🚀 Starting an E-commerce Business on Amazon: 5 Key Steps for Beginners
Are you a beginner looking to start a new e-commerce brand and considering using the Amazon platform? If so, you've come to the right place. In this article, I'll take you through five of the most important things that every beginner needs to know to give themselves the best chance of succeeding from day one. These are the things that I wish I knew when I started my first e-commerce business, as they would have allowed me to quit my full-time job and travel around the world while still earning a source of income from my e-commerce business. So, make sure you stick around for this entire article from start to finish because you might just learn something that will potentially change your entire life.
Table of Contents
1. Defining an E-commerce Business
2. Budgeting for Your Amazon Business
3. Finding Winning Products with Helium 10
4. Building a Successful Amazon Listing
5. Branding Your Amazon Store
Defining an E-commerce Business
To put it simply, when it comes to building up an e-commerce business, you'll be selling products to people on the internet. Strangers on the internet will come across the products that you're selling, and if they want those products, they'll give you money. There are many different ways that you can build up an e-commerce business, such as through platforms like eBay, Etsy, Shopify, and of course, Amazon. Amazon isn't necessarily the only way that you can build up an e-commerce business, but it's one of the most popular ways because Amazon is the most visited e-commerce website in the world. If you're able to understand the key concepts that go into starting an Amazon store, you'll be able to reach millions of people.
Budgeting for Your Amazon Business
One of the first things you need to know if you decide to build up an e-commerce business, and of course, an Amazon business, is budgeting. This is one of the most common questions that I've been getting a lot recently, which is, "How much money do I need when it comes to building up an Amazon business? Can you give me an exact amount?" To be honest, this is very difficult for me to do because it all depends on which product you're going to sell. There's no fixed amount when it comes to every single person that wants to start an e-commerce business. You can start it with $1,000, $5,000, $10,000, $100,000, or more. It all depends on how you want to do it and which type of products you want to sell from day one.
If you're hellbent on me giving you an exact amount of money that you need to budget for, I would say that you should estimate that it could potentially cost you between $1,000 and $2,000 at the low end. This is the money that you're going to use when it comes to buying the inventory that you're then going to list on Amazon. It's also important to realize that every time you successfully find a product that you're going to be able to sell, you're going to have to continuously keep reinvesting in that product for you to be able to have more inventory to continue listing. So, it's going to be a case of you finding a product that's selling well, listing it on Amazon, people are going to buy those products, you're going to take the profit, keep it for yourself if you want to, or you can reinvest it back into the business for you to continuously keep growing your inventory base.
Finding Winning Products with Helium 10
One of the next steps that you guys need to be aware of is knowing exactly how to find a small, lightweight item that people are actively searching for on Amazon and most importantly, they're spending money on. There are many different ways that you can do product research out there, but I'm going to show you one of my favorite strategies that any beginner can start using today.
One of the first things that you're going to need to do is sign up for a tool called Helium 10. Once you create your account, you can use the product research tab to find winning products. You can sort the monthly sales from highest to lowest and then scroll through and see all of these different items that are currently performing well that are small and lightweight. You're also going to be able to potentially sell them because they don't necessarily have a lot of reviews. Once you find a product that you want to sell, you can go over to Alibaba.com to source it.
Building a Successful Amazon Listing
Everything that you can see on the screen right now are some of the most important things that you need to be aware of as a complete beginner. You need to be aware of the title, images, price, product description, and policies. All of these different elements of building up your Amazon business are super important, specifically when it comes to branding. You need to understand that when a customer comes across your product, nine times out of ten, they may go into the actual store to make sure that you're a specialist for that product. It's not really a good idea to sell a whole bunch of random items from various different categories. The way that I've built up my e-commerce businesses is by focusing on one specific niche and making sure that my entire business, in terms of the name, the company logo, and all of that, is centered around that niche.
Branding Your Amazon Store
Branding is one of the most important things that you need to be aware of when it comes to building a successful Amazon store. You need to make sure that you're informing potential customers that you're a specialist for that product. This is going to allow your Amazon store to see a lot more success. Make sure that you're using images as well as text and giving the customer all the information they need about the product.
Highlights
- Building an e-commerce business involves selling products to people on the internet.
- Budgeting is one of the most important things to consider when starting an Amazon business.
- Helium 10 is a great tool for finding winning products.
- Building a successful Amazon listing involves branding and informing potential customers that you're a specialist for that product.
- Branding is one of the most important things that you need to be aware of when it comes to building a successful Amazon store.
FAQ
Q: How much money do I need to start an Amazon business?
A: It all depends on which product you're going to sell. There's no fixed amount when it comes to every single person that wants to start an e-commerce business. You can start it with $1,000, $5,000, $10,000, $100,000, or more.
Q: What is Helium 10?
A: Helium 10 is a tool that you can use to find winning products for your Amazon business.
Q: How important is branding for my Amazon store?
A: Branding is one of the most important things that you need to be aware of when it comes to building a successful Amazon store. You need to make sure that you're informing potential customers that you're a specialist for that product.
