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In the world of e-commerce, Amazon is a remarkable platform for entrepreneurs and businesses to thrive. However, with great opportunities come great risks, and the fear of getting an amazon suspended seller account is a seller's worst nightmare. Imagine waking up one day to find that your hard-earned business has been shut down, leaving you in panic and uncertainty. Sellers must understand and implement effective Read More
Complete Amazon Verification to Comply with the INFORM Act
Amazon is one of the biggest online marketplaces in the world, and it is constantly working to ensure that its platform is safe and secure for buyers and sellers. To this end, Amazon is requesting verification for specific information related to Amazon Seller Accounts due to the new US federal law, the INFORM Consumers Act, which takes effect on June 27, 2023. Background Starting June 27, 2023, the FTC and states Read More
How to Read a Profit & Loss Statement as an Amazon Seller
Understanding the Income Statement for Amazon Sellers is crucial. This article will discuss the importance of having a financial team, understanding financial reports, and how to use them to make informed business decisions. We will also provide a basic understanding of financial reports for Amazon sellers. Importance of a Financial Team As an Amazon seller, having a financial team to handle bookkeeping, tax Read More
Saying Goodbye to Amazon: Tips for Successfully Closing Your Seller Account
Parting ways with Amazon can be complex, especially if you have been a seller on their platform for a while. However, there are situations where closing your seller account is the best choice, and that is why we give you a guide on how to close your amazon seller account properly. You may shift to a new business model or focus on another marketplace. Whatever your reasons, closing your Amazon seller account can be a Read More
Seller’s Guide to Amazon’s Complex Accounting Rules
For Amazon sellers, tackling the intricate accounting rules can seem daunting. However, mastering these regulations, effectively managing inventory, and skillfully handling finances is essential for success. Our comprehensive guide for Amazon Seller accounting provides accounting policy fundamentals, including calculating profits and adhering to tax laws. Whether you are a novice or a seasoned seller, this guide will Read More
A Comprehensive Guide to Understanding Amazon ASIN
If you're new to selling on Amazon, the company's persnickety requirements can be overwhelming. Amazon's terms can seem overboard if you've used other platforms to sell online. But there's a good reason they're the world's top retail platform, and its terms are part of the magic. As part of its system, Amazon assigns unique inventory numbers to every item, called an ASIN. You may wonder what an ASIN is, but it Read More
Amazon Seller’s Guide to Copyrights and IP Law
As an Amazon seller, you should know about the four branches of intellectual property. They are: Trademarks: includes brand names, logos, slogans Copyrights: includes artistic work such as movies, books, photos, architecture Patents: includes inventions Trade Secrets: includes secrets within an organization or company (ex., formula for Coca-Cola) In this blog, our Amazon IP lawyer will discuss copyrights in Read More
Amazon Seller Horror Story: Drop Shipping
When a stranger from the internet proposes using the drop shipping fulfillment model for your Amazon business with promises of increased sales and higher profits, be sure to do your due diligence before accepting that advice. Drop shipping on Amazon is like the magic blood-red apple used by the Evil Queen in her attempt to do away with Snow White. It often presents itself as safe and delightful, but many unsuspecting Read More
Amazon Seller Horror Story: Gremlins Attacking Your Listings
In our practice, we are seeing more and more cases of black hat activity on the Amazon space. “Black Hat” refers to actions intended to manipulate, undermine, and cheat the system. These tactics are often employed to boost one’s own business and/or sink the competition.A common tactic used by black hat sellers is Product Detail Page Abuse. This refers to a scenario wherein someone makes unauthorized Read More
The Phantom Related Account Amazon Seller Horror Story
Crippling dread. Fear gripped our client Innocent Company when they received the infamous email from Amazon. Hello, Your Amazon.com Seller account has been deactivated in accordance with section 3 of Amazon’s Business Solutions Agreement. Your listings have been disabled. Funds will not be transferred to you but will be held in your account while we work with you to address this issue. This may take up to 90 Read More
