Selling on Amazon is a fantastic opportunity for sellers, small and large, to create a thriving business for themselves – but that doesn’t mean it will come easy.
Whether you are new at selling or have been selling on Amazon for a while, it’s important to be well-prepared to increase your chances of success and to continue growing your business year after year.
Five tips for selling on Amazon: before you start selling
There are a few things to consider before you make your first sale. Let’s go over the five things you need to know before starting your business.
1. Research and choose your niche
Conduct thorough market research to identify products with demand but relatively lower competition.
You can start with products you are familiar with or passionate about, but it really comes down to the data. Follow what the data says – don’t pick a product to sell just because you like it. Evaluate the market and demand before investing in inventory and branding.
2. Create a strong brand and product
High-quality products that fulfill their promises are more likely to generate positive reviews and repeat customers.
Focus on crafting a unique listing, branding, and packaging that customers will come to recognize.
3.Understand Amazon’s policies and fees
Familiarize yourself with Amazon’s rules, guidelines, and policies for sellers.
Understand the fee structure, including referral fees, fulfillment fees (if you use FBA – Fulfillment by Amazon), and other potential costs. This will help you accurately calculate your profit margins and avoid any policy violations.
This tip is very important. If you go into selling on Amazon without a clear understanding of its rules and fees, you may come across some issues as you start your business.
Before launching your product, please ensure that you are profitable after your costs and Amazon’s fees.
4. Optimize your listings for search
Amazon is a search-driven platform, so optimizing your product listings for search (Amazon SEO) is crucial.
Use relevant keywords in your product titles, bullet points, and descriptions. Invest time in crafting compelling copy that highlights the benefits of your product and addresses potential customer concerns.
5. Plan your inventory and fulfillment strategy
Managing inventory is important to ensure you don’t run out of stock or overstock, both of which can impact your sales and Amazon’s search rankings.
Decide whether you’ll fulfill orders yourself (Merchant Fulfilled) or use Amazon’s Fulfillment by Amazon (FBA) service. FBA can streamline shipping and customer service but comes with additional costs.
Six tips for selling on Amazon: after you start selling
After you start to sell on Amazon, there are still plenty of things you need to do to keep your business running smoothly and profitably. Let’s go over some tips you can follow after you start to sell on Amazon.
1. Optimize your listings for conversion and SEO
Regularly review and update your product listings to ensure they are compelling and up-to-date. Pay attention to product titles, bullet points, and descriptions, using relevant keywords to improve search visibility. You can use Keyword Scout and Product Tracker to find and track your keyword rankings.
Incorporate high-quality images and informative product videos to provide a better understanding of your products.
Monitor your conversion rates, and A/B test different elements of your listings to identify what resonates best with customers.
2. Customer engagement and reviews
Provide exceptional customer service by promptly addressing customer inquiries and concerns. Timely and courteous communication can lead to positive reviews and repeat business.
Consider using Jungle Scout Review Automation to send an automated review request email to your customers to increase your chances of earning those valuable product reviews.
3. Diversify your product portfolio
Expanding and diversifying your product catalog can help you tap into new customer segments and reduce risks associated with relying solely on one product.
Leverage your existing customer base to introduce complementary or related products that align with your brand and niche. One way to do this is by releasing variations of your current products, such as different colors or sizes.
4. Leverage Amazon Advertising and marketing tools
Utilize Amazon’s A+ Content to enhance your product descriptions and tell a more compelling brand story.
5. Analyze and act on data
Regularly review your sales data, including metrics like conversion rates, click-through rates, and keyword performance.
Use Amazon Seller Central reports and third-party analytics tools such as Sales Analytics to gain insights into your business’s performance and identify trends. Adjust your strategies based on the data you gather.
6. Stay updated and innovate
Keep up with changes in Amazon’s policies, algorithms, and trends that might affect your business. Stay adaptable and adjust your strategies accordingly.
Remember that continuous improvement is key to success on Amazon. Regularly assess your business performance, gather customer feedback, and seek ways to enhance the customer experience while maintaining compliance with Amazon’s guidelines.
Stay on track with your Amazon business
Selling on Amazon isn’t always easy, but with the right tools and strategies in place, you will find yourself becoming successful. Follow the tips laid out above and follow along with the Jungle Scout blog and YouTube channel for more tips and strategies for growing your Amazon business.
What other tips do you follow for your own business? Let us know in the comments.