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How to Make Money with Amazon Product Returns!

Product returns on Amazon are an inevitable feature of selling on Amazon. Product returns result in the failure of a successful transactio...

Amazon Product Returns

Product returns on Amazon are an inevitable feature of selling on Amazon. Product returns result in the failure of a successful transaction for an Amazon Seller. Additionally, a seller has experienced product return fraud as well as the added expense of handling the return. Although returned merchandise is a necessary component of selling, many items nevertheless have unrealized potential and can bring in a healthy profit.


We recognize that the Amazon product returns process economics is not a minor issue because on average, 12% of the purchased products are returned. This figure ranges from 12-18% for casual apparel, 15-20% for technological goods, and about 35% for high fashion apparel.


It makes up a sizable subsystem of goods that are travelling against the current. This also signifies that the product returns a significant portion of capital.


The stack of returned goods in your warehouse is typically ignored until you start to run out of room to store fresh goods. If your company manages returns in this manner, you could be losing out on large income that could have been generated from the returned goods.


Not only are you missing out on potential sales from returned goods, but you are also losing money on storage.


How can these returned goods be handled?

·       Don't wait for it to accumulate

We should avoid creating a large pile in the first place in order to deal with the situation. Waiting until your pile becomes larger and more difficult to manage is a grave error. As soon as there is a procedure for returning Amazon products, get them moving. Keep track of the returned goods or take the initiative to assign workers to make sure they move on to the next phase. As soon as they arrive, or at the very least frequently during the day, this should be done.


·       Take off the markings and labels.

Remove the LPN stickers or any other identifying labels that Amazon has marked on the products that have been returned to FBA and are now at your home.


The same may not be required for FBM items because consumers would not be familiar with the labelling. To be on the safe side, though, take away all the markings!


·       Relist the item

When an item is returned in brand-new condition, it should be listed as such on Amazon. However, if the returned goods are used, they must first be checked and graded, which takes time.


if the returned goods have not been tampered with. The main reason why you would have had an Amazon goods return is that the customer changed their mind. Relisting the item on Amazon in this situation is the most practical course of action.


You must make your listings appealing to potential buyers in order to increase sales, and you must work to boost the visibility of your product listings in search results.


·       The market -- perhaps not exclusively Amazon

You are not required to limit your selling to Amazon alone. Product pages with the phrase "Refurbished product" prominently displayed are popular on other e-commerce websites like eBay and Shop Clues. To clear the inventory, returned items with minor damage are mended and sold as refurbished items at a discount. A seller online need not be limited to selling exclusively on Amazon and can think about the alternatives.


·       On other platforms like eBay, the things sell considerably more quickly or competitively, especially if product returns are sold.


·       Dealing directly with buyers rather than through Amazon.


·       You are willing to accept client bids for products, but only at a price that is lower than what was originally charged.


·       The returned item cannot be described as new, yet the Amazon category only accepts brand-new items in categories like health and beauty.


Exercise of other possibilities wouldn't be difficult if you were shipping directly to customers, but if you were an Amazon FBA seller, you would need to make procedural modifications. The best course of action is to return to Amazon if you don't feel inspired to do the same.


What about Amazon's return policy for products that can't be fixed because of damage?

Challenges for retailers include perishable goods that have expired, missing parts, broken packaging, and defective products. If a product is broken, you can either ship it back to the manufacturer, who might try to salvage replacement parts while shredding the rest of the product. You might also take action on your own! Sellers frequently mark down the prices of goods or the components of goods to sell them in the neighborhood market. This is quite similar to the reconditioned sale, with the exception that it is taking place from the retailer's end rather than the manufacturer's.


There is yet more item you might think about given the time and work that goes into remarketing returned goods. Hire somebody to handle product returns. You might also hire a service provider with expertise in Amazon reverse logistics to handle your Amazon goods returns.


Your company doesn't have to suffer because of Amazon product returns. By putting these tactics into practice, you can turn product returns into a chance for profit and keep your consumers happy. You can maximize the value of your returned goods, minimize losses, and improve your bottom line with the help of an effective returns management system, thorough inspection, and innovative resale methods.


 Read More:

Pro Tips For New Product Launch For Amazon Sellers

Top 5 Strategies for Amazon Sponsored Product Ads in 2023

A Comprehensive Guide to Enhancing Your Amazon Order Defect Rate (ODR)




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