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
Amazon is working on a device that will read human emotions
Amazon brings sci-fi tech to life Amazon is developing a voice-activated wearable device that can recognize human emotional state, turning Sci-fi tech into reality The wrist-worn gadget is described as a health and wellness product in internal documents...
Amazon offers a 75% discount on storage fees for best-selling items
Amazon asks sellers to send it more stuff Amazon is offering its third-party sellers discounts on storage fees as part of its plan to fulfill speedy shipping promises. According to Business Insider, Amazon now offers a 75% discount on storage fees at its...
Amazon is using astrology to sell its products
Amazon is using horoscopes for targeted marketing Amazon has been shipping monthly horoscopes to its Prime members in its Insider newsletter. Amazon states on its horoscopes page that readers can consult the readings to identify “which Prime benefits are...