#275 – New Regulation: IRS $600 Reporting Rule for Amazon Sellers

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    New Regulation: IRS $600 Reporting Rule for Amazon Sellers. The IRS has announced new regulations that will require individuals who earn over $600 for the transaction of goods and services through third-party payment platforms to report their income with a 1099-K tax form. With a lower threshold for triggering this form, more people with side hustles and small businesses will be reporting their earnings to comply with these changes.

    Save Money on Your 3PL Costs. Guaranteed Savings, or We’ll Pay you $100.  In these challenging times, every dollar counts! Higher shipping, freight, and fulfillment costs are hurting your bottom line. 9 times out of 10, sellers who switch from their 3PL to Cahoot save money. Cahoot is the highest-rated fulfillment service on Amazon and Shopify App stores. For a limited time for established sellers only, Cahoot is offering our exclusive shipping & fulfillment cost analysis for FREE (valued at $2,000). On average, we identify over 20% in savings! You can see sample savings reports. If we do not save you money, we’ll pay you $100. Book your analysis today – space is limited.

    How UGC ads led to 3 million TikTok views growing sales for the 25 Amazon products promoted. To drive external traffic to their Amazon listings, Thrasio partnered with ~100 TikTok creators to source fresh UGC at an average price of $75 per creative. They used Insense – a UGC & influencer ads platform trusted by 1,400+ eComm brands – to scale their creator and influencer partnerships. Cruxfinder Exclusive: Insense is offering $200 for your first UGC campaign until Aug 31.

    [Report] Master the Digital Marketplace With Insights From 1,000+ Top Brands. Discover the winning strategies of over 1,000 top brands, private labels, and global retailers on digital marketplaces like Amazon and Walmart. Gain invaluable insights and actionable tips to excel in the competitive e-commerce landscape. Download our free report and unlock the secrets to e-commerce success!

    Temu Sellers Are Cloning Amazon Storefronts. The Chinese-owned ecommerce app faces lawsuits for copyright infringement after sellers allegedly copied products and stole photos and text from Amazon.

    Sales Growth Strategies

    Amazon Brand Tailored Promotions – Offer exclusive discounts for loyal customers. The best thing about Brand Tailored Promotions is that it is currently free, just like the Customer Engagement tool released in early 2023. Through Brand Tailored Promotions, you can offer promotional discounts ranging from 10% to 50% off on all products to specific customer types to boost customer conversions, repeat purchases, and customer retention rates.

    Top 15,000 Sellers Drive Half of Amazon’s 3P GMV. Fifteen thousand sellers get more than 100,000 orders a year on the marketplace in the U.S. Those few sellers are responsible for nearly half of the marketplace’s hundreds of billion dollar sales.

    Data shows which brands are leading as back-to-school shopping peaks. This month marks the height of one of the biggest shopping seasons in retail: back-to-school season. Although Amazon’s back-to-school season kicks off around Prime Day, it reaches its peak in August. A recent Deloitte survey found that, while parents plan to reduce spending on back-to-school clothing and electronics this year, they plan to increase spending on school supplies by 20% year-over-year.

    eCommerce Trends

    TikTok Shop: What It Is & How to Set Up Your Store in 2023. TikTok is an incredible way to build an audience and create buzz about your products. Now, customers can purchase your products directly from TikTok using the platform’s ecommerce integration — TikTok Shop. In this article, we’ll go over what TikTok Shop is and how to set it up for your business.

    Prime Day to Q4 – The Winning Strategy. Here’s webinar to learn: How to analyze your Prime Day sales to get better sales in Q4, What to do with any Prime Day margins and how to manage your cashflow, Tips on turning traffic into sales during the busiest selling time of the year, etc

    What EVERY Amazon seller should know about TikTok – Deep Links. “When a TikTok user clicks on your Amazon link (from an ad or post), where are they sent? Directly to the Amazon listing/storefront. BUT…. The link will open the Amazon site on the mobile browser. No one is logged in on their mobile browser?

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