Every other week, we share quick bites of Amazon seller news, tips, and other goodies. Here is a quick roundup of seller snacks to munch on:
$7 Billion Per Day
Amazon announced record sales for Prime Day, with over $14 billion in sales over the 2-day event. Amazon also reported that independent sellers sold more than 200 million items during Prime Day 2024.
Here are some highlights from Feedvisor’s report on Amazon Prime Day 2024 Trends:
You can download the full Prime Day 2024 infographic here.
Neptune-22 Has Two Spots Open
Our online arbitrage lead list, Neptune-22, has two spots open. This list doesn’t pop open very often.
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Amazon’s Cross-Generational Dominance
A recent Statista Consumer Insights survey reveals Amazon’s widespread popularity across age groups. Among respondents who purchased from major online retailers (including Amazon, Target, eBay, and Walmart) in the past year, Amazon captured a significant market share.
Interestingly, the Boomers and the Millenials, two age groups who are at the most odds with each other, are leading the rest of the age groups in Amazon’s share.
Q2 Consumer Trends Report
Jungle Scout has released its Q2 2024 Consumer Trends Report, offering a comprehensive analysis of generational spending patterns and the impact of home ownership on shopping behavior.
Key insights from the report include:
- Q2 vs Q1 consumer spending shifts
- Online shopping search habits of homeowners and renters
- Amazon product categories experiencing significant price fluctuations
- How financial concerns influence spending across generations
The power of nailing seasonal shopping trends into your product line planning:
Read the report here.
Only 1% of US Amazon Sellers Sell Overseas
According to Marketplace Pulse, despite Amazon’s best efforts to woo US sellers to sell in other international marketplaces, only 1% sell overseas.
For the respondents who do sell in international marketplaces, 12% sell on Amazon Canada, while 5% sell on Amazon Mexico. Only a few thousand US sellers sell in Amazon’s biggest international marketplaces (Japan, Germany, Mexico).
Amazon’s 22 international marketplaces present a tremendous business opportunity, and some complexities aside, seem easy to manage. What do you think is causing reluctance in Amazon US sellers?
OA News, Tips, & Tricks
- Five Amazon Growth Hacks that Shouldn’t Work But Do – in this thread on X, @fieldsofprofit shares five unlikely hacks that will increase the bottom line of your OA FBA business.
- Find Epic Seasonal Products – in this video posted on X, @cleartheshelf demonstrates a cool Keepa Product Finder trick that will help you find products to flip on Amazon as they hit their stride in seasonal sales.
- Avoid Bad Buys – @alloutamazon posts a great thread on different strategies you can use to avoid making bad inventory buys.
- 12 Sentences That Will Teach You More Amazon FBA Game than a $197 Course – @flips4miles shares on this thread.
Important Amazon Seller Updates
We’ve got some important updates for you. Let’s break them down:
Good news! Starting November 1, 2024, Amazon will automatically reimburse you for FBA products lost in their warehouses. No more waiting!
Also, from October 23, there’s a new timeline for manual claims:
- Lost or damaged items in warehouses: You’ve got 60 days to claim after Amazon reports it.
- Customer returns: Claim between 60-120 days after the refund or replacement date.
- Removal claims for items lost in transit: Claim between 15-75 days from shipment creation.
- Other removal claims: You have 60 days from when the shipment returns.
- September-October: Amazon’s focusing on receiving inventory. Get your products to them by October 19, 2024, to be Prime-ready for Black Friday.
- November-December: Amazon shifts to processing orders. Expect fewer slots for new shipments.
- Good news: You might see lower capacity limits for October and November, but don’t worry – it should cover about six months of inventory.
- Bonus: No more overage fees for storage as of July 1, 2024!
From September 25, 2024, you’ll need to maintain a 90% on-time delivery rate for your products to be listed on Amazon.com.
Heads up: On August 25, Amazon’s changing Pro sellers’ shipping settings to a max 5-day transit time for standard shipping in the contiguous US. On September 25, they’ll also switch on automated handling time.
This Week in Seller School
Blog Posts
- Amazon Aged Inventory: What You Need to Know by sellerapp
- How to Minimize Inbound Amazon Shipping Fees in an Inventory Placement World by ecomcrew
- Mastering Amazon Late Shipment Rate: Keeping Shipments on Time and Battling Suspensions by My Amazon Guy
Podcasts
- The Art of Bundling: Top Amazon Sellers Share Their Techniques by The Next Amazon Top Seller
YouTube
- How to Bundle on Amazon in 2024 by Barbara Drazga
Other Quick Clicks
- Amazon rolls out generative AI shopping tool Rufus to all US customers
- Withholding the storm: Online challengers fail to break Amazon’s dominance as Temu growth plateaus
- Does Amazon need Saks Global to conquer luxury retail?
Thank you for reading. If you have any questions, comments or violent reactions, just hit “reply.”
Let’s make kajillions!
Heath, Jason, and the FBALeadList team
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