How to Sell on Amazon – B2B TechCopy

Selling on Amazon can be daunting for those who haven’t done it before, but it’s really not too difficult once you know how. Anyone can sell on Amazon: all they have to do is choose the right product, set up a profile and find a fulfillment provider.

Red Stag Fulfillment put together a complete guide to selling on Amazon, but for those who might want a quick read, we will condense it here.

Getting Started Selling on Amazon

Before you do anything else, you’ll want to select a product to sell. The best kind of product will be one that you can turn a profit from with minimum effort. A good product should:

  • Cost between $21 and $200
  • Be small, light, and easy to ship
  • Be easy to use and not easily broken (low-tech)
  • Be better quality than the competition
  • Be in high-demand (so much so that you will sell at least ten per day)
  • Give you between a 50-67% profit margin (to do this it must sell for two or three times it cost you)

Next, you will want to find a supplier. If you already run a small business you likely will already have this lineup, but if not you can start your search on Google for a wholesaler. These can be based in the United States or overseas. Alibaba is a popular site many retailers use to find wholesale suppliers overseas.

Once you know your product and your supplier you will need to calculate your profit by using the Fulfillment by Amazon Revenue Calculator. That will help you know how much you need to sell to turn a profit.

You will then need to obtain supplies like a UPC code, photograph your product and create a logo and brand image for your store.

When setting up your account it is fairly straightforward. You can choose to sell as a professional or an individual, depending on the number of items you anticipate selling. From there, just create your seller account and set up your profile (you may need some confidential information here).

Selling Your Product

When listing your product be aware of category restrictions on certain products. If you are listing a product already on Amazon you can simply type in the name of the product and choose the option to sell on your own. If the product is not on Amazon you will need to “Create a New Product”, list its information as well as FNSKU number and Amazon’s internal UPC code. You can learn how to do that here.

Once your listing is live you will need to optimize it for best results. One thing you will be optimizing for is the Buy Box. To be eligible for the Buy Box you need to:

  • Be a professional seller account
  • Be in good standing as a seller
  • Sell new items rather than using
  • Have available inventory

They also look at things like whether or not you use Fulfillment by Amazon, Seller-Fulfilled Prime, a competitive price, and a fast shipping time. Make sure your product is clearly explained, uses keywords related to the product, and has professional product photos.

Choosing a Shipping Method

When choosing how to ship your product there are three options: ship yourself, use Fulfillment by Amazon (FBA) or partner with a 3rd party logistics company. There are pros and cons to using each of these methods, but in many cases partnering with a 3rd party fulfillment company makes the most sense. The right company can give you all the convenience of FBA but provide a more customized approach for your needs and help you avoid costly taxes.

Once you have chosen a fulfillment company and have all of the logistics set up you can focus on expanding your business. If you plan to sell overseas you will want to make sure that your shipping company can accommodate these needs. Amazon has several options built in like FBA Export and Amazon Global Selling.

If you follow these basic steps you should have no problem getting started selling on Amazon. Remember to choose your product carefully, optimize your listing and choose the right fulfillment company and you will be in a great spot to make passive income on Amazon!

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Business Etiquette Around The World (Infographic)

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Business Etiquette Around the World

15 Ways to Manage Your Time Wisely [Infographic]

ways-to-manage-your-time-wisely1

Original post at http://bit.ly/2xxGC2a

Does working more hours lead to a healthier economy? [Infographic]

Hours Worked Vs Profitability

Published with permission from http://GetCRM.com .

Self-Medication and Mental Illness: Know the Signs

Mental illness is notorious for causing sufferers to self-medicate. Most often, self-medication is very harmful, sometimes resulting in overdose or other physical consequences. Here are a few common forms of self-medication and how to recognize them as substance abuse.

Excessive Alcohol Consumption

Addiction

Image via Pixabay by jarmoluk

Alcohol is one of the most common ways that people self-medicate in order to cope with various mental illnesses, from  bipolar disorder to depression, schizophrenia, and more. It is, for the most part, socially acceptable to drink regularly and is very easy to acquire. Alcohol quiets the mind, forcing it to slow down and relax. For many mental illness sufferers, this is all they want to experience, even if it is only for a few hours.

Some signs of alcohol abuse might be shirking responsibilities at home or work in favor of drinking, drinking as a response to stress, or frequently drinking with a seeming inability to go without alcohol. A person who is abusing alcohol may also attempt to hide their drinking while a self-medicating person may also combine alcohol with medications despite dangerous results.

