Bro, I need to start making money today.
How do I set up my Amazon seller central account?
How do I set up my Amazon seller central account? How do I set up my account?
How do I set up my account. Teach me how to set up my account?
Stay tuned and I will get into exactly how you set up your Amazon seller central
account right now.
[inaudible]
What's going on Fam, Justin Houser here, and welcome to my channel.
If this is the first time you here,
please consider subscribing as I posted videos ranging from finance to
entrepreneurship to e-commerce. If you're returning, welcome back.
So let's go ahead and help that youtube algorithm.
Let's hit the like button and comment below.
In this video we're going to go over step by step how to set up your Amazon
seller central account and if you stay until the end and follow step by step,
you will be set up to start making money on Amazon today.
So let's head over to my screen. All right guys.
So the first thing that we're going to do is we're going to go to google.com and
once you're at google.com, we're going to go the search bar.
We're going to type in seller central. All right,
so we're going to click on the very first link here.
This is Amazon seller central, and then once we're at the home page,
we're going to click on register now.
Before we click on this start selling button right here,
I do want to let you guys know that you're going to have a decision to make in
between which selling account that you would like to choose from.
The first type of account that you can open is the individual seller account.
The advantage of opening this account is that you're charged a 99 cent fee per
item, when it is sold.
You will not be charged at $39.99 monthly fee,
which you will be on the professional selling account.
Why would this be better than a professional seller account?
The only reason that I could come up with is that if you are testing the water
or you simply plan on selling less than 40 items per month. Disadvantages?
The 99 cents per item.
If you've planned on selling more than 40 items per month,
you will lose the money.
The second disadvantage is you cannot use third party services such as Inventory
Lab, Scout, IQ, repricers,
etc. If you do want to learn a little bit more about these third party services,
I do have liens formed down the description below.
Please note that these are affiliate links and if you do decide to buy,
I will make a small commission. There are disadvantages:
You cannot apply to sell in restricted categories.
Why would Amazon have restricted categories?
Amazon limits the addition of new sellers in this category to ensure that
customers can buy with confidence from all sellers on Amazon and as you can see
on this right side, there are a ton of different restricted products.
There's a couple I really want you to look at is dietary supplements and certain
electronics as well.
These are two huge categories that can make you a lot of money,
don't get restricted in these two categories.
The biggest disadvantage is not being eligible for the buy box.
Here in just a minute when we get done looking at the professional selling
account, I'll show you what the buy box is and why it is important.
The second account,
and the one that I recommend for all new sellers to sign up for,
is the professional seller account.
I feel like when you take the step of getting the professional account,
you will take this business a lot more serious and you will try to meet that
minimum 40 items per month thresholds so it makes financial sense.
Second advantage is that you can use third party services such as Inventory,
Scout IQ and repricers.
Another advantage is that you have access to additional seller reports.
You can also sell in the restricted categories.
You can also create new product listings,
which is good for if you decide to do private labeling for Amazon,
which is basically where you're creating a product from scratch from a country
such as China,
importing it into American than selling it on the Amazon platform.
And the last advantage, the most important one by far,
is that you are eligible for the buy box.
The only disadvantage I see is that if you are trying to test the waters to see
if this is right for you or if you plan on selling less than 40 items per month,
if you want to pause the screen and look at this a little more in detail,
this just shows the selling plan comparison professional on the left side,
individual on the right side.
Please note that you can upgrade or downgrade at any point between the two
selling plans, but just go with the professional seller account.
As you could see,
there were some serious differences between a professional and an individual
seller on Amazon that you should consider when starting your FBA business.
But the benefits of choosing to become a professional seller far outweigh the
potential downsides. All right,
so let's jump over here to amazon.com I'm on the product pie face - sky high
game. Looking over here, the buy box is right where it says buy now,
right side of the page on the product description.
This little buy box is an extremely important real estate.
Why you ask?
Over 82% of sales from an Amazon product page comes directly from the buy box.
It's even higher when people are ordering from the mobile device.
Why? You might ask who's going to scroll all the way down here to the bottom,
clicked on used or new,
and then go down here to see if there's a cheaper price.
Then you can scroll down here to the bottom.
There's actually over six pages and 54 sellers trying to sell the same product.
