Your Review of Amazon’s FBA Wholesale Marketing Course

Published on: 25 September 2018 Last Updated on: 23 March 2019

There are now different tools and platforms that can help any individual earn money. Fulfillment by Amazon (FBA), for example, allows individuals to purchase products directly from the manufacturer, send these products to one of Amazon’s fulfillment centers, and have Amazon handle the picking, packing, and shipping of these products for a customer’s order. Under this service, Amazon will also handle your customer service and product returns. Because you’re just purchasing products from a manufacturer, you’re not launching a brand or trying to add value to a product – you’re just buying products from well-known brands and work as a seller on Amazon.

Selling wholesale products through FBA doesn’t require a large investment unlike other types of businesses. Because Amazon is already a household name, sellers can be assured that they will be working with a reliable brand once they sign up for FBA services. Aside from these, you can also experience the following benefits once you sell wholesale under FBA:

1. Established customer base:

When you’re a neophyte in the business arena, it’ll take years before you can gain loyal customers. You’ll have to study the market, know your target audience, and be ahead of the competition before you can achieve that goal. Fortunately, selling on Amazon can make the process easier and faster. Amazon has been providing products and services for decades, allowing them to earn millions of customers from different parts of the globe. Once you sell using this platform, you don’t have to worry about looking for your target audience – they’re already there in Amazon! Regardless of the products you choose to resell, you can guarantee that Amazon has the suitable target audience for them.

2. Scalability:

Getting a lot of orders is always good news for business. When this happens, you’ll have the opportunity to gain loyal customers and increase profit. However, when these orders are not met promptly, your name as a seller can be adversely affected as well. Over time, customers might see you as an unreliable seller. Selling wholesale products through FBA steers you away from this direction. Since you’re getting your products from another party, it’ll be easy for you to place orders based on the demands of your customers. If these products are selling like hotcakes, you can quickly increase your inventory in order to satisfy the demands of your customers. Less idle time, more satisfied customers.

3. Lower risks:

Usually, starting a business will require a lot of things. For one, you’ll need to have financial resources to set up your own brick-and-mortar store, hire employees, and use different kinds of marketing mediums. If your business doesn’t thrive and succeed, all of these investments will go to waste. Selling wholesale products through FBA lessens this kind of risk. Because you’re not required to have a store or make use of any marketing mediums, you don’t need to shell out a lot of money. Most often than not, you’ll only need to have enough money to purchase products from a manufacturer. Hence, when your attempts don’t give you any positive results, the loss is not that big.

Before deciding on the type of business you should engage in, it’s important that you also consider the disadvantages of your options. This will allow you to properly set your expectations and determine if such option is apt for your needs, lifestyle, and preference. Selling wholesale products through FBA might provide a long list of benefits, but it also comes with several cons:

Finding products that aren’t already sold on Amazon:

Amazon has been an online platform that sells different kinds of products since 1994. This brand has been operating for years, attracting more and more sellers every day. Because of the variety of products already available through Amazon, you’ll have a hard time looking for another product that is still inexistent in the website. Amazon basically has everything a customer could ever want and need – from cosmetics and electronic devices to books, decors, and even holiday costumes!

Successfully competing with other sellers:

As mentioned, looking for a product that is not yet available on Amazon can become a struggle. As a result, you’ll end up choosing products that are already sold on Amazon. This option still gives you an opportunity to earn, but you’ll have a lot of competition – some of which are already influencers or well-established brands in the market. Leveling out the playing field might mean you’ll have to come up with carefully thought-out pricing and marketing strategies and use other resources such as journal review coaching program.

High order quantities:

Being a reseller in Amazon will only require you to buy products from well-known manufacturers. However, since manufacturers sell products in bulk, you’ll have to make a significant financial investment upfront. You’ll have to pay a large amount of money just so you can purchase their products, sell these in Amazon, and make a profit from it. But the challenge doesn’t end there. Since you brought the bulk of products (probably around a hundred or more), you now have the responsibility of looking for a certain number of buyers just so you can earn from your investment. If you purchased 150 products from a manufacturer and only sold 20 of these, you’ll end up having a stale inventory and not being able to make the most of your investment. You’ll lose money instead of earn.

Being Different Is Good:

More and more people are choosing to purchase products from online platforms rather than doing it from a physical store. The former is more convenient and accessible to many. If you think selling wholesale products through FBA can satisfy these demands and can help you earn a steady income, go ahead and sign up for an account. Just make sure that you’re also using different strategies that can make your products stand out in the market. Remember that you’re not the first and only seller to use this platform.