Tobacco Use

Tobacco is known for soothing nerves, limiting anxiety, and reducing stress, which is why many people in high-stress jobs can be seen smoking on their breaks. As a form of self-medication, tobacco can ease anxiety and panic on top of potentially treating some symptoms of  schizophrenia. A surprising number of people with schizophrenia become hooked on tobacco with studies showing that smoking can genuinely reducing symptoms such as sensory and cognitive deficits.

Signs of  tobacco abuse include withdrawal, planning days around smoke breaks, irritability without a certain amount of nicotine, and continued smoking despite any emerging health concerns.

Marijuana Consumption

Marijuana is likely the least detrimental form of self-medication. Though smoking marijuana has been shown to have some negative side effects, including short-term memory loss, marijuana is the lesser of many evils when compared to most other addictive substances. Marijuana permits the person to relax and can combat the effects of anxiety and depression. However, a dependence on any substance is never beneficial.

Signs of marijuana abuse can include withdrawal, problems sleeping without using the substance, a distinct smell, and regular use.

Prescription Medication Abuse

Prescription medication addiction often occurs accidentally. Since these treatments are prescribed by doctors, patients may fail to realize the dangers of overdosing. Overuse of these medications may be an attempt to treat worsening symptoms or to simply up the dosage if the prescribed dosage is not helping enough.

It is fairly easy to recognize prescription drug misuse. The prescribed dosage will be available on the container. If the person is exceeding the dose having not consulted their doctor, they may be at risk of addiction. They may also experience severe withdrawal without the substance or may notice that their usual dosage has become ineffective.

Intentional abuse can be harder to spot as the user will be concealing their actions. A sudden change in moods, behaviors, or temperament is often cause for concern if you are aware that the person is taking prescription medications.

Self-medication is all too common in a society where mental illness is rampant and medical care is difficult to obtain. Some people are able to cope with mental illness simply by cultivating positive coping strategies such as exercise, meditation, and a healthy diet. For others, medication is necessary. It is always best to consult a doctor for approved treatments and to seek help from a counselor for non-medical recommendations.

Jasmine Dyoco is a fan of crossword puzzles, gardening, books on tape, learning (anything!) and fencing. She truly enjoys the work she does with Educator Labs and hopes you’ll stop by the site to learn more!

 

Evolution of Cloud Based Phones

Evolution of Cloud Based Phones

Evolution of Cloud Based Phones

Over the years VoIP or Voice over Internet protocol has only become more efficient and user-friendly. VoIP or IP telephony is the real time transmission of voice data over the internet using the internet protocol or IP.

The Settings Behind This Technology

Three inventions primarily spurred the evolution of VoIP. First telephone, next internet and the third and most crucial invention is the internet protocol. Something that was started by Graham Bell in 1870, gained popularity over the years and turned into an indispensible part of modern communication.

During mid-1960s, internet was first time used by U.S defense, not what we use today. It was originally started by advanced Research Projects Agency Network (ARPANET). During 1980s this technology gained widespread usage.

In 1972 Dr. Vint Cerf invented internet protocol or how data transfers between two computers. Thus, the foundation for VoIP was laid until further progress took place.

Beginning of Cloud Based Phones

In 1973, again ARPANET contributed to the beginning of VoIP. It was during that period that ARPANET conducted experimental transmission. However, it was during 1995 VocalTec, an Israeli company that patented the internet phone. VocalTec developed software for transmitting the voice over internet compressed the voice signals, converted them into digital packets and distributed over internet.

As long as both the receiver and caller have same software and hardware the technology worked well. The sound quality then was nothing near the conventional phone sound, but this effort was the first step towards IP telephony that you enjoy today.

Adoption Of The Technology

The early adopters of this technology were comprised of the hobbyist who had understood the potential of this technology. They preferred transferring voice data packets over the web instead on depending upon the traditional phone system.

The software that VocalTec developed used a PC that was integrated with a sound cards and speakers and microphones. Then the system was leveraged on H.323 protocol instead of SIP protocol used today. It allowed PC users to make long distance calls. However, during 1995 the broadband internet connection was not as good as it is today. Thus, IP telephony evolved with time as there was advancement in broadband.

Development Of IP Telephony

During 1996 Intel also introduced software for internet telephone. Gradually the use of IP cloud based phones started evolving and by 1998 almost 1% of the total users of voice traffic used VoIP. Entrepreneurs started creating new hardware to support the system and software to make the system run. All this enabled phone to phone and computer to phone connections.

