August brought a series of pivotal changes for Amazon sellers that could significantly impact your business. Amazon tested hiding star ratings, introduced enticing FBA discounts in Poland, and addressed the growing challenge of fake reviews with new FTC regulations. From new EU safety rules and reduced holiday fees to insights into evolving consumer habits, there’s a lot to digest. As you prepare for the busy holiday season and refine your strategies, we’ve sifted through the noise to bring you the most relevant curated updates, insightful reads, and essential resources to help you make the most of these evolving opportunities.
Let’s jump right in!
📰 News & Updates
- New EU safety rules coming in December.
If you sell non-food items in the EU, brace yourself for the new General Product Safety Regulation (GPSR) rules starting December 2024. Now’s the time to make sure your listings comply.
- VAT changes Impacting UK and EU sellers.
Amazon’s VAT adjustments took effect on August 1, meaning sellers in the UK and EU may need to revisit their pricing strategies to cover these increased costs.
- Amazon’s Q2 2024 results miss the mark.
Amazon’s earnings for Q2 fell short of expectations, causing a drop in stock prices. Sellers should keep an eye on the company’s financial health as they plan future strategies.
💡 Insightful Reads
Articles
- The hidden importance of Marketplace SLAs.
Service Level Agreements (SLAs) might seem tedious, but they play a critical role in maintaining your ratings on Amazon. Consistently meeting these standards can directly impact your visibility and sales.
- Rufus: a new tool for sellers.
Rufus is enhancing product discovery for shoppers, and sellers should know how to leverage this AI tool to boost visibility and customer interactions.
- The dangers of fake reviews.
Fake reviews might seem like a quick win, but they can jeopardise your business. Learn why building trust through genuine feedback is essential for long-term success.
Guides
Reports
- Prime Day 2024 unveils shifting consumer habits.
The latest Facteus report highlights shifting trends and cautious spending during the Prime Day, 2024. Discover the latest data on how inflation and evolving shopper behaviours are reshaping retail dynamics.
Books
🎥 Must-Watch Videos
- Buying & transferring Amazon accounts in 2024.
Buying an Amazon brand can fast-track your success, but it comes with risks. This video offers a step-by-step guide on how to purchase and transfer an Amazon account, highlighting the key pitfalls to avoid.
🎙️ Podcast Picks
- Financial tips for Amazon sellers.
Experts Ellen Main and Iona Bird share insights on managing your Amazon financials more efficiently, helping you avoid costly mistakes.
- Catch up on Amazon’s latest updates.
The Amazon Seller School podcast covers the latest news, from the FTC’s fake review ban to Jeff Bezos’ predictions. Don’t miss these crucial updates. - Building loyal customers on Amazon.
Rachel Greer offers valuable strategies for creating a loyal customer base using Amazon tools, storefronts and live streaming. - Wholesale vs. online arbitrage.
Warner Fields breaks down the pros and cons of wholesale versus online arbitrage, helping you decide which strategy suits your business best. - Mastering Amazon ads with key metrics.
Michael Erickson Facchin dives into essential metrics like ROAS and CPC, providing actionable tips to help you optimise your Amazon advertising strategy. - Amazon’s factory direct sales shake-up.
Join Lunch with Norm as they discuss Amazon’s new factory-direct sales model and how sellers can adapt to this significant shift in the eCommerce landscape. - Inside Amazon’s hidden strategies.
Former Amazon executive Andrew Tookey reveals strategies for leveraging Amazon advertising, analytics, and SEO to outshine your competitors. - Expert tips from Eric Castellano.
Eric Castellano from AmazonLit shares top tips for building brand partnerships and scaling your Amazon business. Tune in to learn from one of the best in the industry.
Whenever you are ready
Ready to simplify your Amazon pricing? Let Repricer.com take the hassle off your plate, so you can focus on what really matters—growing your business. Start your free trial today and experience the ease of automated pricing!
For more Amazon tips and updates, follow us on social media. Stay connected with fellow sellers and get the latest insights tailored just for you!
