Many entrepreneurs jump at the opportunity to list their products on Amazon. After all, this popular online marketplace certainly offers a vast reach of potential customers.
But what exactly are you signing up for when you list your product on Amazon and how can it help your business?
In his article in Entrepreneur, Foundr Magazine Publisher Nathan Chan says any businessman must be armed with information first before jumping right in.
He suggests asking three important questions:
By knowing the answer to these questions, you would be able to analyze your business process more clearly and you would make a more informed decision whether it would be smart to list your product on Amazon.
Sit down one evening, think about these questions and write down your answers. This will help you look at your business from a bird’s eye view and enable you to better plan your sales strategy.
In the end, it all depends on whether your business would still earn significantly even after slicing out Amazon charges from your profit margins.
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Have a blessed weekend!
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