PART 2: Things to keep in mind before starting business on Amazon
As for the case in every business patience is the key to success. Just like that when we are thinking to start business on amazon we must consider that it is just like starting any shop which needs investment of money, our time and potential.
It requires at least six months span from product hunting to profitability. Following are the steps required in whole process of establishing business on amazon.
- Account Creation
- Product Research
- Sourcing
- Shipping
- Launching
- Ranking
- Reorder
Not just that, we have to keep in mind the expenses that are required in running successful e-commerce business other than inventory. There is no doubt that cost of inventory is the most important factor but along with this there is list of expenses I’ll show you here:
- Company Formation
- Amazon Monthly Subscription
- Product Photography
- Content Writing
- Inventory Cost
- Shipping Cost
- Paid Reviews
- Giveaways
- Sponsored Ads
- Reorder
- Trade Mark Registration
- Company Annual Tax Returns
In upcoming Posts we’ll discuss step by step procedure of all the points.
