Options for maximizing your FBA experience
For any e-commerce entrepreneur, selling on Amazon can be crucial to hitting your sales goals. The beauty of FBA (Fulfilled by Amazon) is incomparable convenience such as discounted shipping rates, quick delivery, returns management, plus effortless logistics. If you’re already using Amazon or plan to, here are the top FBA tools you should consider using for your business.
Amazon Seller App
Available as a free download, the Amazon Seller app allows you to access your account, manage orders, and check in on your inventory and sales in real time from any mobile device. This tool also allows you to see customer feedback and send responses, compare your sales prices to similar products being sold online, and even do some research on competitors. And that only scratches the surface of what this app can do. There is a monthly fee involved to use the app, but more than worth it if your company is making multiple sales a day.
It can sometimes be difficult to source your products. Even if you’re already selling products online, keeping up with the amount of inventory you need can be tiresome. You may not have the space for all those products at once (another reason FBA is a great choice), but you may have to wait on your shipment before you can sell more. That’s where stock-finding software, such as ProfitSourcery comes in to help you find the best deals and keep your stock coming in whenever you need it. This helps avoid delay in shipments, which could create unhappy customers.
Setting a reasonable price for your products is perhaps the most important step in your online selling journey. Your price needs to be competitive enough that people buy your products, but you also need to make sure you’re providing enough profit to be successful. With the right pricing tool, you can create strategies and stay ahead of your competitors.
Selling online requires the ability to also receive payments online. This may seem like a no brainer, but you need to make sure you can accept funds from international customers without having to deal with local banks and accounts. Using a tool such as Stripe or Currencies Direct, you can easily transfer funds online, or by phone or app in order to seamlessly collect all payments. Plus, some payment software can save you money on currency exchange rates.
Using shipping software can rid your company from a lot of headaches by instantly downloading your online orders, cutting down on shipping time. You can use software such as shipping easy and ShipWorks to create your own invoices, promos, monthly and annual reports, and more.
Shipping and Inventory go hand in hand, and all online merchants need to stay on top on these in order to sustain their success. To manage your inventory, product listings, and orders, you should look into finding the best inventory management software, like Linnworks. This tool will take a lot of the legwork and time out of your daily inventory taks.
PPC and Advertising
In order to see long-term success and to build even more brand awareness, you need to utilize PPC and advertising tools. Build a strong foundation with your optimization strategy by using PPC profitability software such as Forthea or SellerApp, and invest in sponsored product ads with PPC Entourage to boost your sales even more.
With any business, covering legalities is a must. Learn how to keep your listings from getting suspended or have a legal team handy that you can ask questions when you’re not quite sure of something. Amazon Seller Lawyer is a great place to start for any legal questions or concerns you may have regarding your e-commerce site.
Selling your products on Amazon can be an exciting and rewarding venture. Using tools to maximize your profits is something to consider whether you have an already successful business or you’re just starting out. Of course there are countless options out there for you to try out and utilize, doing research is a great way to dive in. By choosing the best tools for the specific needs of your business, your success is more than attainable – it’s already there, waiting to be maximized.