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Get Started Selling on Amazon: The Complete Step-by-Step Guide (Part 1 of 12)

23
Aug

Read time: About 5 minutes!

Introduction

By now, you have probably heard the rumors that you can make some serious cash selling on Amazon. Well, I’m here to confirm that those rumors are true. If you are curious but don’t know how to sell on amazon then read on.

On July 22nd 2015, I began my journey as an Amazon seller. In the past 3 years, I played around with the idea of selling on Amazon but did not take it serious. Over that period, I had sold 2 items that were laying around my house but didn’t need.

I’m glad that I decided to give it another try because as of today (exactly 2 months later as of yesterday) out of all my income streams, selling on Amazon has brought in the biggest revenue share- I have successfully generated over $15,000 and counting.

So, as usual I am going to show you how you too can get started in setting up this lucrative income stream for yourself.

There is a lot to cover and I know how easy it is to get overwhelmed by all the information so I am breaking this post into a 12-part seriesthis post being the first part.

By the end of this series, if you follow everything I outline, you should have your new Amazon store up and running and already making money in less than 30 days (obviously, the results will vary from one person to the next- your job is to do your part).

Let’s roll!

Part 1: Creating Buyers & Sellers Accounts for Selling on Amazon

In this first part, we will be setting up all the accounts we need to get our new Amazon business up and running. It’s an easy way to get things rolling without taking on too much.

Set up a new email account: I recommend setting up a separate email account to handle all things related to this income stream. Use your favorite email provider, I highly recommend Gmail (it’s what I use) because it contains many useful tools.

Tip: For your email ID, use something that will be close to the name of your Amazon store. If you have no idea what to call your store, just go to Amazon and look at what other sellers are calling themselves and come up with something along those lines.

Your name is not as important at this point because you can always change it to match the niche you finally decide to compete it.

Set up buyer accounts: Use your new email account to open new accounts with DHGate, Alibaba and AliExpress. Make sure all your account information is verified and that your buyer’s account is ready for business.

dh-gate-account-for-selling-on-amazon

This is where we will later come back and source our products from suppliers. Don’t worry too much about the details at this point, just get the accounts and we’ll come back to them later.

Create a Google Sheet (Spreadsheet): Use this to save all your account credentials with links to the various websites. Create a tab called “Account Info”, “Credentials” or whatever you’d like to label it. To learn more about Google Sheets, watch this video by Google.

This will come in handy when things start to get a bit chaotic later on during your sourcing process and even after your new amazon business is launched.

Set up an Amazon Seller’s account: Head over to Amazon via this link and set up your seller account. For now go with the free Individual Seller Plan (we’ll later upgrade to the paid Professional Plan but not yet)- we don’t want to be spending any money just yet.

Make sure you verify your phone number and all the account information to get your account ready to sell. Once that’s done, leave it as is and we’ll come back and play around with it later.

register-for-amazon-sellers-account

Tip: Don’t sign up for the Professional Sellers Account (even with the 30-day free trial) we’ll take advantage of that when we are ready. Saving the $39 (current monthly subscription for the professional plan) is worth it.

That’s it for now.

With all those accounts set up, spend some time familiarizing yourself with how each platform works. Look at how listings are placed, messaging, search etc.

If you have any questions or are stuck and need help completing any of the steps outlined here, leave me a comment below or email me and I’ll be happy to help.

Keep Reading 

Up Next, Part 2: Researching Hot & Profitable Products To Sell on Amazon

This post is a part of the ongoing Get Started Selling on Amazon: The Complete Step-by-Step Guide series, follow the links below to read them:

Part 1: Creating Buyers & Sellers Accounts for Selling on Amazon (Current)
Part 2: Researching Hot & Profitable Products To Sell on Amazon
Part 3: Finding the Right Suppliers for Your First Amazon Inventory Batch
Part 4: Getting Ungated for a Restricted Amazon Categories
Part 5: Listing Your First Product on Amazon
Part 6: Testing the Market Before Making the Big Purchase
Part 7: Purchasing Stock to Sell on Amazon
Part 8: Shipping Your First Amazon Order, YAY!!!
Part 9: The Magic in Positive Ratings & How to Get Them
Part 10: Improving Your Seller Ratings & Ensuring Your Account is Not Suspended
Part 11: Moving Up to Fulfillment by Amazon (FBA) (Coming soon)
Part 12: Scaling Up Your Amazon Operation (Coming soon)

amazon-selling-business-in-a-box-tims-30-streams-passive-income

15 Responses

  1. Sheila

    There was a time I was very interested in the whole Amazon re-seller thing, but it got a little complex for me. Now that I can see it firsthand like this, I get to learn what I found difficult from you! This is very exciting Tim!

    1. I know exactly what you mean Sheila-

      I did too back in 2013, then dropped it. It can get overwhelming real quick! Hence why I decided to break it down into 12 parts, hopefully this will be easier to take in & implement.

      I hope you will give it another try 🙂

  2. Patrick

    Hi Tim

    About the legal ascpects: I never see anything about that you have to have a legal entity. Alibaba does not let me in without verified business status

  3. Hi Tim,

    First of all thanks . I was also planning to be a part of this for so long, but i was not very sure because of lack of guidance. I hope this blog will definietly help lots of people like me who want to be sellers in amazon or any other platform.

    I have one question, i am an INDIAN, Could you please suggest me which buyer account should be good for us.

    1. I hope you find this series helpful Ravi.

      The buyer accounts I mentioned should work great for you too because they don’t have location restrictions as far as I’m concerned.

  4. Hi Tim,

    First of all thanks for the information you are sharing very useful for the upcoming amazon sellers.
    This is very interesting. Long back i had also planned to start it, but due to lack of guidance i was afraid . Now i guess its easy for everyone who wants to be part of this.

    I am from INDIA, I would like to ask you one question about the buyer account. Which buyer account is good for us? Can we use the Same as you mentioned , DHGate, Alibaba and AliExpress ??

    I would be happy if you provide me this particular info.

    Thanks

  5. Vidas

    Hi Tim,

    Nice to see all the steps explained, the one single question arose in the process: Amazon requires to add a Credit Card with “Adequate Credit”. I wasn’t able to find out what amount of credit is needed and I was unable to ask Amazon, ’cause in order to ask I need to be a registered seller 🙂 Do you have any idea?

    1. Vidas,

      You’re right the don’t specify what “Adequate Credit” means but to my understanding they normally place a $1 temporary authorization on your card to ensure that it’s valid so I’m guessing your card has to have at least $1 to begin with. Other than than, I would imagine that they’d need at least $40 (to cover the $39 for professional selling services)

      So somewhere around $50 in my opinion would qualify as “adequate credit”.

      Are you having trouble adding your Credit Card?

  6. Pingback : Case Study 1 – Tim from 30Streams.com | Entrepreneur Case Studies

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