Amazon is set to expand its popular Subscribe & Save program to include seller-fulfilled products starting June 27, 2024. This expansion allows sellers to offer discounts on frequently purchased items with the convenience of auto-delivery, driving repeat purchases and boosting brand growth.
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On May 7th, Amazon expanded its global footprint by launching in South Africa, marking its first entry into sub-Saharan Africa. This move increases Amazon’s active markets to 22 worldwide. The launch was significantly delayed, coming over a year later than initially planned, due to shifting priorities within Amazon. Notably, 2023 marked a year without expansion as plans for new marketplaces in Colombia, Chile, and Nigeria were put on hold. Before this, Belgium was the latest addition in October 2022. South Africa, alongside Nigeria, represents one of the largest e-commerce markets in the region.
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Marketplace Pulse research indicates that Amazon has added nearly 5 million new sellers since 2018, affirming its status as the top choice for global entrepreneurs. Each day, approximately 2,000 sellers join the platform, though this significant expansion often goes unnoticed by everyday shoppers. About 40% of these new sellers are based in the U.S., with notable increases also occurring in Brazil and other international markets.
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GeekSeller has a robust system for automated order fulfillment with Amazon MCF. We noticed some interest among our users in fulfilling TikTok orders with Amazon FBA inventory, so we wanted to talk a bit more about this option. In this post, we will briefly explain the integration and how it works.
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Starting March 28, 2024, Seller Central will require identity verification via a mobile number or an authenticator app for sign-in, enhancing security against fraudulent access. Users without two-step verification set up will be guided to add a mobile device upon sign-in. Alternatively, users can opt for an authenticator app through “Login Settings” for convenience and improved security, especially for accounts with multiple users or when cell service is unavailable.
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Starting March 1, 2024, sellers don’t need as high of a score to get in. This score, called the Inventory Performance Index (IPI), measures how well sellers manage their inventory. Before, you needed a score of 400, but now 300 is enough. Amazon did this to encourage more sellers to offer new products. They’re also giving sellers a bonus: about 10% back on sales of certain new items. Plus, sellers can now get help with storing and selling their products for longer periods.
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Amazon is rolling out a plan to ship items in their original packaging. Starting February 5, 2024, all third-party sellers in the U.S. and Canada using Amazon’s Fulfillment service can join the “Ships in Product Packaging” program, which sends products in the manufacturer’s packaging, avoiding extra Amazon packaging. Sellers who participate can also get a discount on fulfillment fees.
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I have recently been hearing about Amazon Posts, the new way in 2024 for brand-registered sellers to share unique lifestyle images and product-related content through a feed. This feed is shown on your product detail pages in the “Inspiration from this brand” section. Although the feature was introduced in Dec 2022, it appears to have evolved significantly over the last several months. In June 2023, it was introduced in the Amazon Ads console and now seems fully ready for use.
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Amazon has just released a summary of the 2024 US referral and FBA fee changes. Here is a chronological summary including all the relevant dates and values.
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