Sell to the World with FBA Global Export

Screen Shot 2014-09-24 at 11.07.32 AMHow would you like to have more eyes looking at your products on Amazon? What about increased FBA sales? All of this, and more, is possible thanks to FBA Global Export. When you first sign up to sell on Amazon via FBA, the default mode is for you to sell your inventory only to customers in the United States. Sure, the bulk of the traffic on Amazon.com comes from those in the United States, but there are millions of customers outside of the States who might be interested in buying your product. You want these potential customers to see your products and to have the ease of buying them via FBA.

FBA Export allows FBA sellers in the US to offer a majority of their inventory for sale all around the world. Getting set up with FBA export is easy. Let me walk you through the steps.

FBA-Export1. Sign in to Seller Central here
2. Click on the Inventory drop-down menu and choose Manage FBA Inventory.
3. Click on the International Shipping link found near the top right corner of the page.
4. Click to Enable FBA Global Export.
5. Upload a signature file (more on this below).
6. Read and click that you agree with the Amazon Business Solutions Agreement. 
7. Press submit and you are done! 

 

If you have 90 seconds, here is a video from Amazon on how to set up your account with FBA Global Export.

If you are not currently set up with FBA Global Export, then you’re missing out on more sales and increased profits. Just today, I sold a book to a customer in Great Britain, a toy to Ecuador, and a board game to Australia. These are sales that I would not have had if I were not set up with FBA Global Export.

world-wide-300x275In our next blog post, I’ll talk about all of the benefits of FBA Global Export, but I’ll let you in on my favorite benefit today: Since there are so few FBA sellers set up to sell globally, I actually get the buy box for the international buyers at a higher price than those not offering their products internationally. I have one toy in particular that I have about 30 currently in stock. I have this toy priced about $3 to $4 more than the current lowest FBA offer, but none of the other sellers of this toy are set up with FBA Global Export, so I get all those international sales! The US based sellers are all priced around $9, but I’m getting all the international sales at $13 each. After all is said and done, that’s $120 more that I’ll get for selling the same item.

Note: FBA Export does not list your products on other Amazon marketplaces. Instead, FBA Export allows your products to be shipped directly to international customers who already shop on the US Amazon.com marketplace.

Not only will our next blog post talk about all of the benefits of FBA Global Export, but we’ll also discuss all of the possible fears you may have with selling internationally. Feel free to comment below with your thoughts on selling internationally via FBA. If you express a fear, we’ll be sure to address is in our next blog post.

Welcome to Full-Time FBA

arrow-blue-outline-rightWelcome! On this blog, we talk about our journey towards making FBA our full-time job. We give out free tips and tricks to help you make the most of your time, money, and resources. If you want to subscribe, just fill out the form over on the right side of the screen.

Seller Central Cover Mini x3To show you our appreciation, we’d like to give you a free download link to our newest book, Seller Central Tips: Reimbursements, Refunds, and How To Correct Other Possible Amazon Glitches. When you confirm your subscription, the download link will magically show up in your inbox.

By the way, we hate spam as much as you do, so we only send you stuff that will help you make FBA your full-time job! Let us know if you have any questions.

Stephen & Rebecca Smotherman

Top 5 things you NEED to do when you get an ASIN Change Notification

Screen Shot 2014-09-18 at 1.13.18 PMEver since I started selling on Amazon, I would randomly get emails notifying me that some ASINs I am selling were recently updated. For my first few months of selling on Amazon, I just ignored these emails and thought I had better things to do. I assumed innocently that these ASIN changes were probably just improvements to the product page, and that I didn’t need to investigate. Boy, was I naive and wrong. I quickly learned that there are many profitable action points that I need to do every time I get one of these emails.

