Here are terms that be helpful for beginner Amazon sellers:
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The Buy Box - The buy it now option on Amazon, most of the sales go to the seller in the buybox, which rotates through different sellers
FBA (Fulfilled by Amazon) - where you send products to Amazon to leverage their fulfillment network. They house, pick, and pack the orders and send them for you.
FBM (Fulfilled by merchant) - where you ship directly to customers, rather than sending to Amazon. I do this mainly during the Christmas rush, and most of the rest of the year do mainly FBA.
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Prep Center - A third party warehouse that intakes inventory for you and sends it to Amazon for you. This is the end goal for many sellers, but only makes sense immediately if you have a lot of capital. Most people start out sending inventory to themselves.
Virtual Assistant - A virtual employee that assists you in tasks that free up your time to focus on higher leverage tasks.
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FNSKU Labels - The individual labels you put into every item over the barcode/poly bag to send to Amazon. This is required for FBA but not for FBM.
Ungating - Restrictions Amazon puts on new sellers so they can’t immediately sell the biggest brands and categories. Luckily Amazon has made it super easy to sell these items now. Just purchase 10+ from any large retail website and submit the order confirmation
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Online Arbitrage - Buying items from big retail websites and flipping them on Amazon. This is the business model I do.
Amazon Seller Central - the dashboard where sellers manage their Amazon account. It provides tools and resources for sellers to manage their inventory, pricing, orders, and payments.
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ASIN - Amazon Standard Identification Number, a unique identifier for a product on Amazon.
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UPC (Universal Product Code) - which is a unique barcode assigned to a product. It is used by Amazon and other retailers to identify and track products for inventory and sales purposes. When selling on Amazon, it is important to ensure that your products have a valid UPC code to avoid any potential issues with listing or selling your products.
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