If you’re an eBay or Amazon seller who has just recently started importing from China, you know there are LOTS of things to learn! You need to know everything from how to filter out scams on sites like Alibaba to the best ways to order product samples, as well as all kinds of specific, previously unknown business terms and abbreviations.
And it’s not like you can just ignore these new terms and abbreviations. Having your price or shipping terms wrong can turn your first order into a massive disaster! You can easily incur unexpected charges that you never accounted for, which can totally ruin your projected margins and chances of being profitable on eBay or Amazon.
CNF, CIF, DDP, FOB, Ex-Works—what do they all mean? And, most importantly, which of these shipping methods is the most cost-effective? Which one is the best for your situation?
Let’s talk about trademarks. If you’re selling on Amazon UK, or if you hope to start selling in the near future and are currently in the planning stage, you need to understand WHY getting a trademark for your brand is so important and WHEN is the best time to do it.
First of all, why have trademarks become so important for Amazon FBA sellers? The reason is very simple: you can only get into Amazon’s Brand Registry when you have a REGISTERED trademark.
The Brand Registry opens up additional seller tools, such as:
Dedicated 24/7 support on IP infringement cases
Sponsored Brand ads
Amazon Early Reviewer program
It’s obvious that sellers who are part of Amazon’s Brand Registry have a MASSIVE advantage over sellers who are not. Take the A+ content as an example. It allows you to create visually rich product descriptions by putting images and other visuals directly into your product description.
On mobile devices, these listings look even better because A+ content is shown by default directly on the listing page, whereas you have to click an additional button to access “normal” descriptions (which often look too plain and boring for buyers to read).
And, more specifically, what type of business you need to open an account, which type is best (sole trader or limited company) and how to make sure you don’t make a costly mistake by OVERPAYING tax on your Amazon profits!
You will need to decide which business type you will use from DAY ONE, as Amazon will ask you to select the corresponding business type on the account registration form. This is the first place where people make a mistake that causes problems later on with account verification, which can even result in an account suspension.
For those of you just starting a business on Amazon UK, there are two main business types to choose from:
“Alibaba is a SCAM” – you’ll find this written everywhere online! The truth is, yes, it is possible that you may get scammed on Alibaba.com IF you don’t know what you’re doing. However, with the information you learn in this blog post, the chances of you getting scammed on Alibaba will be very slim.
Just to be clear: Alibaba itself is not a scam. In fact, it’s one of the largest companies in the world, with a market value of tens of billions of dollars. Alibaba.com is simply a platform where buyers and sellers meet. Yes, there are some scammers on Alibaba, just like any other online platform, but that doesn’t mean Alibaba itself is a scam. By that logic, you can say that eBay, Amazon and Gumtree are scams because you can find MANY unscrupulous businesses on those websites, too.
The biggest problem that this “Alibaba scam” myth creates is that it makes people who are new to importing too afraid to even start their research process. They have that one line repeating in their minds “Alibaba is a scam, Alibaba is a scam, Alibaba is a scam….” and that’s why, with today’s blog post, I want to clear the air once and for all. I will give you a step-by-step filtering system that you can use to avoid 99% of scams on Alibaba and unlock the potential of one of the world’s biggest online marketplaces.
Today, we’ll take a look at a very common question that many newbie Amazon sellers ask, which is “how can I make sure Amazon won’t suspend my seller account?!”
It does sound like a counterintuitive thing for someone who is just starting out and hasn’t even sold anything yet to ask, but I get it! People are scared of all the horror stories about suspended accounts from Amazon’s seller central forums and are genuinely sensitive about this topic. No one wants to make any mistakes that could potentially lead to an account suspension.
My first piece of advice is to spend LESS time on the Amazon seller forums!
No, seriously, do not spend hours each day reading the Amazon seller forums. They’re full of NEGATIVITY! You have to understand that people only use these forums when they’re in trouble and are seeking help. This makes it look like every other seller out there has their account suspended by Amazon—which is simply NOT TRUE!
I’m super happy and excited to be back online and resuming my weekly blog posts after the summer break. I had a very restful break over the last two months, so I’m now full of energy and ready to continue bringing valuable information to new and existing Amazon sellers throughout the year via my blog posts and videos.
