Buy Box Experts’ Amazon Specialists Tell Retailers that Stakes are High for Managing Record-high Product Returns
January 17, 2021 at 13:18 PM EST
Amazon consulting firm says that online sellers’ success could rise or fall based on how they handle a windfall of returns from Q4 2020.
(PRUnderground) January 17th, 2021
Buy Box Experts, which helps retailers sell more on Amazon, is predicting a 10-25% increase in returns from Q4 of 2020 as compared to Q4 of 2019. In light of this uptick, they are warning sellers to streamline their return management process or risk losing significant profits and alienating customers.
Buy Box Experts has provided marketing services for over 10,000 Amazon sellers. The firm’s consultants, many of whom are former Amazon employees, leverage their connections with Amazon executives and leading service providers to help companies succeed in the marketplace. Through customized consulting and advanced software, they help companies with brand protection, inventory forecasting, account management, product listing and search engine optimization, and growth-based advertising.
With people flocking to Amazon due to pandemic-driven constraints on in-person shopping, Amazon Prime holiday orders swelled to unprecedented levels. Through January 31, orders placed between October 1 and January 31 are eligible for returns.
Buy Box Experts Partner James Thomson said that the uptick in returned merchandise will test sellers’ return management processes, and those who falter risk bleeding out profits and losing current and future customers. “Companies need to be doing everything that they can to streamline and automate their return processes so that they can get returned items up for resell when possible and also ensure that customers are getting refunds or exchanges fast so their feedback and ratings are positive,” said Thomson.
Thomson, who served as the business head of Amazon Services as well as the first Fulfillment by Amazon (FBA) account manager, said that companies must fine-tune systems for:
According to eMarketer, ecommerce sales for 2020 are forecast to have increased by 32%, and DigitalCommerce360 said that Amazon’s sales represent nearly one-third of 2020’s ecommerce growth. That growth, combined with the fact that returns tend to be higher with ecommerce because people can’t physically examine merchandise, has saddled Amazon sellers with a mass of returns to grapple with in 2021.
Buy Box Experts has proven strategies for helping Amazon sellers enhance their return processes to meet the increased demands. To learn more about Buy Box Experts and the techniques they have used to successfully manage over $2 billion in Amazon revenue, visit www.BuyBoxExperts.com.
About Buy Box Experts
Buy Box Experts specialize in Amazon account management, including A+ content detail pages, Amazon product SEO, and brand equity management. Amazon sales consultants and branding strategy managers at Buy Box Experts help businesses sell more on Amazon and protect their brand equity.Press Contact
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