📝 Table of Contents:
1. Introduction
2. Selecting Your Amazon Accepted Entity
3. Preparing for the Nine Stages of Sign Up
4. Business Information
5. Primary Contact Person Information
6. Billing Information
7. Store and Product Information
8. Verification
9. Tax Interview
10. Conclusion
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👋 Introduction:
Selling on Amazon can be a lucrative business venture, but the process of setting up an Amazon seller account can be daunting. From selecting the right entity to preparing for the nine stages of sign up, there are many steps to take before you can start selling. In this article, we will guide you through the process of setting up your own Amazon seller account step by step, while avoiding common pitfalls and mistakes.
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👉 Selecting Your Amazon Accepted Entity:
The first step in setting up your Amazon seller account is to select your Amazon accepted entity. This means ensuring that you are signing up with an entity that is accepted by the Amazon Marketplace. There are two types of entities: individuals and companies.
If you are an individual, you can sign up in your own personal name. However, if you are signing up with a company, you must sign up for an Amazon seller account under the company name. Each Amazon Marketplace has a list of accepted countries for entity ease, so it is important to check which countries are accepted for the Marketplace you are signing up for.
If you do not live in an Amazon accepted country, you will have to set up a company or another entity in an Amazon accepted country and sign up for your account using that. There are many incorporation services that can help you do this, such as Klemta or Ozone.
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👉 Preparing for the Nine Stages of Sign Up:
During sign up, there are nine stages that you will need to go through. These stages include inputting your business information, inputting primary contact person information, inputting your billing information, setting up your store, verifying your primary contact information, providing additional documents, scheduling a meeting with Amazon, inputting your postcard OTP, and completing the tax interview.
To prepare for these stages, it is best to get your documents ready first. You will need to prepare two sets of details: one for the business information section and one for the primary contact person information section. It is important to view these two sets of information separately and not mix and match details between them.
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👉 Business Information:
The business information section is about the entity that owns the account. You will need to input your business’s name, address, and phone number. It is important to ensure that the business’s name and address match when you type it in during sign up on the company’s bank account and bank account statements.
To prepare for this section, you will need to get the following together: the