It’s time to expand your business to Amazon Canada where you could benefit from 15.9 million unique visitors a month.
There are many ways to grow your business, and one of the more obvious ones is to literally sell to more people. Enter: Amazon Canada.
The set up process is straightforward and similar to other markets, so we won’t bore you with those details here (click the link above to follow along yourself, then reward yourself appropriately for a job well done).
Instead, we’re gonna talk about the why and the watch-outs.
For the why; did we mention the 15.9 million monthly unique visitors? And there’s more visit data where that came from. Here are a few other compelling reasons:
- Less competition. The market is smaller, but that means less sellers to be up against.
- Potentially higher profit margins. With a less intense FBA market, there’s more wiggle room for you to up your prices. Gouge to your heart’s content!*
*Not really, that’s bad business.
Every rose has its thorns. Here are a few things you need to be aware of before diving in:
- Canada has taxes. There’s a high chance you would be exempt from paying these assuming you have no permanent establishment there. However, you still need to state them, so make sure you’re registered.
- The $ is the same but different. USD is not equal to CAD so eh) don’t forget to take that into account when setting prices and b) don’t be surprised when the exchange rate is a little volatile.
- Amazon US will not help you ship products to Amazon CA. You will need to coordinate shipping to Amazon.ca warehouses on your own.
Bottom line: it’s a low lift to grow your potential market size by 10% of the US population (but worth up to 20% more in profit). Assuming you’re willing to work through a few logistics, we recommend you go for it. And if you’re not willing to work through them, we’d still recommend going for it!
