Marketing Analytics Tools Takeaways

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Define Your Niche
A focused niche cuts down competition and targets specific customer needs. You should think over these vital factors while picking yours:

Products need a profit margin above 25%
Items should get at least 30 customer reviews
Best Seller rank must stay under 2,000 on Amazon
Source Products
There are several ways to source products for your business. For example, dropshipping allows you rely on manufacturers who take care of storage and shipping. Another solid option is private labeling, as many Chinese manufacturers provide quality goods at lower costs, enabling you to price competitively while still maintaining healthy profit margins.

Wholesale sourcing, on the other hand, requires obtaining product samples and checks to ensure compliance with Amazon's rules. Pay attention to minimum order needs and confirm that you’re legally allowed to resell the products. This careful approach helps lay a strong foundation for your business.

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Step 2: Setting Up Your Amazon Seller Account
Starting an Amazon seller account needs attention to detail and the right paperwork. It's important to choose the right account type based on your business needs.

Individual account: Best for casual or low-volume sellers, with a per-item fee instead of a monthly subscription.

Professional account: Designed for businesses, offering advanced tools and a flat monthly fee.

Why businesses should choose a professional account
Registration process
Common setup process pitfalls to avoid
Why Businesses Should Choose a Professional Account
For businesses looking to scale on Amazon, the Professional Account provides the necessary tools and efficiency to manage larger sales volumes effectively.