Amazon as a company serves almost the entire world with marketplaces dedicated to countries across North America, Europe, Asia, and Oceania. Thanks to the convenience and low barrier to entry of eCommerce, even small sellers get to enjoy a worldwide audience.
However, selling products overseas isn’t as easy as staying in your borders. The extra shipping fees, international tax rates, and the differences in price between different regions can make it difficult to decide on your pricing strategy. Nonetheless, you may find that as a seller some regions of Amazon result in better profits for you than your own region.
When it comes to selling internationally, you need to find products that have high enough profit margins to account for currency conversions, shipping costs, and more. You also need to take the time to research your product to see if it is even viable in a foreign market.
Amazon recommends you complete the following checklist:
Product and market research are two important parts of selling internationally. Algopix is an easy-to-use Amazon product research tool that you can use to compare market circumstances in 16 international Amazon, eBay, and Walmart marketplaces. You can easily use it to help you satisfy many of the requirements on Amazon’s checklist.
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