Improved benefits for your new FBA products.

Elise Jackson

Post details

  • AUTHOR: Elise Jackson
  • CATEGORY: Amazon News
  • DATE: 16/04/2024

When is good news, actually great news? When it comes with some big benefits to you! That’s exactly what this Amazon update entails.

Effective March 1st, 2024, Amazon expanded the benefits for Fulfilment by Amazon (FBA) New Selection Programme to help make it even easier to launch new products on Amazon.

What is the Amazon FBA New Selection Programme

The FBA New Selection programme offers free storage, free stock removals, liquidations and free returns process for a limited time on eligible ASINs that are new to FBA.

Sellers can enrol in the programme and use these benefits on some new parent ASINs during the year. To use this programme you need to continue to meet the requirements, and you may be eligible to receive a monthly rebate of 10% on average.

You can find examples of the savings you could make here.

So, what are the latest benefits announced by Amazon? Check them out:

 

Rebate on sales

Amazon will continue to provide an average 10% rebate on sales of eligible new-to-FBA products, including new rebates for eligible non-branded selections.

Those with up to 50 units of non-standard size items can enjoy a rebate and those with up to 100 units for eligible standard-size items for 120 days.

 

Benefits for more units and for extended days

Amazon has made the following changes for all eligible non-standard sized products:

  • The storage, liquidations, removals and rebate benefits apply for up to 50 units per parent ASIN. Amazon previously provided these benefits on up to 30 units per parent ASIN, excluding apparel and shoe products.
  • The storage and rebate benefits apply for up to 120 days per parent ASIN. Amazon previously provided these benefits for up to 90 days per parent ASIN, excluding clothing and shoe products.

 

Reduced IPI score for eligibility

Amazon has reduced the Inventory Performance Index (IPI) score needed for programme eligibility to 300 or higher.

Previously, you needed a score of 400 or higher to qualify for the programme. If you have yet to be assigned an IPI score, you can enrol in the programme and receive the programme’s benefits.

Additional programme updates will be announced soon, including a discount on Vine enrolment fees later in the year. Check this out for more understanding about the programme: FBA New Selection.

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