Most of the time when an ASIN is updated, it means that someone is trying to improve the ASIN’s product page listing information. Maybe some good keywords were added, or the item had some additional information added that would help increase sales. I would say that 95% of the time, this is true, but the other 5% of the time, the changes actually hurt the item page and could also hurt you as a seller. Whether the changes come from a malicious and deceitful Amazon seller or just a newbie that doesn’t know any better, these changes must be checked in order to protect you, your seller metrics, and your bottom line. I’ll explain more of this below as I give you the top 5 things I check every time I get an ASIN change notification email from Amazon.

Screen Shot 2014-09-14 at 3.43.01 PM1. Product Title – I think I’ve seen it all… I’ve seen product titles that were one word long and some that were paragraphs long. I’ve seen them contain spelling mistakes and written in other languages. I’ve seen product titles that tried to contain HTML and others that were not even talking about the item that was pictured. The product title is one of the most important pieces of information that Amazon uses to help buyers find what they want (especially the first 3 words of the title). So it’s vital that the updated title be accurate, spelled correctly, and contain a few additional keywords.

Screen Shot 2014-09-18 at 11.27.30 AM2. Product Description – Unfortunately, some people don’t know what they are talking about and really make a mess of the product descriptions. I’ve had an item in my inventory where someone added to the description that it was a 4-pack, when in reality it was one toy that contained 4 parts to the toy. This is not a 4-pack. A 4-pack is when there are 4 copies of the same item. To make things even worse, sometimes some sellers actually do change a product from being one item to being a multi-pack. This change could really be bad if you start selling an item that is a 1-pack, but then someone else updates it to a 6-pack. You could have a really upset buyer leave nasty feedback for you if they only receive one item when they are expecting a 6-pack.

Screen Shot 2014-09-18 at 11.20.52 AMOther sellers sometimes are doing mass updates and accidentally cut and paste info from one item and paste it on the wrong item. I’ve also seen when someone puts an external link in a product description to buy that item on another website. These external links are against Amazon’s rules! Not only that, but they are taking sales away from you.

Screen Shot 2014-09-18 at 11.25.17 AMLike I said, some people who are trying to update the product pages are newbies. Most new Amazon sellers are coming over from eBay and assume that if they need to state something specific about their particular item, they need to update the product page, when in reality they just need to make note of what they want shared in their condition notes.

3. Product Type – Most of these updates are in reference to category changes within the Amazon catalog. Again, it’s so important that each item be placed in the correct category. Some Amazon sellers will try to sneak certain items in the wrong category because they are gated in the correct category. For example, someone might not be approved to sell in clothing (a gated category that requires approval to sell), so they try to change the category to toys, books, or another category that they are already approved to sell in.

Screen Shot 2014-09-18 at 1.53.28 PMOn the other hand, some people try to game the system by getting products changed to be in gated categories. For example, if one seller is approved to sell in shoes, then maybe they’ll try to get that toy to be moved to the shoe category, so that there will be fewer sellers approved to be the competition for that item. It’s sneaky and wrong, but people do it. Ultimately, you want these items to be in the correct category. When an item is in the right category, then it’s more easily found by buyers who are searching for it.

4. Product Key Words – Some Amazon sellers have thought that adding unrelated key words would boost their product in the search rankings. Unfortunately, this not what you want. You want the item to have the best key words that actually relate to the item. Some people even add lines to the product description that could get that item completely removed from Amazon. I once saw a grocery item that had the keyword “e-cigs” added, and those are not even allowed to be sold on Amazon.

71NGQMCh2QL._SL1500_5. Shipping Weight – Most of the time, the updated shipping weights come from Amazon themselves, but other times they are changed by a seller who sells merchant fulfilled items from home. The higher the shipping weight is, the more money they can make from shipping costs. For example: If Amazon thinks it should cost $6.00 to ship a one pound item, but the item actually only weights 8 ounces, then the merchant fulfilled shipper gets $6.00 to mail something that should only cost them $3.00. How does this effect an FBA seller? If someone is not a Prime buyer and buys your item, then it’s possible that they could be overpaying for shipping and therefore become an unhappy customer who is ready to leave you negative feedback.

