Amazon is among the largest marketplaces in the world, attracting over 5.7 billion monthly visits all over the world. If your company isn't currently selling on Amazon then it should be. One way to accomplish this is through FBA USA , also known as the Fulfilment through Amazon (FBA) program.
What Is FBA?
It is the FBA program is a well-liked option as it helps sellers ship their products to their customers quicker and without a lot of hassle. Instead of leasing and managing an office and then shipping each order by yourself instead, let Amazon manage all of the heavy lifting.
Amazon charges the cost of this service, however as long you're moving your goods quickly, this cost will be far cheaper than managing your inventory and shipping by yourself.
How Does FBA Work?
The FBA procedure is quite simple. The product will be shipped to Amazon prior to launching your business and it will keep the items within its inventory until a buyer makes an order. Then your Amazon team will then pack and deliver the product directly to your client. If the customer isn't satisfied with the item, Amazon will also handle the return or refund. You'll get paid every week, and the FBA fees taken out of your sales automatically.
Sounds simple? It's because it's. You'll be capable of making your company more efficient and productive without having to put in extra effort. Also, you'll be in great company. 66 percent of the top 10,000 sellers on Amazon utilize Amazon's FBA program.
5 BENEFITS OF FULFILLMENT BY AMAZON
There are numerous benefits for using Amazon help in the fulfillment process. Find out more about the advantages that come with Amazon FBA so you can aid your business in gaining the momentum its chances of success.
Boosted Commerce, Amazon FBA, Amazon Sellers, Acquisition
Lower-Cost Shipping
The major benefit of FBA is the ability to deliver your goods to your customers at a lower price.
Products that are fulfilled by Amazon can be shipped for less due to the fact that Amazon has a huge discount with all of the major shipping companies. You'll receive a percentage of the discount on your fulfillment costs which will allow you to earn more money per order as opposed to if you had to send out packages on your own. You don't have to invest cash on shipping equipment or pay someone else to package everything.
The best part is that you'll pay nothing extra for the two-day delivery Amazon offers to Prime customers. If you're interested in shipping to customers outside of the United States, Amazon provides an export program that will handle the shipping rules and regulations of customs for you.
Faster Shipping
It's not just about the savings, however. Customers can also save money since FBA products qualify to receive free shipping. If they're prime member, they'll be eligible for free next-day or two-day delivery. This is much more efficient than you'd likely be able to ship packages with your own warehouse setup particularly if it's only you and a couple of employees.
In the year 2019, over 85percent of the most popular U.S. Amazon sellers offered Prime shipping (up from 56 percent during 2016). Affiliating to Prime buyers can increase sales, especially as Prime customers are more likely to spend than non-members. The average Prime member will spend $1,400 per year, as opposed to 600 dollars for customers who are regular.
More Storage Space
Another benefit for FBA has to do with the fact that you do not need to be concerned whether you can rent a warehouse, or the conversion of your basement into the Amazon warehouse. Amazon will ensure that your items are in a secure location and out of the ways. Even if your inventory may be tiny, Amazon will manage it without difficulty. While the service comes with a cost, it is not as expensive as leasing the space and hiring staff to manage it.
The best part is that If you've achieved a high performance in your inventory, and where your items are flying off shelves, you'll be able to use the unlimitable space in Amazon. Amazon warehouse. This will help you increase your products and increase the amount of products out to market. For slow-moving items Amazon's FBA inventory management system will help you monitor inventory surplus so you know how long it's been sitting.
Help Managing Your Customers
In some cases, providing customer support may be a full-time occupation. One of the greatest advantages that comes with Amazon FBA is managing customer service. Instead of coming to you with any issue customers can communicate directly with Amazon's customer service experts. This not only saves your time, but it also provides the customer with greater choices. Amazon is accessible 24/7 via chat, email and telephone, which means your customers will be able to get assistance whenever they need it. There's no need to work off any late-night shifts to answer questions and trying to keep your customers satisfied.
Return and Refund Management
In an ideal world, every customer are happy with your product. But, the reality is that it doesn't always go as planned and you'll likely receive the occasional return or refund requests. Reviewing and confirming each one of them could end up time-consuming and consume a lot of your time.
Fortunately, FBA is there to assist. FBA's Amazon team will handle everything from beginning to end from preparing the shipping label and delivering the returned item. Yes, you'll be charged an additional processing fee for this service , in addition to other FBA charges however, it could save the cost of a specialist in returns to pay.
Grow Your Business and Cash Out
The numerous advantages offered by fulfillment via Amazon can make it an easy option for you to choose for your e-commerce company. You'll be able cut costs on transportation and warehouse costs, as well as get products to your customers more quickly. It's a win for everyone, particularly when your business begins to grow and you start to become more busy.
After your business has grown It is possible to make money through selling the FBA business. This is the point where Boosted Commerce can help. We specialize in buying FBA businesses from hardworking business owners. If you want to know if your company is eligible and to find out what profits you could be able to earn through selling your online business contact us via email now.