The costs can be broken down according to:(i) One-off costs -
Administrative costs that has to be incurred in order to start selling on Amazon.com.(ii) Recurring costs -
Costs that are incur every order, shipment, and sale on Amazon.com.
In order to maximize profits, sellers can consider the following:1.
At the initial stage, focus energy on the big picture – which should be on launching products and generating profit
2. Use Amazon Vine.
Amazon Vine invites the most trusted reviewers on Amazon to post opinions about your products to help fellow customers make informed purchase decisions. If you participate, you can provide free units of your products for View reviewers (also known as Vine Voices) to post customer reviews, thus building awareness and boost the sales of your slow & cold start ASINs. Once enrolled as an Amazon brand registered seller
, you are eligible to enroll in the Amazon Vine program where you can receive up to 30 reviews with each review being marked with "Vine Customer Review of Free Product". Enroll in the Vine program here