You are already accustomed to selling on Amazon at this point. You’ve got the basics locked down and managed to sell a couple of your products at a steady rate already. You’re ambitious as hell, yet you aren’t certain how to take the next step and growth hack your business.
You may be surprised at how many FBA sellers end up in this exact position. They can see success just around the bend and want to take their business to the next level.
The problem is figuring out how to do so without needing to increase the workload. The majority of FBA sellers are more interested in growing out their business, while slowly handing the grunt work over to someone else.
Luckily for all of you, an FBA business on Amazon isn’t as much work as it may seem.
Does what I’ve said sound like something you want? Do you want to know how to grow out your business without breaking your back with overtime work? Well, read on and learn 5 ways to begin scaling your Amazon FBA business!
The following is a list of five proven methods to grow your Amazon business. Successful sellers are still using these methods today to grow their business and increase their profits.
At the end of the day, only you can make your own business successful. However, if you follow these methods, it will be that much easier to get there! You don’t need to use them all. Pick one or two that resonate with your style and go from there!
Obviously, those who are purchasing your products fall under your niche or else they wouldn’t be interested. The best thing to do is to focus your attention on catering to them.
Adding new products can be difficult. You need to take a look at the more successful products you already have, then imagine what people interested in these products might also want.
You can begin your research on Amazon by considering the following categories:
You want to focus your attention on products that are readily available as well as in high demand. Products of higher value are most beneficial when expanding your business. If you find it difficult to locate a high-value product, then try looking for one that can be sold at a high volume (Cheaper pieces but each customer is likely to purchase multiple pieces).
If you’re already successful in a certain product niche, it only makes sense to add products from the same niche. You likely already have a good understanding of the category if you were able to successfully promote a few products in this category.
On top of that, if you have a trademark over certain products, there’s a decent chance you can link your new products to this trademark as well. Losing the need for a second trademark will greatly reduce the amount of effort (and money) you need to expend!
Just because you’ve found some decent products to place under your current category doesn’t mean you shouldn’t at least take a look at others. You won’t necessarily use them, but if you do happen to find something that seems to be of much higher value than what you discovered for your current niche, it may be worth investing time in.
While sticking to what you know is the safest route, branching out into a new category with high demand and lower competition can be the most lucrative option.
You may not have thought of this, but using child ASINs is an easy means of increasing your revenue. Always piggyback on well ranked listings where you can!
Using a child ASIN bypasses the entire ranking process, giving you a high-performing listing right off the bat. This way people can find your new product instantly, rather than waiting for a new listing to improve.
You can accomplish this using the following methods:
Use a new listing if your aim is to drive up new keywords and widen your target audience. Be prepared to potentially wait several months for your ranking to start improving.
Amazon US has the highest number of net sales overall markets. However, branching out may still benefit your business.
German, British, and Japanese marketplaces are three of the most popular marketplaces to expand to. Perform research on each of these markets to determine which has more demand for your products.
Just because you’re adding new products doesn’t mean you shouldn’t fully optimize your current listings!
Improving your Amazon SEO will increase awareness and demand of all your products.
The following factors can influence your Amazon SEO:
Your biggest concern will be tracking Amazon SEO changes for the sake of increasing profits. At the end of the day, SEO is the primary means of evolving and expanding your business successfully. For more information on SEO for Amazon Sellers, check out the wonderful guide prepared by our friends at taxomate.
Amazon houses a massive marketplace. This makes it the perfect location to kick-start your products and make revenue fast.
Even so, you shouldn’t limit yourself to Amazon alone. There are plenty of other places that you can expand toward and increase your reach further than you ever thought possible
Follow these steps to build your own, stand-alone business:
If you’re not ready to manage a website of your own, here are some alternative marketplaces:
Remember - it never hurts to add more marketplaces or create your own website, these additions can only help to drive home more revenue!
Lets address some of the typical issues that FBA sellers face today:
Is raising enough capital the issue you’re facing that stopped you from expanding your business? Follow any one of these solutions to resolve this:
Get started right now on hiring a virtual team to assist you! You will thank me later! The easiest way to avoid overworking on expanding your business is to hire professionals to take care of all the leg work.
Another consideration is hiring a programmer to automate some of the more menial, time-consuming tasks.
Here’s a basic list to help alleviate your need for putting in too much effort:
Please don't feel like you have to do everything we mentioned. In fact, we recommend sticking to a single strategy to start off. Hopefully these tips help you in scaling your FBA business!