#144 - Amazon and Temu Swap Strategies, New Amazon VAT charges, and more
Hot News
Amazon and Temu Swap Strategies
Temu wants to be more like Amazon, to reduce supply chain risk and offer faster shipping, while Amazon is racing to replicate Temu because it cannot ignore the fact that its low prices trump Amazon’s convenience for some shoppers.
marketplacepulse.com
New Amazon VAT charges: What sellers need to know
Amazon is implementing significant changes that will directly impact VAT Registered UK sellers. These changes, effective from August 1 2024, relate to the VAT treatment on Amazon fees and invoicing. Amazon has a fast-growing base of sellers with an estimated 280,000 active seller in the UK. These changes are expected to impact many ecommerce businesses, particularly on their cashflow and bookkeeping requirements.
cwherald.com
How To Make Money On Amazon — 6 Strategies
It’s clear that Amazon has become a giant in the retail space, but what you may not know is that there are multiple opportunities for monetizing—similar to the monetization potential on platforms like YouTube and Instagram. Whether you’re interested in selling products, promoting affiliate links or leveraging Amazon's publishing and advertising tools, there are numerous avenues to explore for making money on Amazon.
forbes.com
Good to Know
Amazon sellers lose coveted buy box ahead of Prime Day after Target discount snafu
Amazon sellers interviewed by CNBC said they were penalized after the company’s pricing algorithms found their items were being sold for less on Target’s online marketplace. Target ran a competing discount event, which ends Saturday, in the lead-up to Amazon’s Prime Day next week. Amazon’s pricing algorithms have been the focus of an FTC lawsuit.
cnbc.com
Amazon Says Third-Party Sellers Drive 60% of eCommerce Sales
Amazon says small, independent businesses now account for a bulk of its eCommerce sales. The company’s annual U.S. Small Business Empowerment Report, issued Tuesday (May 23), shows that 60% of sales on Amazon’s stores come from independent sellers, most of which are small and medium-sized businesses (SMBs).
pymnts.com
Federal Circuit Finds Personal Jurisdiction in an Amazon Product Dispute
In SnapRays, d/b/a SnapPower v. Lighting Defense Group, the Federal Circuit found that a district court could exercise personal jurisdiction over a declaratory judgment defendant based on the defendant’s sending an Amazon Patent Evaluation Express (APEX) agreement to the declaratory judgment plaintiff alleging that the plaintiff infringed the defendant’s patents by selling products through Amazon into the state.
jdsupra.com
EXCLUSIVE: Amazon readies small business sellers for Prime Day
Amazon offers small- and medium-sized businesses selling on its platform a variety of solutions and services to help ensure Prime Day success. Chain Store Age recently spoke with Natalie Angelillo, director, seller external relations at Amazon, to find out more about why Amazon considers small- and medium-sized businesses a vital part of its upcoming Prime Day sales extravaganza and how it supports their Prime Day efforts.
chainstoreage.com
Best Selling Products On Amazon (2024)
Ecommerce sellers rely on Amazon to reach a massive audience of over 310 million active customers. That makes keeping up with the platform’s best sellers and new trends extremely important. Using the Exploding Topics proprietary algorithm, we can find trending products that are performing well on Amazon before they become mainstream. Every product we’ve included is rated as an Amazon bestseller and displays upward growth.
explodingtopics.com
Prime Day isn’t just for Amazon anymore
Did you enjoy Target Circle Week last week? Or Walmart’s July deals? TikTok Shop just had its Deals For You Days from July 9 through 11, while Temu Week, running through July 18, slashes prices by up to 90 percent. Now, this week, Amazon Prime Day is upon us. All this comes not a moment after retailers’ July Fourth holiday sales, turning the entire month into a blur of bargains. It’s time to shop because it’s never not time to shop.
vox.com
Amazon Scam Warning: Beware of Deliveries You Didn’t Order
Have you recently received an Amazon package that you didn’t order? It may be part of a scam called “brushing.” This scheme involves a package from Amazon showing up at your doorstep with your name on it, but it’s not a gift or anything you ordered. Legally, you get to keep any package that’s addressed to you, but this scam isn’t entirely a victimless crime.
clark.com
UK AMAZON SELLERS MUST PROACTIVELY MANAGE CHARGEBACK THREAT THIS PRIME DAY
Amazon’s Prime Day has become an increasingly popular retail sale event in the UK. The European platforms of the eCommerce giant offer Prime users exclusive deals from some of the biggest brands and over 100,000 small businesses over a two-day shopping event: Tuesday, July 16 to Wednesday, July 17. UK Prime sales showed significant growth in 2023, compared to 2022, with the first 24 hours generating online sales worth £581 million, showcasing the incredible opportunity for online sellers.
