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Setup & Maintain Your Amazon Business
Once you've legally created your Amazon business you’ll need to get some other things in place.
Where are you going to run your business? Will you work from home, get an office, use a shared working space or something else? In most cases, unless you are planning to store products, it’s best to start an Amazon business from your home.
Permits & Licenses
Running an Amazon business could come with certain rules, regulations and legalities you need to be aware of. Bizee can conduct a Business License Research package for you, or you can take the time to do the research yourself.
Finances and Taxes
What kind of bank account will you get? And how will you pay your business taxes? How do you find the best business credit card? These are all important things to consider, so your Amazon business stays in the green. Check out our quick guide to finances and taxes for Amazon sellers.
What business processes are you going to use to run your business efficiently and effectively? You will need efficient processes for managing inventory, dealing with suppliers, ordering stock, looking at competitors and completing market research.
What equipment do you need to manage your Amazon business? Make sure you understand exactly what you need to spend, so you can write it off against business expenses. In most cases, you won’t need any specialized equipment or supplies unless you are planning to ship products yourself.
Most states require businesses to file an Annual Report report once a year. You will also be expected to pay estimated taxes on what you plan to earn in the current business year. And, your federal, state, regional and city business licenses and permits may need to be renewed on a regular basis, typically once a year.
Do you need to hire employees to help you out? This may change as your business grows, but try to think ahead about what sort of experts you may need.
Is there software that can help you manage and market your business? There are dozens of software applications designed specifically to help Amazon sellers. Here are some great starting points.
Social Media Groups for Your Amazon Business
Connecting with other business owners in your industry can be incredibly helpful. Here are some of the best social media groups:
Discussion Groups and Forums for Amazon Entrepreneurs
There are plenty of forums and online discussion groups for Amazon businesses. Start with these:
Hustle Helpers Useful
Tools to Get You Started
There is a vast amount of tech tools, apps and services available to business owners to help them market and manage their business. But for side hustlers, you’re looking for something that’s quick to adopt, without a steep learning curve.
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Starting an Amazon business can be both very challenging and very rewarding. Find the right niche, source great products and sell them at a profit and you have the makings of a successful business. Eventually, you could be among the 15 percent who sell more than $1,000,000 worth of products every year.