![]() At the one end of the spectrum, there are companies like TaxJar, which provide software that will automate a lot of the reporting and filing for you, but still require some time and effort on your end. There is no shortage of different companies that can help you with this sort of compliance work. It is not the case that sellers have no sales tax obligations, or that Amazon will somehow just take of this for you, without you thinking about it. As we have mentioned in other articles, under Amazon’s guidelines, a seller is technically required to collect any and all applicable sales tax. On the tax collection side, things are a bit more complex. They’ll incorporate your business, send you a copy of your bylaws and corporate charter, and remind you of relevant filing deadlines for taxes or other registration paperwork. One good option that will get you what you need on this front is LegalZoom, which offers the basic legal documents you need to get your business off the ground. There’s no need to retain a high-priced lawyer or a fancy law firm. When it comes to legal tools, unless you’re a super high-volume seller, you can keep things pretty simple. Once you do so, you’ll see an array of options that allow you to automatically adjust your product prices without having to lift a finger. To access these, navigate to Amazon Seller Central, click on the Inventory vertical, and then the “Automate Pricing” link. To do so, Amazon itself offers some tools for sellers. In that case, it’s often advantageous to sell at a lower price than your competitors. You also might find that another seller is competing with you for the Buy Box, which basically means that you’re selling the exact same product as another seller, and Amazon has to determine which seller earns the opportunity to sell to customers. ![]() Of course, maximizing profit may not be the only reason why you need to reprice your products. Sure, it’s possible to do this manually, but it’s awfully tedious, and Splitly removes a ton of the guesswork and legwork for you. In essence, what this means is that the software will test a particular price point for an item, see how it sells, and then try another price point for the item, and see how that sells in comparison. ![]() What Splitly will do is run what are known as “split tests” or “A/B tests” to help you determine the optimal price for your product. And Splitly, the software we mentioned above, is designed primarily to achieve that. You can choose instead to fulfill orders for your products manually.įrom our perspective, the only way to to know for sure is to experiment and test rigorously. Of course, it’s not mandatory that you use Amazon FBA for your business. Indeed, you can think of Amazon FBA as a best-in-class order and shipping management service that you, as a seller, have the opportunity to leverage in order to build your Amazon business. If you enroll in FBA, you won’t need to worry as much about leveraging order and shipping management tools. Without you needing to lift a finger, Amazon will, once an order is placed, pick the item from the warehouse shelves, box it up, label it, send it to the customer, and notify the customer it’s on the way. This is the real beauty and genius of the FBA program. ![]() Once a customer orders your product, Amazon will, behind the scenes, do all the work necessary to get the product to the customer. ![]() After Amazon checks in your inventory at its fulfillment centers, it will be “live” on Amazon, which means it will be available for customers to purchase through the site. ![]()
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