According to one estimate, an Amazon seller can earn up to $1000 in a month. That's a huge sum of money! If you're reading this while sitting at your desk at the office, you might be scratching your head right now, thinking about whether you could put your time and efforts to better use. Luckily for you, you can make money online and take a slice of this ecommerce pie by becoming a virtual assistant!
However, if you know nothing about the world of ecommerce in general and Amazon selling in particular, you will definitely need some help. An Amazon bootcamp will teach you everything that you have to know about the exciting yet daunting world of ecommerce. You can take it as a full course or piece by piece.
FBA, for one, is an Amazon feature worth mastering. But with all the content available online for free, the question is, are Amazon FBA courses worth it? See for yourself as you learn more about Amazon FBA below!
Before anything else, you should know what Amazon FBA is. FBA is short for "fulfillment by Amazon," which, in simpler terms, means letting Amazon take care of fulfilling your orders. FBA is unlike how it was done in the first years of ecommerce. Sellers used to pack and ship their customers' orders themselves. But with FBA, they delegate the task to Amazon instead.
Amazon maintains an extensive network of warehouses around the country. Such an integrated logistics network makes it fast and easy for customers to receive their orders without the seller having to lift a finger. If you're a virtual assistant or an account manager, your client may be thinking about whether getting into Amazon FBA would be worth it or not.
Help your clients decide the best route to take by learning the pros and cons of Amazon FBA below!
Taking advantage of Amazon's own resources may seem like the obvious path to take, but it isn't for everyone. If your client has little money to spare for such a decision, the Amazon FBA program may dig into their profits. Knowing whether this could be the right move for your client's business means being familiar with the good and bad sides of turning their venture into an Amazon FBA business.
Consider these pros and cons as you mull over this dilemma!
The greatest advantage of an Amazon FBA business is how fast your orders will be fulfilled. Amazon employs thousands of workers in warehouses scattered across the country, making it a tightly-knit logistics network. You wouldn’t believe how integrated their logistics services are—from the FBA warehouse down to delivering your parcel to your doorstep.
This level of integration translates into faster shipping and, in turn, happier customers. Happier customers lead to repeat business, resulting in a steadier revenue. Moreover, you wouldn’t have to be concerned about customers canceling their orders due to shipping delays. As a result, FBA can save you from losing customers.
Customers prefer spending the least amount of money. That's why they seek product listings with cheaper price tags and, if possible, free shipping. If you have an Amazon FBA business, your products are eligible for free shipping, which means more people would prefer it over competing product listings with shipping fees.
Compared to non-FBA product listings, yours will be bumped higher on the search results. While it's hard to guess how the Amazon algorithm works, FBA sellers have a seemingly unfair advantage regarding product listing visibility. Go to Amazon right now and search for any product. You will notice that offerings from FBA sellers will be on top of the search results.
If you asked your client where most of their money went, they would probably say they’ve invested heavily in inventory. What use could an online store have without products to sell? However, renting a warehouse for inventory and hiring personnel to move products in and out of the warehouse costs a lot of money. If you are an Amazon FBA seller, you’ll only have to pay all-inclusive FBA fees. If your client’s business is compatible with the FBA system, they can get a lot of savings in the long run.
Unfortunately, Amazon isn't running a charity. Someone has to pay for warehouse maintenance, salary for warehouse workers and truck drivers, and gasoline for logistic vehicles like trucks, among others. When you sign up as an Amazon FBA seller, you will have to pay fees based on how much your product weighs and how much space it occupies.
If your client's running a small operation, the FBA fees may end up being more expensive than having and running their own warehouse.
No business owner likes having their own products returned to them. Product returns mean wasted inventory and, in the case of refunds, less profit at the end of the day. Amazon makes it easy for customers to return products for any reason through the FBA program. As a result, you can expect more customers to return their orders.
Large-scale businesses won't mind a tiny dent from product returns in their earnings, but small businesses will definitely get hurt.
In the United States, managing taxes has always been a headache. It doesn't get easier whether you're filing for personal income tax returns or sales tax. As for sales tax, it is collected at the state level. But which state, you ask? This is where the difficult part comes in. You need to identify the state where your client's Amazon FBA business has a sales tax nexus, which means tracking Amazon Fulfillment Centers in the country.
If you have decided that signing up for the Amazon FBA program is the way to go for your client's business, you should know the ins and outs of running an Amazon FBA business. Without the proper knowledge, you may find your client’s goals hard to execute. As such, knowing how FBA works is a huge plus that clients will expect from virtual assistants.
Unfortunately, the price of entry is steep. An Amazon FBA training course can range anywhere from $1000 to $5000, as you will discover in the list below:
You can consider any of these courses a proven Amazon course as they are widely known in the industry. But, sadly, no beginner virtual assistant can possibly afford these so-called best Amazon FBA courses.
The pleasant news is that there are free alternatives that you can use to learn about Amazon FBA. Hop over to the next section to discover what they are.
An Amazon FBA course is expensive, isn't it? Most likely, you already crossed enrolling in an FBA masterclass off your list. Fortunately, the internet provides access to free Amazon FBA content that you can learn from. Some materials come from Amazon itself, while others are produced by experienced virtual assistants and account managers.
Before dedicating your hard-earned cash to the ultimate Amazon seller course, consider these free alternatives below!
There's no better authority about Amazon than Amazon itself! The company provides informative resources about its platform and services through Amazon Seller University. You don't need to pay anything to read the thousands of educational articles on the Seller Central platform. However, they don't go as deep as you may expect and only provide surface information about any particular topic.
Aside from Amazon, those who worked as virtual assistants and account managers can provide you with insightful information about the world of Amazon FBA. For instance, blogs and vlogs produced by a successful Amazon seller may contain valuable first-hand knowledge about running an Amazon business and dealing with clients.
Did the steep price tags slapped on Amazon FBA training courses turn you off? Digital Academy offers the best Amazon FBA course for any beginner virtual assistant or aspiring account manager. The 10-module Amazon boot camp will lend you technical knowledge and client-servicing skills for you to achieve online retail mastery.
Here's a sneak peek of what you can expect from the Digital Academy course:
Become a marketplace superhero by enrolling in Digital Academy's Amazon FBA masterclass. As a bonus, Digital Academy offers a 50% off grand launching sale!