Note: To check on your inventory items, simply follow the ASIN link in the ASIN Change Notification email.

It can be somewhat time consuming to check on each of these items one by one to verify that the changes are accurate, but in the end it will be worth it to protect your seller metrics and ultimately your bottom line. I wish Amazon would let us know what the updated information used to be, so we could compare, but as of September 2014, they do not.

If you notice something is incorrect or just flat out wrong, open up a ticket with Amazon Seller Central to notify them of the incorrect information, and let them know what the correct details of that product should be.

Some of you may have turned this notification off in your Seller Central preferences. If you want to protect your inventory and bottom line, I suggest turning the notifications back on.

price-tag-267x300BONUS TIP – When ASINs are updated, it often means that someone new is selling the item and that you now have additional competition. It’s likely that they are updating the ASIN because they have multiple copies of that product in stock. When the ASIN is updated, it’s probably a good idea to go and check your competition and make sure your item is priced competitively. For more on repricing your inventory, click here.

So how about you? What crazy ASIN updates have you seen? Do you have any additional tips on how to make the most of the ASIN Change Notification emails? I’d love to hear your thoughts in the comments below.

Case Study – Electronics Sales Ranks and Competing Against Amazon

In a blog post a few weeks ago, I asked you, according to your own sourcing strategies, if you would buy a particular Electronic item or not. Here’s the item we looked at:

Product: Adonit Jot Pro Fine Point Stylus – Silver
ASIN: B00931DHKM
Clearance price at Target: $3.94
Total available for sale: 20

 Screen Shot 2014-07-28 at 4.50.23 PM

 

I asked you to do the research yourself, check out CamelCamelCamel, the product reviews, and anything else you might think would help, and see if this is an item you would like to purchase for resale. Many of you tried this little exercise and 17 of you even commented with what you would do. It was so interesting to read everyone’s opinions of what they would do. Some said they would pass completely, while others said they would buy them all. Each of you had your own fascinating reasons why you decided to pass, buy all, or buy some.

I’ll let you in on what my step-by-step thought process was on this item, and then I’ll tell you what I’d do if I found 20 of these little stylus pens on clearance at Target for $3.94.

profit-bandit1. Scouting App – Scan the item with your preferred scouting app (I use Profit Bandit). Look at the FBA competition and the current rank.

2. Check Amazon – Since most scouting apps return incomplete information, click through to the Amazon sales page to check out the possible competition you may be facing (Profit Bandit provides a quick link to the item’s product page). On Amazon, you can see the full picture.

camelcamelcamel_amazon_price_tracker3. CamelCamelCamel – Research the item’s CamelCamelCamel page. For those of you who don’t know about CCC, it’s a very useful website that attempts to track both prices and sales ranks for millions of items on Amazon. CCC is not perfect, but they usually do a great job of giving us a good picture of how often an item sells and what the lowest sales prices are at any given moment in the past.

4. Look at the Rank – A rank under 1000 is usually amazing, except that many times, when scouting apps return a Consumer Electronic sales rank, it is actually returning a sub-sales rank (click here for more on that). Be sure you know if the rank you are seeing is the rank for the full category or the sub-category.

Screen Shot 2014-08-21 at 1.51.56 PM5. Check Customer Reviews – To get a better idea about how often an Electronics item sells on Amazon you can always look at the customer reviews. Customers rarely leave a review of an item they bought on Amazon, so when an Electronics item has many reviews, then it means that it’s sold rather often.

6. Check Recent Customer Reviews – Be sure to check how recent the reviews are. Just because a DVD player has 1000 reviews, doesn’t mean that it’s a good idea to buy that DVD player for the purposed of resale. 99% of the reviews could have come before 2007, with only a few reviews here and there since then. You want to find frequent, recent reviews.

7. But What About Bad Reviews? – I never look at how many one star reviews an item gets when making a buying decision. Am I just asking for a refund? Maybe… but from my experience, people are more prone to leave negative reviews than positive ones. Even if I see a lot of negative reviews, I’m not scared.

