An annual income of 400 million dollars at Amazon?! Seize new growth points in foreign trade and launch Amazon in 2023 to tap into overseas e-commerce!
November 16, 2022
I heard that the foreign trade business is very resilient this year. Some friends go overseas and earn hundreds of millions of dollars a year. Will cross-border e-commerce continue to unleash its potential?
That's right!Many sellers have made a lot of money by going online on Amazon: Mr. Gao of the 90s is serious about doing home textile business on Amazon, with sales exceeding 10 million in one year; post-80s Lao Wu, the company in the household category, has completed 400 million sales in 2022, which is still US dollars!
In recent years, China's foreign trade and cross-border e-commerce have maintained a relatively rapid growth trend: in the first three quarters of this year, China's exports reached 17.67 trillion yuan, an increase of 13.8% 1, and the confidence of foreign trade enterprises is expected to increase markedly. In 2022, China's cross-border e-commerce market is expected to reach 15 trillion yuan, and the cross-border e-commerce foreign trade penetration rate will reach 42% 2. Just recently, there was another positive news. The comprehensive test area has been expanded by almost 3.
As a new growth point for China's foreign trade and a development point for the world, cross-border e-commerce is booming.
Seize global business opportunities, seize new business growth points, and immediately have massive support from new Amazon sellers.
Not only that, but today Xiaobian has also integrated the concerns of many sellers in the early stages and provided solutions, so you can quickly settle down!
Cost issues What is the cost of starting a store?
“What I'm most concerned about is start-up capital. Abbottt, Premiere Creative’s creative director.
Naturally, doing business depends on profit. The basic components of Amazon's selling costs are as follows, so you can understand how to better price products, optimize sales margins, and achieve long-term development. To start a cross-border e-commerce business, you need to consider:
✅ Product cost
✅ Sales commissions
✅ Advertising and marketing costs
✅ Selling Commission: Selling on Amazon requires only a set of information for $39.99 per month to launch 14 major websites
✅ Logistics tariff costs: including first-way logistics costs, warehousing costs, final logistics costs, import customs clearance taxes, destination country consumption tax, etc.
Logistics issues Logistics and warehousing related services
“After all, cross-border e-commerce requires delivery to foreign countries. Worried about logistics issues, are there any potential risks?Abbottt, Premiere Creative’s creative director.
Sellers don't need to worry about logistics!
First, Amazon provides an Amazon Logistics New Product Entry Promotion Program to help sellers test new products at a lower cost and help you save more money in the early stages of opening a store. At the same time, Amazon provides sellers with one-stop warehousing and logistics services to solve the problems of cross-border transportation in all aspects from cross-border logistics, inventory management, and end delivery to reduce the operational pressure of cross-border logistics for you. Using Amazon Logistics can not only help increase product exposure and sales, but also enjoy next-day/two-day delivery services, improve customer experience, and have round-the-clock professional customer service to solve after-sales problems for you!
Product selection issues Overseas consumer preferences and shopping trends
“Although I've been overseas for a while, I'm not a native local after all, and I don't really understand their preferences. Abbottt, Premiere Creative’s creative director.
Amazon has 2 official product selection tools to help new and old sellers accurately grasp overseas consumer trends and tap new products with high potential:
✅ Business opportunity detector: Provide sellers with customized dynamic product selection recommendations to help sellers understand unmet overseas consumer needs and actual needs, so as to save time for new product development.
✅ Product Selection Compass: Based on industry-leading data analysis and artificial intelligence algorithms, we customize solutions for sellers, help sellers explore and evaluate favorable opportunities, provide product selection predictions, and determine product requirements.
In addition, Amazon will also update the official hot products guide in a timely manner. You can also find a collection of popular, high-demand, and high-potential categories compiled by Amazon for sellers from overseas through the WeChat menu bar “Do Business Well”.
Where to start with layout issues?
USEurope?JapanI know Amazon has lots of sites, but where do you start?Abbottt, Premiere Creative’s creative director.
Amazon has opened 18 overseas sites for Chinese sellers. For consumers in different regions, you only need a set of registration materials for a monthly rent of $39.99 to open 14 major sites* at once, so you can open a store faster and with less effort! And now you can enjoy a limited-time free monthly rental event by entering four emerging Blue Ocean sites (Singapore, UAE, Saudi Arabia, and India)!
