In this highly digitalized age, e-commerce sites like Amazon lead the landscape as it offers the opportunity to sell to a worldwide audience.
In this highly digitalized age, e-commerce sites like Amazon lead the landscape as it offers the opportunity to sell to a worldwide audience. Breaking into the market scene on Amazon UK, in particular, is highly beneficial as it allows sellers to connect with all of Amazon UK’s shoppers.
This includes accessing Amazon France, Germany, Italy, and Spain, all in one swift click of a button. Utilizing this to your advantage can boost your visibility in the Amazon marketplace without exerting back-breaking effort. With that in mind, the guide below should help shed light on getting started on the right foot as a seller on Amazon UK and beyond.
Casual or Professional Seller: Which One Are You?
The first step to the basics of selling an Amazon UK is to understand where you fall under its two categories: casual or professional. The former refers to sellers who have 35 or fewer products in their inventory, which means their payments for the completion and referral fee are made for each sale.
Meanwhile, the latter option points to professional sellers who have 35 or more products. Professional sellers can leverage special features like bulk listing tools and pay a monthly subscription fee to have space in Amazon’s marketplace – from the UK to France, Italy, Germany, and Spain. Of course, professional sellers also have completion and referral fees for fulfilling.
How to Get Started on Selling on Amazon UK
The first step in tapping into Amazon UK is to acquire a UK-based credit card. Be sure to set the billing address for your future Amazon UK fees, along with your account information, phone number, email address, and VAT number if there is one. Providing the requirements above will move you up to the registration process.
The next step is to set up your Seller Central, which defines the web interface that brands and merchants use to sell products directly to the market. This involves choosing whether you will move forward as a casual or professional seller. Additionally, you need to register your products, though you can register by entering your EAN, ISBN, or UPCs if you are a pro seller.
How to Handle Different Currencies in Amazon UK
Selling under Amazon UK means supporting different currency types. The best way to handle this is by setting up a bank account in the countries you’ll be selling. However, if you’re looking for an easier option, you can leverage online tools like TransferWise to help you switch between currencies.
Both methods are crucial as using your domestic bank account means Amazon will have to convert the currencies for each deposit, which can pile up and cost you a large chunk of your budget down the line.
The Amazon Marketplace Offers a Large Opportunity for Sellers
Amazon is a leading giant in the world of online retail, even more so than eBay, as the process requires less work but more profit. Amazon UK alone provides a huge customer base on top of the other five European countries mentioned above. This means that selling on Amazon offers a wealth of opportunity as any seller can tap into the existing demand.
With that in mind, the essential guide above should help you navigate the rules and conditions to ensure a profitable business for your new venture.