Starting your own business selling on Amazon isn’t as simple as it may sound and it should be treated just like any other start up business – with a rock solid business strategy!
Much like any other business, you need to make sure that you have a plan and that you cover off the most important things first. When it comes to selling on Amazon, the two most important areas to cover are your audience and your product, after all, without these you don’t have a business.
In order to choose the product you want to sell, it is essential to establish your target audience. Once you have this, you can create a product that caters directly to their wants a needs. As suggested in the infographic below, looking into communities that people are passionate about can really help you to make a decision on the product you want to sell, as you know that there is a vast audience that will be interested in what you are selling.
Seeking out the competition is also advised. Is this product niche already too saturated? If the answer is no, then you’re on to a winner! However, if it is being sold by a handful of sellers, you will need to ask yourself, is my product better quality? Are my prices competitive?
Amazon selling experts, Northbound Academy have provided the below infographic which walks you through the initial first steps of your Amazon FBA business, guiding you to success.
Provided by Northbound Academy