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Through Amazon dropshipping, sellers on Amazon are earning . $88,000 a minute That is a lot of money. And that won’t slow down – even more so in a couple of years' time that could double. I’m guessing you want a piece of that. Well, you’ve come to the right place. Today I’ll run through how to begin drop-shipping on Amazon + lots of tips and tricks to begin earning even sooner. Let’s get on with it. What Is Drop-shipping? Drop-shipping is where you list products on your website or online store but do not hold any physical inventory. Instead your supplier (a Chinese manufacturer, for example) sends the product when you get a sale - straight to your buyer. Credit: Oberlo People drop-ship on eBay, Shopify, their own website etc. You can also of course do Amazon – but it’s a bit more complicated. dropshipping Strictly, their policy states that purchasing products from an online retailer and having that retailer ship directly to customers isn’t allowed. However, many sellers still do – and earn quite a bit from it. If you are interested in Amazon FBA instead, which is Amazon’s own form of dropshipping, This guide will continue on for how to traditionally drop-ship on Amazon and to begin earning straight away. check out this article. How Can You Begin Doing Amazon Dropshipping? I’ll run you through clear steps on how you can begin drop-shipping with Amazon so that by the time you have finished reading, you can begin earning right away. Sign Up for an Amazon Seller Account Firstly, before you can begin selling anything on Amazon, you need to create an Amazon seller account. Navigate to Amazon Seller Central and hit the "Start Selling" button. Credit: 2Dropshipping You can then create your account; you have two choices between the Individual and Professional Plan. The Individual Plan charges you $0.99 for every item plus referral and variable closing fees. They recommend it if you sell less than 40 items per month. The Professional Plan lets you sell an unlimited number of products, but you pay a monthly subscription fee of $39.99. It is recommended if you sell more than 40 items per month. Find Low-Cost and Suitable Amazon Dropshippers Before considering what products you are going to sell, it’s much more beneficial to find out which ones would earn you a good profit and that you could ship quickly. Unfortunately, most buyers on Amazon would want shipping delivery times to be quick. AliExpress offers good cheap products, but they come all the way from China so usually takes at least a month! That’s why it is important you look for US drop-shippers as it is the biggest market for Amazon. Cold-Calling and Using Google Try to find some dropshipping suppliers online by cold-calling and using Google. Try Googling search terms such as: “Dropshipping supplier” + “USA” Title: Dropshipping supplier + “USA” Use other keywords such as “distributor” or “wholesaler”. If you know your niche, also make sure to add it in “…” Locate Products To Drop-Ship The next step for Amazon dropshipping, is to find low-cost products to begin dropshipping. What you want to do is consider profit before what kind of niche you want to be in. For example, take this one item that was selling for $59 by the supplier. But on Amazon, it was selling for $129.99 + shipping costs. Having worked out the profit margins, that is over 109% after Amazon takes away its fees. High-Profit Margins Are Important Pretty good huh? So, how can you find these perfect products? Well there are three important criteria your products need to meet: It’s very profitable It’s in demand (not just seasonally but all year round) Easy to ship As we are selling on Amazon, we need to make sure that the product avoids being in a crowded market. Make sure you would be ranked high enough for people to buy. Also, avoid having branded products (low-profit margins) or any knockoff ones (let’s remain legitimate!). Credit: SaleHoo When trying to find good ones just on Google, it might be necessary to target a certain niche. List Products On Amazon Now that you have chosen the products and have your suppliers, it’s time to actually list them. If your product already exists on Amazon’s catalogue, search for it and click the ‘sell yours’ button. Describe the condition, set your price, shipping methods and so on. If it doesn’t exist on Amazon, go to the Inventory drop-down menu on your seller account. The ‘Add A Product tool’ can be used to list your new product. Tips and Tricks for Amazon Dropshipping Now you understand the basic step-by-step guide to begin dropshipping on Amazon, I’ll teach you a bit about how to get it to the next level Getting Reviews on Amazon Reviews are one of the most important things that any seller considers, and will also greatly affect your Amazon drop-shipping prospects. Credit: Effective Spend They help you rank higher on Amazon, and make your product seem much more trustworthy. Overall, your conversion rates with each review will rise exponentially. So, how can you get Amazon Reviews? Well, unfortunately, you can no longer offer discounted or free products in exchange for reviews (new Amazon policy) nor can you ask your friends/ family. The best way, therefore, is to email your customers to get them to review your products. What you want to do is automate your email campaigns, using a tool like GetResponse. When somebody buys something, you can email them something along these lines: Hi {Buyer’s Name}, We’ve received your order and will be dispatching it for delivery soon! You should expect to receive the product within {insert number of days}, but if