Selling on Amazon: individual vs. professional selling plans
Amazon can be a valuable resource for businesses looking to build a loyal following. The platform provides the ideal venue for new enterprises because it already has a significant consumer base. Without spending a lot of money on promotion and marketing, sellers can get the customers they need to bring in positive cash flow each month. The Amazon professional account guide will assist you in making the decision to open an Amazon store, which is a vital first step for any business owner.
Features of Amazon individual and professional account
Professional plans include the ability to use a spreadsheet to upload many products at once. This option can save new sellers a lot of time by allowing them to quickly put all of their products onto the Amazon marketplace. An individual plan requires a seller to enter each item separately, wait for it to be matched against Amazon’s existing inventory, and then build a listing for it.
The inventory option on Amazon may also be beneficial to new firms as they start the fulfillment process. Businesses need to know how many products they have on hand at all times, whether they use Fulfillment by Amazon or fulfill orders manually. While both plans provide this information, professional plans also contain inventory-reporting functions that help with inventory reconciliation. Professional plans also feature general reporting, which is useful for new sellers who want to understand how their buyers engage with their products.
What is an individual seller account?
You can utilize the basic listing and order management capabilities in your own seller account. These are good for listing one item at a time, but you will need a pro seller account if you want to perform bulk uploads.With an individual seller account, you can’t set up territories to collect sales tax.
Individual accounts are unable to add items to categories such as automobiles, apparel and accessories, gourmet and grocery food, jewellery, luggage, and shoes, among others. Individual shipping rates are also established by Amazon. Experts point out that starting with a professional account may encourage you to sell, sell, sell in order to achieve the $40 mark and pay off your monthly subscription charge.
Know about professional seller account
Unless you only plan to sell a few high-ticket things per month, the professional account will provide you with more benefits. In addition to saving money, you will be able to sell in Amazon’s limited categories and get more seller reports. You can use a spreadsheet to add several products at once, use third-party services, and advertise in the Buy Box.
While setting up an Amazon store may be simple, business owners will have to make a few considerations. The most important decision is whether to use an individual or professional selling strategy. Professional sellers pay a premium price for access to more extensive services, as with most cloud-based business solutions, but not all new sellers will benefit from those features.
If you are still undecided, it is probably preferable to start with the professional seller account. If you do not like it, you can always downgrade, and if you don’t like it as an individual seller, you can always upgrade. You will be able to learn all of Amazon’s tools and seller central if you choose a professional seller account before selling your first goods. Even if you don’t sell more than 40 things in your first month, the additional fee may be worth it just to learn how to use their tools. When you start to expand, this experience and introduction to Amazon seller tools will come in handy.