Screen Shot 2014-08-21 at 1.59.07 PM8. Compete with Amazon? – This is often a difficult decision. If Amazon is a seller of an item I’m sourcing, then I need to ask myself, “Do I match Amazon’s sales price or price the item lower? If I price to match Amazon’s price, then I’ll have to wait for them to sell out before I get the sales (or maybe they’ll share the buy box with me from time to time). Amazon could have only 5 in stock… or they could have thousands. If I price lower than Amazon, then I’d be getting a lower ROI.

9. Possible Future Competition – When doing retail arbitrage, it’s a good thing to consider that other resellers may be finding the exact same thing you are. Retail chains often clearance out the same items, so it’s possible that if you find 5 of an item, 100 other people also might be finding 5 at their local store, too.

To some, this may seem like an overwhelming process that might not be worth the time. For me, the fact that there are 20 of these stylus pens on clearance at Target make it worth the time. And honestly, once you do this process enough times, it becomes second nature and really only takes a minute or two.

Analysis-Paralysis3Getting as much information as you can on a possible product to resell is a good thing, but don’t let all the information paralyze you. There will rarely be an item you find that will pass 100% of your buying criteria. This process takes time, but the more you do this, the more you will understand what works best for you, and what aspects to give less weight to when it comes to your buying decisions.

Ok, back to the stylus. For some, this is a no-brainer… buy them all! For others, this is a no-brainer… pass! How can that be possible? Well, we all have different criteria for what works best with our business model. Some of us are at a stage in our business where we can handle the risk a little better better than others, while others might not be ready to risk $80.00 on buying all of these styluses. This is why I’m never worried about scouting in the same store as another reseller. What he would pass on might be what I’d buy.

Ok, so I’ll finally get to sharing with you what I’d do with this possible retail flip.

photo1. Scouting App – I scanned the item with Profit Bandit. The item is ranked 31, and the lowest FBA seller is Amazon selling it at $29.96. The app does the math for me, and states that if I match the lowest FBA price, then I’d make a profit of over $18 per item.

2. Check Amazon – I clicked through to the Amazon sales page to check out the possible competition. The lowest FBA price is indeed Amazon at $29.96. I also confirm that there is only one other current FBA seller, selling it at $29.99.

3. CamelCamelCamel – CCC does not have any current sales rank history, and they showed that both Amazon and other 3rd party sellers have priced this item as new somewhere between $20-30 on a consistent basis.Screen Shot 2014-08-21 at 12.42.52 PM

4. Look at the Rank – To find out exactly what this “31 sales rank” meant, I went to Amazon.com on my smartphone’s internet browser. From there, I learn that the 31 sales rank is in the subcategory of Electronics -> Accessories & Supplies -> Computer Accessories -> Input Devices -> Graphic Tablet Styluses. That means there are 30 other graphic tablet styluses with a better sales rank. Something to consider.

5. Check Customer Reviews – Currently, this Stylus Pen has 799 reviews. If almost 800 people left a review for this item, then it’s safe to say that it’s at least sold 800 times, and most likely more.

photo-26. Check Recent Customer Reviews – It looks like there were 12 reviews in the last week alone. As I continue to search, I find 11 reviews the week before, and 9 reviews the week before that. This is a HUGE sign that this item sells, and sells very often.

7. But What About Bad Reviews? – There are occasional bad reviews, but plenty of positive reviews. If I sell all 20 of this item, then maybe (maaaaaaaaaybe) one will be returned. I’m ok with that one return while possibly making almost $18 per stylus.

8. Compete with Amazon? – I did a little digging and found out that Amazon has over 999 of these stylus pens on stock. How did I find that out? Click here for a quick tutorial on how to find out how many of an item a seller (even Amazon) has currently in stock.

