This is a guest post from Riverbend Consulting. Interest rates hit their highest level in 22 years this past week. Inflation, and the economy in general, is swirling with uncertainty. What are e-commerce businesses and Amazon sellers to do? While your individual business can’t singlehandedly boost the gross domestic product (GDP) or decrease the Federal…
Right now in the e-commerce sphere, there’s something akin to a modern gold rush happening, and it’s being fueled by Amazon aggregators. “This is the largest movement you will see in the next two years,” said Steven Pope, founder of My Amazon Guy. “I’m very bullish. I believe we’re going to see massive amounts…
You’ve found a great product, done all the research, determined that you have a hot seller with little or no competition, and finally sent in your order. As your inventory begins to land in Amazon’s warehouses, you start to notice something peculiar…your inventory isn’t selling, and competitors are dropping their prices precipitously. Just a few…
If you run an e-commerce business, you have the opportunity to sell to anyone anywhere in the world! And yet, despite this tremendous advantage, many online sellers steer away from the global market due to the complex nature of foreign transactions and all the fees that come with it. But what if we told you…
If you’re reading this article, chances are you’re one of thousands of Amazon sellers who are now required to carry insurance per the company’s new policy. And if you find yourself wondering if it really matters which provider you pick, we’re here to tell you that it does. Much like car insurance, product liability insurance…
If you’re an Amazon seller who has managed to skate by without product liability insurance, that may not be the case for much longer. Last month, Amazon announced a new policy requiring sellers who have made at least $10k in sales for any given month to carry product liability insurance. The new policy, which…
The explosion of the e-commerce industry in recent years has given rise to a number of Amazon agencies that claim to help sellers grow their online businesses. But is there any merit to this claim? To find out, we spoke to Chris Yeakey, founder of Black Caiman Media, a full-service Amazon agency and consultancy. His…
With lots of money pouring into the Amazon FBA market, more and more sellers are thinking about selling their business. If you’re also eyeing your big payday, follow these steps for a hassle-free exit and to guarantee that your business fetches the highest possible selling price. 1. Get Your Trademark Registration, IP Rights, &…
Can you imagine overpaying on Amazon sales tax to the tune of $500,000? As crazy as it sounds, it actually happened. And we know because we were the ones who caught the mistake! This particular seller—who was NOT a tax client of ours during this time period—had fallen behind on their bookkeeping and hired…
Did you know that 92.4% of consumers are more likely to purchase a product if they can read a credible review of it first? It’s statistics like these that illustrate just how important product reviews are. And yet, customer reviews are not easy to obtain—particularly for Amazon sellers. According to LandingCube.com, the average review rate…