If you want to become an Amazon seller and make money on Amazon, then you came to the right place. In this blog, we will teach you how to make money selling on Amazon and how to set up an Amazon account to sell. Not only that we will be sharing some tips on how your company can become an Amazon seller in a way that is geared towards success.
How to Become a seller on Amazon
The first question that needs to be answered is, how to become an Amazon seller? What are the steps to take to become an Amazon seller? Well, the very first step of course is to decide if selling on Amazon is something you really would like to do.
When deciding whether Amazon is worth it, you need to first think of how competitive you will be on Amazon.
Successful sellers are typically product brands, resellers with exclusive selling agreements with brands, or someone who has invented a unique and innovative product that a lot of people want. Buying generic products from China and selling them on Amazon is typically not a winning strategy. Simply adding a logo doesn’t help either. You need to have something of value that you can provide that others can’t easily copy.
You see, there are two types of Amazon accounts, one, is for those who are using the platform to purchase items or the customer account and the other one is for those who are using the platform to sell items or the seller account.
If you already have a customer account for which you use to buy items, you can also use that same email to create your seller account.
Start your Amazon Selling Journey
- Choose a Selling Plan – there are two types of selling plans available at Amazon. These are the individual and the professional plans. Each of the plans has its corresponding benefits as well as fees. There is a complete list of Amazon seller fees here.
- Decide your selling strategy – there are two ways to sell on Amazon, one, is to become a reseller the other is selling as a brand owner. What’s the difference? A reseller takes a product that is already existing in the market and sells it on Amazon. A brand owner manufactures and sells their products and develops their brand.
- Set up your Amazon Seller Account
How to set up an Amazon account to sell
Now you are ready to set up your Amazon account to sell, here are the steps that you should follow:
- Prepare the necessary information needed to accomplish the form. Here are the things that you need:
- Business email address or your amazon customer account if you already have one.
- Your chargeable credit card.
- A valid phone number
- Government-issued ID
- Your Tax Information
- Your bank account where Amazon can send the proceeds from your sale.
Note that all your documents and information should be under the same address. For example, your tax id, bank account, and anything else related to the account should all be under the same address. If those don’t match, that can trigger verification issues with Amazon later and cause the setup process to take much longer than it needs to.
- Time to Create or set up your Amazon seller account
- To start creating your account you have to go to the Amazon seller central (https://sellercentral.amazon.com/)
- Click sign-up or if you have an Amazon customer account you can use that to log in.
- Once the account is created or if you have already logged in using your Amazon customer account you will be asked to click on the seller agreement. After filling up the form with your name and clicking on the check box you can proceed to the next page.
- On the next page, you now have to enter your seller information. You will need your business address, business contact number, and your mobile contact number for SMS verification.
- You should have your phone ready on the seller information page because you will have to verify your mobile number through the PIN code to be sent to you via SMS.
- Fill up the next page, the billing and deposit form. For this page, you will be needing your credit card information and your bank details. The former is to pay for your chosen seller plan and the latter is where your earnings from Amazon will be deposited.
- The tax information page is next and here, you will have to input your tax information or details.
- Finally, you will now start to input your first products for sale on Amazon through the product information page.
Setting up your Amazon seller account correctly is the first and essential step to a successful and problem-free journey to selling on Amazon. You see, by configuring your seller account correctly, you will be able to avoid any fees for features you do not need. The money you saved can be used somewhere else like for advertising among others.
What are your next steps to becoming an Amazon seller?
After registering on the seller platform and after you have uploaded your first products on Amazon, you will now have to optimize your product page. That is a whole new other process and it is dependent on how you implement such optimization processes.
If you want to skip the learning curve and jump right ahead to gaining more eyeballs to your products or if you need help setting up your seller account, it would be best to hire the help of professional Amazon marketing companies such as Five Star Commerce. In doing so, you will be able to skip the huge learning curve and go straight into earning profits for your products.