#133 - Amazon Sellers Payment Froze, Better Product Listings With AI, and more
Temu will open its marketplace to U.S. sellers in March and extend to European sellers soon after. The number one most-downloaded shopping app is expanding beyond Chinese sellers. The more than 100,000 sellers on Temu today are all based in China, based on Marketplace Pulse research. Because Temu’s marketplace requires sellers to agree on wholesale pricing and ship goods in bulk to Temu’s warehouses in China.
Many British Amazon merchants are at a loss after the platform froze payments, leading to numerous questions and complaints from traders. Some of them claim to be in financial straits due to the situation. In many cases, sellers are unsure about the exact reasons behind the blockade and are clueless about how to lift it. A common complaint is that Amazon continues to ask them for information, even when they have already provided it. Meanwhile, there seems to be minimal seller support available.
The hardest part about selling on Amazon is, well, figuring out what to sell on Amazon. You may have what you think is a great idea for a product, but smart sellers rely on data — not always their gut instincts — for which products to invest in. This is especially true in February, when customers shop for everyday products. Sure, sales typically slow down during this time of year, but sellers can take advantage of many opportunities to start fresh and launch new products.
Good to Know
It’s hard to imagine an industry more competitive — or fast-paced — than online retail. Sellers need to create attractive and informative product listings that must be engaging, capture attention and generate trust. Amazon uses optimized containers on Amazon Elastic Compute Cloud (Amazon EC2) with NVIDIA Tensor Core GPUs to power a generative AI tool that finds this balance at the speed of modern retail.
Business owners choose to sell in the Amazon store because it’s a great value, with access to powerful tools, services, and programs to drive their business growth—and at a cost that is typically lower than their alternatives. Here’s what some sellers have to say about how Amazon has helped them succeed.
Amazon Seller Statistics: Amazon is the world’s largest eCommerce platform. Just as its logo says, it has everything A to Z under one roof. Many Small and medium businesses as well as large corporations benefited because of the easy process of setting up their businesses on Amazon. This helps them to widespread their business with minimum charges.
That figure is the average rate at which independent American sellers move product on Amazon’s marketplace. These sellers, most of whom are small and mid-sized businesses, tallied 4.1 billion items sold in 2022, according to the company’s data. Since incorporating third-party sellers in 2000, Amazon has revolutionized the retail industry. It leads among online marketplaces and has forced incumbent brick-and-mortar competitors to expand their operations online.
For those sellers that haven’t yet received the email informing them that their Amazon Disbursements are at risk of deactivation and there is a potential VAT liability due to indicators of unmet UK business establishment requirements, below we reproduce a sample email. If your disbursements haven’t arrived, it’s likely that you’ve missed the email and need to start hunting for documents to prove you are indeed a UK seller (or if you are established outside the UK follow the alternative advice).
Amazon is a behemoth of a marketplace that every e-commerce merchant should be on, or at least consider. However, with competition so fierce, it can be all too easy to fade into the background. Follow these three practical steps to get more sales on and off of Amazon.
As The Wall Street Journal (WSJ) reported Thursday (Feb. 1), citing sources familiar with the matter, the U.S. Consumer Product Safety Commission is at work on an order that could classify Amazon’s online retail operations as a distributor of goods. Such a designation, the report said, could place Amazon in the company of traditional retailers who are liable for the safety of the products they sell on their websites. It would also potentially make Amazon responsible for product recalls.
Amazon have been emailing what looks like hundreds, if not thousands, of sellers informing them that their Amazon Disbursements are at risk of deactivation due to indicators of unmet UK business establishment requirements. Amazon require proof that sellers are based in the UK for tax obligations. And for some, the situation is even more serious as they are being told that in addition to their Amazon disbursements being held, they also need to pay VAT for historical B2C sales dating back to 2021 if they can not prove that they are a UK business.
Founders of Phool, Hair Originals, Omay Foods and other D2C brands talk about how Amazon Launchpad has set them up for unprecedented visibility, reach and success. For direct-to-consumer brands and small businesses, it can be challenging to stand out online as large, established brands tend to enjoy strong customer recall. How then does a fledgling organic food brand reach the sustainability-conscious consumer?
A shopper was left fuming after the Amazon app suggested she leave a 25% tip when buying a £6.31 ($8) item. In a post on Reddit, a user called Novagurl shared her recent experience while shopping on Amazon. Under the heading 'No. I would not like to tip on Amazon' she fumed with just a handful of words and one photo.She wrote: "Just wanted to buy a pet memorial for a friend whose dog passed. Has anyone else been asked to tip on an Amazon purchase? Unbelievable.
