We're into the the 4th quarter of 2021 which has been a crazy year!
There are so many issues we could cover, but here are a few highlights to note:
There are so many issues we could cover, but here are a few highlights to note:
- 2021 Amazon Expo Seller Boot Camp
- 10% Off Amazon Images, Graphic Design and Product Videos
- Amazon Payment Service Providers
- Insurance for Amazon Sellers
- Accounts and Bookkeeping
1. 2021 Amazon Expo Seller Boot Camp
Amazon is hosting a 3 day online event from 11 - 13 Oct 2021.
You can scroll through the images below to view the agenda and details.
I've been invited by Amazon to speak at the event.
Check out the infographic image by Amazon in the 5th image below!
Registration is free.
You can scroll through the images below to view the agenda and details.
I've been invited by Amazon to speak at the event.
Check out the infographic image by Amazon in the 5th image below!
Registration is free.
2. 10% Off Amazon Images, Graphic Design and Product Videos
GS1 Singapore's DNA Hub is offering 10% off their Amazon image and video services till 31st Dec 2021.
Click here to find out more and get a quote.
To get 10% off, use promo code: AMZ10_Oct21
Click here to find out more and get a quote.
To get 10% off, use promo code: AMZ10_Oct21
3. Amazon Payment Service Providers
I have used many Payment Service Providers (PSP) including Payoneer, WorldFirst, Wise (formerly TransferWise), OFX and most recently AirWallex; so I'm quite familiar with their pros and cons.
I stopped using Payoneer, WorldFirst and Wise for various reasons, which you can read about on my page about Amazon Payment Service Providers.
I have been using OFX since earlier this year and been happy with it. More recently I've started using Airwallex as they have some advantageous features that OFX lacks.
I'll be updating my PSP comparison page soon, but in the meantime, if you'd like to take advantage of a 0.3% FX spread with:
I stopped using Payoneer, WorldFirst and Wise for various reasons, which you can read about on my page about Amazon Payment Service Providers.
I have been using OFX since earlier this year and been happy with it. More recently I've started using Airwallex as they have some advantageous features that OFX lacks.
I'll be updating my PSP comparison page soon, but in the meantime, if you'd like to take advantage of a 0.3% FX spread with:
- SWIFT fees only with zero margin costs on USD to USD transfers (useful for paying your suppliers in USD from your Amazon payout balance)
- Fee free virtual Visa cards (available for Australian businesses and expected availability in early 2022 for Singapore)
- Payment processing for your website (currently available for WooCommerce and Magento) at lower fees compared to Stripe and PayPal.
- A special offer of $0 fees and 0% margin on your first $20,000 AUD in FX conversions (or equivalent)
4. Insurance for Amazon Sellers
Amazon.com has started enforcing the requirement for sellers who sell over USD10,000 a month to upload their Certificate of Insurance.
I have a page with more info and links to 3 providers of insurance for Amazon sellers.
I have a page with more info and links to 3 providers of insurance for Amazon sellers.
5. Accounts and Bookkeeping
While many sellers might start out small, it is important to keep proper accounts. The tax authorities can conduct a random audit of anyone at any time, and if you have not done accurate and proper bookkeeping, this can lead to a lot of stress and headaches.
As soon as possible, I would encourage you to use an accounting service.
Sleek is an official sponsors for the Amazon Expo. I use Sleek for my Singapore company compliance (tax computation, tax filing, AGM minutes and submission, etc.). Since I'm "stuck" overseas due to Covid-19, I also apprciate their mailroom service where I use their address as my company's registered and mailing address. Any mail I received is then scanned and available online in my Sleek account. You can find out more at Sleek.com.
Don't forget to get $100 off their fees by using referral code: REFEGMT
As soon as possible, I would encourage you to use an accounting service.
Sleek is an official sponsors for the Amazon Expo. I use Sleek for my Singapore company compliance (tax computation, tax filing, AGM minutes and submission, etc.). Since I'm "stuck" overseas due to Covid-19, I also apprciate their mailroom service where I use their address as my company's registered and mailing address. Any mail I received is then scanned and available online in my Sleek account. You can find out more at Sleek.com.
Don't forget to get $100 off their fees by using referral code: REFEGMT
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