Covid-19 - Is now the time to start an Amazon Business?
- Arnold Shields
- May 27, 2020
- 2 min read
Updated: May 20
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. While every effort has been made to ensure the accuracy of this content at the time of publication, tax laws and regulations may change, and individual circumstances vary. Dolman Bateman accepts no responsibility or liability for any loss or damage incurred as a result of acting on or relying upon any of the information contained herein. You should seek professional advice tailored to your specific situation before making any financial or tax decision.
