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
New Year in China 2021: lockdown 2.0
China's COVID-19 case spike forces another harsh lockdown China is enforcing strict new measures, trying to contain the spread of COVID-19. The new initiatives are aimed to limit and discourage movement during the traditional migration period. The following regions...
New Communication Guidelines for Amazon buyer-seller messages
Amazon Communication Policy update: What sellers need to know? Amazon has recently updated its Communication Guidelines. Sellers are required to follow them for any communication with buyers. You can see the full details here. What does this mean for Amazon sellers in...
Amazon Early Black Friday Deals start 26th October 2020
Amazon Black Friday Deals submission deadlines This year Amazon will be running three weeks for Early Black Friday Deals starting at the end of October, followed by Black Friday and Cyber Monday at the end of November. Early Black Friday Deals will be available to ALL...