If you have put off dealing with Amazon’s Long Term Storage (LTS), today is the day you have to make a choice. They will be charging the LTS fees today!
If you don’t what I’m talking about, check it out here or below:
To sum it up, Amazon wants you to sell your inventory within six months. If you don’t, they are going to charge you a hefty storage fee. I know that my total for LTS fees was around $200 before I started requesting my inventory back.
Don’t know how to check yours? Well follow these steps:
Step #1: Go to your home screen in Seller Central and hover over the “Inventory” drop down. You will want to click on “Manage Inventory.”
Step #3: You should reach a page like this (see below). We are going to want to focus on the bottom left that says “FBA Inventory Age.” You will need to click the silver button that says “view details.”
Step #4: You should end up at a screen like this (see below). You will want to click on “Est LTSF” to sort them by the highest amount. If you do this and see no fees (click it a few times to double check), then you are good to go. If you see estimated fees, you will need to continue to Step #5. If you are going to Step #5, select the inventory that is subject to LTSFs and you will want to create a “removal order.”
Step #5: You have three different options at this point:
#1. Do nothing and get charged the LTSF.
#2. Have Amazon dispose of your inventory (for a cost, see below).
#3. Have Amazon send back your inventory (for a cost, see below). If you choose this option, you can also send them to me and I will sell them on your behalf for a share of the profit.
If you choose to do options #2 or #3, you can move on to Step #6. If you choose option #1, you are good to go.
Step #6: Once you create a removal order, you will need to tell Amazon how many you want to ship or dispose of on a screen like this.
Step #7: You will hit continue and confirm your order. Then you are good to go!
It’s that easy. Want to plan ahead next time? Make sure to check out this article.