you are getting worried, you can track it here with this link. Once you receive your order, we’ll follow up again to make sure you’re happy with your purchase. If at any time you have any questions or feedback, always reach out with this email address. Best, {Seller’s Name} Then shortly after they should have received the order, follow it up with another email along the lines of: Hi {Buyer’s Name}, We hope you have now received your product. Thanks again for ordering! If you have any questions, please get in touch. If all is good, we would really appreciate you sparing a couple seconds of your time leaving us some feedback about your buying experience {Product review link} Have a great day. Best, {Seller’s Name} By doing this, you should hopefully whilst racking up sales, also rack up reviews. Therefore, with each sale – you’ll sell even more! Lastly, make sure to use the power of social media to try to gain customers who are willing to give reviews for your product. For example, you can get in touch with Influencers, ask them to leave a review - in exchange for a free product/ sample. To do so, it's important to make sure your / Facebook/ TikTok profile has great content and a good amount of followers. Instagram What If Somebody Leaves A Bad Review? Having bad reviews, as good reviews are great, are very bad for selling. Credit: SaleHoo There are a couple of techniques to help remove them. You can contact your customer and have him/her remove or edit it. Make sure to rectify any mistakes you made or clarify any misunderstanding! You can also request Amazon to remove the review. Go to your product details page, select the review, and click “report abuse”. Or send an email to amazon via . community-help@amazon.com You can also leave a public comment on the review – to help show any potential customers that you are trustworthy and interested in customer feedback. When found they had got bad reviews, they rectified their situation by fulfilling the customers' order once again and giving a full refund. It's all about keeping people happy! ArXe Ventures Making Sure Your Product Ranks With SEO Amazon, like any other way to sell online, will have competition – so it is important to make sure your is on-point. SEO Make sure you have long descriptive titles that are rich in keywords for Amazon to pick up on. Write about the brand, product line, material, colour, etc. Smith’s Giant Siberian White Tiger Lifelike Stuffed Animal (Over 5 Feet Long). Disclose on your refund policy, it makes you look more credible (and many SaleHoo suppliers have a refund policy). Also, use as many good-looking pictures as possible for the product and make the description informative and easy-to-read. Use bullet points with information like: Amazing lifelike hand-crafted and stuffed Siberian tiger Dramatic and well printed realistic marking Made from soft polyester fabric 20” H x 65” L x 20” W For ages 3+ Amazon Dropshipping Compared to eBay and E-Commerce StoreseBay eBay has over 171 million buyers, so also offers a great audience and customer base. Whilst Amazon is a bit iffy on drop-shipping, eBay allows it on their site, as long as the sellers guarantee the buyers will be able to receive their orders within 30 days. Unfortunately, with eBay you have to pay an insertion fee – where when you list an item on eBay, you may be charged to do so. On eBay, you can also list with auction-style pricing or fixed price listings which are much better for drop-shipping as it makes sure you get your profit margin. E-Commerce Store (Shopify etc) You can also of course dropship on your own e-commerce store. You can create your own website and customize it how you want and build your brand (which is much harder to do when on Amazon). You can control far more and won’t have any third-party fees. However, you have to consider marketing and how you will be able to drive traffic, without relying on a big company like Amazon. You also have to consider how you will be able to make your own store, whether with WordPress, Shopify etc. They will all cost money to set-up (monthly fees, or domain and hosting). Conclusion You should now know how to step-by-step begin drop-shipping on Amazon with 4 steps: Sign up for a seller account Find low-cost and suitable drop-shipping suppliers Locate products List the products Make sure to consider whether you want to start with Amazon or another way such as your own store or eBay. If you do like Amazon, then make sure to start right away! Bookmark this article and go sign up for your Amazon Seller’s account. You could be earning money within a week with Amazon dropshipping. Good luck! Also published at https://the-ecommerce-entrepreneur.com/amazon-dropshipping/

Amazon Dropshipping (2021) - Complete Step-By-Step Guide

Selling your products on Amazon and eBay seems like an irresistible deal at first. You have their entire customer base at your disposal, and these sites get a hell lot of traffic; what could be a more profitable way to start an eCommerce business? I mean, Amazon is the world’s largest eCommerce platform and an example of one of the best online marketplace software –both in terms of features and technology stack. It’s a 25 years old brand. Each month, at least around the world purchase their favorite stuff from Amazon. Who would not like to do business with a giant that holds share in the US eCommerce market? 