus, it saves you enough time to focus on other more important business tasks.
Manage Price frequently – One of the most important factors that determine you Amazon success is the price you set for the products. There may be a number of other vendors and merchants selling similar products. That is why you need to keep your prices highly competitive. Tools such as Amazon Repricer help you schedule re-pricing in order to help you take full advantage of peak seasons. You can also easily change the price after observing consumer’s response and demand.