9. Possible Future Competition – There are 20 of these stylus pens on clearance at Target. The good news is that it might be possible that you could go to more Targets and find even more. The bad news is that if this item is clearanced at every Target, then many other resellers will also find these and join you in selling. More competition and the possibility of that competition lowering prices are something to consider.

So what would I decide to do? Personally, I would take the risk and buy them all.

keep-calm-and-buy-it-now1) The ROI is incredible.
2) There are plenty of very recent reviews to suggest that this item sells often.
3) With the Target Red Card, I can get an additional 5% off and an extended return period of 120 days.
4) With the amount of reviews this item gets, I would not be too concerned with additional competition coming into the picture. If they lower the price where it’s not profitable for me, then I’m ok with waiting to get my price. Often, patience brings profits.
5) Amazon is really my only main concern, but I could still price below Amazon to get sales and hope that Amazon doesn’t lower their price.

So there you have it. Remember, there is no right or wrong answer. I’m not telling all of you who wanted to pass on this item that you are wrong. We all have different business models and risk tolerance for sourcing. Continue to do what works best for you, and occasionally try something different.

 So what would you do? Buy? Pass? Would you match Amazon’s price, or price the stylus lower? How much lower would you price it at? I’d love to hear your thoughts. Share below.

 

How To Find Out How Much Inventory Your Competiton Has in Stock

When you’re out sourcing, one of the things you need to consider is your competition. Say you’re out sourcing at Big Lots and come across an item with a great ROI. You research the item with your favorite scouting app and see that there are other FBA sellers selling this item. Do you join them? Or pass and look for other items with less competition? It’s something to consider when making reselling decisions.

In the past, some scouting apps were able to tell you how many of an item a certain seller had in stock, but Amazon changed the way these scouting apps get their information, and now it’s a complete mystery. Or is it?

know-your-compeitionWhen a scouting app returns the current data for a particular product, it will usually show you current prices, some of your competition, sales rank, and other pieces of information. Wouldn’t you also like to know how many of an item one particular seller has in stock? It could make a big difference in whether or not you decide to buy an item for resale. It could be helpful information to know if a few of the lower priced sellers have 5 to 10 of an item in stock before you decide to add yourself as a seller of that item. Even more critical is knowing how many of an item Amazon has in stock. With Amazon’s buying power, they could easily have hundreds or thousands of an item in stock at any given time. When Amazon has that many in stock, it’s often a good idea to pass on selling that item.

Here are the steps in how I find out how many items someone has in their current FBA inventory:

1. Go to the Amazon sales page for the item in question.

2. Click on the link that shows all of the current product offers (new, used, collectible, etc).

Amazon-Add-to-Cart3. Choose one of the current sellers and add their item to your cart.

4. Click on the “edit your cart” link.

999 in AZ cart5. Click on the quantity and change it to 10+.

6. Type in 999 (the highest number allowed) and click update.

7. If that seller has under 999 items, then it will state, “This seller only has XX of these available.”

There ya go! You now know how many of that item that particular seller has in stock at a FBA warehouse. This method works with 3rd party sellers as well as with Amazon themselves.

Screen Shot 2014-08-21 at 11.37.39 AM8. I almost forgot! Don’t forget to remove these items from your cart. I once had almost $30,000 in my Amazon shopping cart when using this method. I wouldn’t want anyone to accidentally buy everything in their cart.

This information is not only good for when you are out sourcing, but also when you are pricing your items. If the three lowest priced sellers all have just 1 item in stock, then depending on the rank, you might want to price your item higher then theirs, knowing that they might sell out while your item is headed to a FBA warehouse. On the other hand, if you see that the lowest priced competitor has 100 in stock, you might want to price more competitively to get a quicker sale. It’s all about strategy and what works best for you.

Ok, now it’s time for you to put your new inventory research skills to the test! Here is an item that I want you to research. Take a look at the three lowest priced FBA sellers and let me know in the comments how many they each currently have in stock.

