Amazon Just Got Affordable! ??

Fees and a feasible AI adoption on the rise?

This week, we’ve seen a major shift in the way retailers are dealing with rising fees and costs. In response, many are turning to artificial intelligence (AI), and this week, we'll take a look at both.?

• Amazon will discontinue its Small and Light Program?and instead offer new FBA rates at affordable prices for items priced below $10, which was previously $12.
• Experts say the use of Google's AI dressing room technology could lessen the number of e-commerce returns?and provide retailers with more data to effectively market to consumers.
• The Top 1000?retailers saw a $75 billion growth in online sales?due to the pandemic.
• Merchants in the US will not be charged any fees?for using the TikTok marketplace.

The Amazon Corner

Breakthrough Bargains:?Amazon FBA Just Got Affordable!

Goodbye small and light, hello FBA!?It's no secret that Amazon fees have been on the rise, but this week they announced a new FBA fee structure. Smaller items that were previously priced above $12 are now being offered at lower prices when sold through Amazon’s FBA program.

The program is small and lightweight, and it enables vendors to sell less costly, smaller, and lighter products with a lower fulfillment fee. This was advantageous because the usual Amazon FBA fees would render it unprofitable to sell inexpensive products. To balance this, Amazon offered slower shipping times than standard FBA items.

Starting on August 29th, the new Low-Price FBA will come into effect. Sellers will be charged an average of $0.77 less per item for shipping low-priced products compared to the current FBA rates. However, items priced below $10 will have an increase of around $0.30. The benefit is that these items will now be shipped with regular, faster FBA fulfillment shipping speed.

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Free Marketplace Access:?Merchants Will Not Have to Pay Any Fees to Use TikTok Marketplace in the U.S.

Get the best bang for zero bucks!?TikTok has declared that merchants based in the US will now be able to access the platform's marketplace without having to pay any fees, which is good news for small businesses. This will enable them to broaden their customer base and boost their sales without any advertising or other service costs. This modification can prove to be helpful for small businesses that are encountering difficulties due to the ongoing pandemic.

TikTok is offering Chinese manufacturers and exporters a free fast-track to its online marketplace. They are promoting themselves as a cost-free marketplace through seminars and meetings, taking inspiration from the marketing strategy of Temu, a bargains app that successfully established itself in America. This move is part of ByteDance Ltd.'s efforts to expand its business. The company is offering free listings, shipping, zero commissions, and even warehousing to all customers. This strategy is expected to shake up a market that is currently dominated by Chinese-owned rivals Temu and Shein and possibly even undercut Amazon.com Inc.

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