Let's hop back over here to the seller central site.
We're going to click on start selling.
Once we're here we are going to create a new Amazon account.
And the reason is is that I highly recommend that you keep your individual
account or your purchases away from your business account on Amazon.
All right, so we're going to enter in our name. If you do have a business,
you can put your business name here. Then your email. Again,
I highly recommend that you separate your business affairs from your personal
affairs,
so I do recommend that you create a business email or at least create a new
email that is associated solely just with Amazon.
All right, so we're going to enter that in.
Then we're going to enter the password in at least six characters.
Click on next and then it wants to verify my email address.
I'm gonna hop over and be right back.
The next page is going to start asking about your business location or where you
as an individual is located in.
So you're going to type in United States or whatever country that you are from.
And then right down here are the business types.
They have a state owned business,
publicly listed business privately on charity or none. I am an individual.
I am going to choose none. I'm an individual.
Then you're going to enter your name again,
Alright.
And then once you're here, you're going to click on agree and continue
[inaudible].
All right,
and the next page is where you're going to enter in your business address.
And if you don't have one, you can put your personal address on this.
This can always change later. If you decide you want a P.O. Box, perfectly fine.
But as of right now, I'm just gonna type in my personal home address.
Then you're also going to have to enter in your phone number for verification.
You can get a text message or you also have the option of call.
Now that the verification is successfully complete, we'll click on next.
The next page is going to be the marketplace specific details.
This is when you're going to select if you want to start selling in North
America, Europe, or also Japan. So we're going to click on North America. Now
we're going to have to go and start entering in our bank account information.
It might look slightly different if you're in another country,
but this is going to be for North America, so we're going to internet.
Our account holders name is going to be your personal name or your business
name, whatever you have it under,
I'm going to enter in all my information
[inaudible]
Then we're going to click on next.
The next screen is going to start asking some tax information.
Please note this is a mandatory step. I'm going to click on the start button.
Then right here we are going to enter if we're an individual or a business.
Please note this right here.
An individual includes sole proprietors or a single member LLC where the owner
is an individual. When I actually started my account,
just so you guys know, I did register as an individual,
but I went in later and changed it under business.
Then I found out from my lawyer is that since I am a single member of my LLC,
I did have to change his bag to individual. The next is for us tax purposes,
are you a US person? Yes. Name
as shown on your income tax return.
Cool.
And then your business.
And then down here we're going to enter in our address once again.
After our address is entered,
we're going to come right down here to social security or it I n number,
which is for your business.
So we're going to enter in our social security number.
Then we're going to click continue.
And then down here again we're going to check this box says I consent to provide
electronic signature. And down here we're going to type in our full name.
Click on save and preview.
Then we're going to scroll all the way down here to the bottom and click submit
form.
Then this is pending validation here. We're going to click on exit interview.
Then we're going to click on, next
step is we're going to enter in our credit card information
cardholders name
and then click on next.
The next screen right here is where you're going to have to enter in your store
information. Sorry to hear.
Please know that you can change your store name at any time once your account is
created under your account in seller central.
So we're just going to come up with a name,
Justin's financial store,
and then down here is do you have your own UPC use for all products?
We're going to click no because I am not creating my own product.
Are you the manufacturer or brand owner for any of the products you want to sell
on Amazon? I'm going to click no.
Both of these could be yes if you are manufacturing your own products. If not,
if you're trying to simply resell,
so go to a a Walmart or target or a grocery store and resell an Amazon,
you click no on both. Click next.
All right guys, congratulations. After you've been verified,
you will be directed right over here to the Amazon seller central main account
page. As You can see right here,
I did not finish my verification because I did not want to have to pay another
$39.99 for an account I will never use.
So this is actually one of the accounts that I personally use on my Amazon
seller central,
and I do have a couple of different accounts for different purposes.
I hope you found this video helpful, and if you did,
can you smash that like button? Now it's time for the question of the day.
What was your biggest takeaway from today's video?
Please share your answers in the comment section below as I would love to
connect with you.
Be on the lookout for the next video as I will be deep diving into my personal
process of how I find products with a minimum 300% resale value.
Thank you for being part of the community and I'll see you on the next video.
[inaudible].