Screen Shot 2014-08-21 at 3.08.51 PMProduct: Noodlehead Pawparazzi Pets – Toki The Pro Race Car Driver
ASIN: B009UIABAC 

 

Don’t peek below at what others are posting. Do the research yourself. In any case, you never know if someone bought this item on the same day as you are reading this blog post, and the inventory levels have changed.

 

 

 

Cover Reveal For Our New Book

Married to Reselling_cover2S

Rebecca and I are excited to announce our latest book, Married to Reselling: Balancing Family Life With Your Online Business. The book will be ready this fall, but we’re too excited to keep it a secret any longer.

In our new book, we’ll be discussing how our online business (whether full timers or part timers) impacts our family life… and vice versa. When you work at home, learning how to properly balance your family life with your online business is key to success for both.

To get your free PDF download of the first chapter of the new book, just click here.

Decoding the Electronics Amazon Sales Rank Code

photoMost resellers rely on Sales Rank when making purchasing decisions. For reasons known only to Amazon, the category of Electronics (sometimes called Consumer Electronics) often does not provide a category wide sales rank. Many times when scanning an Electronics product, a scouting app (like Profit Bandit or ScanPower) will return a sales rank of N/A (Not Available or Not Applicable). In almost all other categories, a rank of N/A really means that the sales rank is zero. To read more about why an item would have a zero sales rank, click here. Sometimes, however, the scouting app will return a numerical sales rank, but be very careful what you decide to do with that number.

PB Buy AllWhen an Electronics sales rank number is given, it’s almost always the rank of an Electronics subcategory. One time I was out scouting and found multiples of an item that showed a rank of 92 in Electronics. The store clearance priced them at only 50 cents each! With over 27 million items in the Electronics category, 92 looked like an amazing rank. I bought a few of those items and brought them back to the house. I was preparing to send them in to FBA when I noticed that the sales rank was now showing N/A. I looked back on my scouting app and it still was showing a rank of 92. I did some more research and found out that the item I had was not ranked 92 out of the 27,000,000+ items in Electronics, but was ranked 92 out of 120 in the subcategory of Electronics > Accessories & Supplies > Blank Video Media > Minidiscs.

Screen Shot 2014-07-28 at 4.49.30 PM

I was curious if this item could still possibly sell well on Amazon. I went to check CamelCamelCamel to see what information they could provide about this product. CCC is a website that provides sales rank and pricing history for most Amazon products. Their data is not perfect, but it can give the reseller a good idea how often and for how much an item might sell. When I checked CCC, there was no current sales rank or pricing history, so that was a dead end.

Since CCC lead me nowhere, I decided to look at the reviews on the item’s sales page on Amazon. At first, things looked good. This item had over 100 reviews, mostly 5 star, but then I noticed that the most recent review was from 2009. The review before that was from 2008. The bulk of the reviews came from 2006-2007. Even a well-reviewed product might not still be selling today.

I concluded that this item was not worth sending in to Amazon. I now do this research (checking CCC and product reviews) on almost every electronic item I might purchase to sell. Needless to say, I was glad I only bought a few of these items as they quickly were added to my garage sale pile.

Screen Shot 2014-07-28 at 4.50.23 PMOk, now it’s your turn to try this out. I’m going to give you an Electronic item, and I want you to do the research yourself. Check out CamelCamelCamel, the product reviews, and anything else you might think would help, and see if this is an item you would like to purchase for resale.

Product: Adonit Jot Pro Fine Point Stylus – Silver
ASIN: B00931DHKM
Clearance price at Target: $3.94
Total available for sale: 20
 

No really, don’t just keep reading. Do the research. I promise… it’ll only take you a few minutes and will help you tremendously in the future when you are sourcing and come across electronic items. Bonus points if you practice doing the research on your smart phone instead of the computer.

In the comments below, let me know if you would buy the item, how many, and why. I can’t wait to read what you have to say. And no cheating! Do your own research before reading what others have to say.

UPDATE: To find out what I would do for this item and what my thought process was when I made my decision, click here.

