How To Start Reselling On Amazon || Amazon Reselling: Step by Step Process (For Beginners)

Starting to sell on Amazon can be an amazing, lucrative opportunity. Amazon — Amazon is one of the best platforms available for resellers to reach millions of potential buyers across the globe. So, whether you want to launch a side gig or pursue this business full-time, we cover everything new sellers need to know about getting your feet wet with reselling on Amazon.

Everything you need to know regarding Amazon Reselling

It is basically getting a product at a lower price and selling it on Amazon at a higher price for profit. This model — also referred to as "retail arbitrage" or "online arbitrage" — is based on searching for bargains, buying products and putting them in Amazon’s marketplace. There are several reasons why most opt for reselling on Amazon

Getting to Know What Amazon Reselling Is

It is the practice of having cheap product and selling it higher on Amazon marketplace to make a profit. This is called the model of purchasing discounted items, and listing them on Amazon marketplace, also known as retail arbitrage / online arbitrage. Amazon has a huge number of customers and great fulfilment options which is why so many people decide to go down the reselling route.

2. Choose Your Reselling Model

First and foremost choose the model of reselling which will suit you best if any at all. Here are the two main types of reselling on Amazon: Retail Arbitrage (RA): This entails buying items at local outlets/warehouses (for instance Walmart or Target and then selling them on Amazon at a slightly higher price. Online Arbitrage (OA): Programs similar to RA but instead of physical stores searching for products through online retail stores. Both models also have their advantages and disadvantage, for instance retail arbitrage enables the seller to inspect the physical product while online arbitrage is flexible in that it can be done from anywhere.

3. How To Create Amazon Seller Account To start selling on Amazon.

You need a Seller Central account: Open www.amazon.com/sellercentral. 

Starting selling is given just beneath the Search bar at the top of the page. Choose between two account types: Individual Seller Account – The company does not have monthly fee though it charges commission for each item sold. Professional Account – A $39.99 monthly fee, but sellers are charged no per-item fee, this makes it appropriate ideal for those sellers who wish to list their items more than forty times in a month. After choosing an account type, the user must give their business information, tax data, and identification to finalize the registration. 

4. Product Research and Sourcing 

In reselling, a careful research of the products to be resold is a central aspect towards the success of the whole endeavor. Here’s how you can find profitable products: Amazon Best Sellers: Check the best seller list on amazon to see what is hot right now. Use Product Research Tools: Software like Helium 10, Jungle Scout, or Keepa are useful for digging into product opportunities, sales velocity and competition. Check Competition and Profit Margins: Potential profits should be determined by subtracting the amount to be spent on the purchase, the fees paid to Amazon and the expected selling price. But, basically, the profit margin should be in the range of 20-30 percent. When buying items, one can choose common categories such as toys, electronics, books, beauty products or home requirements. Always be aware of when you have restricted categories (categories that cannot be sold on Amazon without Amazon’s permission).

5. List Your Products on Amazon

 Once you have your products, it’s time to list them: Create Product Listings: Type www.amazon.com/sellercentral in your browser to access the platform then click on inventory then add new product. If the product you are putting on Amazon already exists then ensure you opened the correct listing for it. Optimize Product Listings: Create strong header and subheader, choose the appealing and sharp photos, and place necessary keywords for the better search result ranking. Set a Competitive Price: Customers should compare the prices of the product from other sellers to be able to set a suitable price to make buyers opt for the product but at the same time should make a profit out of it.

 6. Decide on Fulfilment Method 

You have two options for fulfilment on Amazon: Fulfilled by Merchant (FBM): You supply storage, packaging, shipping. Fulfilled by Amazon (FBA): Using Amazon FBA you don’t have to worry about storage, packaging and even shipping of your products. FBA is good for resellers who need convenience and Prime, despite having extra charges. FBA also tends to raise your product’s exposure and results in speedier sales because Prime consumers prefer prompt delivery. 

7. This class must Manage Inventory and Customer Service.

 Stock management relates to the management of stock so that to ensure that organisations do not exhaust their stocks in their business. Take advantage of tools in Seller Central to monitor its sales and keep inventory of products with high demand. Additionally: Respond to Customer Inquiries Promptly: Customers are a source of feedbacks; satisfying them will give will lead to high ratings. Monitor Performance Metrics: With your account, ensure you monitor figures such as the feedback ratings, the order rates of defective orders, and the rates of returned orders.

8. Grow Your Business

 Scaling the Right Way Once you’ve mastered the basics, explore ways to scale up: Increase Product Lines: Increase the number of product categories or products depending on your study and sales performance. Leverage Automation Tools: When in a position to compete on price, use price repricing tools such as RepricerExpress,to set prices automatically. Consider Private Labeling: When you increase your skill level you should think of branding your individual products to create a niche in the market.

 Final Thoughts

 Leading an Amazon reselling business takes time, effort and commitment to see it grow to its full potential. Over time as you become more accustomed to Seller Central, working with the data and handling your stock, you’ll begin to envision the possibility of Amazon as a reselling opportunity. By identifying what product is profitable, how each product should be listed, and how to provide excellent customer service, then an Amazon reselling business will have a solid foundation and if you wanted to learn about PPC then check our that blog as well.