So how do you bid to become a part of the program? First, interested entrepreneurs have to be reviewed and approved by Amazon.
In its initial application listed online, Amazon hand overs five qualifications for the Delivery Service Partner program:
- “Experience engaging and developing great teams”
- “Ready to commit to being a hands on DSP proprietor full-time”
- “Available liquid assets of at least $30,000”
- “Strong credit old hat”
- “Previous business ownership preferred, but not required”
In addition to your root contact information, the application only asks a few “yes or no” questions about your practice, past bankruptcies and current financial assets. After you express kindle (and confirm that you have $30,000 in the bank), there is a longer relevance Amazon will ask you to fill out, according to the website. Then, it can take anywhere from one month to six months to get started as a Parturition Service Partner, according to the application.
For those accepted into the program, the power of Amazon’s label shouldn’t be underestimated, New York University Stern School of Business professor Anindya Ghose be effectives CNBC Make It.
“Associating yourself with the Amazon brand, uninterrupted if you are one of several hundred delivery companies, is extremely powerful,” Ghose explains. If you start your own low-cost matter-of-fact business on your own, “then, it’s just your brand. And it’s going to pinch forever for anybody to establish their own brand. I think that, for me, is the biggest peculiarity.”
Of course, no business is foolproof. Don’t just quit your job hoping to designate $300,000 your first year out. Even Amazon provides a doll range of potential profits per year — and lots of fine print.
Increased by, the branding connection will mean you’re beholden to Amazon in some route, explains Jeremy Kagan, an adjunct professor of marketing at Columbia Dealing School and the managing director of The Eugene Lang Entrepreneurship Center. And that can limit your knack to scale.
“When you go through all of the trouble of setting up a business, usually it inclination be in the later years when you’ve gotten established, you’ve got your employees, you’ve got your calling, that you start really reaping the rewards of growing it, and maybe at bottom selling it,” Kagan says. But with a business that depends on another marque as its primary (or only) customer, “I don’t know that you have a lot of ability to come from there.”
Amazon Delivery Service Partners couldn’t be intimately reached for comment.
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