Has the Covid-19 pandemic made you close your physical business, and you are surrounded by unsold products? Or did it give you the courage to start an online business?
Talking about the online business, how can we miss the world’s popular e-commerce giant, Amazon.
If the tough times made you switch to selling online, then you’re following the right direction. No matter if you’re the owner of a brick-and-mortar store with lots of unsold items or thinking of starting an online business from scratch by sourcing products, Amazon could be the key solution for you.
Just remember, it’s never too late to do the right thing. Every day represents new starts, and every day holds power to change your life. By selling your products on Amazon and capturing the huge customer base of Amazon, your business can be very become very profitable and successful.
What is FBA, and how does it work?
Amazon FBA is the right program for new online sellers. The reason is the benefits it offers. By using Amazon FBA, any new seller can become successful without having in-depth knowledge of how things work in e-commerce. Because in this seller’s program, Amazon takes responsibility for the majority of the tasks involved in completing your orders.
Starting from the basics, FBA stands for Fulfilment by Amazon, the program provided by Amazon that stores items sent by the sellers in fulfillment centers, packs, collect, and exports worldwide clients. To become an online retailer on Amazon first step is setting up a selling account then picking the FBA option. The only disadvantage of this service is that it does not offer advertisement and other functions for individual or small business users.
Moreover, selling products through FBA is an intelligent choice because the goods that get sold fast become “Prime eligible.” The majority of the sales on Amazon are done by third-party sellers.
What is FNSKU, and who makes it?
To fit into the requirements set by the Amazon FBA labels, the new retailer has to categorize the goods with the FNSKU name, the products, and product condition. Amazon will identify your product through two barcodes, the manufacturer barcode, which can be UPC, EAN, ISBN, and the Amazon FNSKU Barcode.
The Fulfillment Network Stock Keeping Unit (FNSKU) is the next step you encounter in the Amazon FBA program. This standardized system, which may seem a little time-consuming was invented to protect the uniqueness of your supply. A standard SKU or UPC is not enough to distinguish your items in the Amazon warehouse that contains millions of products, raising the possibility of mixing your products with the other seller’s products. Thats why these barcodes are very crucial for your inventory.
Importance of FNSKU:
FNSKU is used to track products and link them to you in the Amazon fulfillment centers. Most importantly, Amazon generates an additional step without additional stress. It is generated after the seller creates a product listing, with attached photos to satisfy Amazon’s requirements. Later, you can prepare your items following the guidelines for the packaging to make them immediately available and buyable your supplies once they reach the fulfillment center.
To label your goods, the sellers have two options. The first one is to label the inventory by himself. For that, he needs to print off the FNSKU barcode and put them on all the inventory. Or use the other simple method is to send the unlabeled inventory directly from the supplier to the Amazon warehouse or from their location. And use the Amazon FBA label service to put the FNSKU barcode to the items. Using this service also manages labels for you.
It’s a great opportunity for all Amazon sellers to save time and money and let Amazon professionally take care of the labeling. Once the labeling is done, you can easily monitor your products through your Amazon account. After arranging your shipping to the amazon fba center, your items are ready to be sold online.
Amazon FBA fees policy:
Amazon FBA has a lot of services, but that does come with a cost. There’s an Amazon FBA fee that every seller has to pay depending on the quantity and type of the products. The sellers can use the Amazon FBA calculator the calculate the Amazon FBA fees online. The whole process of calculation is quite easy and fast.
To give you a rough idea, we can say that 2022 Amazon FBA monthly storage fees for standard-size items January-September would be around $0.83 per cubic foot and for October-December: $2.40 per cubic foot; meanwhile, the oversize items had a fee of $0.53 per cubic foot for January-September and $1.20 per cubic foot for October-December.
Conclusion:
If you’re not selling on Amazon, 2022 is the year of start selling on Amazon. We hope this guide has helped you to get a clear understanding of how Amazon FBA can help your business grow. If you feel the need for expert guidance, you can always rely upon Amazon FBA coaching to get all the required help for starting a successful business on Amazon.
