Here are my Amazon FBA-related news and updates for January 2023.
Amazon’s Black Friday Numbers
Amazon reported one of the biggest Black Friday events in the company’s history. Here’s a quick recap of their 2023 Black Friday event, which took place between November 17th and the 27th.
Sources: About Amazon
How Do I Deal With Rising Amazon Fees?
Amazon recently announced a series of fee changes for 2024: Here are the main takeaways as I see them.
- Amazon is charging more for poorly managed inventory
- They’re slightly reducing fees around peak fulfillment season (October-January)
- Amazon will reward sellers that use its supply chain network
Seller Central Account holders can find a detailed breakdown here.
This is nothing new: Amazon’s been raising fees yearly since I began selling, and I will continue to do so. Here’s how I’ll stay ahead of fees in 2024 and beyond.
- Focus on building a brand and increasing brand exposure
- Continue exploring options for multi-channel fulfillment (Such as Shopify)
- Experiment with Social Shopping like Tik Tok Shop and Amazon Live
- Regularly review product costs and margins (especially as fee changes begin kicking in this spring.)
The Future of E-Commerce?
Source: U.S. Census Bureau November 2023
U.S. e-commerce retail sales have continued to increase steadily in the past year. And worldwide e-commerce sales are expected to skyrocket for the foreseeable future. Furthermore, Amazon’s stock has seen impressive gains in 2023, surging over 75%.
This is great news for Amazon sellers. But because the e-commerce space is constantly changing, here are some difficult-to-ignore trends moving into 2024:
- Social shopping is expected to dominate e-commerce in 2024
- Consumers are trending towards eco-friendly and sustainable products and packaging
- Augment Reality (AR) will play an increasingly larger role in a customer’s shopping experiences
Amazon Wealth Accelerator Wins
Several clients in my mentorship program met their sales goals in Q4. Here are a few of the highlights:
Congrats to Mustafa for Hitting $30,000 in Amazon FBA Sales!
How Do I Get Started Selling an Amazon Product?
My Amazon Wealth Accelerator (AWA) mentorship guides you through the entire Amazon FBA process and provides a community of support with others on the same journey.
You’ll get hands-on support from experienced Amazon sellers.
AWA gives you a much-needed safeguard from costly mistakes, dead ends, and failed product investments to efficiently reach your passive income goals.
So whether it’s solving issues with your Seller Central account, creative approaches to product research, scaling to new markets and niches, validating product ideas, customer service issues, and more, we’ve got you covered.
Learn more about it here.
