Are you all set to turn your business dreams into reality by simply learning about tips and tricks to set up an Amazon store? If yes, you have landed in the right place! Today we’ll walk you through the steps, from setting up and scaling your Amazon store.
Before we learn about the tricks and tips for setting up and scaling your Amazon store, Let’s discuss Amazon, what is Amazon, and how setting up an Amazon store will be beneficial for you in short.
Amazon is the most acknowledged digital marketplace in the world. It provides sellers with countless ways to combine their off-platform presence into their Amazon store to create a holistic brand that drives traffic from numerous sources. By selling on the marketplace behemoth, direct-to-consumer sellers can get several other benefits as well, including:
- Direct to Amazon’s colossal Customer base
Amazon is home to more than 400 million global active consumers, providing sellers access to new sections for customer engagement and growth. The marketplace allows sellers to sell their products in more than 200 countries worldwide.
- Increase visibility
Amazon’s platform provides visibility that exceeds organic searches to individual online shops as Amazon is the top global e-commerce destination.
- Product management support
FBA (Fulfillment by Amazon) handles all storage, product handling, shipping, customer service, and returns, saving consumers and sellers time.
Here is the list of the steps for launching and scaling your Amazon business. Below are the tried and tested methods that sellers are using today that had extremely positive feedback on their revenue and profits.
1. Register for Amazon
Registering an account on Amazon is the gateway to all selling tools, giving you the ability to manage your inventory, keep access to sales track data, communicate with the buyer, and so much more. It is a critical place to start for any direct-to-consumer brand.
2. Understand Amazon’s Policies and Requirements
This is the most crucial step, most people ignore Amazon’s policy while setting up an Amazon store. Familiarize yourself with Amazon’s seller policies, guidelines, and terms of service. Sticking to these rules is crucial to prevent potential accounts from getting terminated or suspended.
3. List your product
Choosing a product to sell can be crucial. Think about what your interests and hobbies are, allow yourself to draw strengths, and capitalize on knowledge you might have about a particular industry. Considering the correct product to keep in your Amazon store is the foundation for success.
Besides that, in today’s aggressive market, Listing and highlighting the product is not enough. To drive consumers interested, you need quality pictures, proper descriptions, unique titles, and competitive pricing. Don’t forget the fact that happy customers equal more sales and positive reviews.
4. Keep your product available
About 40% of your potential customers visit another brand if the product there is sold out, your business mustn’t overlook the supply chain and face stock issues. You are likely to miss sales opportunities when you do not need to you if the stock is left unchecked. Also, if your potential customer can’t find your Amazon store, you’ll lose out on easy sales opportunities and let go of potential customers.
5. Promote your Products
Optimizing your products on the platform can be a great way to improve search traffic and drive customers to your product page. You can consider Amazon marketing services that give you access to key products and competitive data so you can best attract and retain customers.
6. Promote Launch Deals and Coupons
Offering different exciting discounts like coupons and lighting deals when first launching a new product can draw the attention of potential customers. This incentivizes buyers to take a chance on an unknown product and helps encourage initial sales and reviews. As, discounts and different coupons attract more customers, which helps in building a strong relationship with the customers, while still earning revenue. As your product gets established in the marketing troubleshooting the needs of the consumers, you can reduce the promotions over time.
7. Focus on Customer Satisfaction
Building a strong customer experience leads to better reviews, higher sales, and increased lifetime value. Responding promptly to queries, addressing issues, and considering sending follow-up messages and emails to delight customers, these small efforts to over-deliver on customer satisfaction will help you in the long run.
8. Analyze performance
Be sure to monitor your business calculation, such as traffic and conversion rates, regularly. With this data, you can scale and refine your sales and marketing strategies over time. Analyzing your performance can also help you while keeping the products in stock and lowering the chances of going out of stock.
Here are a few steps one must consider while setting up and scaling an Amazon store. We recommend choosing a single strategy and focusing on one at a time steps. Opening an Amazon store is a crucial decision and there are many points to consider before jumping to a conclusion.
Also read:
How to Launch Your Global Amazon US FBA Business from Anywhere in the World
Nabin Adhikari
