Launching an Amazon FBA business is not as complicated as one might think. It all starts with an idea. An idea leads to a brand, and a brand leads to a loyal customer following. The very first step though is creating an LLC. The reason for this is to be organized from day one. An LLC not only protects you from legal liability but will allow you to open up a business checking and credit card accounts. This way, every expense is tracked under your enterprise from day one and keeps your personal life separate from your company assets.
Once your LLC is up and running, you can go ahead and open an Amazon seller account called seller central. This account is what opens up the entire selling ecosystem to you. It may sound strange but this is a mental wall for some people. Call it change or stubbornness, but as humans, we are scared of the future. This is a monumental step mentally for most people.
Once you open your account, you will be ready to start sourcing and shipping in products. The key to a successful private label business on Amazon is to find lucrative products, in untapped niches. Is this hard? Extremely so. It’s a task that can take just a few weeks or over 6 months. It also depends on how much time you are willing to invest in finding your first product to sell. For me, it took well over 6 months of research, planning, and basically just growing in confidence that my first product would be successful out of the gate. If you do this step well, you will have a product rocking before you know it.
When you have a product in mind, next up is sourcing on a website called Alibaba. This takes time as well, but once you find a partner factory for your new venture, you can make a down payment and commence the sourcing process. Once you have the product en-route, you will need to pivot and make sure your listing is optimized and properly set up with photos and videos if possible. Make sure to insert all the big keywords that your competitors are using and off you go!
Once the product lands at the warehouse, it will take up to a week for them to check-in. Once the units are showing in stock, you are now ready to sell! The next step would be to turn on PPC and start getting your product in front of eyeballs. Once this happens, it won’t be more than a few days and you’ll see your first sale.
At the end of the day, the how-to on how to start an Amazon business is pretty simple. However, there are multiple small important steps along the way that you will need to hit to ensure your success. If you take your time and do proper research, Initiating a company becomes much less daunting. If you need help from an Amazon consultant reach out to us above and let’s get after it!