Monetize your overstock!No registration fee, and Amazon Outlet has added more slots for limited-time promotions!
July 7, 2023
Contents:
01/ Great news!Amazon Outlet has added more spots for limited-time deals!
02/ Just ask!What does excess inventory include?
03/ Clear excess inventory fast with this four-step approach!
The midyear shopping event has wrapped up, and the next promotional event is already on the way. If you’ve just wrapped up Prime Day and are already gearing up for the next promotional season, are you also struggling with excess inventory?
Reasonable inventory management can not only help sellers improve inventory utilization, but also boost sales and save on storage fees!Even more importantly, healthy inventory status helps free up storage capacity for new products, so they can sell better!Next, let’s take a look at how to better manage inventory!
Inventory management requires sellers to carry out long-term monitoring and optimization based on their own business conditions, and timely clearing excess inventory is especially critical for sellers. A healthy inventory status can not only save sellers operating time, but also free up available inventory space and maximize inventory value recovery. So what exactly is excess inventory?
01
Some aging inventory
First, excess inventory includes aging inventory. Compared with monthly inventory storage fees, aging inventory surcharges are much higher. Fees for aging inventory stored for more than 365 days are even higher and can be up to 13 times as much.
02
Products for which Amazon predicts holding costs exceed liquidation costs
In addition to aging inventory, excess inventory also includes Amazon-predicted products with holding costs that exceed liquidation costs, which means the storage cost of the products may be higher than the cost of advertising, liquidations, or removal. Therefore, Amazon recommends that you actively clear this excess inventory, manage your storage capacity limits, free up space for bestselling products, and save on storage fees.
In addition, in the “FBA Inventory” tool, you can sort by “Estimated excess quantity” to identify excess inventory. Also, under “Actions” on the right, the FBA Inventory tool provides recommendations for each of your ASINs, and you can decide whether to adopt them based on your product market and business situation.
For liquidation challenges, we recommend handling them promptly to avoid high storage fees. Sellers can try this four-step approach: expand to other Marketplaces, boost sales, prepare storage capacity, and clear excess inventory—it’s time to take action!
Expand to other countries
● Sellers in the US Marketplace can use the Remote Fulfillment Program with FBA (NARF) to sell synchronized inventory in Canada and Mexico.
● Sellers in Europe can use the European Fulfillment Network (EFN) and Pan-EU FBA to sell synchronized inventory on other European Marketplaces.
Expand to other sales Marketplaces
With Multi-Channel Fulfillment (MCF), you can sell not only on other Amazon Marketplaces, but also on third-party platforms, helping you expand into more markets and clear inventory.
🔍You can copy and paste the following link into your browser to learn more about “Multi-Channel Fulfillment”:
https://gs.amazon.cn/mcf
Prime Exclusive Discounts
Prime Exclusive Discounts are discount promotions for Prime members. After you set them up, the product detail page displays discount information and the Prime badge, which can consistently attract high-quality traffic, increase visibility, and boost sales;
Amazon Coupons (Coupon)
Amazon Coupons (Coupon) create discounts for a single product or a group of products. Product search results display the Coupon badge, giving you access to Amazon Coupon’s dedicated traffic entry point. You can also create coupons tailored by customer type to reach target groups precisely.
Promotion
Amazon’s dedicated holiday Deals each year are a great chance to drive a surge in sales, and you can use the major fourth-quarter Deals to choose products, stock up, and clear out inventory!
Outlet Deals
Outlet limited-time promotion is a promotion channel for customers that helps clear overstock through markdowns, with the goal of helping FBA sellers address excess inventory. Products in the Outlet limited-time promotion offer buyers a discount of at least 20% (20% off). Currently, the channel has reached customers on almost all Amazon sites. -
As a promotional channel for exposure and traffic, Amazon Outlet is a great tool for cross-border sellers. Amazon currently has Outlet entry points on both desktop and mobile, bringing in significant traffic to help sellers boost sales and optimize inventory!
Amazon SPN Service Provider Network
If your Amazon storage capacity is low or your inventory is close to becoming aging inventory, you can use the Amazon SPN Service Provider Network to find overseas warehouses and move some of your inventory to a third-party overseas warehouse for storage and sale.
The Amazon SPN Service Provider Network conducts a comprehensive evaluation of local service providers based on factors such as reputation, service capabilities, and brand influence, and ultimately selects more than 90 local service providers to offer sellers six major service categories, including overseas warehouse services.
Remove inventory automatically
Automated fulfillable inventory removal can help you minimize losses from inventory removal. Automated removal does not directly dispose of inventory. Instead, it automatically helps you process your inventory in descending order of value recovery, with no manual action needed from sellers. If you no longer want to use automated removal later, you can opt out of it at any time in Seller Central.
● If the seller has a return address on the 【Automated fulfillable inventory settings】 page and chooses to return the inventory, it will be returned by default to the address provided by the seller;
● If there is no return address, the seller's inventory will automatically be cleared through FBA Liquidations to recover value.
Bulk Liquidations
Bulk Liquidations refers to selling inventory to liquidators that work with Amazon. This can help sellers clear excess inventory and returned products, avoid disposal order fees, and recover 5–20% of the product value.
Inventory management is one of the most important parts of running a store, and proper inventory planning can improve sales and operational efficiency!There are many peak sales seasons in the second half of the year, so get your inventory ready as soon as possible to guide your big sales!