Amazon Wholesale
Amazon Wholesale
What is Amazon Wholesale
Amazon wholesale, a business model with low risk and high reward. The wholesale market has not saturated yet, hence turning a profit isn’t that big of a deal. USA and UK both are recommended markets, but the US is more profitable because of the brands it encases. It’s fiercely competitive and getting in the sales is difficult, but not with DomGyr. Our experts make sure that your product gets the sale it deserves.
If You Are Looking To Open An Amazon Wholesale Account And Make Your First Sale, Few Things You Need To Keep In Mind;
What is Amazon Wholesale
Amazon wholesale, a business model with low risk and high reward. The wholesale market has not saturated yet, hence turning a profit isn’t that big of a deal. USA and UK both are recommended markets, but the US is more profitable because of the brands it encases. It’s fiercely competitive and getting in the sales is difficult, but not with DomGyr. Our experts make sure that your product gets the sale it deserves.
If You Are Looking To Open An Amazon Wholesale Account And Make Your First Sale, Few Things You Need To Keep In Mind;
Account Setup
Going through the account setup process could be a hassle as you would find. However, Domgyr
will set up your account A to Z finally making the first sale.
Account Setup
Going through the account setup process could be a hassle as you would find. However, Domgyr
will set up your account A to Z finally making the first sale.
Brand Approval
The reason why Amazon has a medium barrier to entry is because of brand approval. In wholesale, branded products would be sold. So getting the brand approval is a must, otherwise risk account closure.
Brand Approval
The reason why Amazon has a medium barrier to entry is because of brand approval. In wholesale, branded products would be sold. So getting the brand approval is a must, otherwise risk account closure.
Minimum Budget
A minimum of $5000-$10,000 is required to set up the account and run it. This amount will be used in,
Although, this amount could be increased if a product with large estimated orders is to be sold.
Minimum Budget
A minimum of $5000-$10,000 is required to set up the account and run it. This amount will be used in,
➡️ Account Making
➡️ Brand Approvals
➡️ Product Inventory Purchase
➡️ Amazon Fees
Although, this amount could be increased if a product with large estimated orders is to be sold.
Requirements for Account Setup
Amazon has a detailed inquiry procedure to make sure, that a fake or a fraudulent seller doesn’t sell. For this the things that are required are;
1. A Company
A seller needs to have a company registered to comply with Amazon’s terms.
2. A Re-sale Certificate
his is a document of proof. It showcases that you are indeed a seller who is going to resale or use their product in some other product that you are going to sell
3. An E-I-N (Employer Identification Number)
As wholesale is a business, hence as a business you must have an EIN. This number is proof that you are a business and liable to taxes wherever you operate in. It also helps in making business accounts in banks.
4. A Business E-mail
For business purposes, this is a must. This shows your legitimacy and allows you to connect with customers and suppliers professionally.
5. A US Phone Number
To operate and to have your company registered in the US, a US phone number is necessary. This gives us the ability to receive US phone calls from wholesale companies making us legitimate.
6. A Professional Website
A website is a must for a wholesale business. Its significance can be justified as, ➡️ If you contact a supplier, you’ll be taken as someone with authenticity and not someone who is wasting their time. ➡️ It also gives brands proof that you’re a legitimate seller and could protect the brand (If sales occur) You’ll need to pay for hosting the website, but this gives you the edge you need for making sales.
Requirements for Account Setup
Amazon has a detailed inquiry procedure to make sure, that a fake or a fraudulent seller doesn’t sell. For this the things that are required are;
1. A Company
A seller needs to have a company registered to comply with Amazon’s terms.
2. A Re-sale Certificate
his is a document of proof. It showcases that you are indeed a seller who is going to resale or use their product in some other product that you are going to sell
3. An E-I-N (Employer Identification Number)
As wholesale is a business, hence as a business you must have an EIN. This number is proof that you are a business and liable to taxes wherever you operate in. It also helps in making business accounts in banks.
4. A Business E-mail
For business purposes, this is a must. This shows your legitimacy and allows you to connect with customers and suppliers professionally.
5. A US Phone Number
To operate and to have your company registered in the US, a US phone number is necessary. This gives us the ability to receive US phone calls from wholesale companies making us legitimate.
6. A Professional Website
A website is a must for a wholesale business. Its significance can be justified as, ➡️ If you contact a supplier, you’ll be taken as someone with authenticity and not someone who is wasting their time. ➡️ It also gives brands proof that you’re a legitimate seller and could protect the brand (If sales occur) You’ll need to pay for hosting the website, but this gives you the edge you need for making sales.
Products, Profits, and Targeting
At DomGyr, we select products for your wholesale business that meet these requirements,
➡️A minimum profit margin of 10-15%
➡️ An ROI of 20-25%
Products, Profits, and Targeting
At DomGyr, we select products for your wholesale business that meet these requirements,
➡️A minimum profit margin of 10-15%
➡️ An ROI of 20-25%
Scaling the Wholesale Business
The good thing about wholesale is that it can be scaled, in several ways,
More Products can be launched
Or, Old listings can be optimized
Selling through multiple channels, e.g. through your website and also Amazon.
Scaling the Wholesale Business
The good thing about wholesale is that it can be scaled, in several ways,
More Products can be launched
Or, Old listings can be optimized
Selling through multiple channels, e.g. through your website and also Amazon.
The Product Goes Live
Ah Yes, that feeling when your product has been launched and profits start rolling in as you make your first sale. If you want to experience it then DomGyr is here for you.
The Product Goes Live
Ah Yes, that feeling when your product has been launched and profits start rolling in as you make your first sale. If you want to experience it then DomGyr is here for you.
