Sorted by Tag: Amazon
Why FinTech and eCommerce are the Perfect Match
Financial technology — or FinTech — is an industry that continues to evolve, helping consumers and businesses alike streamline their finances. In the last 10+ years, FinTech solutions have helped eCommerce businesses invest in growth, advance sales, manage business banking, and more.
To help you find the right FinTech solutions for your eCommerce business, we put together the following FinTech guide. It outlines what FinTech is, why it’s helpful, and how you can leverage it to take your online business to the next level.(more…)
How to Sell on Amazon for Beginners Using FBA: A Step by Step Guide
(This post was last published on April 17, 2018. We’ve updated it for accuracy and completeness.)
Amazon is the #1 marketplace in North America. In 2020 alone, Amazon accounted itself accounted for nearly a third of eCommerce in the US.
Most of Amazon’s success is because of their third-party sellers. In fact, around 50% of their sold items are from third-party businesses. And in 2018, nearly three-quarters of Amazon business had between just one and five employees.
The best part? It’s extremely easy to set up an account and sell your first item. I’ve even done it myself.
Follow my step-by-step the process to sell your first items through Amazon FBA.(more…)
Amazon ASIN: What is an ASIN number?
If you want to sell on Amazon, then you have to understand what an ASIN is and how they’re used. These unique product identifiers are part of Amazon’s selling policies and help shoppers find the items they want.
If you don’t use ASINs correctly, you can violate Amazon’s selling terms and even lose your eligibility to sell on the platform!
So, what’s an ASIN number and how do you use it?(more…)
Are Fulfillment by Amazon’s (FBA) Fees Worth the Cost?
(This post was last published on August 19th, 2019. We’ve updated it for accuracy and completeness.)
In 2019, Amazon reported that they delivered an estimated 3.5 billion packages globally. And, they expect to deliver 80% of their own packages by 2021.
In some ways, Amazon has been making more headlines for their renowned fulfillment network over the marketplace itself. They continue to innovate to ensure packages end up on doorsteps as quickly as possible.
As an Amazon seller, you might be asking yourself, “Should I be using FBA?”
This post explains how FBA works and what you need to consider before joining the program. Keep in mind, it’s not always the answer for everyone!(more…)
Amazon Lending and Amazon Lending Alternatives
Disclaimer: This guest post from Payability is meant to inform eCommerce businesses about different financing options. It is not intended to be financial advice. We always suggest that businesses do additional research before deciding on a financing option as there are countless other options available.
When you sell on Amazon, you have the ability to reach millions and millions of consumers. The exposure means you can make A LOT of money, but because of Amazon’s payment delay, you don’t actually get that money for at least two weeks.
It’s no surprise then that Amazon sellers often seek outside financing to help cover these cash flow gaps and make investments in inventory, marketing, and other growth areas.
As you may know from personal experience, getting financing from a bank is not ideal as an Amazon seller. After all, your financing needs are likely immediate — for example, if a supplier offers a flash sale on inventory, you’re going to need funds right away so you can take advantage. With banks, the application process alone can take several weeks. Not to mention, approval rates for small and online businesses are low.
Fortunately, there are other financing options to consider as an Amazon seller. Here, we break down Amazon Lending, Payability, and other alternatives so you can find a solution that will get you the cash you need, when you need it.(more…)