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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
Amazon Seller Horror Story: Restricted Products Witchery
We have come across many strange things in the marketplace that leave us scratching our heads. One alarmingly common situation has to do with products getting flagged for alleged violations of Amazon’s Restricted Products Policy where Amazon is seriously (yet incorrectly) convinced that you are selling something illegal even though all the evidence suggests otherwise. It is almost like Amazon is under an evil Read More
How to Prepare for and Prevent an Account or Listing Suspension
It’s hard to believe it is September already! If you are an Amazon seller, this means Q4 is just around the corner. While you are already thinking about logistical matters such as stocking up on supplies and setting your PPC advertising, at ESQgoⓇ we believe it is time to consider setting up proper protections to minimize the risk of an account or listing suspension. After all, a Q4 suspension can be considerably Read More
