Original Content: Business Upside
In this day and age, almost everyone knows what’s Amazon. It’s a digital marketplace with around 300 million active users as of 2021, and that figure only seems to be increasing.
Due to its prominence, many sellers have set their sights on selling products on Amazon to maximize their revenue. While it does have promising benefits to merchants, selling on Amazon has its fair share of difficulties that you won’t encounter anywhere else. For that reason, diving headfirst can be seen as a bad move, but that’s precisely why you’re here.
Listed below are six things you should know before selling on Amazon.
1. Amazon Offers Two Selling Plans
When creating a seller account on Amazon, you must choose from two plans, namely the Individual Plan and the Professional Plan. Here’s a closer look at each plan:
Individual Plan
The Individual Plan is suitable for merchants who intend to sell only a small number of items. Instead of paying a fee every month, sellers using this plan must pay a fee of USD$0.99 for every item they sell through the platform. Although the price is the main difference between the two, there are other differences.
Professional Plan
When you choose the Professional Plan, there are no per-item fees like the Individual Plan, but you must pay a monthly subscription fee of USD$39.99.
This plan is ideal if you’re working with wholesale suppliers as you’re likely to sell a considerable number of items, which would equate to a lot of money if there was a per-item fee. Moreover, you gain access to various tools and benefits that can make selling a lot easier, such as the ability to upload multiple items or the chance to win the buy box.
Each one of these plans carries several advantages to the seller, so choosing the right plan is of utmost importance. Also, take note that aside from the per-item and subscription costs of these plans, there are other fees you must pay when selling on Amazon.
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