3 Reasons You Should Sell on Amazon
With the consistent backslide in the strength and value of Naira and other african currencies, the private business sector have witnessed an increasing gap in their profit margin as against their total production cost. The adverse business climate has left a lot of businesses in a struggle for survival. In lieu of this, most SMEs are already experiencing a retarded growth.
However, the big solution to this problem, is to transit into selling on Amazon which is one of the biggest global online marketplace. In 2020 alone, Amazon generated about $386 billion net sales and had 79.8% of internet users in the US shop on Amazon.
Amazon’s continuous growth had made opportunities available for those looking to get into the e-commerce industry and expand their business to the global stage. According to statista.com, Amazon’s global selling program which enables SMEs grew by over 50% in 2017. In 2021, there have been an influx of 446,000 new Amazon sellers.
Selling on Amazon is a profitable venture, even for beginners. Here are three amazing reasons why you should start selling on Amazon:
1) It is one of the biggest global e-commerce platforms
Amazon has span the five continents of the world with the US, Canada, Germany, Japan, Australia, and India as her biggest business space. The booming online market has over 200 million prime members and over 2.4 billion website visits which increase each year.
2) Has a large stack of customers
One of the challenges of most SMEs is the struggle to get consistent customers. Amazon has over 200 million prime members who are consistent buyers on Amazon. More so, Amazon had built over time viable brand recognition and excellent culture that keeps its wide range of users coming back.
Amazon is the first stop for millions of people shopping online, which equals huge sales for your products.
3) Provides you with a viable income stream
Selling on Amazon is one of the profitable ways for you to multiple your streams of income, especially if you are looking to grow your streams of income. Amazon makes you sell and earn with ease. It gives you the opportunity to access new potential customers and enlarge the scope of your business.
More so, selling and earning from Amazon, saves you from the heartbreaks of the depreciating value of most African currencies especially the Naira.
4) It adds to your brand image
Amazon has gotten the trust of over 200 million prime members and has a magnificent brand image, selling your products on Amazon can help boost your brand image and reputation. When customers shop on Amazon, they feel confident that they are going to get the best quality and excellent service, and the view your product from that light.
5) Low initial investment
Amazon policies are friendly to newbies with low capitals. They provide a sustainable platform that makes it easy for small enterprises with just one product to sell on Amazon and still make cool cash. They help small business thrive in the midst of a bogus business world.
6) Enjoy Shipping with fulfillment by Amazon
Fulfillment by Amazon (FBA) is a system in which you send your inventory to Amazon and they handle the picking, packing, and dispatching to your buyers.
Conclusion
Selling on Amazon requires that you have a good grasp of how it works, the licenses involved to successfully list your product on Amazon, and an easy way to export your products, to Amazon. Taking the decision to start selling on Amazon is a great step in the right direction. Exportandsell helps walk you down the journey of selling on Amazon and earning quickly in dollars. Sign up for the next Master class on how to start selling on Amazon.
We have helped thousands of people get started and will love to help you expand your business.
You should check out this free course on how to export, sell and earn in dollars.
