The secrets to dominating the Amazon marketplace aren’t as tricky as one might think. Read below for some tricks and trades needed to enable sellers to thrive in the crowded Amazon marketplace.
Outsource to third-party companies: Let other people help you. In my experience, most people want to have a hand in all aspects of their business and to be honest; it’s not feasible. The number one priority the successful Amazon seller needs to be concerned with is finding successful products. Invest in third-party companies to assist with other aspects of business such as the warehouse, software, personnel and book-keeping.
Focus your resources on your best-selling inventory. This rule is probably the easiest one for dominating the Amazon marketplace. Always keep your best-selling items in-stock and consider increasing your sales by using sponsored ads.
Use Fulfilled by Amazon–Fulfill whatever you can by Amazon. Sellers receive an orange Fulfillment By Amazon icon on their seller listing when sellers use FBA. They also get the opportunity to compete on Amazon Prime. Finally, the inventory storage cost is commonly lower than your own overhead, which means your conversion rates increase and you have lower return rates.