TAKE ACTION – THE STORAGE FEE NIGHTMARE IS IN 8 WEEKS!
Did you send inventory to Amazon before 15th February 2018 and it still hasn’t sold? Or worse still, did you send them inventory before 15th August 2017? If so you need to take action!
This is a stark reminder that inventory items in Amazon fulfilment centres will be incurring long term storage fees in 8 weeks’ time (15th August 2018) if they arrived at any time before 15th February this year, and are yet to be sold. Not only will there be the long-term storage fees, but these are in addition to the regular Inventory Storage Fee. For every assessed cubic foot of space taken by your products, the fee will be £12.50 or £25.00 dependent on the time period – 6 or 12 months respectively. Calculate into cubic metres and that’s over £441 and £882 per cubic metre (approximately a pallet). This will have a huge detrimental effect on your profit margin.
So, what can be done to avoid the long-term storage fees?
There are two options, and both need to take place within the next 8 weeks, i.e. before 15th August!
Firstly, you can drive the sales of your products. Review your product listings, keywords, and ads. You can even market them as being on sale and be competitive. Customers love a bargain!
Secondly, you can generate a removal order, and remove or dispose of the items prior to the fees being charged.
One way or another, if you are struggling with your FBA inventory and potential long term storage fees, then your inventory needs to move, whether in terms of sales or storage. Both options obviously incur a cost, but at a fraction of Amazon’s fees for holding your products. E-commerce Direct can help in both scenarios, so get in touch today at email@example.com or call our UK office +44 (0) 2381 920 246, or if you are based in the US, call toll free ++1 (888) 567-0464.