Five perks of building your own online business

Five perks of building your own online business

Starting your own online business can be a rewarding experience. In today's digital landscape, the barriers to entry for launching an online venture have never been lower. With the right strategy and execution, building an online business can unlock a number of attractive benefits that make it a compelling path to start your own business.
This article will explore five key perks of building your own online business. From the freedom and flexibility of being your own boss to the scalability potential of reaching a global customer base from Singapore, we'll highlight the unique advantages that come with entrepreneurship in the digital era.

So if you've been contemplating starting your own online venture from Singapore, read on to discover five compelling reasons why it may be the right move for you

1. Build brand awareness and advertise all in one place

One of the key perks of building your own online business through Amazon Stores is the ability to establish a branded, online presence with minimal technical expertise. Amazon Stores allows you to offer immersive shopping experiences to customers without requiring coding skills or experiences in design.

If you are a brand owner, you can build your own online store leveraging tools like A+ content and Brand Registry to customize the storefront and brand messaging. This makes it easy to showcase your products, brand story, build brand awareness, and drive sales - all within the Amazon website.
Naoki matcha logo

"Brand owners like us can gain access to brand tools such as a dedicated Brand Store, Enhanced Brand Content to showcase our brand"

Samuel and Sing Chuen
Naoki Matcha | Singapore seller in the US, UK
USD $39.99 a month + selling fees
2. The Freedom to Work from Anywhere
One of the key perks of building your own online business through Amazon Stores is the ability to outsource functions like shipping and order fulfillment. This frees you from being tied to a physical location, giving you the flexibility to work from anywhere.

For many entrepreneurs in Singapore, this type of location independence is a major draw. Stores makes it possible to run your business from the comfort of your own community. The infrastructure and logistical support provided by Amazon allows business owners and entrepreneurs from Singapore to transcend geographical barriers. You can establish a strong, branded online presence, fulfill orders efficiently, and connect with customers globally - all while enjoying the lifestyle benefits of living and working where you choose.
3. Gain access to millions of online customers
Selling products online affords you the incredible potential to expand your brand reach—from Singapore to US by amazon.com. Amazon websites have more than 300 million unique visitors per month, with over 150 million Amazon Prime members worldwide. That’s a lot of potential eyes on your brand.
Baby K logo

"I think the biggest challenge faced was about expanding overseas. We did explore growing the business in Singapore, but no matter how many parents there are in Singapore, the consumer pool will always be significantly smaller than other countries, like the US or Europe. Hence, we chose to become an Amazon Global Seller to break into the US."

Steven Teo
Marketing Director of Baby K
USD $39.99 a month + selling fees
4. Get tools and community to help you grow
Amazon looks for ways to help small and medium-sized businesses. Data from Amazon’s 2020 SMB Report shows third-party seller products account for more than half of all units sold in Amazon stores, with an average in the U.S. of more than 6,500 products per minute.

In 2019, Amazon invested and launched 225 new tools and services to help third-party sellers grow and thrive.

To start off, we recommend you to see Amazon Seller University, where you can explore webinars, guidebooks, and more tools. As well as joining our Amazon Telegram Channel for news and useful tips about selling on Amazon.
5. Lower the costs of starting your business
By tapping into Amazon's established infrastructure and suite of seller-focused capabilities, entrepreneurs can access enterprise-level functionality at a fraction of the typical startup cost. This makes it much more accessible to transform your business ideas into reality.

See Amazon's beginner's guide walks you through the different selling plan choices. This allows you to assess which model best suits your goals and budget as you get your business off the ground.

To further refine your approach, you can also utilize Amazon's revenue calculator. This tool helps estimate your potential profits based on multiple variables i.e. product pricing and fulfillment methods
Hope and Henry logo

"If our humble brand from Singapore can become the #1 lip scrub on Amazon.com, then you can also compete with big brands on a global scale."

headshot image of Matt McCauley
Lynsey Lim
Co-Founder, Handmade Heroes (Amazon Global Seller from Singapore)
USD $39.99 a month + selling fees
Note: Please note that the above content and any suggestions provided by Amazon are purely for your information only and should not be a substitute for your own judgment about the demand for your products. Many factors influence the demand for your products, including price fluctuations, consumer demand shifts, and sellers remain responsible for determining the products they sell and their prices. The above must not be construed as a guarantee of future results and Amazon disclaims any responsibility in connection with the efficacy of these suggestions for your business.

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