FBA Aged Inventory Notification (or How to Avoid Long Term Storage Fees)

amazon-warehouse-5If you’ve been selling on Amazon at least 11 months, then it’s possible you recently received a FBA Aged Inventory Notification email from Amazon. Twice a year, (February 15th and August 15th), Amazon charges a long term storage fee for all items that are being stored in a FBA warehouse for 365 days or longer. To allow flexibility, Amazon is kind enough to exempt one unit of each MSKU from being applied to the long term storage fee. This means that if you have 5 items that have been stored in a FBA warehouse for over a year, only 4 will actually be charged the fee.

This fee is something to take seriously, as it’s currently $22.50 per cubic foot. As an example, I currently have 83 aged units of inventory which (if none of them sell or are removed) will cost me $291.82 in long term storage fees. That’s a charge of over $3.51 per item. These are just my numbers and yours will vary. You may be paying less per item, but you could also be paying more.

ifOUVAvNfA60Amazon charges this fee to make sure of two things: 1) to encourage sellers to keep our inventory priced competitively, and 2) that their FBA warehouses aren’t used as a dumping ground for products that might never sell. Before long term storage fees, you could send in 100 of a $50 book ranked at 5 million, and only pay pennies a month for storage per book. Maybe you sell one book a year, but what do you care? You’re making a profit and FBA stores all the books for you. Meanwhile, Amazon is seeing thousands of other sellers doing the same thing. FBA warehouses don’t want to be a long term storage solution for you. They want to be a short term storage facility that holds your item for a short time until it sells. To make sure that Amazon sellers are motivated to get all of these multiples sold, they have instituted the long term storage fee.

How do we find out what items are going to possibly be charged this fee? In the email that Amazon sent you, there was a link to their recommended removal page. This page will tell you what Amazon says you should remove in order to avoid this fee.

So what are our options to avoid this fee?

LC_OFF_Body_NLP1. Reprice the items that are affected by this fee. Depending on the rank, you’ll want to either match the current low price or beat it. If the rank tells you that this item sells often, just price-match the lowest price, but if it looks like this item only sells once a month, then you’ll probably want to be the lowest price of all your competition.

2. Use Amazon Promotions to offer your potential buyers an incentive to buy your item.

3. Use Amazon Sponsored Products to advertise your item. This will cost you, but may cost less than the long term storage fee if done correctly.

EBay_logo.svg4. Use multi-channel fulfillment and see if you can sell these items on eBay (or other sites) and then use Amazon to ship the item to your buyer.

5. Don’t just reprice your item once. Go back often and make sure that the item is still priced competitively. Remember, you might not be the only seller of that item who may be hit with long term storage fees. Other seller are going to be lowering their prices too.

6. When all else fails and your item is still not sold by August 15th, then you could set up a removal order to have your inventory returned to you. Then you could try to sell it on eBay, or perhaps sell it in a future garage sale. If that doesn’t work, donate it to a worthy cause. You can even arrange with Amazon to automatically remove all items that are affected by this fee.

7. If you don’t think that returning the items to you is worth the hassle of selling it on another platform, at a garage sale, or even donating it, then you could set up a removal order and have Amazon dispose it.

Screen Shot 2014-07-14 at 11.53.12 AMRemember, almost everything I tell you has exceptions. If the item you are selling is a rare, high-priced item, perhaps you are fine with being charged a long term storage fee. Perhaps you have a rare toy that is ranked 1 million, but you are certain that you’ll get $250 for it… then maybe paying around $3 for long term storage fees don’t matter to you. Also, you might have a situation where you’d prefer to pay a $3 long term storage fee rather than lowering your price by $10. Each product will require you to decide what is best and what will maximize your profits.

But for 95% to 98% of items in our inventory, you’ll probably want to choose some of the options above in order to avoid these fees.

If you did not get this FBA Aged Inventory Notification from Amazon, then congratulations! You don’t have any items that are subject to this upcoming fee. But just to be sure, you can go to Amazon and see your recommended removal report (sign-in required).

