#111 - Amazon Allowing Confiscation of Seller Funds, Top Longevity, and more
20% of the top 10,000 sellers on Amazon in the U.S. have been at the top for over seven years, as long as Marketplace Pulse has been tracking the top sellers. The other 80% couldn’t retain their position, but most didn’t give up on Amazon - over 60% of the top sellers in 2015 are still active today.
Amazon Sellers Attorney, a lawyer-supervised suspension appeal service, announced today that three arbitrators sitting in three different states in arbitrations against Amazon.com (AMZN) have stricken section 2 of Amazon's Business Solutions Agreement, which allows Amazon to hold funds indefinitely if they suspect the third-party seller sold inauthentic products, holding that it is not enforceable and ordered Amazon to release the third-party seller's funds.
We dive into Amazon product and category data to identify product opportunities and track ecommerce trends. This article dives into some of Amazon’s best sellers over the past 30 days and their changing product sales and revenue.
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Good to Know
Brazil, Mexico, and Australia are Amazon’s fastest-growing markets. Amazon’s web traffic has nearly tripled in Brazil in three years, and in Mexico and Australia, it more than doubled.
The e-commerce giant is reportedly slapping “frequently returned” notices on products that consumers tend to ship back back to Amazon. The company is also advising shoppers to check item details and product reviews before pulling the trigger.
Omnichannel” has been an aspiration for brands for many years now, but while it used to refer to the merging of a retailer’s brick-and-mortar and ecommerce operations, it now means something very different. The “new omnichannel” that retailers now aspire to includes not just stores and websites but also social media, search engines and perhaps most importantly, multiple online marketplaces.
An Amazon seller was sentenced to prison 7 weeks ago in part for "ginning up" false allegations about competitors. The government alleged that one competitor was suspended from the Amazon Marketplace because of a false intellectual property (IP) complaint filed by the defendant and his coconspirators in what's known as the Amazon bribery case.
According to Amazon, the new feature lets merchants receive deposits of up to $1 million in 24 hours, rather than waiting three to five business days for transfers to go through. In addition, the company says Amazon Pay’s integration with hundreds of banks and credit unions means merchants won’t need to wait for the money to transfer via the ACH network.
Amazon accelerator Pattern, for example, expects its base of clients in the Middle East to jump by 50% this year. Other experts told Modern Retail that as governments in the region continue to make the area more attractive for businesses, it has become a more lucrative — yet relatively untapped — entry point for Amazon sellers.
Chad Rubin was looking for a way to spice up his Amazon listing for a vacuum hose. He was struggling to come up with a catchy title that would make shoppers want to click on his hose instead of the countless others in Amazon’s vast marketplace.
The e-commerce giant’s most high-profile move of this new era so far has been to shrink its workforce, which analysts recently noted will help it improve the margins and profitability of its retail operation. But the cost of goods, of technology and content, and of music and video were the largest contributors to Amazon’s retail margin weakness in 2022, according to number-crunching from William Blair analysts led by Dylan Carden.
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If it’s still hard to wrap your head around the concept of offering Amazon Prime on your website, you can attend a free webinar this week to learn more.
For these smaller enterprises, access to capital is critical, and getting funds into the corporate coffers with speed means that it becomes easier to manage operations and they can, in turn, access the inventory and items that they sell to the consumers on Amazon’s and Walmart’s marketplaces. This keeps customers happy, boosting subscriptions to Prime and Walmart+. And in the background, Amazon and Walmart help spur merchants to use fulfillment services to get goods to the consumers’ doorsteps.
Amazon’s store for smart business buying, Amazon Business, is committed to the growth of small businesses. In 2022 Amazon Business launched its Small Business Grants to celebrate small businesses and entrepreneurs making an impact in communities across the U.S.
The center in China will become an important base for the cultivation of professional, international and comprehensive cross-border e-commerce talent, Amazon Global Selling said. It will upgrade the company’s existing seller training system and mechanism in four parts: training programs, course content, talent community and innovation incubation.
Digital marketplaces continue to gain significant momentum in Australia, with 88% of shoppers buying from a digital marketplace in the past year, and 92% of consumers planning to shop on marketplaces like eBay, Amazon and Catch in the year ahead.
Amazon told sellers in an announcement on Thursday, “It’s time to prepare for Prime Day 2023,” although as usual, it did not reveal the dates of its major annual shopping event expected to take place in July. Note that last year, it also held a second Prime Day event in October called the “Prime Early Access Sale.”
An influential consultant for Amazon sellers admitted Monday to bribing employees of the e-commerce giant for information to help his clients boost sales and to get their suspended accounts reinstated.
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Tips and Tricks
In this article, we’re going to answer those questions and explain why this will not replace Jungle Scout and its suite of reliable and accurate tools. We’ll also continue to monitor and analyze Amazon’s new sales data so you can make impactful decisions for your business.
Attention Amazon sellers! Have you recently received a notification stating that your account has been suspended? If yes, we know how daunting it can be to lose access to your hard-earned business. But don’t worry; the good news is that all hope isn’t lost yet! With our ultimate guide, we’ll help you navigate the murky waters of account suspension and provide practical tips on retaining your Amazon seller account for the long haul.
Returns are just a part of life as an ecommerce seller, and there’s no reason to panic if and when you face one. In this article, we’ll go over Amazon’s return policy, what has changed, and how it affects sellers. Then, we’ll show you how to understand and reduce your return rate so you can earn more happy customers.
It all began quite harmlessly, with an out-of-the-blue call from Entrepreneur magazine asking me if I could put together a quick and dirty talk on the "legal and tax aspects of selling on eBay" and presenting it at eBay's annual seller convention in New Orleans, three days later.
9% Whether you are a brand new Amazon seller beginning your research or an experienced Amazon vet, it can be difficult to figure out which product category to focus on. With over 40 categories to choose from, how do you narrow down your research and find the best niche to put all your focus on?
Adding Amazon to the places companies sell products increases conversions and gets a brand in front of its target audience. Most retail businesses should at least consider whether the online shopping giant offers a good opportunity to reach new customers.
When aspiring entrepreneurs first discover selling on Amazon, one of the big questions they inevitably ask is, “How much are Amazon FBA fees for sellers?” After all, if you’re going to sell on the world’s largest e-commerce network, you want to make sure that you’re going to profit.
Deanna Slamans and her husband became full-time Amazon sellers in 2015. It took them two years to earn a profit, and they made one mistake that cost $12,000 overnight. Slamans said to be successful on Amazon, you have to be a risk-taker and use your imagination.
This week, we cover the latest news on Amazon, Walmart, and Shopify. Interview an Elite seller with a unique story and a pro-tip when using our Magnet tool.
In this episode, we speak with a systems implementation expert to learn about business systemization and scaling. From setting up workflows to ways of boosting your personal productivity.