homeofdirectcommerce.com
Amazon faces probe into treatment of sellers in Austria
Austria's competition authority has begun investigating whether Amazon is exploiting its market dominance in relation to other retailers that use its website as a marketplace, it said on Thursday. This follows a similar move by German authorities, which announced an investigation in November. European regulators have been taking a tough line on U.S. tech giants like Google and Facebook, while the European Commission is also looking into Amazon's dual role as retailer and marketplace.
yahoo.com
Amazon Singapore report highlights double-digit sales growth for 2023
Amazon Global Selling Singapore has unveiled its 2024 trend report, titled "Fostering Entrepreneurship & Building Global Brands." The report highlights opportunities in cross-border e-commerce for Singapore entrepreneurs and presents performance metrics for local sellers on Amazon’s global platform. According to the document, Singapore sellers saw double-digit growth in 2023 on Amazon’s international stores.
itbrief.asia
Even verified reviews on Amazon can be fake
Among the reviews of products sold on Amazon, there are 'fake' reviews in which reviewers have received compensation from the seller and given the product a high rating. Amazon claims to be investigating reviews in response to reports from users in order to eliminate such reviews, but it has been pointed out that these investigations may not be very effective.
gigazine.net
Amazon Pay sees a big opportunity in offline payments in small towns in India
Amazon Pay India, the digital payments arm of e-commerce giant Amazon India, is focusing on greater penetration of offline payments this fiscal with an aim to introduce new payment methods and improve security. Instead of focusing on a single segment, Amazon Pay offers a variety of payment options such as Unified Payments Interface ( UPI), credit cards and wallets, he added.
udaipurkiran.com
The e-commerce giant has seen steady growth since its entry into India in 2013, but the offline piece remains a challenge. After losing out on the Future retail acquisition, how does it plan to keep the growth engines revving? In mid-November last year, Manish Tiwary, Amazon India’s Country Manager, made a presentation to the parent company’s external board at its Seattle headquarters.
businesstoday.in
ATO to crack down on Amazon, eBay sellers’ tax affairs
The Tax Office will receive details of accounts that make over $12,000 a year to identify hobbyists-turned-businesses and those misreporting income. The Tax Office will force Amazon and eBay to hand over details of up to 30,000 account holders to crack down on sellers who misreport income in their BAS and tax returns. The data-matching program would target users who make more than $12,000 in sales, according to a government gazette notice this week, with the ATO gaining access to their personal, business and account details.
accountingtimes.com.au
Avon Solutions Appointed as Official Amazon Seller Onboarding Partner in India
Avon Solutions, a leading provider of e-commerce and digital marketing solutions, is proud to announce its appointment as an official Amazon Seller Onboarding Partner in India. This collaboration marks a significant milestone for Avon Solutions as it continues to empower local businesses to expand their reach and thrive in the digital marketplace.
sangritoday.com
Tips and Tricks
The 7 Best Business Credit Cards for Amazon FBA Sellers [2024]
Becoming an Amazon FBA seller is one of the most interesting, unique businesses you can start. FBA stands for Fulfillment by Amazon, and it’s a program offered by Amazon to third-party merchants that allows you to get your products on Amazon’s website and leverage its global fulfillment network to scale your e-commerce business.
upgradedpoints.com
Amazon Prime Day 2024: Innovations Set To Overcome Economic Challenges, Ramp Up Sales
Amazon.com Inc is gearing up for its 10th annual Prime Day on July 16-17, 2024. This year's event promises millions of deals across 35+ categories, drawing keen attention from analysts and consumers alike. JPMorgan analyst Doug Anmuth shares an optimistic outlook, projecting low-teens year-over-year GMV and revenue growth despite broader economic pressures.
businessinsider.com
Jenny Woo's four streams of income have taught her a few important lessons: how to start side hustles, sustain them and make them more lucrative. Woo is a 42-year-old ex-corporate consultant and Montessori school administrative director who lectures at the University of California, Irvine, runs an online emotional intelligence course and freelances as a business consultant.
msn.com
Soon Amazon Prime Day 2024: these two secret tips from insiders
Amazon Prime Day 2024 will take place on July 16 and 17, offering two days of significant promotions. This event is an opportunity to save on a wide range of products, including electronics, fashion, home items, and much more. Here are two tips to ensure you get the best deals and avoid any unpleasant surprises.
techno-science.net
Podcasts
Unlock the secrets of skyrocketing your e-commerce sales with TikTok Shop! Join us as we sit down with Michelle Barnum-Smith, a leading expert on TikTok Shop, who will reveal why this platform is revolutionizing e-commerce and how you can tap into its immense potential. From unparalleled user engagement to an all-inclusive buying experience that supports brand building and data transparency, Michelle dissects the unique advantages TikTok Shop offers over traditional platforms like Amazon. Get ready to learn how full visibility of sales data and direct customer interactions can transform your business.
helium10.com