Long Term Storage Fees are Coming & Free 30-Minute Coaching [Episode 25]
Host & Speaker: Fred McKinnon
Topic: Fred discusses the upcoming Long Term Storage Fees, changes in Amazon’s Multi-Channel Fulfillment fees, and the new liquidation options.
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In this episode we’re talking about the upcoming Amazon Long Term Storage Fees. They are going to hit you on August 15, 2017 for any inventory that you’ve had in Amazon’s warehouses for 6+ months.
As of July 1, 2017, your aged units of inventory in our fulfillment centers will subject to the following fees, unless you submit a Removal Order request (or they sell) before August 15, 2017:
- $11.25 USD/cubic foot (six to 12 months)
- $22.50 USD/cubic foot (more than 12 months)
We recommend going to Amazon Seller Central > Inventory > Inventory Planning and reviewing your aged inventory. You can also see “Recommended Removal” reports in the Reports > Fulfillment area.
One new option for getting rid of excess inventory is Amazon’s new “LBA” or “Liquidation by Amazon”. Amazon will liquidate your inventory for you and pay you 90% of the proceeds. However, be advised that the typical liquidation price is around 10% of the “average selling price”.
As you have heard, I am offering professional e-commerce coaching. As a fun contest I’d like to offer one free 30-minute coaching session. To enter the contest, send a text message to “44-222” with the word: EBOCOACH.
Lastly, send Fred an email and let him know where you’re listening from. fred @ e-businessonline.com.
Download the show notes.
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