Since April 1, 2020, Amazon has announced an offer of monthly storage and removals to the Amazon FBA sellers. This offer is introduced as a part of the new selection program. Amazon has also enhanced the numbers of new ASINs that can be qualified to 500. Additionally, the new FBA sellers can also qualify to get an amazing discount of $100 on Amazon Partnered Carrier Shipping.
Now, let’s take a deep look into the details necessary to understand the new program completely.
You need to register under the FBA new selection program to reap the benefits that it has to offer.
As merchants are showing keen interest in the program, Amazon is taking steps to expand and improve the New Selection program. Once you enroll, you will get to enjoy the following benefits.
What is Amazon FBA?
Amazon is among the most popular places to sell on the internet. You can sell just about anything online from books, clothes, jewelry, or electronics. Amazon provides tens of thousands of distinct services and products that you may select. You will need to understand how to become an Amazon FBA seller in case you plan on selling Amazon. Amazon gives many resources for learning, like how to grow to be an Amazon FBA seller. Once you have enrolled as an Amazon FBA seller, Amazon fulfillment centers will handle the shipping request on your behalf.
Amazon warehouses are situated in several countries all over the world that are staffed with experienced, trained workers who concentrate on fulfilling orders. They are always available to assist new and established Amazon FBA sellers with no questions concerning inventory availability or just how to ship items for the customers.
Amazon FBA business pays to rent a warehouse, called a fulfillment center, where they put their products and hire workers who work around the clock to make sure that each order is delivered in a timely fashion to the client. Amazon fulfillment centers also handle all the paperwork for the tax investigation to ensure your shipments are sent legally and up to date. Amazon FBA businesses that are operating in their homes reap many benefits from Amazon’s system.
How does Amazon FBA business work?
Amazon FBA sellers are extended a distinctive identification number known as an Amazon Prime Number. This number is exclusive to each Amazon FBA seller and lets Amazon track imports and also make purchases. Amazon uses this information to find out the prime shopping place for every order. Amazon Prime shipping prices are generally lower than standard shipping rates. Amazon Prime orders generally require two weeks or less to arrive at Amazon headquarters, depending upon the shipping path chosen by the seller.
FBA New Selection Program – Info and Benefits
Limited to new-to-FBA parent ASINs:
Different Amazon FBA businesses registered in the New selection program to enjoy fee waivers on up to 500 new-to-FBA parent ASINs. This boundary faculty will be reset on January 1 every period.
Free monthly removals and storage:
Amazon will not charge monthly storage fees for the no. 50 units of apiece new parent ASIN for 90 life once the very first unit is received by the fulfillment center. Thus, Amazon FBA sellers will be eligible to remove the first 50 units within the time limit of 50 days with no FBA removal fees.
Available free returns for certain categories:
The New program also processes free returns on behalf of the sellers on the following five categories:
- Shoes, Handbags & Accessories
If you are dealing with up to 50 units against each parent ASIN, Amazon will waive the fees for processing returns. The condition here is that the Amazon fulfillment center should receive the product within 20 days. Thus, in order to reap the benefits of this exclusive offer, you should try to get the returns back to the fulfillment center within 120 days after the date to which inventory was received.
The shipping discount of $100: This applies to new FBA sellers exclusively. Amazon will waive the premier $100 business and shipping charges under the specific program of Amazon partnered shipping. It holds true for the new FBA sellers who have enrolled in the new and updated program.
This makes it far easier for you to delude new products using FBA. Currently, different merchants can access this program who are selling in different geographies, including the UK, US, France, Spain, Germany, Italy, Japan.
- You can only register items of small and large standard sizes through this program.
- The ASIN that you are planning to use should not be previously enrolled in any of the FBA categories in the past 180 days.
- Though parent ASINs changing can be new to FBA, these ASINs shouldn’t be enrolled previously in FBA in the 180 bypast life.
- The unqualified items include used ASINs in the media category and used items. It refers to recording, sound, books, recording spunky accessories, DVDs, video games, recording courageous consoles, etc.
- If you want to be qualified for sovereign return processing, you must have an ASIN in adornment, apparel, shoes, luggage, handbags and accessories, and watches.
You can also relate to River’s position and conditions for more info.
Amazon states that professional Amazon FBA sellers are eligible to get into the FBA New Selection Program. If the seller already has an IPI score, the score should be at least 400 or higher to be qualified for the program.
However, the professional sellers with no inventory storage limit can also be a part of this program along with those who are yet to get the IPI score.
To get all the benefits of this program, you must get yourself enrolled in the program to maintain the eligibility status. You should know that the eligibility status will be updated on a daily basis, considering the IPI score.
Once you are confirmed and enrolled in the program, your eligibility status will not be affected until April 1 of next year, as this is when an assessment is done. No matter if the IPI score fluctuates within the time, the final score will be considered. However, the sellers who have an IPI score of 400 or less until the next assessment program to be held on April 1, will be removed from the new program.
Benefits of Amazon FBA program
Amazon FBA delivers many advantages to sellers apart from the most obvious truth that there isn’t to think about inventory, fulfillment, and shipping time. Amazon takes care of almost all of these aspects, and managing warehouses and fulfillment centers are abandoned by third-party sellers.
Amazon also offers third-party sellers excellent marketing strategies, so they are able to efficiently promote and advertise their merchandise. Amazon FBA seller account holders enjoy many benefits apart from starting out in addition to appreciating significant discounts on Amazon’s low rates.
Amazon FBA Seller presents several forms of services for the new and existing customers and helps with efficient management of inventories. Amazon warehouses are constantly being updated so that the customer receives the products they purchased in a shortest possible time. Amazon warehouses are fully staffed by knowledgeable and experienced employees who quickly respond to customer orders.
Amazon warehouses are fully stocked and feature various services and products, which helps clients purchase items in accordance with their preferences. Amazon warehouses help in saving time and money as they are fully automated and ensure timely entrance of services and products to the client.
The main advantage of using Amazon FBA is that you may not have to buy additional buildings or infrastructure for your own warehouse. Amazon warehouses are totally automated and work perfectly for the short-term in addition to long-term rentals. Amazon’s warehouses are designed so there are never any openings in stock, even though you’re simply stocking small items at a time. Amazon uses supreme quality packing supplies to make sure all the services and products arrive safely at your customer’s doorstep.
The Amazon FBA program is also beneficial for people that want to start selling on Amazon. Amazon’s seller accounts give you a fantastic amount of vulnerability, and that you won’t need to pay for any funds to get started selling on Amazon. Amazon also provides training on how best to use its tools effortlessly so that it is possible to optimize your returns. Amazon FBA sellers can earn good profits within only a couple of months of launching Amazon FBA.
The new and updated amazon selection program comes with loads of benefits. However, the enrolled sellers must maintain the eligibility status before sending the ASINs to the Amazon fulfillment center. The New-to-FBA ASINs will be qualified for free removals, monthly storage, and returns processing benefits. Learn about the program in detail before stepping in and make sure that you comply with the rules described by the Amazon marketplace. In this way, you will be able to get benefits from the countless opportunities and elevate your business to new heights.