This post is going to be different than my usual posts. It’s not going to be about growing your Amazon business, but more about planning and protecting your FBA business. I’m also going to assume you already have an Amazon FBA business up and running and are familiar with the basics of selling on Amazon. So, if you’re just getting started on Amazon, this might not be the right time for you to read this post.
In this post, I’m going to share a few of my thoughts about how I think Amazon will look in 5 years from now and how that should affect your strategy as an Amazon seller.
Amazon is changing fast
If you’ve been selling on Amazon for a while, you know this already. The market has gone through a lot of changes over the last couple of years alone.
A few years ago, it was easy enough to find good products, get them listed on Amazon, start ranking and then relax while the sales came pouring in.
Those days are long gone.
Nowadays it takes a lot more effort to make sales happen on Amazon. Rankings are harder to get.
Amazon FBA in 2022:
Amazon will be the largest internet economy in the world by 2022, with $520 billion in global sales. Amazon’s revenue from third-party seller services in 2017 was $43 billion, up from $31 billion in 2015 and $15 billion in 2012. In addition to being a large sales channel for third-party sellers, Amazon is also a leader in innovation. It provides an array of tools for sellers to market their products and services on the platform. In fact, Amazon has been such a success that many other companies have created similar programs, some of them with features that are even better than Amazon’s. As such, it is important to understand the differences between these platforms before you make your decision.
First off, let’s take a look at what each program has to offer:
Amazon is one of the most popular ecommerce platforms on the web. With its massive selection of products and services, Amazon has made it easier for people around the world to buy just about anything they want. The company has also expanded into new markets like China and India, which means there are now more opportunities for sellers to reach customers around the world.
In addition to selling products through its website
I have been selling on Amazon for the last 5 years. I have experienced the ups and downs of selling on Amazon. I started by sourcing wholesale products from China and selling them online through my brand. This was a very time-consuming process, as I had to find suppliers, negotiate prices, order products, and ship them to an Amazon Fulfillment Center in the U.S.
I then started to offer white-label products to e-commerce stores through Amazon’s FBA program. This is when I realized that customers don’t care about brands; they want high quality, low priced products that are delivered fast.
Amazon has become a very competitive marketplace and it is not easy for new sellers to enter this market due to the cost of branded products and shipping costs. The largest struggle that I faced was how to compete in this space while still maintaining a healthy profit margin.
I decided to start my own private label brand and source from Alibaba, which enabled me to significantly reduce my costs and sell at a price that is more affordable for the end consumer. My biggest challenge now is how to get my product listings on top of search results so that I can get more sales, which requires increasing your organic ranking or paying for advertising on Amazon