Amazon Outlet program helps to clear overstock items
Sellers who use Amazon FBA fulfillment services can now offer their overstock and clearance items on Amazon Outlet.
Unlike Amazon Warehouse, where buyers can shop for deals on returns and refurbished goods, Amazon Outlet is for shopping discounted new products, reports ecommercebytes.com.
Sellers who use FBA will likely welcome the option of selling items that may be slow movers through Amazon Outlet to save on storage fees.
However, not all items are eligible to be sold through Outlet, and it changes from week to week. Amazon will determine which products are eligible for Outlet “based on customer demand and other factors.”
While there are no additional fees for selling on Amazon Outlet, obviously it comes at a cost since sellers must discount prices. Amazon explains, “The maximum deal price takes into consideration the lowest price charged by sellers offering the product in new condition.”
Amazon said selling through Outlet can help sellers increase sell-through, improve cash flow, optimize inventory levels, and reduce total storage fees on overstocked inventory. It drives customers to Outlet through direct emails and ad placements, including on Amazon’s homepage.
Sellers who participated in the beta program in the spring saw a 77% increase in unit sales, Amazon said. FBA sellers must have a Professional account and an overall rating of at least 3.5 stars to participate. Sellers can learn more by visiting the Amazon help pages.
More Amazon news
Keep “Supervillain” Jeff Bezos from returning to Earth, petitions beg
70000 people sign petitions to keep “Supervillain” Jeff Bezos in space forever More than 70,000 people have signed petitions calling to stop Jeff Bezos from returning to Earth after he blasts into space next month. Bezos said earlier this month that he and his brother...
Severe shipping delays from China due to Covid outbreak in Guangdong
Shipping delays and congestion worsen at South China ports Covid-19 outbrakes in Shenzhen and Guangzhou are causing serious shipping delays that could last until the end of June and lead to further rise in ocean freight rates. Yantian port, the key export facility in...
New services for online merchants
Ecommerce services by Instagram, Google and Facebook Here are some of the newly launched services for Ecommerce entrepreneurs by Instagram, Google and Facebook. Instagram launches section for product drops Instagram is adding a new feature to help connect...