197 million shoppers a 49% On the other hand, everybody knows eBay. Founded in 1995, eBay is the most popular C2C eCommerce giant. E-bay is still one of the biggest eCommerce giants in the US with a market cap of , as of September 2019. Can anyone overlook a platform that made and still growing? $33.5 billion $10.7 billion in 2018 You might now ask, how not is everyone selling products online on Amazon and eBay then? Why 46% of the eCommerce business owners in a survey in the UK preferred their own sites to sell on a third-party marketplace? Is the Mutual Benefit a Thing While Selling on a Marketplace? Like I said earlier, selling your products on marketplaces seems quite beneficial. You can, in fact, without worrying about product-warehousing, shipping, packaging, managing a website, or fussing about the SEO and website traffic. However, if you take a closer look, you would still find the benefits, but the actuality of profits for the sellers experiences a bit of change their definition. create an online store Nevertheless, should you be selling your products on Amazon and eBay, or not? The answer varies from person to person and business to business. While marketplaces may be a profitable way to start with the eCommerce business for many, some of us might just overlook the potentials for massive growth with a proprietary business, and behave just like a frog in the well. There are N numbers of aspects that a merchant must analyze beforehand: types of products you sell, their demand, competition in the general market, competition on the marketplace itself, the revenue you share with the marketplace, restrictions, and scope beyond the marketplace to name a few. Based on these aspects and many others, you should makes this decision by yourself. That’s why I have talked in detail about the Pros and Cons of Selling on Amazon and eBay in this article, so you can make a well-informed decision after comprehending the fluctuations in all the alternatives. The Pros of Selling on Amazon, eBay, or Any Marketplace Selling on a popular marketplace would have its own perquisites. One of the biggest examples would be the ease at with anyone can set up an Amazon or eBay account to start selling on the go. These are some very big corporations backed by fortunes, you can’t just overlook the local as well as international recognition they have already secured in the market. One of the Biggest Traffic Channels at Your Disposal from the First Day As we talked earlier, Amazon and eBay are two of the biggest traffic generators on the internet. Each second millions of online shoppers purchase something from these platforms. Having a storefront on one of the busiest streets in the town has its own rewards. You will have instant access and would be selling products online to over 184 million monthly visitors on Amazon and at least 164 million active shoppers on eBay. Whether you are selling on Amazon, eBay, or on your very own platform, you should be looking for such serious eyeballs to do business. We can’t deny the fact that many merchants have admitted getting a in their sales after joining Amazon as a seller. 50% boost Generate Sales through Inherited Trust Factors in the Brand by Default Even if shoppers don’t visit Amazon or eBay looking specifically for your store, the people who trust these platforms already trust your listings by default. They know that Amazon and eBay care for customer experience and they collaborate with only genuine businesses. Once, a customer is there on the site, your listing as trustworthy for them as the platform itself. So even without your unique brand identity, you work in an environment where you get new customers every day. You may further intrigue the customers into your unique identity as a trustworthy seller via quality services and excellent order fulfillment experiences. Amazon uses its FBA service to take away shipping and storage hassles from sellers and encourages them to focus on customer experience. It is something that a small seller or one-man army merchant cannot deny. Many People Just Love the All-In-One Nature of the Online Marketplaces The reason why supermarkets and hypermarkets exist is their ease of finding everything under one roof. If I can purchase everything of my needs with just a single checkout, why would I prefer to visit tens of individual sites to purchase them separately? The strength of eBay and Amazon lies in the variety of products they offer on a single platform. Considering Amazon and eBay combined, they sell everything from pin to an airplane. Seamless one-stop shopping is what many people love about online marketplaces and visit these sites very often. The Cons of Selling on Amazon, eBay, or Any Third-Party Platform It’s no brainer; sellers on Amazon and eBay enjoy a plethora of benefits, which play a significant role in the early development of their businesses. They take away many hassles and offer a range of B2B services that otherwise are not easily accessible to independent merchants who are looking to create an online store of their own However, like every good thing, the benefits from marketplaces come at some price. . Marketplaces Take Huge Fee from Sellers It hurts to lose even a minute percentage of your hard-earned revenue; Amazon and eBay take away a significant percentage of it from you. There is a complex list of different types of fees and commissions these platforms take from sellers in lieu of letting them use their platforms. If you are willing to take your storefront in the premises set by Amazon and eBay, be ready to lose a significant portion of the revenue you generate during your stay. The range of fee and commissions differ from product to product and categories to categories. Be ready to do some homework about the charges before you take your products to these marketplaces for selling. Source: salehoo.com Besides, sellers