Amazon FBA Reimbursements
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.
Other Amazon and Business Developments
- 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.