Serious Sellers Podcast #359 – EU Market and Accounting Updates
In this episode, Bradley speaks with Matt Remuzzi of Capforge and Melanie Shabangu of Avask to talk about the latest updates in the Amazon space regarding accounting, how the macroeconomic factors are affecting eCommerce sellers, and what should sellers think about if they’re currently planning to exit. We also cover the latest policy and regulation changes that Amazon EU market sellers need to know about.
What is EPR? How do we sellers comply with it? Our expert guests break it down and share their perspectives on these policy and regulation changes, including how they will benefit the sellers who produce top-quality products.
Today’s expert guest also share their topics on the upcoming Sell and Scale Summit! So make sure to listen to the very end.
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While there are many pros and cons to using Amazon’s FBA service, it’s also important to understand what it costs you. The fees that Amazon charges for this service are notoriously high and difficult to reconcile. Some sellers choose FBA over self-fulfillment. Listed below are some advantages of FBA. Keep reading for more information. You can also see the costs that Amazon charges for selling through their service. For the most part, you can expect to pay between 15% and 25% of your sales.
First, Amazon will take care of all shipping and storage. While you might have to hire space for your inventory, the FBA service can save you money on these costs. You can ship your products outside of Amazon and onto other shopping websites as well. Additionally, Amazon has its own warehouses where they can store a large quantity of goods. These warehouses can also be used for storing other products. This means that you won’t need to rent a separate warehouse, which can be expensive. Unlike other fulfillment centers, Amazon’s warehouses are unlimited and the fees are low.
The key to an Amazon FBA business is to identify a market gap and design a product to fill that gap. Competition is high on Amazon and you have to focus on solving people’s problems. As a result, you can even launch a whole new product category. Remember that a business plan isn’t necessary, but it’s helpful. And don’t be afraid to take some risks! There are many ways to start an Amazon FBA business without a business plan.