Starting an Amazon FBA (Fulfillment by Amazon) business can be a great way to sell products online and tap into the vast customer base of the world’s largest online marketplace. However, starting a business of any kind, especially one that requires inventory, can be costly. But, it’s not impossible to start an Amazon FBA business with little money.

Here’s a step-by-step guide on how to do it:

  • Research your product: The first step in starting an Amazon FBA business is to research and validate the market demand for your product. Consider using tools like Jungle Scout or Helium 10 to research potential products and estimate their potential sales and profits. Additionally, make sure your product meets the specific criteria for FBA, such as being lightweight, small, and in demand.
  • Find the right supplier: Finding the right supplier is crucial to be able to start your FBA business with little money. Research different suppliers, compare their prices, and look for those that offer low minimum order quantities (MOQ) and accept small orders. Additionally, consider using a supplier from Alibaba, which could be a great way to find quality products at a lower price.
  • Set up an Amazon Seller Account: In order to sell on Amazon, you will need to set up a seller account. This is a simple process that requires you to provide your contact information, business details, and tax information. You will also need to select a pricing plan, either a Professional or an Individual account.
  • Create a professional listing: Once you’ve settled on a product, the next step is to create a professional and visually appealing listing for it. Your product listing is the first thing that potential customers will see, so it’s important to make it as informative as possible. Be sure to include high-quality images, detailed product descriptions and all relevant information such as certifications or warranties.
  • Understand the costs and potential earnings: There are several costs associated with FBA, such as storage, fulfillment, and return fees, so it is important to have a clear understanding of these costs and how they will impact your profits. Also, bear in mind that your earnings will also depend on factors such as the price of your product and the level of competition in your market.
  • Launch your product: After your product is ready and your listing is live, it’s time to launch your product and start making sales. Be prepared for a longer timeline as it can take time to establish your brand and build up sales.
  • Monitor and optimize your sales: The launch of your product is not the end, it’s just the beginning. Monitor your sales and track your metrics to understand how your product is performing. Optimize your listing, pricing and product according to customer reviews and sales performance.

Starting an Amazon FBA business with little money requires a bit more effort, research and patience, but it is possible. By researching the right product, finding the right supplier, understanding the costs, and being prepared for risks and challenges, you can set yourself up for success in Amazon FBA even with a limited budget.

Have a limited budget? Dwely can help you accelerate your success and build a scalable, sellable Amazon FBA business for a small investment.