March 1, 2024, marked an exciting milestone for Amazon sellers with the expansion of benefits for FBA New Selection. These enhancements are designed to streamline the process of launching new products on Amazon and empower retailers to thrive in the e-commerce landscape.
For those who have been on the fence about utilizing Fulfillment by Amazon (FBA), now is the perfect time to consider diving in.
One of the most enticing updates is the introduction of rebates on sales. Amazon is offering an average 10% rebate on sales of eligible new-to-FBA parent products. This includes not only branded selections but also extends to eligible non-branded products, opening up new opportunities for retailers across the board. With rebates available for up to 50 units of non-standard size items and up to 100 units of standard-size items, sellers have ample room to test the waters and launch their products with confidence.
Furthermore, Amazon has extended benefits for more units and for an extended duration, providing even greater support to sellers. Previously, benefits were capped at 30 units per parent ASIN for non-standard size products, but now sellers can enjoy benefits for up to 50 units per ASIN. Additionally, the duration of storage and rebate benefits has been extended to 120 days from the first inventory-received date, offering sellers more flexibility and breathing room to optimize their sales strategies.
One of the barriers for sellers to qualify for these benefits was the Inventory Performance Index (IPI) score requirement. However, Amazon has now lowered the threshold, requiring a score of 300 or higher for program eligibility, down from the previous requirement of 400. This adjustment ensures that more sellers can access the benefits of FBA New Selection and leverage Amazon’s robust fulfillment infrastructure to scale their businesses.
At RefundPros, we understand that navigating the complexities of FBA can be daunting, especially for retailers who are new to the platform. That’s why we’re here to offer our expertise and support every step of the way. Once you’ve set up your FBA account and begun utilizing these new benefits, our team will be more than happy to audit your accounts and submit claims on your behalf. Our goal is to ensure that you’re not leaving any money on the table and that you’re maximizing your Amazon refunds.
As Amazon continues to roll out enhancements to its FBA program, including upcoming discounts on Vine enrollment fees, there’s never been a better time to explore the possibilities that FBA offers. Whether you’re a seasoned seller looking to expand your product lineup or a newcomer eager to make your mark in the e-commerce world, FBA New Selection presents a wealth of opportunities to grow your business.
For more information on how to take advantage of these benefits and optimize your FBA experience, visit RefundPros and let us help you unlock the full potential of your Amazon sales journey.