can opt for various premium services like sponsored listing, featured listing, , and others to secure a better chance of visibility on the platform. Yes, despite you are ready to give away a portion of your revenue you still cannot make sales unless you are visible to the customers. FBA You need to opt for premium services to gain good visibility. FYI, Amazon takes 26.7%-60.6% of the sales revenue for the products listed under-advertised categories. This fee is in addition to the regular 6–15% selling fees per-sale. You Have No Control over Your Business While you pay the extra premium to get all those infrastructure benefits, you still are not the actual boss of your own business. All that a marketplace cares about is its own benefits. They focus on promoting and selling products online, not the sellers. Despite spending so much on the platform, you cannot call them your own. All the customers you get while on Amazon or eBay are the marketplace’s customers, not yours. You are just a third-party seller whom they can easily replace with some other seller. Besides, you cannot just upload a product you like. All your listings first go through an inspection and approval process before they are live on the site. They can take your listings down if they don’t find them viable for their business. In short, even after spending fortunes to compete on Amazon or eBay, you don’t own anything on the platform. They reserve the right to control everything about you, including your product listings, storefront information, and communication with customers; they regulate everything that identifies you as a brand. Competition Is Insane and Expensive Apart from all these, you have to compete with the in-house products from Amazon and the giant sellers who capture the listings in almost every category. Hence, selling products online on a marketplace might seem like a seamless way to start with no investment in technology, but you would find it difficult to stand unless your products are really out of this world, or you pay fortunes for premium services and get better visibility. Therefore, not just the is inevitable, but also many other overhead costs are involved, which somehow marketplaces present as optional, but a seller is not good without opting for them. If you don’t opt, your rival sellers will opt for sure, and gain an upper hand. commission-per-sale To conclude Nothing is easily accessible in the eCommerce market. Anything with a benefit comes with a corresponding price. If marketplaces offer the easiest way to start your eCommerce business, they also encompass the cruelest ways to claim a part of your revenue. There is a cost involved in every opportunity. I don’t say starting your own eCommerce site is an easier alternative, but that also gives you absolute control and ownership of your business. These days, it’s so easier to set up and launch a proprietary eCommerce store. All that you need a good eCommerce script or an online marketplace software, which you can set up, customize, and host on a server of your choice. Of course, setting up a site is a big commitment and requires some groundwork, but don’t you think it’s worth it, considering all the revenue you can claim for yourself? Even if you are a one-man army, there are simple yet competent eCommerce solutions in the market that you can use to create an online store and manage the same without any help. You don’t have to compete with the likes of Amazon or eBay. Just be a little creative and start something very niche, which can stand out from the rest of the competitors. Now that you know the pros and cons, analyze your case, and you will have an idea of where to start and how to start selling products online using different ways.

The Pros and Cons of Selling on Amazon and eBay

Transductive Learning for Textual Few-Shot: Limitations, Acknowledgements, & References

“What we don’t understand, we fear. What we fear, we judge as evil. What we judge as evil, we attempt to control. And what we cannot control…we attack” — Unknown Cryptocurrencies offer the promise of a financial system free from centralized authority and third-party control. The idea of cryptographically secure transactions that put the control of your assets in your hands is not a recent one, but it was fairly unexplored before the advent of bitcoin in 2009 (and even less popularly before e-cash in 1983). However, the meteoric rise of crypto prices towards the end of 2017, followed by a sharp fall next year, has renewed the global focus on these digital assets. Governments and financial authorities that were earlier dismissive of this “fad” are now having to sit up and take notice. And in the apprehension of this new asset class that was born out of notions of crypto-anarchism, many official bodies have gone the downward spiral of , , and . But as knowledge and awareness of cryptocurrencies gain ground, several forward-thinking nations and states have gone ahead with as well. fear evil control , attack positive regulations The current landscape of cryptocurrency regulations could be divided into lines of economic development. While cryptocurrencies are broadly legal (as digital assets) in the EU, United States, Australia and other developed nations like Singapore and Japan, their legality is a matter of debate in developing economies. The uncertainty regarding crypto regulations stems from the fact that cryptocurrencies can’t be classified as an investment contract defined by the . Axpire advisor John Fenton that there has to be a carte blanche standard across the crypto industry. It is hard to have a borderless technology adhere