Search Amazon from cell phone pic

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:

Search Amazon with Pictures from Your Phone

Amazon just launched a really sweet feature, Amazon Lens, which makes ANY photo you take on your phone shoppable.

  1. Take a picture on your phone
  2. Go to share options
  3. Click ‘Find Product on Amazon’

This not only helps brands that struggle to rank in keywords, but it helps shoppers find any product they like, quickly.

This means more sales for you…!

This feature also works on Instagram photos.

It will slide this screen open to confirm the search:

 

We find over 20,000 buyable online arbitrage leads per year.

We deliver lead spreadsheets daily, Monday through Friday, in the early morning.

We have 2 spots open on our Elite Jupiter-22 list, as well as a few on Mars-44.

First come, first serve.

Amazon Marketplace Stats from CEO

Andy Jassy, the CEO of Amazon, wrote a letter to Amazon stockholders, and here are some stats that show how the marketplace grew last year:

  • Amazon’s total revenue grew 12% year-over-year (YoY), from $514B to $575B.
  • North America revenue increased 12% YoY, from $316B to $353B.
  • International revenue grew 11% YoY, from $118B to $131B.
  • The number of items delivered same day or overnight increased by nearly 70% YoY.
  • Revenue driven by sponsored ads saw a 24% increase, from $38B to $47B.

You can check out more 2023 Amazon numbers here.

Jassy also said that Amazon sees a lot of opportunity in lowering its fulfillment network costs while also delivering faster for customers.

Yo, Jass Man, any way those savings can trickle down to sellers?

What Amazon Spring Sale Shoppers Bought

Amazon’s first Spring Day Sale is in the books, and according to PYMNTS Intelligence, 28% of US consumers participated in the 3-Day Sales event.

So, what did they buy?

PYMNTS Intelligence reports that the top performing product categories were:

  • Health and Beauty
  • Clothing and Accessories
  • Tools, Hardware, and Garden Supplies
  • Consumer Electronics
  • Books, Music, Hobby, or Toys

Not sure why BABY PRODUCTS isn’t on the list. It probably crushed.

OA Tips and Tricks

Some sauce from Chris Grant to spice up your OA game:

  • The “Amazon Whisper” Method – Chris provides a breakdown of his “Amazon Whisper” Blue Ocean sourcing strategy in this blog post.
  • Keepa Monthly Sold Feature Explained– Keepa just rolled out the “Monthly Sold” feature which estimates the amount of product sold at the variation level in a specific time frame. Check out the video.

Important Amazon Seller Updates

Prime Day 204 Key Dates – Amazon has already announced their target dates for Prime Day 2024:

May 3 – Create and submit your deals by this date to participate in the Prime Day Sale.

June 20 – Make sure your inventory arrives at Amazon fulfillment centers by this date.

Updated Dietary Supplements Policy – Effective on April 2, dietary supplements products will need verification from a third-party Testing, Inspection, and Certification (TIC) organization.

Fee Updates:

Lower FBA Fulfillment Rates – Good news! Effective April 15, fulfillment fee rates for standard sized products will decrease by $0.20 per unit, while rates for large bulky-sized products will decrease by $0.61 per unit.

New: Returns Processing Fee – Starting on June 1, Amazon will be introducing a returns processing fee for high return rate products (excluding apparel and shoes). These fees will only apply to products that have return rates above a threshold specific to each category. Return rate thresholds will be published on May 1.

Low Inventory Fees – Starting on May 1, Amazon will start charging low inventory fees without a credit back. Make sure to monitor your inventory. You can view your low inventory fees using the new SKU Economics report.

Fulfillment Fees Breakdown – Amazon seller @honest_tom gives a great breakdown of all changes Amazon made to fulfillment fees this year.

New Features:

New SAFE-T Dashboard – Amazon has launched a new dashboard to help you monitor your SAFE-T claims and related reimbursements.

Recommended Badge – a Recommended badge will now appear in the workflow’s Fulfillment Channel field if a new product you’re listing is recommended for FBA.

Updated Add Product Listing Tool – the updated tool can now help you search for products already listed on Amazon for sale in bulk and add up to 500 offers with minimal effort.

Upcoming Seller Events 📍- Amazon Seller Week Presented by Jungle Scout

Jungle Scout will be powering its first-ever virtual event Amazon Seller Week from April 29 to May 3. The event features Amazon industry experts who will share cutting edge insights and advanced strategies that will help sellers elevate the growth of their Amazon businesses.

Click here to register for the event.

Also, if you’re looking for more Amazon virtual events to attend this year, click here and check out this list.

This Week in Seller School

YouTube

  • How to Prepare for Back to School Season by Flips4Miles

Podcasts

 

Other Quick Clicks

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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