My plan for this “season” is to revert back to my posting schedule of two blog posts a week: Monday and Thursday!
Two posts a week is A LOT, but I really hope I can do it. Last year, I was very lazy with blog posts (for various reasons), so there’s TONS of stuff that still needs to be covered. Plus, I want to update my most popular posts on the blog so that you have access to the most up-to-date information.
I will also provide shorter, more unique content throughout the week via my Facebook page and Amazon Sharks Facebook group. If you haven’t done so already, make sure to follow me there and join the group. On the group, you will find hundreds of inspiring Amazon sellers helping each other out on a daily basis.
DDP: Delivered Duty Paid! It sounds like a dream come true for so many Amazon sellers importing products from China! Isn’t it great that you can pay a slightly higher price for the product and get it delivered to you with all taxes already paid for? Perfect! Or… is it?
I’m afraid that when it comes to offers like these, we always come back to the age-old truth that if it looks too good to be true, it probably is. And DDP is no exception.
If you’re importing goods from China using Alibaba.com to sell on Amazon, eBay or anywhere else, you should read this article very carefully, because the chances are you’re currently breaching the law and could be facing severe problems due to tax evasion.
Sounds terrifying? I agree. So, let’s clear the air once and for all and learn about DDP Incoterms and how you CAN and CAN’T use it in your importing business.
It’s time for a money saving tip—who doesn’t like that, right?! 🙂 No, seriously, with the information I will share with you in this post, you can save hundreds or even thousands of pounds per month on your Amazon ad spend, depending on how big your business is.
I’m talking about AD SCHEDULING! So far, I have found this to be the most effective way to save on Amazon PPC costs. Previously, I was doing my ads manually, but now, with the help of Sellics’ new ad scheduling feature, I can fully automate the entire process.
Before we dive into the details of how it all works, we first need to understand what ad scheduling is and why it is important for your Amazon business. Without further ado, let’s get started!
Why should you schedule your Amazon ads?
For those of you who are new to selling on Amazon, this all might sound a bit strange, but for anyone who is already selling on Amazon AND spending money on ads, scheduling will make a lot of sense. And here’s why.
Let’s talk taxes. Yes, I know, I know! One of the most popular topics of all time, especially when it comes to Amazon and VAT. As much as I would like to not think about it and go into the head-in-sand mode, the reality is that we simply can’t avoid the issue of tax. Moreover, with the recent changes in how Germany handles VAT, we now have no choice but to face the issue head-on and find an effective solution.
I have already created a very detailed post about VAT for Amazon sellers, and it has quickly become one of the most popular posts on the blog. I have covered the basics of how VAT works in that post, so I won’t repeat that information here today.
This particular article is all about the newly created VAT situation in Germany, how it will affect Amazon sellers (especially those of us based on the UK), and what you need to do to stay compliant and not lose your seller account.
Just a quick disclaimer before we move forward:
I’m not a tax advisor, accountant or international law specialist. Everything I write in this post is purely my own observations and nothing more. DO NOT use this as legal advice under any circumstances! If you feel that you’re not comfortable with this information, seek legal advice.
In this blog post, I’m going to share exactly how I launched a brand-new product on Amazon UK and made more than £320,000 in sales in the first 18 months, which resulted in a NET profit of more than £85,000!
More importantly, I will show you HOW YOU can do the very same! Yes, you can start a successful, fully automated Amazon FBA business and make £2000, £3000 or more per month to replace your salary, finally quit your day job, and take back control of your life!
No, I’m not claiming to be making hundreds of thousands or millions of pounds, unlike so many self-proclaimed “gurus” on YouTube with their photoshopped screenshots! I’m talking about real money and real profit. In fact, to be completely transparent and open with you, I’m going to take you live into my account right now to show you the real numbers:
This is the Amazon account I created for this new product. As you can see, there are no sales for it prior to September 2017.
Over the last 18 months, I have sold more than 32,000 units of the product and made more than £320,000 in sales! This is from selling just one product in one niche with multiple variations.
Sure, those are only sales—what about expenses like Amazon fees, FBA fees and others?