Even networking managers like Cisco, Lucent, 3Com started introducing hardware that will route the VoIP traffic efficiently. By 2000 the total usage increased to 3% of the voice traffic all over USA.

During the 90s for marketing VoIP costs were subsidized. However, as the broadband technology advanced, the quality of VoIP services also enhanced, there was more call clarity and reduction in latency. Cisco and other networking giants started making hardware that made this technology easier to use. It was during 1999 that session Internet protocol or SIP was released. The first open source private branch exchange software asterisk was developed by Mark Spencer.

Until 2004, mass marketing of IP telephony was not in progress. It was in 2004 when calling plans were introduced that made subscribers make calls in the same way they make call with their traditional PSTN system. Different offers were made that allowed national as well as international calling through IP telephony and with development in broadband the call quality has also developed.

Author

Michelle Paterson

What’s Next For Digital Finance?

 

The last few years have seen unprecedented changes in the way we handle our money. While on the face of it little has changed in the banking system, advances in digital technology are slowly but surely spearheading a revolution not only in the way we use our money, but the way in which we think about it. The most recent innovation to hit the market – contactless payment – may herald a new dawn in money interfacing. What could be next for digital finance?

Why Does It Matter?

Does it really matter how, precisely, we transfer our money from customer to vendor? So long as it gets from one to the other effectively, what’s the big deal? Actually, the format of your transaction – particularly the format in which you pay – does in fact have quite a large psychological impact. We’re far more likely to make big purchases using cards than we are with cash – and that’s not just because people don’t tend to carry large wads of cash around! Cash is our physical money. When we pay with cash, we can physically see our money decreasing. This is not the case with cards. It feels less like ‘real money’ when we pay for things with cards. For the same reason, payday loans and the like which can be approved over the internet frequently feel like less of a responsibility than those which you have to meet a lender face to face for – leading to a surge in irresponsible borrowing (and lending!) not so very long ago. Unsurprisingly, this psychological spending quirk is used to advantage by retailers and bankers, who want to keep us spending. However, now that we’re getting wise to the fact that card payments involve just as much ‘actual’ money as cash payments, banks and other authorities are sniffing around for new ways to make parting with money seem less painful. Contactless payment is just one way in which they’re doing this. The digital world is likely to see more and more financial innovations in the very near future.

Goodbye To Cheques, Hello To Cyber-Transfers

It’s not just the capitalist machine which requires novel ways of paying. Digital finance has made life a lot easier for many independent entrepreneurs to reach faraway customers and be paid by them very quickly indeed. Platforms like PayPal became ubiquitous extremely quickly  once their potential was realized – and as the world becomes increasingly digitized, they’re likely to go from strength to strength. If the banks don’t take them over, that is. Banks are well aware of the missed financial opportunities inherent in all of these cyber-transfers. While the money may ultimately end up in a bank account, PayPal are taking a substantial cut along the way. Banks currently remain invested in the outmoded cheque-clearing system (which gains them plentiful interest) – but this won’t be the case for long. Cheques  are being phased out in the UK in 2018 and other nations are likely to follow suit. It’s likely that the intervening years will see banks making big, PayPal-esque changes to their digital money transfer systems. Not everyone can use BACs systems to digitally transfer money, but everyone can use PayPal. Expect to see banks muscling in on PayPal’s territory by making their digital money transfer systems simpler and easier – potentially through apps and the like.

Wearable Technology

Everyone’s talking about wearable technology right now. It’s supposed to be the innovation of the future, keeping track of everything from our state of health to our social lives. We all know that a lot of confidently made future predictions get kyboshed by something completely innovative sweeping in from the left field. However, at the moment, wearable technology looks to be a reasonably safe bet so far as future digital development is concerned. The advance of contactless payment means that one need no longer be confined to a card in order to pay. Indeed, one can attach a ‘digital wallet’ interface to almost anything. Barclays are already using a ‘bPay’ system in the UK, whereby one can have one’s ‘digital wallet’ in a wristband, a fob, or a sticker which can be attached to whatever the owner pleases. Some ultimately see such interfaces being integrated into our bodies via chips etc which could be scanned. Whatever the ultimate destination of this technology, it seems pretty clear that the way in which we pay for things is about to change rather drastically!

Author

Helen Young