*14 major sites: North America (US, Canada, Mexico) /Europe (UK, France, Germany, Spain, Italy, Poland, Sweden, Netherlands, Belgium) /Japan/Australia
Brand issues Do I need to be a brand to do cross-border business?
“Attracted by Chinese brands that 'become light', I want to be a global brand when I go overseas. Are there any opportunities to become a brand on Amazon?Abbottt, Premiere Creative’s creative director.
Amazon is committed to bringing Chinese brands to the world stage. Many Amazon sellers have improved the display image of products and brands through exclusive sales tools for brand sellers, further promoted sales growth, and received very good feedback from global consumers.
Once you've set up a store and registered your brand, you can:
✅ The “Follow” function of the brand's flagship store acquires fans, conveys brand value through posts and live broadcasts, publishes new products and promotions, and enhances repurchase opportunities.
✅ The Vine Review Program obtains more high-quality reviews/reviews to help potential buyers understand information such as the functionality, quality, and user experience of the product, and improve the probability of making a purchase decision.
✅ Brand advertising is to attract new products. Through accurate marketing and placement, your products can be seen by more people and launched quickly.
✅ The Transparency transparency plan prevents counterfeiting in advance, verifies authenticity, and can also guide buyers back to the market for more product information and protect your sales.
✅ The Brand Referral Rewards Program reduces referral costs, and when advertising on social media and search engines leads to Amazon, you can get rewards to deduct sales commissions.
In addition, Amazon also has its own brand program to provide comprehensive support to sellers, covering various dimensions such as product selection, operation, and traffic, and providing a full range of exclusive resource support. You can also use the traffic, tools, and services of Amazon's own brand program (accelerator model/authorized brand model) to open up new sales channels and achieve a comprehensive leap in performance and brand influence!
Are there any recommendations from third party service providers for VAT issues?
“Foreign taxes, compliance, etc. all need to be learned and managed. Does Amazon have an information center?Abbottt, Premiere Creative’s creative director.
Amazon provides cross-border e-commerce sellers with service provider information in 6 major service sectors, covering Amazon's 18 major sites, to help sellers find reliable and professional service providers easily and efficiently. There are also third-party service provider applets for you to use.
Attention new and old sellers!
The first basic point at Amazon is to be compliant. Amazon formulates code of conduct compliance guidelines for sellers - compliance references. You can check product compliance requirements in advance during the product selection and preparation stage to avoid the risk of takedown; you can also directly check the various compliance policies and related requirements of the target site. At the same time, Compliance Reference also provides you with professional third-party services. You can select the required Amazon officially approved compliance service provider according to your certification requirements.
Payment questions How do I receive payment?
“Do I need to open a virtual account to receive payment when opening a store?It seems that foreign exchange losses will also occur due to secondary exchange rates, right?Abbottt, Premiere Creative’s creative director.
You can learn about Amazon's official cross-border payment collection service - Amazon Global Payments, which helps sellers use domestic bank accounts to receive global payments in RMB and directly deposit them into the seller's local bank account in China to enjoy a safe, convenient, and transparent payment experience. There is no need to authorize MWS transaction information; there is no need to go out (no need to jump to a third party channel); there is no need to use a virtual bank account; there is also no need to use a virtual bank account, and licensed service providers monitor compliance to ensure that every transaction is traceable.
Service issues Does Amazon provide additional support?
“I want a sense of company!Other than the new seller group, is there any other professional support?Abbottt, Premiere Creative’s creative director.
In order to help new sellers start and grow smoothly on Amazon, Amazon provides sellers with comprehensive support at all stages:
New Seller Alumni Association: Amazon has established an official seller community to provide sellers with services such as diverse community activities, detailed official learning materials, interpretation of official information, and tips and tricks to help sellers grow rapidly.
Core Seller Choice Program: Amazon will provide new sellers with high development potential and high matchmaking preferences with more and more in-depth support, including comprehensive account analysis, account product selection analysis, account page improvement, account advertising optimization, etc.
New Seller Launch Plan (paid): Amazon will provide new sellers with 3 months of one-on-one support from an official exclusive manager to provide personalized operation guidance for each account.
Finally, we must give a grand introduction to all sellers:
NEW SELLER GIFT PACK
Refund of up to 50,000 US dollars in sales
Amazon has launched an introductory package for new sellers, including a maximum sales refund of 50,000 US dollars, a Vine discount of 200 US dollars, and a transparency program discount of 100 US dollars, etc., to provide real money support to all sellers!