After online retailer Amazon (AMZN) delivered a strong earnings report Thursday afternoon, CEO Andy Jassy and other executives spoke to analysts on the e-commerce company's earnings call. The company's shares jumped 7% in after-hours trading. Jassy said the company’s low prices and quick delivery helped deliver strong holiday sales to cap a good year for the company. Its AWS cloud revenue grew on increasing AI interest, while its advertising revenue shot higher on new streaming TV options that opened it to smaller businesses.
Rufus is an expert shopping assistant trained on Amazon’s product catalog and information from across the web to answer customer questions on shopping needs, products, and comparisons, make recommendations based on this context, and facilitate product discovery in the same Amazon shopping experience customers use regularly. Launching today in beta to a small subset of customers in Amazon’s mobile app, Rufus will progressively roll out to additional U.S. customers in the coming weeks.
Tips and Tricks
If you are new to selling on Amazon, navigating Seller Central can be a bit overwhelming. Once you learn where everything is, it is pretty easy to use! Where do you add products? How do you create a shipment? Can I access sales reports? Can I add a user to my account? If you’re unfamiliar with the seller dashboard, I’m sure you’re asking yourself some of these questions, if not more. In this guide, you’re going to learn how to navigate through Amazon Seller Central so you can properly manage your Amazon business.
In the competitive field of Amazon sales, the appearance of your items may make or break a purchase. A significant aspect of generating attractive product photos is mastering the art of lighting. In this post, we’ll figure out seven ways to increase your Amazon product photography effortlessly. These simple yet effective techniques are meant to change your product photographs, making them stand out and establish a lasting influence on potential consumers.
Your product photography is one of the most important aspects of your Amazon listing. You’ve spent lots of time and money on creating your brand and private label product; make sure you put the same effort into photography. With so much competition on the Amazon marketplace, you cannot afford to cut corners when it comes to your product images. Simply put, high-quality product imagery and infographics will increase your conversions and sell your product.
Mike Carroll is a weightlifting buddy who lost his job last fall. He had been an insurance salesman for 25 years and is now contemplating a new career. I asked him, “Have you thought about ecommerce?” He had not. Launching an ecommerce company intrigued him, but he was unsure where to start. Knowing many would-be entrepreneurs with similar concerns, I invited him on the podcast.
Which products are Amazon best sellers this month? Are tried-and-true household staples filling shoppers’ carts, or are trending social media fads flying off Amazon’s virtual shelves? Does one Amazon product category rule all others? At Jungle Scout, 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.
Amazon Sellers are confronted with multiple widgets and alerts upon logging in to Seller Central. The Account Health widget, in particular, uses stoplight colors (red, yellow, and green) to signal to Sellers whether or not their account is healthy. This small widget may be easy to ignore, but it’s one of the most important ratings to watch. Find out why below.
If you’re an Amazon seller living in the U.S., then you’re probably aware that tax time is coming up. Businesses such as partnerships, S corporations, or LLCs that are taxed as partnerships are required to file taxes by March 15, 2024. And individuals, C corporations, sole proprietors, single-member LLCs or LLCs taxed as corporations are due by April 15, 2024. (You can make sure you don’t forget these extremely important dates each year by downloading our Amazon Seller Holiday Calendar.)
The Amazon marketplace is an enticing option for many small and medium-sized businesses. With a massive consumer base, selling on Amazon can take a fledgling company to the next level, but it’s not without risks. By understanding the challenges, however, sellers can put themselves in the best position possible to capitalize on the opportunity of the Amazon platform.
Finding the right product to sell on Amazon is key to finding success on the site. But even if you’re selling the perfect, high-demand product, an optimized Amazon product listing is what’s going to drive sales and take your business to the next level. In a recent Jungle Scout study among more than 1,000 Amazon sellers, nearly 80% are prioritizing optimizing their Amazon listings with relevant, high-quality keywords.
When it comes to running a business, you need to make decisions based on the data available to you, to ensure your business is moving in the right direction. Many rely merely on gut instinct when it comes to business decisions, but if you have reliable information, the next steps to strengthen your business are clear. Fortunately, with a professional Amazon seller account, you have access to various business reports to help you run and grow your Amazon business.
Listen in as Bradley shares the latest on Project X and how we’re shaking up the game with our coffin shelf product. He tackles the challenge of fierce competition and relentless price wars not by slashing our prices, but by creatively enhancing our product’s value. With the inclusion of quirky accessories like mini skulls and pumpkins, we’ve managed to not only raise our price by $10 but also to give our product a unique edge that customers love. Bradley also opens up about our strategy for listing optimization using Helium 10’s tools, which could revolutionize the way you manage your Amazon listings.