to bordered laws. While governments will always look towards protecting their citizens, crypto regulation has to have global acceptance. Howey Test says Here’s a brief snapshot of the current legal framework for crypto in across major nations: has been grappling over the subject of how to deal with crypto as an asset class for a long time now. Regulations in the US cannot be looked at with a blanket view since some states have been to crypto than others. The SEC, on its part, has been and at times on crypto. However, a series of and (to weed out scams) are slowly paving the way for more progressive regulations. Legal eagle Morvareed Salehpour that the US is taking a measured approach in the right direction. Projects which are seeking to move to countries with seemingly more liberal crypto regulations don’t realize that many nations usually follow suit on US legal precedent. The United States more welcoming cautious tough class action lawsuits precedent-setting trials says has effectively outlawed trading cryptocurrencies, while has blocked banks from providing banking services to crypto firms (including exchanges) while not expressly outlawing crypto. Both nations have a stance. The issue in India has now come to the point where the Supreme Court has to come up with clear regulations in 4 weeks. China, on its part, has expressed support for a global regulatory push. China India blockchain-before-crypto directed authorities and have comparatively friendlier regulations when dealing with crypto. While Japan treats crypto as property and the FSA (Financial Services Agency) has given self-regulatory status to the industry, South Korea is still a bit lagging on this front. South Korea’s Financial Services Commission (FSC) has that a number of crypto bills have recently been submitted to its National Assembly for consideration. These bills are aimed at protecting the rights of crypto owners and ensuring robustness and security of crypto transactions. Japan South Korea revealed , and are the most progressive in terms of regulations, leading to many projects shifting base to these nations. Trading and exchanges are legal in these jurisdictions, and cryptocurrencies are considered as , or . As per John Fenton, Malta is going to be one of the forerunners with respect to regulation. Singapore Switzerland, Malta goods assets medium of exchange “Malta will be the benchmark and every other country will follow”. Bitcoin ATM in Zug, Switzerland ( ) source Where do we go from here? While the crypto space continues to see massive growth both in the scope of use-cases and technologies as well as the number of projects, regulations have not been able to keep pace. The Brookings Institution that the confusion around crypto has been complicated by different governments having divergent views. On top of this, as Morvareed Salehpour states, decentralized systems raise issues of jurisdiction, liability, and enforcement. Our current legal framework is not in sync with a true public blockchain. So it is but natural that governments don’t tend to favor truly decentralized blockchains. Private blockchains and centralized actors are more acceptable. But as a multitude of crypto-specific cases makes their way up the courts, is starting to build up. And the case for truly decentralized systems is gaining ground. notes case law Authorities the world over already the merits of blockchain and most that over-regulation could kill innovation. Therefore, a lot of regulatory focus has now shifted towards consumer protection, fighting fraud and stronger custodial solutions. In line with this, robust protocols have to be put in place by regulators. Just like equity traders don’t have to worry about their stocks being stolen, the same has to be ensured for this new kind of digital asset. Moreover, another recurring theme is the call for trans-national regulations. The European Banking Authority (EBA) already that there is a need for appreciate agree accepts “standardized regulations for cryptocurrency operations within the EU”. As a result, these regulatory movements are now starting to affect technological trends as well. Consumer-focused regulations would lead many tokens/coins to be deemed as securities in the future. Consequently, one of the overarching trends for 2019 is the emergence of (or STOs), and projects like are already looking to capitalize on this by building simpler on-ramps for conducting STOs while being fully compliant with current laws. It is expected that there will be more instances of technology mimicking regulatory movements. Security Token Offerings CoinBX In the longer run, we have always seen that law embraces innovation. No matter how long it takes. Legal precedents are already being set the world over in such cases as , , , and so on. It is only a matter of time before we start to see more level-headed regulations globally. An effectively regulated market leads to lesser instances of fraud and greater consumer protection, while at the same time encouraging FinTech innovation. And by the signs of it, we are moving firmly in that direction. Blockvest Bithumb Bitcoininfo About the Authors: Rohit Chatterjee is an Analog Design Engineer working in Texas Instruments, and Abhijoy Sarkar is a banker-turned-entrepreneur. They are high school friends who lost contact years ago. They reunited over crypto in early 2018 and have been investing through mutual research and shared knowledge. They wrote this article as a writing gig through the crypto-freelancing platform MatchBX.io , letting them get rewarded for their work.

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