Covid-19 - Is now the time to start an Amazon Business?
If there's one company that capitalised on the global shift caused by the COVID-19 pandemic, it’s Amazon. During the first quarter of that crisis, Amazon reported a staggering $74.4 billion in revenue, equivalent to over $33 million per hour.
With millions turning to online shopping for essentials, from pantry staples to hygiene products and even fresh groceries, Amazon became the default marketplace. This consumer behaviour shift wasn’t temporary. It permanently changed how we shop.
The ease of buying on a mobile device and receiving a package within days has cemented online retail as the preferred model for many households. Brick-and-mortar retail, already under pressure before the pandemic, has taken a major hit. Many traditional stores have since pivoted to online platforms—and Amazon is often their first choice.
Why You Should Consider Selling on Amazon
If you're contemplating starting a business or looking to scale an existing one, now is the time to seriously consider Amazon. E-commerce is no longer a future trend; it's the present reality. Whether you choose Amazon exclusively or alongside a physical shop, the growth potential is undeniable.
However, success on Amazon isn't automatic. Here are key considerations:
Amazon FBA and Warehousing Fees
Referral and Subscription Charges
Advertising and Promotional Costs
Competition and Keyword Strategy
Trademark and Brand Protection
Logistics and Inventory Management
It’s easy to underestimate how much is involved, which is why it's critical to get expert advice before you dive in.
Why Work With Dolman Bateman?
At Dolman Bateman, we’re not just accountants, we’re Amazon business specialists. With over 500 Amazon clients and our own successful Amazon store, we know what it takes to succeed in this highly competitive space.
We can help you:
Set up your business structure
Navigate Amazon FBA, warehousing and shipping
Understand Amazon's algorithms and fee structures
Implement the right accounting systems for e-commerce
Use the right software tools for reporting, stock and profitability
Learn about trademarks, product labelling and legal protections
Our team will guide you from business inception to operational success—ensuring you avoid common pitfalls and scale effectively.
Ready to Start?
If you're thinking about launching your own Amazon store or need help managing an existing one, contact Dolman Bateman today. Our experienced accountants can provide strategic advice, setup services and ongoing support tailored to your needs.
Let us help you build a profitable e-commerce business.
Disclaimer: The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. All content relates to the current financial year only. Future changes to tax laws, thresholds or administrative requirements may affect the accuracy or relevance of this information, so you should always confirm that the guidance remains current. While every effort has been made to ensure accuracy at the time of publication, Dolman Bateman accepts no responsibility or liability for any loss or damage arising from reliance on this information. You should seek professional advice tailored to your circumstances before making any financial or tax decision.