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Oh, Crop! Killer E-commerce Mistakes You Need to Conquer

One of the most lucrative and fast-growing industries is the e-commerce industry. It has risen in popularity over the years due to the convenience and accessibility it provides for the consumers, and even for the sellers themselves. A lot of people have been trying to start their businesses from home, yet they don't know where to start, and they have no idea about the wide variety of industries they can invest in or the right tools they should use. Aside from knowing what to do with your new venture, you also need to know the common mistakes and blunders you can commit. Lapses, no matter how small, can be highly detrimental to your business. But as worrying as it all sounds, don't worry. You can learn how to spot, avoid, and remedy these mistakes with this simple guide. Without further ado, here are five mistakes you need to avoid to keep your e-commerce business bug-free and in full swing. Mistake #1: Forgetting Your Market One of the biggest and most common mistakes online entrepreneurs make is forgetting what their market looks like or who their target audience is. Aside from spending most of your time and effort in honing the perfect product, without actually creating a need for your customers, you also have to know your customer demographic. Wouldn't it be ideal to have customers before creating a product, rather than having a product beforehand and then looking for clients? All of your efforts will be rendered fruitless. Know how to target your audience or your buyer persona. A buyer persona is a representation of your customer's demographics, such as age, gender, profession, and social status. To paint you a clearer picture, if you're a designer in the print industry, you need to know your target audience before you begin selling. You won't sell cheap business cards to upper-class professionals looking to spruce up their portfolios just as you wouldn't sell overly-priced prints for low-quality products. Mistake #2: Lack of Social Media Presence The regular person owns at least five social media accounts. And on average, we spend about an hour and 40 minutes browsing these sites. Can you believe that the number of online shoppers in the United States alone will reach 224 million in 2019! Numbers aside, the stats are telling us to leverage social media in getting our brand out there. Say hi to social media. Brands are using social media marketing for some highly useful and practical reasons. Some even devise different loyalty program for their avid followers on social media channels. Some of these are because it provides: Low-cost solution. Social media platforms are an excellent way to get bang for your buck advertising and brand exposure. Customization. From Facebook Insights to Google Analytics, you can customize your pages to your heart's content and receive detailed reports on your customers' demographics and browsing behaviors. Excellent customer service platform. According to a recent study by Venturebeat, 51 percent of the respondents say businesses need to be available around the clock. If e-commerce brands are now adopting customer service chatbots with 24/7 messaging services, so should you. If you’re still not convinced, you can think of your social media accounts as your company’s very own affordable business cards, showcasing your brand and the services you offer virtually. Mistake #3: Neglecting Mobile Optimization Mobile is everywhere, and the world is accessing the internet through their smartphones. With 80 percent of internet users owning a smartphone, failing to recognize the need for mobile optimization, could mean losing half of your potential e-commerce market. Poor user experience can negatively impact your conversion rates. If you shift your focus on creating the ideal mobile user experience for your customers, you can increase your brand reputation and customer retention, and avoid losing 61 percent of your clients due to the poor website experience. As an internet-based entrepreneur, use whatever tools you have at your disposal to provide an optimized user browsing and shopping experience. Bank on your best assets and give yourself an advantage over your industry rivals. Mistake #4: Faulty Shipping Flexibility When you first decided to run an e-commerce business, I'm guessing you did for the flexibility it gave you in doing your daily tasks. You didn't have to meet people face to face, and you could make your timetable to suit your needs. You can now do all of your work at home, and nobody would have to see you in sweatpants. The same principle goes for your consumers. All customers like to have options, especially when it comes to shipping. According to research, only 1 in 4 online shoppers complete a purchase? 44 percent of cart abandonment cases are due to high shipping costs, and a whopping 93 percent of online shoppers say they'll buy more if they got free shipping. Free shipping can increase sales and improve customer loyalty. According to a study from E-tailing, 73 percent of purchasers consider unconditional free shipping as a decisive factor in shopping online. But like all other business aspects, weigh the pros and cons of your business before making a decision. Mistake #5: Failing to Measure Performance If you want to succeed in the competitive world of e-commerce, you need to know how to gauge and evaluate your performance. Take note of your business habits, particularly regarding expenses and marketing. Use your business plan as a roadmap to help you steer your way throughout your business venture. Check your statistics regularly. Update your ledger and see if your business is thriving or failing. Look at your consumer insights and keep up with the masses' latest trends. Be as specific as you can with your data. Don't inflate your figures and understand the areas you lack to improve them further. By monitoring your performance, you are helping your business achieve greater heights compared to passive management. And the good news is, there's always room for improvement, be it for you or your business. Takeaway As John Sagel said, "What we do know now is that the 'E' in e-commerce doesn't stand for 'easy.' Opening an e-commerce business can be overwhelming and nerve-wracking, but it can also be a highly worthwhile and profitable venture. There is no guarantee of overnight success. However, you can set yourself up for the best chance at succeeding. To do so, grasp the basics, learn from seasoned entrepreneurs, and watch out for their mistakes to avoid committing them yourself.

