This is the sixth installment in my series about the differences between the eBay and Amazon selling platforms. For each of the next six weeks I will continue to discuss these areas and try to dispel some of the myths that surround selling on Amazon.com
I asked veteran Amazon sellers via Facebook what differences they found between selling on eBay and Amazon FBA. There were ten areas identified as noticeably different between the two platforms:
- What You Can Sell
- The Rules
- Customer Service
- Getting Paid
- Sales Tax
- Profit Potential
Who doesn't want to collect their “paycheck”?
While eBay sends your funds to your PayPal account as the transactions happen (unless you have a new or restricted account) Amazon likes to hold onto their money for a little longer. Amazon will send out payment to your linked banking account on a 14-day cycle depending on when you opened your account. You can see the amount you will be getting after fees, refunds, etc by going to Reports > Payments in Seller Central. If you happen to have an older account like I do (maybe you opened an account many years ago to sell some of your college textbooks) then you'll be able to take disbursements on demand. You'll know you have this kind of account if you see this button > on the Payments Summary page in Seller Central.
Do you have the ability to take daily payouts? If you do, how often do you take them? Let me know in the comments below. I used my daily payouts a lot during the fourth quarter but during the rest of the year, I have myself on a two-week cycle so that I can focus on other things like blogging, writing my book, etc.
What are you doing TODAY to move your business forward?
Interested in selling on Amazon with Fulfillment by Amazon (FBA) or know someone who is? Not sure where to start?
Amazon FBA Launch Pad is the most current and comprehensive step-by-step guide to LAUNCH and GROW your Amazon FBA business from novice to startup success without spending a fortune. To find out more information click HERE.
If you are looking for more specialized one-on-one direction to grow your business and or manage your life balance, I highly recommend heading over here and checking out the individualized coaching available from the amazing Kristin Ostrander.