Making money on Amazon is one of the hottest topics among entrepreneurs. The essence of making money, according to most people, is that you buy cheaply in China and sell expensively in the United States on the ready-made e-commerce website Amazon.com. Recently, a lot of information about amazon dropshipping appeared on the Internet that says this business is cool and profitable.
But at the same time, there are a lot of videos saying that Amazon dropshipping is not so easy and that AliExpress dropshipping is easier. So we decided to write an article for people who are now exploring the topic of business and making money on Amazon.
The first thing you have to realize is that dropshipping on Amazon is a full-fledged merchandise business. You’re selling real goods to real people. It’s not some easy money-making scheme, it’s a profession that you’re going to have to master to make really big money.
On Amazon, you can sell in several ways:
- Sell your own branded merchandise.
- Sell other people’s products by buying them in bulk and using Amazon warehouses for storage, logistics, and other things.
- Sell goods by dropshipping without having them in stock.
What will your Amazon business look like and what are the steps you need to go through?
- You need to sign up for the Payoneer payment system.
Why? Because this is the payment system that Amazon will use to make payments to your Payoneer account. You don’t have to use Payoneer if you have an account with an American or European bank.
- You have to prepare your documents to register with Amazon
It must be a passport in English. The scan of the passport must be of good quality. And the second document is a Payoneer statement or bank statement by which Amazon will check and see the address of residence.
- The registration on Amazon
There are a huge number of nuances. All the data you have in your documents and what you specify when registering with Amazon should be coincident and identical.
Every number, every character, every letter must be the same. Otherwise, you won’t pass the next step – verification of your account.
- Setting up analysis tools
You need that to find products that are selling well right now. This is different software, extensions, analysis services, analytics, and so on. After that, you can already engage directly in the search for goods. You find a product that sells well, and depending on the sales model you either just add it to your inventory and sell it on dropshipping.
Or you buy them, bring them to Amazon’s warehouses, and then Amazon processes the orders for you.
This whole cycle, which starts from product sourcing, purchasing, launching different products, and so on, you’re constantly repeating.
There’s a huge amount of nuance at each step of Amazon dropshipping and you’re probably going to need a mentor to move quickly and efficiently.
AliExpress dropshipping is easier than Amazon dropshipping. Specialists recommend inexperienced entrepreneurs to start their dropshipping business on AliExpress. And our Ali2Woo plugin can help you a lot. It offers you everything you need to start and run your successful dropshipping business today.