5 Times DOOH Helped Companies Reinvent Their Marketing

Digital-out-of-home advertising continues to speak to us in the most innovative language that everyone can understand and comprehend. That is why companies approach DOOH product marketing with excitement and now one plays it safe. DOOH is highly impactful, remarkably creative and, unlike most of the traditional ways of advertising, is literally impossible to block or ignore. Thus we’ve figured it’s just the right time to make the top 5 list and pinpoint the times DOOH helped companies reinvent their marketing. Listed below are the most inspiring, engaging and entertaining ways DOOH is used for effective marketing. A friendly warning: please refrain from any marketing reinventing through DOOH until you’ve found a digital signage software provider that fits your brand. Establishing a fully-functional digital signage network is a challenge, so my suggestion is: make a 5-10 key qualities list for DS and go from there. Honestly, there are staple requirements that will help you to make the most out of each display. Your DS soft should be able to play key media formats, integrate another innovative tech, and play interactive content. DS should allow you to seamlessly run a growing network, have a good health system in place, etc. The designs have to be exciting and up-to-date, and there is always a very important matter of quality customer support. Whatever it is for you – list the key requirements and start your search. We’ve spent a good couple of months searching and testing out DS soft, fortunately, we are pretty happy with our Kitcast digital signage software (check them out at https://kitcast.tv/). Best Examples of DOOH Advertising: i) That time we all wanted a Burger King Whopper. Calling me a Burger King fan would be a bit of a stretch, what I am though is a huge fan of their marketing. So, let’s talk about the impressive BK DOOH campaign, their digital-out-of-home pièce de résistance called “The traffic jam whopper”. The amazing never before attempted DOOH campaign in Mexico aimed to end hunger in all traffic jams. They used dynamic DOOH and promoted services in gridlocks bases on real-life data by locating the potential buyers in traffic. Traffic info and real-time data analysis were used to adjust the content of the billboards. Burger King ran messages displaying the time left in traffic and tracked and displayed time left before receiving the order. Additionally, mobile ads with campaign promotion were sent out as soon as cars entered traffic and were in close proximity to billboards. The cars were tracked with Google maps API to pinpoint the exact car position in gridlock. This was the first time ever anyone has attempted a delivery to drivers on the move and it was an outstanding success: the campaign boosted Burger King’s delivery service and the orders for food delivery increased by unbelievable 63%. ii) That time Kylie Jenner won programmatic. The latest Kylie Jenner’s billboard campaign was an ode to programmatic DOOH and has finally shown all of its power. I’m pretty sure that the new Kylie Skin ad campaign was to biggest programmatic campaign to date. Just imagine, it took 1 300 screens in more than one thousand cities across the US to make this digital-out-of-home marketing campaign a success. But, hold your horses, we haven’t gotten to the most impressive part yet! It has been reported that the whole programmatic digital out-of-home campaign was carried out with unimaginable before speed: it was conceived and made public across the US all in just under a week. From idea to Kylie’s face appearing everywhere - from the Times Square to a shopping mall in West Covina – all in just under a week. Jonathan Gudai, Adomni’s CEO said, and I fully agree, that Kylie Skin was absolutely groundbreaking DOOH marketing campaign: “To run that many ads on that many boards, with that minimal effort, is truly a remarkable thing” – stated Gudai. iii) That time McDonald’s teamed up with Met Office. It is getting harder to impress and engage consumers, but, last year Leo Burnett came out with a pretty amazing and a rather simple way to grab people’s attention with a DOOH marketing campaign for McDonald's. They’ve presented a digital outdoor campaign that turned McDonald's famous and highly recognizable menu items into weather icons of the five-day weather forecast and brought all of it to life on giant screens. iv) That time Pepsi brought us the HD live-feed AR 3D “Unbelievable bus shelter” DOOH campaign to scare the life out of us on the way to work. This award-winning campaign is hard to forget: Pepsi MAX has shown us an amazing and unbelievable experience with their innovative DOOH. Life-like lions, aliens and UFO’s, meteors, and people getting dragged underground by octopuses were all appearing before people’s eyes on a morning bus stop. We urge you to watch the promo video for Pepsi MAX - more than 8 000 000 people did! It is one of the most watched ads on YouTube. It was high-tech, creative, entertaining and to this day one of the most unforgettable DOOH marketing campaigns out there. v) That time the Emoji Movie digital-out-of-home won London. Let’s end our list with a really bad movie and a remarkably great augmented reality and DOOH marketing campaign. Sony Pictures has brought a very creative and fun campaign to the streets of London with just a billboard, augmented reality and facial recognition soft. Advanced soft was used to turn the passersby’s into emoticons, it was able to identify gender, emotions and facial expressions with a very impressive speed thus managing to bring AR experience to the high-foot traffic street. The campaign’s reach and “shareability” was up there with the best of them. Read Also: Effective Ways To Utilize Digital Marketing Avoid These 5 Mistakes Before Starting An SEO Signs Your Traditional Marketing Campaign Is Working A Guide To Running Your Instagram Marketing Campaign

