Reach millions of new customers and reduce low sales periods by taking advantage of peak seasons in other countries.
There’s no denying that online marketplaces are changing the sphere of the retail environment – affecting how consumers interact with brands online, and how marketplaces are shaping buying patterns. Consumers have a new freedom of choice and building a successful business in the age of Amazon means taking advantage of these same principles.
Before you extend your online sales to international customers, you should understand the implications for your business. Every country has legal and industry requirements concerning sales of products to consumers. In your home marketplace, there may be laws that pertain to intellectual property rights, product safety, environmental, and other applicable requirements. The same is true for all marketplaces. Do your research and understand your responsibilities. Some things to consider are tax and customs, intellectual property rights, paralell importation, export controls, marking and labels, environment, health, and safety, and product compliance.
Explore this article to understand better what is required to ensure great customer experience worldwide and how to maximize the likelihood that entering a new marketplace will pay off.
Guidance to Selling Globally
In order to take your business to an international level, we prepared a small guide with some tips from Top Sellers to grow your business globally.
Tip #1 – Decide where and what to sell
Understand the opportunity and how Amazon helps you to sell internationally. Amazon operates ten online marketplaces (websites) worldwide, allowing you to grow your business internationally independent of where your business is physically established. With Amazon, you can quickly grow your business in other countries, introducing your brand and products to millions of customers in Amazon’s marketplaces. Currently Amazon operates these marketplaces below:
Tip #2 – Register and list your products
Amazon tools make listing your products across marketplaces fast and easy to manage. Once you’ve figured out where to sell and have an understanding of the taxes and regulations for the marketplaces of your choice, registration is only a few clicks away.
Tip #3 – Choose your fulfillment method
Use Amazon’s different fulfillment services to take care of shipping and fulfilling international orders, or do it yourself. Getting your products to customers promptly is an important part of creating a great customer experience. The same is true whether you’re selling domestically or internationally. In this section, we cover the technical considerations of fulfilling orders on your own and using Fulfillment by Amazon, so you can plan a fulfillment strategy that is best for your business.
Tip #4 – Manage your business
Manage customer support returns and service, and optimize your global business. Amazon has set high standards for itself and sellers when it comes to customer focus. A great shopping experience for customers includes finding and ordering products with ease, getting fast, free shipping, and providing excellent customer support on orders and returns.
Tip #5 – Work with a Specialist Money Transfer Provider
As your business starts to grow, learning the ins and outs of international trade is essential. One of the key components is a safe, reliable payment processing system. With so many options for currency conversion, it’s important to find the right service for your business.
There’s no need to deal with the headache of exchange rates and bank fees chipping away at your hard-earned money. By working with a specialist money transfer provider like SellersFX, you bring more of your profits home.
Having better exchange rates and less currency risk, SellersFX helps you make faster, cheaper and more convenient overseas payments. Adding to this, SellersFX also keep your accounts, balances and transfers in one place.
SellersFX is the one of the best global payments and transfer solution for your e-commerce business.
Here are the top 5 ways SellersFX can help your business:
1) Make faster, cheaper and more convenient overseas payments to suppliers.
2) Get better exchange rates with less currency risk and lower transaction fees.
3) Protect your margins as you grow and do business internationally.
4) Secure encrypted data with added checks and screening to give you confidence and peace of mind when making a payment.
5) Take the uncertainty out of the cost of future payments denominated in different currencies with a FX forward.
Tip #6 – Find the Funding Solution that Fits your Needs
Another key component of expanding your business is finding ways to improve your working capital. With the additional capital, you can launch new products faster and invest more on advertising, giving you a competitive edge in the marketplace.
SellersFunding is a data-driven online lender focused on e-commerce sellers. The company leverages its experience in machine learning and financial modeling to offer funding via a seamless and fast application process that empowers Amazon businesses to invest in their growth.
Create your Free Account
Registering only takes 3 minutes with no commitments required, no credit cards, nothing! Unlock exclusive benefits for registered users.
Get access to an easy to access dashboard with information to help your business to grow even more. Capital offers, software discounts, and company valuation.
Pre-qualification for funding
SellersFunding updates monthly your Amazon Store pre-qualification for business funding. Using only publicly available information with no commitment and zero impact on your credit score, you will be able to check how much your business is pre-qualified for funding and decide when is the right time to take it.
If you decide to connect your marketplace account we will be able to show an approved amount every time you log into your dashboard. Accept the offer and take the funds in one click.
SellersFunding has partnered with the most active players on e-commerce M&A to create a model so you can check your company’s valuation updated monthly. Check how much value you are adding on a monthly basis.
Apply for Funding when you’re ready
There are no commitments required and, once approved, funding is deposited to your bank account in 1-2 business days.
SellersFunding technology considers public information, such as feedbacks, reviews, products, rankings, evolution, history and more to determine how reliable a Seller is and forecast its performance for the upcoming months.
Get a Free Analysis of your Amazon Business Performance
Having a higher Visinger is a strong indicator that your Seller Account if performing well, have a great presence on Amazon Marketplace and tends to have a very positive future. The Score is divided into reliability and performance indexes.
Hear how entrepreneurs and small businesses around the world reach new customers and boost sales globally.
“We were able to double our sales selling internationally”
Elena Castaneda, CEO, Bling Jewelry
From: New York, United States
Sell in: North America, Europe and Asia
Carolina Aguerrevere & Pablo Martínez, Cofounders, Hot Chocolate Design
From: Mexico City, Mexico
Sell in: North America, Europe and Japan