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jasontayonline Blog

Chapter 12: Amazon Might Owe You Money!

19/7/2016

1 Comment

 

Amazon FBA Reimbursements

Do you sell on Amazon using FBA? Then there's a very high chance that Amazon owes you money! While Amazon is supposed to process reimbursements automatically, in actuality, a lot is missed...unless you check it yourself and bring it to their attention.

Earlier this year, I went through a couple of reimbursement guides, followed their step-by-step reimbursement instructions and within a few days received reimbursements of $2191.73.

This was for inventory that was damaged, lost or destroyed by Amazon in their warehouses. I would not have gotten my money back for these products if I had not found the data (which is buried deep in Amazon Seller Central), processed it  in a spreadsheet and then sent the info to Amazon Seller Support to ask for reimbursements.
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Click here to read my review of the guide that I used to get my FBA reimbursements.

Other Amazon and Business Developments

In the last 3 months I've maintained my Amazon sales while focusing most of my time and efforts developing income streams outside of Amazon. Some main points:

Amazon
  • For the most part I spend about 2-3 hours a week simply looking at my business reports (Reports>Business Reports>Detail Page Sales and Traffic by Child Item - then sort descending Ordered Product Sales) and reorder enough stock for the next month.
  • I know I said I only maintained! But I did add 10 new SKUs (aka product listings) on Amazon, which was not much work! These were either variations of existing products or new bundles based on products I am already selling. I created these new listings and run Amazon Pay Per Click Ad Campaigns for many of them using the methods explained by Brett Bartlett in Proven Performance Inventory.

Other Business Developments
  • I attended an SEO course in April which led to hiring several writer on Upwork to write content, redesigning my Singapore-based e-commmerce site, and more importantly restructuring the internal links structure, on-page formatting and setting up a social media SOP. The results have been positive so far with one #1 ranking, two #3 rankings, several other page 1 rankings, and many new keywords that started to appear in the top 30-100 of Google search rankings. Sales for July are on track to far surpass (perhaps double) that of March.
  • Hired 3 people part-time. One is a widow with only a Primary 6 (elementary school) education with a 12 year old child, and 2 are unmarried single moms with very young children. I might not be paying them much (yet), but it's a start and they are happy for the opportunity to earn some extra income.
  • Spoke at FaceBook's Asia headquarters for FaceBook Global Causes Day. I was invited because one of the brands I created caught their attention for helping to set trafficked women free and working with them to build a sustainable business.
  • Paid $1000 to exhibit at a tradeshow at the Marina Bay Sands in Singapore! That's exciting because it's turning the tables from sourcing for inventory to becoming a seller/distributor! I've essentially taken the strategies I learned from the Proven Amazon Course - created a product to sell on Amazon, tried cross selling it on other channels and that has grown into a couple of brands that are gaining increasing market recognition outside of Amazon.
That's it for this update. I have 3 new SKUs hitting Amazon in a few days and more reimbursements to process!
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  • About
  • Amazon FBA Guide
    • How to Register an Amazon Seller Account
    • Amazon FBA 101
    • Amazon Professional vs Individual Selling Plans
    • How to Sell On Amazon From Outside the US
    • Amazon FBA Prep Companies
    • Best Tools for Amazon Sellers
    • Code Confusion - Understanding GTIN, UPC and Amazon Barcodes
    • Amazon FBA Fees Explained
    • Amazon Coupons vs Prime Exclusive Discounts
    • How to Create Amazon Coupons
    • How to Increase Amazon Sales - Traffic, Click-throughs and Conversions
    • Optimizing FBA Inbound Shipping
    • Product Images and Photography
    • Amazon and Taxes - Income Tax, Sales Tax, and VAT
    • Amazon PPC Advertising
    • Insurance for Amazon Sellers
    • Amazon Seller FAQ
  • Reviews
    • Payoneer vs WorldFirst vs TransferWise vs OFX vs Airwallex
    • Helium 10 Review and Discount Codes
    • Proven Amazon Course Review
    • Amazing Selling Machine Review
    • Amazon Advantage Review - How to Optimize Copywriting for Amazon Listings
    • Amazon FBA Reimbursement Guide Review
    • Rebate Programs
  • Training
    • Amazon Seller Live Training
  • Blog
  • Newsletters
  • Q&A