If you're interested in the flexibility and earning potential of selling online, starting an Amazon business could be your top priority. There's no denying Amazon's influence and reputation, which is why so many Americans have a strong attraction to opening an Amazon store.
These are Amazon's statistics:
Amazon gets more than 2 billion visits per month.
Amazon sellers have access to customers in more than 180 countries.
There are more than 300 million active Amazon shoppers worldwide.
Starting a business on Amazon, there will be a lot to consider and do:
Both LLCs and C corporations, separate the assets and obligations of a corporation from those of its owners. If a customer sues a business, the owner of a mortgage, car, retirement**, etc., there is usually no danger.
Filing registration documents with the state** to form the company.
Limited Liability Company - Articles of Association.
C Corporation Articles of Incorporation.
Depending on the type of business entity and state, the paperwork of registering a business can be complicated. You can choose to complete the application yourself, but to save money and make sure it is done correctly, you can ask us to help you with it!
An EIN is a federal tax ID number that is used by the federal** to determine that a business is a taxable entity. E-invoices are used for tax filing and other filing purposes.
Depending on the state in which the company is incorporated, you may be required to obtain a license and permit to operate your company legally.
Set up an Amazon seller account and choose the selling plan you want.
Amazon offers two seller programs:
Personal Plan – You pay 0. for each item sold$99.
Pro Plan – You pay $39 per month$99 (no matter how many items you sell).
Amazon also charges an introductory fee for each sale. The amount of this referral fee varies according to the product category and is calculated as a percentage of the total transaction. For most product categories, the minimum referral fee is 0$30.
As an Amazon seller, you have two options for getting your products into the hands of customers:
Amazon Fulfillment (FBA): Amazon automatically registers sellers in FBA for free. If sellers want to use this service, they send their inventory to Amazon fulfillment centers. After that, Amazon will handle packaging, shipping, customer service, refunds, and returns.
Seller fulfillment has FBM in addition to FBA, and you can handle the packaging and shipping of the products yourself. If you've considered using dropshipping (where a third party fulfills orders on your behalf), Amazon has some strict rules about this practice, and failing to follow the rules could result in losing the privilege of selling on Amazon.
Amazon has an intellectual property policy that ensures that businesses do not infringe on copyrights, trademarks, and patents. For example, the seller can sell branded products protected by copyrights, trademarks, or patents only if he is the legal owner or authorized dealer of the brand.
Even though Amazon has a strong position in e-commerce, sellers need to put in marketing efforts to attract customers. Setting targeted keywords in your product listings can help increase visibility, and writing compelling product descriptions can help boost sales. Many sellers now offer fast shipping as a competitive advantage.
After you've consulted about starting your Amazon business, we can help you prepare the documents and applications you need to set up your company.