Retail Titans: The 10 Biggest Companies Dominating the Industry

The retail industry is quite expansive and evolving with time. The sector plays a key role in the global economy. Within this landscape, certain companies stand out as retail titans, wielding significant influence and dominating market shares. In this article, we will delve into the strategies and successes of the ten biggest retail giants, exploring their backgrounds, market presence, and the impact they have on the industry. Overview Of The Retail Industry Before delving into the details of each retail giant, it's essential to offer a broad understanding of the retail industry. Retail comprises a diverse array of businesses engaged in selling goods and services directly to consumers. This dynamic sector is marked by continuous innovation, evolving consumer preferences, and intense competition. Importance of Retail Titans The significance of retail titans cannot be overstated. These companies not only drive economic growth but also shape consumer behavior, set industry standards, and influence market trends. Their success is often indicative of their ability to adapt to changing landscapes, innovate, and connect with consumers on a massive scale. Walmart Walmart stands as a retail behemoth that has had a profound impact on the industry. Founded in 1962, the company has grown into the largest retailer globally, operating a vast network of stores and leveraging its market presence for strategic advantages. Company Background Walmart's origins as a small discount store in Arkansas contrast sharply with its current status as a global retail giant. With a relentless focus on providing low prices and unmatched convenience, Walmart has become a household name synonymous with affordable shopping. Market Presence And Dominance Walmart's dominance is reflected in its extensive network of stores, both physical and online. With a strong presence in the United States and a growing international footprint, Walmart's revenue and market cap are indicative of its unrivaled scale. Key Strategies for Success Walmart's success can be attributed to several key strategies, including a commitment to low prices, efficient supply chain management, and investments in e-commerce. The company's 1-Year Trailing Total Return on the stock exchange further underscores its financial strength. Amazon: The Greatest Retail Titan In the era of e-commerce, Amazon has emerged as a game-changer, revolutionizing the retail landscape and redefining customer expectations. E-commerce Revolution Amazon's rise to prominence is closely tied to its pioneering efforts in e-commerce. The company's user-friendly platform, extensive product selection, and efficient delivery systems have reshaped the way people shop. Diversification And Innovation Beyond e-commerce, Amazon has diversified its business portfolio, venturing into areas such as cloud computing, streaming services, and artificial intelligence. This diversification has contributed to the company's resilience and sustained growth. Impact On Traditional Retail Amazon's impact on traditional retail cannot be ignored. The company's disruptive influence has forced brick-and-mortar retailers to adapt or face obsolescence, highlighting the transformative power of digital commerce. Alibaba Group: One Of The Greatest Retail Titan In Asia While Amazon dominates the Western e-commerce landscape, Alibaba Group holds a comparable position in the East, driving the Chinese retail revolution and expanding its influence globally. Rise Of Chinese Retail Alibaba's roots in China have allowed it to tap into the immense consumer market, contributing significantly to the rise of Chinese retail on the global stage. Global Expansion Alibaba's ambitious global expansion efforts have positioned the company as a major player beyond Chinese borders. Through strategic partnerships and investments, Alibaba continues to extend its reach and influence. Technology And Ecosystem At the core of Alibaba's success is its technological prowess and the creation of a vast ecosystem. From e-commerce to digital payments and cloud services, Alibaba's integrated approach sets it apart in the retail landscape. Costco Costco's membership-based model and commitment to customer loyalty have propelled it to prominence in the retail industry. Membership-Based Model Costco's unique membership model encourages customer loyalty by offering exclusive deals and discounts to its members. This approach has proven effective in driving repeat business and fostering a dedicated customer base. Focus On Customer Loyalty Beyond membership benefits, Costco's focus on providing quality products at competitive prices has fostered a reputation for value, further solidifying customer loyalty. Sustainability Initiatives In recent years, Costco has also made strides in sustainability, aligning with consumer preferences for environmentally conscious practices. These initiatives contribute to the company's positive public image. The Home Depot As a leader in the home improvement sector, The Home Depot's dominance extends beyond its vast retail footprint. Home Improvement Dominance The Home Depot's specialization in home improvement products and services has positioned it as the go-to destination for homeowners and contractors alike. Supply Chain And Logistics Efficient supply chain