How much capital is needed to open an Amazon store? Or how much does it cost to operate an Amazon store? These are things that sellers should understand clearly before settling in. These necessary expenses are the key links in operations.
The basics of opening a store on the Amazon platform: First of all, there is no registration fee and no deposit.
There are two registration methods for opening a global store: the investment manager channel and the self-registration channel. No matter which method you use, registration is free. Currently, many people prefer to register through the investment manager channel.
Monthly commission and sales commission: Amazon Global Store has professional sellers (professional) and individual sellers (individual). These two are Amazon's two major account types. We can decide based on the individual and company's circumstances, and their charging conditions are also different.
Professional: Fee = Sales Commission 8%-15% + £25
Individual: Fee = sales commission 8%-15% + per-item fee (note that you have to pay rent as long as you upload one item)
There are three VAT rates:
20% standard rate (applies to most goods and services)
5% low tax rate (fuel and household energy, sanitation products, energy-saving materials, child seats, etc.)
0% tax rate (applicable in very few cases: baby clothes and shoes, books and newspapers, public transportation)
Can Amazon do it alone?
In general, your profit will definitely be doubled and greater than your cost. For individuals entering the Amazon platform, there is a low threshold of zero foundation and basic computer operations are all you need. It is a no-source model and there is no need to stock up on goods, which greatly reduces financial risks. As long as the product is good, the Amazon platform will have a large amount of traffic and has its own FBA overseas warehouse, which is very suitable for novice sellers. It is also a relatively good platform for transformation for merchants who have worked on Taobao, Pinduoduo, and Tmall.
Now more and more domestic friends are engaged in cross-border e-commerce. How to reduce the payment fees is a very important thing, especially for sellers who are just starting to sell on Amazon. It is very important to choose the right payment tool. Finally, I would like to recommend a cross-border payment tool to everyone - Airwallex.
Airwallex was founded in Melbourne, Australia in 2015. It is committed to building a digital global financial infrastructure and providing smart and seamless cross-border payment solutions. Since its establishment, Airwallex has received over US$360 million in financing from top investment institutions, including Tencent, Sequoia Capital China, DST Global, Hillhouse Capital, Horizons Ventures, ANZi Ventures, Square Peg Capital, Gobi Partners and Salesforce Ventures.
Airwallex supports payment collection on 14 cross-border e-commerce platforms, including Amazon, eBay, Cdiscount, Real.de, Fnacdarty, B2W, Jumia, Linio, ManoMano, MercadoLibre, Wayfair, Newegg, eMag, and Allegro.
Cross-border withdrawals can be made on the same day at the earliest, with fees as low as 0%, up to 1,000 yuan in subsidies for activated accounts, and multiple benefits for registration!
Airwalex payment account registration portal: https://hub6.cn/tydI0f
The above are the questions about the funds required by Amazon. If you want to get more information, please continue to pay attention!
