Let’s say you are an Amazon seller who successfully operates on this platform. Suddenly, out of the blue, you face an issue such as remaining inventory. In this case, you have to do your best in order to get rid of these products ASAP. This situation gets especially serious in cases when you are an FBA seller. That’s because Amazon charges fees for storing your goods; hence, you have to expedite this process in order to avoid paying additional fees.
Today, we are going to bring to your attention several useful tips which will help you deal with remaining inventory issues.
Generally, there are different ways that will help you solve remaining stock issues. In most cases, it depends on your unique situation; however, there are several useful methods which will help you solve this issue within a few days.
List Your Products on Amazon Outlet!
Amazon Outlet is one of the most common methods for getting rid of remaining inventory. Amazon’s customers are fond of Amazon Outlet, since they can always find high-quality products at a very attractive cost. If you intend to implement this option, all you need to do is go to your Inventory menu, select inventory planning, and create an Outlet deal. It is also wise to mention that this option is completely free; however, you still have to take care of the fulfilment process. Keep in mind that if you want to use advantages provided by Amazon Outlet, you have to meet the following requirements:
- Having a Professional Selling Plan
- Maintaining Seller Rating at Least 3.5 Stars
- Storing Your Inventory in Amazon FBA for at Least 90 days
- Maintaining More than 10 Units in Stock
- Having Solid Sales History in Place
- You Can Not be Involved in Other in Other Types of Promotions
- Your Product Must be in New Condition
Sell to Your Competitors!
If you do not plan to sell these products through your platform anymore, you can easily sell them to your competitors. In this case, you have to contact those sellers who sell the same items, and offer them to buy your goods.
Sell Your Goods on Other Platforms!
Nowadays, there are lots of platforms through which you can easily sell products which are not demanded among Amazon’s customers. For example, eBay is the best option for selling liquidation products, since the process of selling through this platform is quite simple and eBay does not create high barriers to enter its market.
Use Amazon Vine
Amazon Vine is a special product review program, with the main goal of receiving free products in exchange of a review. By using this option, you have to provide Amazon with 30 units of your products for Vine members. If you think that your products still have any chance of being sold on Amazon, then Amazon Vine is what you really need. That’s because it can drastically boost your sales and increase the visibility of your products.
Donate Your Goods to Charity Organizations!
By donating your remaining goods, you can enjoy two different opportunities at the same time. On one hand, you will solve the remaining stock issue, on the other hand, you will help people in need. Additionally, you can deduct that donation and enjoy tax benefits when it comes to your tax return. You can contact our partners from Prestige Auditors and they will provide you with the necessary information concerning taxes.
Create a Bulk SKU
Another option which will help you solve issues with remaining inventory is starting to conquer Amazon’s huge marketplace. All you are required to do is to create a bulk Amazon listing and mark it as merchant-fulfilled. Try to make sure that you use the word “Bulk” in your product title in order to avoid possible issues.
As you can see, there are lots of liquidation plans which can help you solve the remaining stock issues. All you need to do is choose the best one which suits your unique situation more.
But if you want to avoid similar situations in advance, you can contact Oceanic Zoo and we will help you start selling on Amazon in the best possible way. Our team provides the following services:
- Amazon Coupons & Deals
- Amazon Advertising
- Amazon Listing Optimization
- How To get approved to Sell on Walmart
- Walmart Marketplace Optimization
- Walmart Advertising
- How to Launch a Product on Amazon
- Social Media Influencer Marketing
- Social Media Advertising
- Google SEO
- Google Advertisement
You can go through our website, where you can find more information concerning services provided by our team. Reach out to us and you will have a successful and profitable business at the same time.