The speaker is discussing the basics of Amazon and how to start working on it. Amazon is an e-commerce platform where individuals can open their own shops or accounts to sell their products. The speaker explains that there are two types of selling plans on Amazon: the Individual Selling Plan and the Professional Selling Plan.
The Individual Selling Plan is free of subscription fees, but it doesn't allow selling under a brand name and Amazon charges a commission on each sale. The Professional Selling Plan allows selling under a brand name, but it comes with a fixed monthly subscription fee of $39.99. This plan can be launched in two modes: Individual and Business.
For the Individual Account, one needs to provide personal information like a valid computerized CNIC, bank statement, email ID, mobile number, and a bank debit or credit card. The Charged Method involves sharing card/bank details for Amazon to charge the monthly subscription fee, while the Deposit Method involves sharing bank account details for payments against sold products.
For the Business Plan, one needs to provide business details, business credentials, and all the information of company directors. After providing all the information, Amazon will verify the account. If the account is verified, it can be used for selling products.
The speaker also explains that if a business grows, one can switch from the Individual Plan to the Business Plan. If a business hasn't sold any units, the Professional Selling Plan can be downgraded to the Individual Selling Plan to avoid the monthly charge.
The speaker concludes by explaining the concept of 'User Permission' or 'Child Account Access', which allows a client to give a Virtual Assistant access to their account. The access level can be controlled by the client and can range from PPC access to returns access. The speaker encourages viewers to ask any questions in the comment section and provides contact details for those who want to sign up for a paid course.
1. Amazon is an e-commerce platform where users can open a shop (account) and sell their products. It operates similarly to physical shopping malls, where different brands sell their products.
2. To work on Amazon, users need to open an account and display their products. This process is referred to as product listing.
3. Amazon has two types of selling plans: Individual Selling Plan and Professional Selling Plan.
4. The Individual Selling Plan does not require a subscription fee but users cannot sell their brand on this plan. Amazon charges a commission of $0.9 on each sale.
5. The Professional Selling Plan allows users to sell products under their brand name. Amazon charges a fixed monthly subscription fee of $39.99 for this plan.
6. The Professional Selling Plan offers two modes: Individual and Business.
7. For the Individual Account under the Professional Selling Plan, users need to provide personal information, including a valid computerized CNIC, bank statement, email ID, mobile number, and a bank card.
8. For the Business Account under the Professional Selling Plan, users need to provide business details, including business credentials, Charged Method and Deposit Method, email ID, contact number, bank statement, and company directors' information.
9. After account creation, Amazon requires some documents for verification and identity proof.
10. Users can switch from Individual to Business Plan at any time through a text interview.
11. If users want to avoid the monthly subscription fee of $39.99, they can downgrade their Professional Selling Plan to Individual Selling Plan.
12. Amazon uses the term 'User Permission' instead of 'Child Account Access'. This allows clients to give Virtual Assistants limited access to their account.
13. The paid course for Amazon Virtual Assistant Training starts from the first Monday of each month.