I want to ask you a simple question: What’s keeping you from becoming an Amazon FBA seller?
If you’re like most people, it could be the analysis paralysis.
You know the feeling—it seems like there is just so much to focus on at once that becoming an FBA seller seems impossible.
If you suffer from analysis paralysis, the following questions probably race through your head every day you put off signing up for FBA:
- How do I find the right products?
- Who would compete with me?
- How much should I charge for products?
- What if I lose money?
Or maybe you've moved past those stages, and you're confident that you're ready to get started selling through FBA, but for some reason, you can't pull the trigger and sign up for it.
What’s stopping you?
A dreaded anti-state known as analysis paralysis.
You’re stuck over-thinking and over-analyzing every single aspect of the program, and even though you know you want to start, you keep holding yourself back.
I’ve even seen some people read the FBA intro guide a dozen times and still never take the leap!
Let’s change this!
These tips will help you check off all of the boxes, so you get started off on the right foot!
These are the four boxes you will need to check off before you become an FBA seller:
- Find products
- Research suppliers
- Order the product
- List your product and start selling!
I’ve found that the best way to overcome analysis paralysis is to break things down into simple steps.
If you can follow along with these stages, by the end of it, there shouldn’t be any reason why you can’t get started selling sooner rather than later!
Let’s dive in:
1. Find Products
One mistake that some Amazon sellers make is assuming they will get ungated in a category as long as they meet all the minimum approval requirements. That’s not the case—the process is a bit more subjective and depends on some factors that are out of a seller’s control.
This is the most important step, but it is also dangerous for people that often fall victim to analysis paralysis.
The product you choose to sell is crucial, but you shouldn't spend years making a decision.
After all, seasons change and trends come and go, and if you spend a year deciding which product to sell, the opportunity might have passed.
Look for something with a healthy demand behind it.
See what people are searching for online and look through Amazon for similar items.
Can you squeeze into the market?
If there are only a few listings and they don’t have thousands of reviews, it might be the best time to jump in.
2. Researching Suppliers
Moving right along, once you have a product in mind, it’s time to hit the trail in search of reputable suppliers.
If you're selling a physical product, China is going to be your best bet.
You're looking for not only the best price but high ratings too.
You want to send them a message at first to negotiate the price and also ask about minimum order quantities.
When calculating costs, you must include import duties and other minor costs.
So many new sellers forget this, and their profit margins disappear!
3. Order the Product
Once you’ve found a seller and negotiated with them, you need to order some test units.
Don’t order more than 200 units for your first order because if it doesn’t sell quickly, you could take a loss.
For most first-time purchases, you can probably use PayPal to pay the seller directly.
Don’t get used to paying this way since the fees can add up for international payments.
Many FBA sellers pay their suppliers either through money transfer or escrow on Alibaba.
3. List your product and start selling!
The time is finally here.
After weeks and months spent over-thinking and hesitating, you’re almost ready to become a legit Amazon FBA seller!
First thing’s first, you need to know howyou'll sell your product.
You need to create an enticing listing, take some high-quality product photos (or use the supplier's pictures if they're good enough), and get all of the logistics worked out.
Get in touch with your supplier and make sure that your products get to Amazon’s warehouses and you’re done!
From there, it’s all about marketing your product.
We usually recommend that you spend some money on PPC ads and go from there.
Selling on FBA doesn't have to be complicated if you approach it in a series of steps.
It's time to put an end to analysis paralysis and take it one step at a time!
To your success!
P.s. If you still feel like you wish you had a mentor that would take you by the hand and walked you through this entire process, apply to our AMZinsiders mastermind. Limited spots available each month. You can apply here: https://amzinsiders.org/workshop-watch