management and logistics are integral to The Home Depot's success. The company's ability to stock a vast array of products and deliver them promptly contributes to customer satisfaction. Digital Transformation Embracing digital transformation, The Home Depot has invested in online platforms and digital tools, enhancing the customer experience and staying competitive in the evolving retail landscape. CVS Health CVS Health's focus on health and wellness distinguishes it in the retail landscape, with a strong emphasis on pharmacy services and adaptation to market trends. Health and Wellness Retail As the retail landscape evolves, CVS Health's commitment to health and wellness provides a unique positioning in the market. The integration of healthcare services into its retail offerings sets CVS Health apart. Pharmacy Services With a vast network of pharmacies, CVS Health plays a critical role in providing essential healthcare services. The company's emphasis on pharmacy services contributes significantly to its revenue stream. Adaptation to Market Trends CVS Health has demonstrated agility in adapting to market trends, incorporating digital solutions, and expanding its services to meet the changing needs of consumers. Loves Love's Travel Stops and Country Stores, with a focus on truck stops and convenience services, exemplifies innovation in services and a commitment to meeting the needs of travelers. Truck Stop and Convenience Love's stands as a vital service provider for truckers and travelers, offering a range of amenities, including fuel, convenience stores, and restaurant services, making it a one-stop destination. Travel Center Services Beyond traditional offerings, Love's Travel Stops provides essential services such as tire care and vehicle maintenance, catering to the specific needs of the transportation industry. Innovation in Services Love's commitment to innovation is showcased through its services, including a loyalty program and technology integration, enhancing the overall experience for its customers. Target Target's strategic brand reinvention and commitment to omnichannel retailing have fueled its success in the competitive retail landscape. Brand Reinvention Target's deliberate efforts in brand reinvention, including collaborations with popular designers and a focus on stylish yet affordable products, have resonated with a broad consumer base. Omnichannel Retailing In the era of digital retail, Target has embraced omnichannel strategies, seamlessly integrating online and offline shopping experiences to cater to the diverse preferences of modern consumers. Community Engagement Target's community engagement initiatives, including corporate social responsibility programs, contribute to its positive image and connect with consumers on a deeper level. Caseys In the realm of convenience stores, Casey stands out for its regional strength, expansion efforts, and community engagement. Convenience Store Dominance Casey's focus on convenience has allowed it to establish dominance in the sector. The company's strategically located stores cater to the needs of consumers seeking quick and accessible solutions. Regional Strength and Expansion While Caseys has a strong regional presence, the company's expansion efforts showcase its ambition to reach new markets and further solidify its position in the convenience store landscape. Community Engagement Casey's commitment to community engagement is evident through various initiatives, fostering a sense of connection with local communities and contributing to the company's positive image. Before we wrap up, for further exploration into the corporate landscapes of these influential companies and detailed insights into the top retail industries. Conclusion In the current landscape of the retail industry, these ten retail titans continue to shape the way consumers shop, and businesses operate. Their diverse strategies, ranging from e-commerce dominance to community engagement, reflect the evolving nature of retail. As we look to the future, these companies will face new trends and challenges, such as technological advancements, changing consumer behaviors, and global economic shifts. The resilience and adaptability demonstrated by these retail giants will undoubtedly play a crucial role in navigating the ever-changing retail landscape.

Your Review of Amazon’s FBA Wholesale Marketing Course

1. Established customer base:

2. Scalability:

3. Lower risks:

Finding products that aren’t already sold on Amazon:

Successfully competing with other sellers:

High order quantities:

Being Different Is Good:

Don’t Stick To Age-Old Methods Of Marketing: These 7 Are The Best To Date!

The Real Cost of Assortment Planning Mistakes

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Oh, Crop! Killer E-commerce Mistakes You Need to Conquer

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Your Review of Amazon’s FBA Wholesale Marketing Course

1. Established customer base:

2. Scalability:

3. Lower risks:

Finding products that aren’t already sold on Amazon:

Successfully competing with other sellers:

High order quantities:

Being Different Is Good:

Share this Article

Don’t Stick To Age-Old Methods Of Marketing: These 7 Are The Best To Date!

The Real Cost of Assortment Planning Mistakes

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related