How to Sell Chinese Products and Make Money on Amazon Online
If you’ve ever dreamed of running your own online business, Amazon can make that dream a reality. This retail giant isn’t just a marketplace; it’s an opportunity to grow beyond your wildest expectations. We’ll guide you through the intricate world of selling Chinese products on Amazon. This article will help you understand the startup costs, opening an Amazon account, product selection, finding overseas private label suppliers, setting up an Amazon listing, and creating an FBA shipping plan. Let’s embark on this adventure together.
Contents
1. Startup Costs For Selling on Amazon
Starting any business comes with its costs. Amazon is no different. The initial investments can impact your overall profitability. Here are some factors to consider:
1.1 Where you’re sourcing your products from:
Your product source directly affects your profits. Consider your options:
- Retail Stores: Ideal for small-scale operations. Convenient, but prices may be higher.
- Wholesale Suppliers: Great for large quantities. Bulk purchase discounts available.
- Private Label Manufacturers: Buy directly from the manufacturers under your label to reduce costs.
1.2 How much money do you need to sell on Amazon:
To start, you need to calculate your startup costs, which include:
- Buying Initial Inventory: Start small to test the waters, keeping costs low.
- Opening an Amazon Account: Choose between an individual ($0.99) or professional ($39.99/month) account.
- Buying UPC Codes: Necessary for tracking inventory and processing orders efficiently.
- Investing in Photography: High-quality photos help market your products effectively.
- Creating a Logo and Product Branding: A unique brand identity is essential for success.
2. How to Open an Account on Amazon
Creating an Amazon seller account is the first step in your journey. Here’s how to do it:
- Go to Services.Amazon.com
- Select your account type (individual or professional).
- Fill out the required information.
If you’re selling from outside the US, ensure you have a credit card, a local bank, and a US EIN.
3. How to Find Products to Sell on Amazon
Choosing the right product is crucial. To narrow down your options, follow these steps:
3.1 Narrow down your product research criteria:
- Consider products with low cost and high profit margins.
- Search for products with 2-3X the cost when sold.
- Choose lightweight and easy-to-ship products.
Guidelines for Bad Products:
- Avoid products sold in large retail stores.
- Steer clear of mechanical products with high quality standards.
- Fragile items can be costly to ship, so avoid them.
3.2 Getting the Right Tools for Amazon Product Research:
Use online tools to research products effectively. Popular tools include Jungle Scout and Unicorn Smasher.
4. How to Find Overseas Private Label Suppliers
Once you’ve chosen your products, it’s time to find overseas private label suppliers:
4.1 Open an Alibaba Account:
- Visit Alibaba and click on “Join Free.”
- Verify your email and fill out your basic information.
4.2 Minimum Requirements to Select the Perfect Supplier:
- Ensure suppliers accept secure payment methods.
- Look for Gold and trusted suppliers.
- Use Trade Assurance for added security.
4.3 Negotiate with Alibaba Suppliers:
Negotiate the best price for your products and make a small order to test the quality.
4.4 Alibaba Sample Shipping:
Suppliers offer sample shipping to ensure the quality of your products.
5. How to Set-Up an Amazon Listing
Create an Amazon listing that captures buyers’ attention. Follow these steps:
- Log in to your Amazon account and go to Amazon Central.
- Click on “Add a product” and select “Create a new product listing.”
- Choose the right category and enter product details.
- Buy UPC codes for each product.
- Save the listing.
Pro Tips:
- Buy UPC codes in bulk to save money.
- Consider using FBA for hassle-free shipping, storage, and customer service.
6. How to Create an FBA Shipping Plan
If you’re interested in using FBA, here’s how to create a shipping plan:
- Contact the suppliers and discuss your expectations.
- Set the number of regular purchases and your expected growth rate.
- Once you agree on a price, make a small order to test the product’s quality.