So what are your plans to avoid long term storage fees? I’d love to hear how you handle Amazon’s FBA Aged Inventory Notification and make the most of this situation.

Today is our 1st bloggiversary, but you get the gift!

One year ago today, we launched the Full-Time FBA blog with the article, “So What Do You Do For a Living? It’s been an amazing year filled with more than 50 blog posts, over 350 comments, and an ebook focused on Reselling Board Games. We’ve come together on this blog to talk about numerous FBA-related topics, with your input providing an important component of the discussion.

Full-TimeFBASign1Some of our most popular posts include:

The Full-Time FBA Quiz – Are You Ready?
Dealing With Frustrating Amazon Changes
The Most Frequent Question I’m Asked
How to Get FREE Money For Sourcing
Garage Sale Tips Series
Our Liquidation Store Experiment

 

I want to thank you from the bottom of my heart for joining my wife and I on this Full-Time FBA ride. We look forward to another year filled with helpful articles, new ebooks, videos, and — especially — challenging questions from you.

Seller Central Cover MiniIn appreciation of you, I wanted to give you a bloggiversary gift! I think the traditional first-year bloggiversary gift is a free ebook (I made that up just now). So without wasting any more time, I give you the link where you can download our newest ebook, Seller Central Tips, Reimbursements, Refunds, and How To Correct Other Possible Amazon Glitches.

Here is the Table of Contents of your new ebook:

Introduction
Tip #1: How to Check if “Returned” Items are Actually Returned to FBA
Tip #2: How to Get Reimbursed for Unfulfillable Inventory
Tip #3: How to Handle FBA Inbound Shipment Problems
Tip #4: How to Check for Reimbursable Lost Items
Tip #5: Fixing Stranded Inventory 
Bonus Tip #1: How to Manually Reprice Your Inventory
Bonus Tip #2: My Top 6 Manual Repricing Strategies
The Full-Time FBA Blog: How We Made FBA Our Full-Time Job
Seller Central Printable Checklist

 

If followed, the instructions in this ebook will help you not only maximize your FBA profits, but will also get you back some of the money that Amazon owes you due to their own mistakes. Over the past year, I’ve personally been able to recoup over $1,000 following each one of these Seller Central Tips. I hope you can have similar results.

If there is ever anything I can answer for you or share my opinion on, please don’t hesitate to ask. You can leave a comment below, or drop me an email (stephen@fulltimefba.com). You can also follow us on Twitter and like us on Facebook to get even more access to what Full-Time FBA has to offer.

Ready to download the book? Click here to get it!

New Ebook Alert: Book Sourcing Secrets (Plus a FREE Bonus Book!)

When I first got started reselling on Amazon, books were a bulk of what I sold. Reselling books is one of the best ways to start learning all about how selling on FBA works. You can find books at so many places and for such little investment… and the best part is that you can make a lot of money simply selling books.

 

Book Sourcing Secrets CoverIf you’re just getting started in selling on FBA, or if you’re wanting to up your book selling game, then I highly recommend you check out this brand new ebook from FBA expert, Peter Valley. Peter did over $130,000 in sales selling used books on Amazon, so you know he knows what he’s talking about. He writes all about where he gets his inventory (over 40 sources), how he sells the books for maximum profits, and all his “best practices” that make the whole process easier. Book Sourcing Secrets contains 110 pages of actionable information.

 

Recycling Riches CoverAs an added bonus, Peter will also include a mini ebook (31 pages) titled, Recycler Riches. In this book, Peter interviews another full-time book seller who explains how he regularly picks up books by the truck-load for pennies each and sells $25,000 a month in gross revenue. It’s a fascinating interview.

 

After reading both of these books, I couldn’t help but wish I had these resources when I first got started with FBA. I’m confident that Book Sourcing Secrets will help you and your FBA business. I honestly think that this book will pay for itself very quickly.
If you’re interested in this book, all you need to do now is click here.