Maximize Your Profits as an Amazon Seller: Key Tips

How To Maximize Your Profits As An Amazon Seller

All Amazon Sellers want to increase their profits. Of course, the key to any successful business is having a worthwhile product, however, there are additional things you can do to maximize your profits as an Amazon Seller. Please continue reading and reach out to our experienced team to learn more about some of the most important things you can do. They are as follows:

Ensure your product is of optimal size: This means even if you have bigger products, try and consolidate your packaging to fir the smallest tier FBA fulfillment fee. Additionally, ensure you measure and keep track of your product’s dimensions. Sometimes, Amazon enters the wrong dimensions, charging Sellers more than they should. If you point this mistake out, you will be owed a refund.
Use the “bundle” approach: Products that are typically bought together should be sold in bundles of two-packs or otherwise. You have to pay shipping costs, and if you can bundle related products together, you may only have to pay for shipping once, as opposed to twice.
There are various product categories you can choose from, and they all have different referral fees. If you can choose a more specific category, you may pay less of a percentage in fees.
Ensure you do not have any “stranded inventory.” For example, if you have items with expired listings or otherwise, you may have less storage space, and you may also be charged more long-term storage fees. Your entire inventory should either be sold, reimbursed, or currently in stock.

For any additional questions regarding your business, give our experienced team a call. We are always here to help.

If you are an Amazon seller and require the assistance of an experienced Certified Public Accountant, please contact Ebiz Accounting for an initial consultation. We provide Amazon business accounting services to clients in New York and throughout the United States. All Amazon sellers should have an accountant they can trust. If you are looking to expand your business, or even form a new one, do not hesitate to reach out to our knowledgeable team today.