How to Start a Dropshipping Business on Amazon
If you’re looking for a compelling investment opportunity, look no further than partnering with the online shopping giant that is Amazon. More and more of us are getting regular shipments of items that we once would visit a store to purchase. Amazon ships everything, from laundry detergent to that rare hobby item that you can’t seem to find anywhere. Learning how to start a dropshipping business on Amazon can be a lucrative passive income opportunity.
Starting a dropshipping business is a great way to earn hands-free income in an industry that is only growing by the day. Simply put, when a customer orders an item from your store, you receive the order and payment. You then contact your supplier and have the item shipped directly from the supplier to the customer’s doorstep. Rather than holding onto inventory, you simply purchase merchandise when a customer makes an order. You don’t have to worry about keeping stock or packaging since it is all done at the supplier.
While it is relatively easy to start your own dropshipping business on Amazon, it can be tricky to know what products to choose, how to set up the store, and how to make it profitable. NextGen Strategic Investments not only knows how to play the Amazon store game, but we also have the expertise to help guide you through the process. Other investors have trusted NextGen with their Amazon stores and are now reaping the benefits. Why not you?
Learn more about how to start a dropshipping business on Amazon with these tips.
Set Up an Amazon Seller Account
The first step to dropshipping on Amazon is to set up an Amazon seller account. This type of account is different from your regular Amazon account as your store gets connected to the website’s seller side. Amazon gives you a few choices to choose from when it comes to setting up a dropshipping store. You can choose to sell as an individual or a professional.
Individual vs. Professional Amazon Account
The platform recommends an individual account for those interested in selling 40 items or less per month in their Amazon store. However, it’s best for those using a dropshipping business for investment purposes to choose a professional account. This account allows your store to sell 40 items or more per month. The professional option has a monthly subscription fee, but it will enable you to have more access and freedom to run your store the way you want.
How We Can Help
When you work with NextGen Strategic Investments, not only do we take care of the backend setup of your new store, but we also help you set up your new LLC and apply for your federal tax ID and tax exemptions in all 50 states. We’ve done it with countless other clients and know how to set up the account to make it work from day one.
Find the Perfect Product
As an Amazon seller, it can be hard to find the perfect product to bring a profit. Sellers must find a product that is in high demand but has low competition, which can be tricky. Combine that with finding a quality 3rd party wholesaler or manufacturer, and you could spend months trying to find a product that maximizes your profits.
How We Can Help
Our team knows the kind of products that maximize profit. Our analysts conduct extensive product research and ensure that the price point is digestible for the average Amazon consumer. Many of our investors may not know anything about the product they are selling, which is okay because we do. Don’t waste time trying to find a product that brings in sales. Choosing to work with us saves you time and money when learning how to start a dropshipping business on Amazon that works.
Find a Supplier
You may have found the perfect product to sell online, but how will you get it to your customers’ doors? Finding a quality supplier is incredibly important when it comes to starting a dropshipping business on Amazon. A supplier that doesn’t meet Amazon standards will result in unhappy customers and bad reviews, which can jeopardize your Amazon seller account status.
How We Can Help
We have great relationships with many different suppliers all over the world. Our current investors trust us in finding a manufacturer or supplier that provides quality products that customers can trust. Our team of experts knows how to find the right supplier for your store at a price point that will maximize your investment.
List Your Item on Amazon
Many factors go into listing an item on your Amazon store. Not only do you need great pictures, but you also need to know what price point will work best for both your target market and your bottom line. Title keywords and an SEO-friendly description also all work together to get your item in front of customers.
How We Can Help
Our team has managed Amazon seller accounts for over 230 clients so far. We take care of all the tedious work that comes with listing a product appealingly and effectively. When an item gets sold, we take care of all of the management, analysis, and optimization for you so that you have a hands-off experience in your investment. However, our clients have full visibility and can track the store’s performance, the products sold, and everything business-related. We believe in total transparency, and we value providing the best possible service.
Let us take care of your Amazon store for you so that you can reap the benefits without having to do any of the work! NextGen Strategic Investments knows this business and can boost your investment quickly without the need to lift a finger. Our team takes care of every step, and we have successful clients to prove it.
What are you waiting for? Let us help you in maximizing your profit with a dropshipping business on Amazon. Schedule a free consultation today to see if we’re a good fit!