sell-on-amazon

Section 2:

Lesson 2: Expectations from This Course

sell on amazon L2
hello removebg previewHello friends, How’s life?
Today we will set your expectations from this course right.
This course will include everything about selling on Amazon India. It will consist of everything from searching for a great product to sourcing it and then calculating your profit on it. We will show how everything is done with examples and provide essential tips and tools for everything.
Our objective is to provide a very clear picture of Selling on Amazon without any bias. This will help you to make an informed decision for yourself.

hello removebg previewHello friends, How’s life?
Today we will set your expectations from this course right.

This course will include everything about selling on Amazon India. It will consist of everything from searching for a great product to sourcing it and then calculating your profit on it. We will show how everything is done with examples and provide essential tips and tools for everything.

Our objective is to provide a very clear picture of Selling on Amazon without any bias. This will help you to make an informed decision for yourself.

2 2

Even though this course is made for Amazon India, I welcome everybody to come with me on this journey. This course will be beneficial for selling on all Amazon marketplaces and for selling on all e-commerce websites in general. The basics of the trade remain the same.
Indian e-commerce is a rapidly growing market, but its still immature compared to markets like the United States of America and the United Kingdom. The pros and cons of entering into Amazon India are as follows-

Pros:

  1. High Conversion Rate – Amazon has a conversion rate of approximately 50%. While some of the websites throw a party when their conversion rate hits double digits for the first time, Amazon is still the boss.
    Even the conversion rate of our website, Premlarshop, remains anywhere from 10%-15%.
    The 50% conversion rate means that one out of every two customers visiting the Amazon website makes a purchase. By selling on Amazon, we get access to such a genuine customer base with a high conversion rate.
  1. Economical & Professional Courier Support – Amazon provides its courier service to sellers at a very competitive price. Amazon courier person will pick up the packets from your place and deliver them to the customers.
    And suppose your order is rejected or returned. In that case, Amazon will deliver the package back to the seller’s premises without any extra cost for reverse logistics. With logistics being taken care of by Amazon, one can focus on other aspects of the business.
  1. Timely Payments – Amazon provides timely payments if we are working as per their guidelines. This is much better than the traditional method of working with Brick-and-Mortar Stores.
    A small businessman had to send material to brick-and-mortar stores and give credit.
    In our opinion, the credit business is not good as it disturbs the cash flow. Also, a lot of valuable time is wasted in follow-ups of the payment.
    Simply, Follow Amazon’s rules and enjoy smooth payments.
  1. Access to a Vast Network – Amazon has a great network that expands all over India. Selling on Amazon allows you to put your product in the hands of millions of genuine customers across the globe. It can be a fantastic PR activity for multi-channel businesses as well.
  1. Easy to Scale – Selling on Amazon is a very organized and process-based business. This means that you can easily put your business on Auto-Pilot mode once you start getting organic sales.
    You can utilize the saved time to spend time with your family, learn something new or establish a new business for you.

Pros:
1. High Conversion Rate – Amazon has a conversion rate of approximately 50%. While some of the websites throw a party when their conversion rate hits double digits for the first time, Amazon is still the boss.
Even the conversion rate of our website, Premlarshop, remains anywhere from 10%-15%.
The 50% conversion rate means that one out of every two customers visiting the Amazon website makes a purchase. By selling on Amazon, we get access to such a genuine customer base with a high conversion rate.

2. Economical & Professional Courier Support – Amazon provides its courier service to sellers at a very competitive price. Amazon courier person will pick up the packets from your place and deliver them to the customers.
And suppose your order is rejected or returned. In that case, Amazon will deliver the package back to the seller’s premises without any extra cost for reverse logistics. With logistics being taken care of by Amazon, one can focus on other aspects of the business.

3. Timely Payments – Amazon provides timely payments if we are working as per their guidelines. This is much better than the traditional method of working with Brick-and-Mortar Stores.
A small businessman had to send material to brick-and-mortar stores and give credit.
In our opinion, the credit business is not good as it disturbs the cash flow. Also, a lot of valuable time is wasted in follow-ups of the payment.
Simply, Follow Amazon’s rules and enjoy smooth payments.

4. Access to a Vast Network – Amazon has a great network that expands all over India. Selling on Amazon allows you to put your product in the hands of millions of genuine customers across the globe. It can be a fantastic PR activity for multi-channel businesses as well.

5. Easy to Scale – Selling on Amazon is a very organized and process-based business. This means that you can easily put your business on Auto-Pilot mode once you start getting organic sales.
You can utilize the saved time to spend time with your family, learn something new or establish a new business for you.

Cons:

  1. Higher Return Rates – Cash on Delivery is very prevalent in India, leading to higher product return rates. These returns lead to loss due to courier charges, which affects the profits of the seller adversely.

  2. Price Sensitive Market – India is a price-sensitive market, making it challenging to grab good margins.

  3. Payments Withhold – Sometimes, Amazon withholds payments due to reasons like the likelihood of customer returns in the future, etc. This indefinite delay affects the cash flow of the business.

  4. Strict Rules – Amazon is very serious about business and treats its customers as the centre of its universe. That’s why they have stringent rules and policies relating to product quality and customer service.
    And if any seller defaults, Amazon is likely to charge the seller for it.

    But let me assure you that if you follow what’s taught in this course and follow the Amazon rules, you will be overcome all the challenges like a pro.

Cons:
1. Higher Return Rates – Cash on Delivery is very prevalent in India, leading to higher product return rates. These returns lead to loss due to courier charges, which affects the profits of the seller adversely.

2. Price Sensitive Market – India is a price-sensitive market, making it challenging to grab good margins.

3. Payments Withhold – Sometimes, Amazon withholds payments due to reasons like the likelihood of customer returns in the future, etc. This indefinite delay affects the cash flow of the business.

4. Strict Rules – Amazon is very serious about business and treats its customers as the centre of its universe. That’s why they have stringent rules and policies relating to product quality and customer service.
And if any seller defaults, Amazon is likely to charge the seller for it.

But let me assure you that if you follow what’s taught in this course and follow the Amazon rules, you will be overcome all the challenges like a pro.

3 1

On average, with consistent efforts, you will have to sit firmly on the seat of patience for a minimum of 3 months to start getting organic sales in sound volume.

Your sales volume will depend on

  • the number of products that you are selling
  • the average price of the products that you are selling
  • the category in which you are selling

If your products are unique and valuable, you should easily earn 10-20% net profit on your products. With outsourcing specific tasks and automating your business, you should be able to do all this with very little time investment.

On average, with consistent efforts, you will have to sit firmly on the seat of patience for a minimum of 3 months to start getting organic sales in sound volume.

Your sales volume will depend on

  • the number of products that you are selling
  • the average price of the products that you are selling
  • the category in which you are selling

If your products are unique and valuable, you should easily earn 10-20% net profit on your products. With outsourcing specific tasks and automating your business, you should be able to do all this with very little time investment.

4 1

And if you are good at what you are doing, then the sky is the limit!

Share on :

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

Share on :

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
next lesson
Tarashme

Tarashme

Tarashme is a blogging website for entrepreneurs. It provides practically useful content that helps them to accelerate their growth.
Author: Akash Kumar

18640cookie-checkLesson 2: Expectations from This Course

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top