Online Business | Amazon FBA | Nine University

1. Launch Your Online Business | Amazon FBA | Nine University Do you want to own and run your own online business? Are you someone who has too much month at the end of their pay-check? If you answered YES!!! to any of these questions, then you are the right person to make good use of our guide on how to start an FBA business as a side hustle. Nine University is the go-to consulting resource for learning ways to scale Amazon FBA Businesses in 2021. What is an FBA business? An FBA business is a business model with which you leverage the powerful distribution network and customer base of Amazon. You have probably already made the connection that this in using this business model, Amazon warehouses, fulfils your orders, and also provides customer service to your clients. Essentially, entrepreneurs, can act like a major corporation, but without the headaches of actually being one. You spend your time searching for profitable products and Amazon handles the rest on your behalf. What benefits can you expect from an FBA business? An e-commerce business usually has to navigate through the logistics of fulfilling orders and shipping products to their customers in a timely manner. Utilizing the power of Amazon, you take that particular challenge out of your operational equation. Another complexity of an e-commerce store is keeping track of inventory and getting products listed. Using the FBA business model, you ship the products to Amazon’s warehouse and allow them to take care of the rest. With these two challenges out of the way, management of your business and growth takes off because: • You are free to focus your attention on higher level tasks like: conversion rate optimization (CRO), targeted marketing and developing new markets.

2. • There are plenty of Amazon perks from which both you and your customers can benefit. Handling credit cards, quick shipping, free shipping, and customer service are just some of those perks. • Growth opportunities are built into an FBA business model. You are focused on growth rather than chasing orders. • Lower expenses are another benefit. You can’t warehouse or ship from a private e- business at the same rate that you get using Amazon’s facilities. Though an FBA business if far from being hands free, it does free you up from the busywork of a business and allow you to focus on those tasks which will produce growth and development. Steps to Starting an FBA Business and Creating an FBA Business Plan As per Nine University, there are seven actionable steps on how to start FBA Business. • Create an Amazon Seller Account • Pick Your Niche • Research Products • Establish Your Product Sourcing

3. • Establish Your Brand • Create Your Product Listings • Marketing Your Product Tips for Growing Your FBA Business Here are some tips to have in the back of your mind as you are launching your new business with an eye on the future: • Passion. Make sure that you are pursuing something that you are passionate about. This is what will make your roll out of bed a couple hours before work or stay ups a couple of hours later to grow your side business. • Offer More. Once you have become successful with a single product or a few products, add relevant and complementary products to those you already offer. • Improve your BSR. Though this is not your ultimate measure of success, improved best seller ranking provides you with an opportunity to make more sales. • Site and Sight recognition. If done right, your brand can become easily recognizable to potential customers on sight. Consider the tag-lines, logos and themes of those companies in our exercise back in step five. Build your site and your brand to that level of sight recognition. • Earn commissions. You can earn commissions and increase your income by becoming an Amazon affiliate. This allows you to start earning commissions from Amazon for referring customers that might also buy your product. That’s a win/win for everybody involved. An FBA business model leverages the power of Amazon’s warehousing and fulfillment functions in order to make it simpler for you to be able to establish and grow an extremely profitable business. As stated by Nine University, depending on the amount of time, money and effort you invest into it, you can produce a decent side income or even replace your existing job with your own business.