How To Set Up Your Amazon Seller Central Account | Latest 2023 Complete Beginner Guide
- The video is about how to register for an Amazon Seller Central account.
- It's important to have a dedicated email for your business and not use it for other subscription services.
- Retrieving an old Amazon Seller Central account is recommended instead of creating a new one.
- You need to create an Amazon account with your first name, last name, and new Gmail account.
- After filling out personal information, you will be asked to verify your submission through a call with an associate.
- Valid government ID or passport, recent bank statement, changeable credit card, and mobile phone are required for registration.
- Your names and physical address on both documents must match in order to verify them successfully.
- Business information such as location and type should be filled out accurately including registering as LLC if possible
- Bank account information should be provided including opening a separate business checking account from personal accounts
- There is a monthly subscription fee of $39.99 that needs to be paid using credit card information during the registration process
How to Start Selling on Amazon in 2023 (Start Small, Dream Big!!)
- This video is a complete guide to selling on Amazon.
- Selling on Amazon can be complex, but the video will teach you everything you need to know.
- Amazon is a powerful platform with over 150 million registered Prime members in the US alone and generates over $500 billion annually.
- There are over 2 million third-party sellers on Amazon, and anyone can start selling products on the platform.
- Familiarize yourself with all of the different rules and expectations that Amazon has for their sellers by using Seller University from your Seller Central dashboard.
- Understand how Asin (Amazon standard identification number) works as it's used to organize and recognize every product in the catalog.
- Choose between FBA (fulfilled by Amazon) or FBM (fulfilled by Merchant) models when selling products on Amazon, each with its own advantages and disadvantages regarding fees, customer service, etc.
- The three main selling models are Arbitrage (reselling existing products), Wholesale (buying bulk items at wholesale prices), Private Labeling (creating your own brand).
- New sellers may face restrictions or gating in certain categories or brands but can use tools like the Amazon seller app or online software like Graphic Guru for product research
- Success requires effort and time investment; however, it's worth it if you're willing to put in work into growing your business venture through learning about scaling up an amazon business model
How Selling On Amazon Has Changed in 2023 😨
- The Amazon selling climate has changed a lot since 2014.
- Private labeling used to be the most lucrative way to sell on Amazon, but it's not as easy anymore due to increased competition and higher costs.
- Starting a private label business now requires more money and effort than before.
- Marketing is crucial for success on Amazon, and sellers need to have a presence on multiple platforms.
- Wholesale selling is an alternative model that appeals to those with less money to invest in their business.
- With wholesale selling, there is less risk involved because you are selling established brand name products instead of launching your own brand.
- To start wholesaling, you research popular products from big brands on Amazon and become a distributor of those products by buying them at wholesale prices and reselling them on Amazon as one of many sellers.
- Wholesale selling can be quick to set up once you establish relationships with wholesalers/distributors
- While private labeling still offers high profit margins if done right, it requires more investment upfront than wholesale selling which involves less risk
- Both models require effort and marketing knowledge/skills for success in today's competitive environment
How to Open an Amazon UK Seller Account in 2023 (FULL Step by Step Tutorial)
- The video is about how to open an Amazon seller account.
- The speaker recommends getting a professional account for private label FBA.
- You need a valid government ID, bank statement, credit card, and mobile phone to sign up.
- It's recommended to have your business set up before opening the account.
- You need to enter accurate information that matches what's registered at Companies House and your business bank account.
- Payment details should come from your business account, not personal debit or credit cards.
- Store name can be changed later and doesn't have to match brand name.
- Verification requires uploading photos of ID and recent document, as well as a video call with Amazon associate for identity verification
- Wait time for verification is 2-3 days after submitting documents
- Speaker provides link to their course on FBAElite.com
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