Ways to Get Feedback for Your Amazon Seller Business (2024)

If you’re wondering if selling on Amazon in 2023 is still a worthwhile endeavor, the short answer is yes. If you’re now wondering why we say that it is still worth selling on Amazon in 2023 (and beyond), read on.

• The Behemoth that is Amazon
• How much can make selling on Amazon in 2023
• Selling on Amazon in 202 takes time and effort
• Pros and cons of selling on Amazon in 2023
• GETIDA to get your FBA reimbursem*nts

So Amazon makes a ton of money, but how much can you make selling on Amazon in 2023? Everyone’s situation is different, and just because some are successful selling on Amazon in 2023 doesn’t necessarily guarantee you will be. Keeping that in mind, something like a quarter of Amazon FBA sellers have monthly revenues in the $1,000 to $25,000 range, nearly half between $25,000 and $250,000. Those selling on Amazon in 2023 who make $500 a month or less represent a little more than 15% of all Amazon sellers.

Sales numbers don’t necessarily translate into profitability, however. But, nearly three-quarters of Amazon sellers report profit margins of at least 10%. Generally speaking, Amazon FBA sellers turn a profit much faster than mortar-and-brick stores, primarily because there is no mortar-and-brick store to pay for and manage. Selling on Amazon in 2023 is often profitable within the first year, with some FBA sellers reporting healthy profit margins within 3 months.

So, the potential is certainly there for you to be profitable for selling on Amazon in 2023.

If you’re looking for a get-rich-quick scheme, selling on Amazon in 2023 is certainly not it. You have to put in the time and effort to be successful. For the most successful FBA sellers, this is a full-time job. That said, because you let Amazon handle your logistics as an FBA seller, you could be selling on Amazon in 2023 on a part-time basis. Many FBA sellers spend 10 hours or less on running their business. That said, part-time sellers aren’t reporting the highest revenues and profits, either.

It’s largely up to you. You can run a nice little side business selling on Amazon in 2023 and make extra cash. Or you can invest full-time and aim to become a million-dollar seller. Or, somewhere in between.

That’s the great thing about selling on Amazon in 2023. How much you want to put into your business depends on your personal goals and objectives. It’s largely up to you.

As an FBA seller, you get access to Amazon’s loyal customer base, and in particular, its Prime customer base, while letting Amazon handle the logistics of order fulfillment, customer returns, and inventory management.

There is a lot of competition on Amazon, but whether that is a pro or a con depends on your marketing acumen. Selling on Amazon in 2023 requires examining the competition, and either beating the competition by becoming a price leader, or finding a niche with fewer competitors. This is why it is so important to do product research and due diligence to figure out how your business can best take advantage of selling on Amazon in 2023.

However, nothing is free. You do pay a number of FBA, referral, seller, and storage fees, and Amazon’s generous customer return policy can sometimes be frustrating to sellers. Equally frustrating is when Amazon makes mistakes in handling your inventory and order fulfillment; while you are owed reimbursem*nt for those mistakes, refunds are not automatic. If you aren’t tracking when these errors occur, you could stand to lose anywhere from 1% to 3% of your annual revenues, a potentially considerable hit to your potential profitability.

Take our word for it; tracking all possible errors that are eligible for FBA refunds, and then submitting the appropriate claims, is a time-consuming, tedious process. But getting your FBA refunds can make selling on Amazon in 2023 more profitable.

Fortunately, there is one easy, risk-free solution with minimal cost.

Getida software reviews the previous 18 months of your transactions to flag instances that qualify for FBA reimbursem*nt. If there are sufficient instances to file claims, and only with your approval, Getida files claims on your behalf. This service is free. You are only charged a percentage of approved claims. And you aren’t charged the first $400 in FBA reimbursem*nt.

Sign up with Getida for free without any obligations. Get back your FBA reimbursem*nts so you can concentrate on selling on Amazon in 2023.