How to sell on amazon without inventory and Investment

 How to sell on amazon without inventory and investment

Introduction

Amazon is the largest platform E-Commerce website where different types of seller available for delivering the product form different location. People buying and selling different types and categories of product from anywhere in any time without any traveling while amazon is responsible for payment against this transaction.

Which Types of Product sell on Amazon?

Electronics Items (LED TV, Watch, Mobile Phone Prints cables, USB etc.)

Games and Toys of Children

Home and Kitchen Accessories (Likes Furniture’s and Glass, Plates etc.)

Clothing (Paints Shirt, Towel, Socks)

Shoes

Jewelry

Which Product to be choose for Selling?

First Step is choose this product for selling if choose right product then you can grow up business easily. You can follow some best tips at the time of choosing of product.

 High Demand

Low Competitions

Low Price

Which Minimum Price of selling product?

Amazon is allow to minimum price of selling product to be from Starting from 15$ to 60$.I will suggest if established new business you should be start at minimum prices.  

How to Register in Amazon?

You can register as individual business or in amazon website or mobile application. Choose two category at the time of amazon registration.

Individual Seller Plan

Professional Seller Plan

How much to collect Amazon Registration Fees?

Amazon Fees Depend on seller plan and both seller plan is different charges.

Subscription Fees Monthly

Selling fees

Per Unit Cost Fees

FBA Fee (Fulfillment by Amazon FBA Fees depend on product size, types and weight)

FBA Return Fees (If any items rejected by customer then amazon Charges fees as per dimension and Weight).

1-      Individual Seller Plan (Amazon Charges fees Per Units Sold 0.99$)

2-      Professional Seller Plan (Charges fess 39.99S per month charges and no charges apply on item per cost).

3-       

How to Grow Business on Amazon?

Right Product chose

Good SEO (Search Engine Optimize)

Free Selling Inventory

Low item cost

Low Competitions

Free Labeling

Introduce New Product with Extra Feature

Use Amazon Promotion

Advertising to different social media plate form

 Try to minimize return case from customer

What is FBA and Advantage of FBA?

FBA Means Fulfillment by Amazon that provided to storage, packing and dispatch to customer. Seller send to order Amazon Warehouse for customer shipping while customer already stored inventory in warehouse.

Another Model of Amazon Business

Private Labeling (Create personal product)

Wholesaler (Buying large inventory directly from Manufacture or distributor)

Drop shipping (Buying from manufacture and directly dispatched to customer)

Hand Made (Manufacture by yourself and direct sell on Amazon)

Arbitrage (Buying promotional items from manufacture or distributor/retailer and sell on Amazon.

Amazon Inventory

Inventory means list of items or material who available in our storage location or warehouse. Inventory may have in different form like

Finished Goods Inventory

Work In Process Inventory

Raw Material Inventory

Above mentioned types of inventory is commonly used in manufacture organization or producer setup but amazon inventory is something different because amazon on show this quantity who entered by yourself. Amazon don’t know backup inventory is available or not while system show available stock.

Types of Amazon Inventory

Amazon not a manufacturing setup because all inventory managed by seller through different sources like received from Wholesaler, distributor, retailer, manufacture then transfer to amazon warehouse or in our warehouse location so that inventory is something different manufacturing organization.

Types of Amazon Inventory

Amazon Warehouse inventory (Ready to dispatched customer in case of order received form customer)

In Transit Receiving Inventory (it not received by amazon warehouse team while dispatched from seller warehouse or manufacturer, retailer, wholesaler etc.

In Transit Dispatched Inventory (Sales order received from customer but do not dispatched in transit in packing and shipping procedure).

Return Inventory (this inventory is called rejected or damaged inventory it can received from customer or damaged by warehouse etc.)

Excess Inventory (item buying from manufacturer or distributor but not sell out and not updated in amazon stocks).

Seasonal Inventory (Seasonal selling on once or twice a month but other stock available in warehouse).

How to sell on amazon without inventory

Yes we will sell your provide services without any physical inventory like

Virtual Assistant Handle other person business activity administrative, content making, sourcing of product   

Third Party Services Provide services to seller storage, packing, shipping etc.

Sell Digital Product on Amazon (Like Gaming, books and different types of software etc.)

How to Manage Inventory in Amazon Warehouse

Forecasting Method (Forecast base on previous month sales and find out average quantity)

ABC Analysis Method (Base on cost analysis)

Re order Level (Set this order how replace order base on level)

Minimum and Maximum Level (Set lowest and highest inventory quantity)

Using Inventory Management Software (System provide alert on every transaction)

Inventory Manage by Vendor (fulfill this quantity by vendor)

Third Party Services (Responsibility of overall transaction of third party like dispatched, received, packing, organizing etc.)   

Review Method (Review on sales and inventory daily monthly weekly fortnightly bases).

Benefit of FBA

Free Logistics Services

Storage Free

Time saving

24 Hours services 

Increase Sales Volume

Free Packing

Disadvantage of FBA

Not past on private label

Extra Charges

Late Delivery chances

Less Care of goods