As summer sizzles, so does the ever-evolving landscape of Amazon. Staying ahead in the eCommerce game means keeping a close eye on the latest updates and trends. This month, we’ll explore important changes, from new listing requirements to essential insights on VAT adjustments.
Let’s jump in and discover the key highlights that will shape your Amazon strategy this August!
📰 News and Updates
- Updated bullet point requirements for product listings.
Starting August 15, Amazon’s new bullet point rules will require sellers to enhance clarity and compliance for better visibility and conversions.
- VAT on Amazon fees for UK and EU sellers.
As of August 1, Amazon’s VAT changes will impact fees. Sellers will need to adjust pricing strategies to cover these increased costs.
- Amazon safeguards sellers from CrowdStrike IT outage fallout.
Amazon protects sellers from the CrowdStrike outage, ensuring account health. Appeal any issues due to the outage here.
- Amazon’s disappointing Q2 2024 results.
Amazon’s Q2 2024 earnings missed expectations, triggering declines in the stock price. Sellers should monitor financial health for future strategy adjustments.
💡 Insightful Reads
Articles
- Master Amazon Business pricing with these proven strategies.
Discover expert tips on optimising B2B pricing to boost sales and stay competitive on Amazon’s dynamic marketplace.
Reports
- Recapping 2024 Prime Day success: key insights for Amazon sellers.
Amazon’s Prime Day saw a surge in customer support needs. Sellers can boost their game with these essential tips for smoother operations and increased sales.
Books
- Amazon selling blueprint: how to find and launch your first private-label product on Amazon in 90 days or less.
This comprehensive book provides aspiring sellers with essential strategies and real-life insights to launch a profitable private-label product in just 90 days.
🎥 Must-Watch Videos
- Enhance your listings with A+ Content.
Unlock the secrets of A+ Content to boost your Amazon sales and create compelling listings that captivate buyers.
- Spotting 2024 trends for Amazon FBA success.
Learn how to identify and leverage upcoming product trends to boost your Amazon FBA business in 2024.
🎙️ Podcast Picks
- Andrew Tookey unveils Amazon’s hidden strategies.
Discover actionable insights from this ex-Amazon executive to leverage Amazon advertising, analytics, and SEO to outshine competitors and drive growth.
- Unlock Amazon success with Eric Castellano’s expert tips.
Eric Castellano from AmazonLit reveals top strategies for brand partnerships and scaling your Amazon business. Don’t miss these essential insights!
💬 The Word of the Week
Amazon Glossary.
Dynamic Pricing (noun)
Dynamic pricing is a strategy where businesses adjust prices in real-time based on demand, supply, customer behaviour, and other market conditions to maximise revenue.
Source: Cambridge Dictionary.
📈 What’s Trending?
- Shoppers distracted by global events impacting sales.
Amazon CFO recently cited global events like the Trump assassination attempt and the Olympics as factors contributing to weaker sales forecasts. Sellers should consider external factors when planning inventory and marketing strategies.
- Amazon’s growing role in regulating seller compliance.
The CPSC’s ruling on hazardous products has sparked discussions about Amazon’s evolving role in enforcing seller compliance. This trend highlights the increasing importance of product safety and legal responsibility for sellers.
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Whenever you are ready
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Happy selling!
