Spending more of your time working doesn’t always mean you’ll be successful. The key to being a successful person is not working more, but working less and working smarter.
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If your Amazon FBA products are collecting dust in Amazon fulfillment centers, get ready to pay outrageous long term storage fees.
Twice a year, on August 15th and February 15th, Amazon clears out the FBA product deadwood from their Amazon fulfillment centers. The way they do this is by charging outrageous long term storage fee to encourage FBA sellers to get their slow-moving products off their shelves.
On every August 15th and February 15th Amazon charges FBA sellers $11.25 per cubic foot, for any products that have been on their shelves for six to twelve months. Long term storage fees jump to $22.50 per cubic foot for any product that is still in their fulfillment centers for more than twelve months on these so-called “Inventory Cleanup Dates.”
Amazon’s long term storage fees are in addition to your regular storage fees.
It is important to note that Amazon charges long-term storage fees on top of your existing storage fees. Regular storage fees can range from $0.43 to $2.25 per cubic foot depending on the time of year and whether your packages are standard size or oversize.
Amazon exempts a single unit of inventory from their semi-annual long-term storage fee.
I am not sure why Amazon decided to exempt one unit of inventory from their Long Term Storage fees. I suspect they did it so they would not appear to be total heartless dogs.
What should you do if you have tons of inventory that is about to be charged long-term storage fees?
In a nutshell, you have the following options if you are facing the prospect of paying Long-Term Storage fees:
- You can give away your product or put your items on sale to get them off the shelves. Even if you incur a loss, this option might be beneficial in the long term because it will spike your sales. When you drastically increase your sales, it will cause Amazon’s algorithm to raise your product rating. In the following video, Cody Hawk explains how he avoids long-term storage fees by becoming proactive about getting slow-moving products off Amazon’s shelves after ninety days.
- You can have Amazon send back your product and sell it on EBay or your Ecommerce store. The following table lists the fees Amazon charges for returning products or for disposing of
- You can have Amazon dispose your products and deduct the cost of disposal and the cost of the disposed product from your taxes.
In summary, it is vitally important that you take action to avoid paying Amazon’s long-term storage fees.
It is important to be proactive if your product is not selling well on Amazon. Make attempts to improve the quality of your listing. Taking steps to increase your product reviews might also improve your product’s ranking. Another thing to consider is lowering your selling price. If after ninety days, you still have lots of product languishing in Amazon’s product fulfillment centers, you need to start getting aggressive in lowering the amount of inventory sitting on Amazon’s shelves. If all your attempts fail, you might want to consider having Amazon send your product back and selling them on Amazon using Fulfillment by Merchant (FBM). Your other option would be to sell your product on EBay or your Ecommerce site. In a worse case scenario, you could try selling your items at a garage sale, flea market or on Craig’s List.
How a Windows Update deleted my files.
I had a really interesting experience yesterday. Saturday night, I got the usual notification not to turn off my power when I closed down my PC. It was updating my system. I’ve seen these messages a thousand times and thought nothing of it.
The next morning, when I turned on my computer, I got the usual message that my computer was updating my system. After the update had finished, I knew right away that something was really wrong. Why was the background image on my desktop screen changed from a scene of Yosemite to the Windows logo?
I checked my Thunderbird email system. My inbox was empty. After seeing that, I really started getting freaked out. I checked my folders. They were empty! What the “H” was going on! My programs were there, but none of my files! Now I was in full-panic mode.
I don’t know if you have ever been in this situation. If you haven’t, I can almost predict with certainty that sometime in the future you will experience this type of event. There are lots of ways you can lose your data. Hard drives fail all the time. Your computer might get stolen. Your house could burn down. Someone might hack into your computer, encrypt your data, and try to extort money from you to get your data back.
My road back to data recovery
Whatever the cause, losing the files on your computer can be a devastating experience. Documents like a book that you’ve been writing for years, your Ph.D. thesis, your family pictures, your website’s files could disappear in a blink of an eye. This has happened to me in the past. When the hard drive on my computer failed, I lost over two years of work I had been working on. Like a dummy, I was not backing up my files. This was before we had cloud backup services like Carbonite. As a result, this hard drive failure turned into a major nightmare and set me back on my project more than six months.
This recent event in my life emphasized the importance of backing up my computer. It also reminded me of the importance of reminding my readers to take this important step to protect their documents, pictures and movies stored on their computer.
Probably the easiest way to back up your computer is with an online backup service like Carbonite. With Carbonite, your files are backed up automatically. For me, if I were forced to do backups manually on an external drive, they would not get done frequently enough or worse yet not get done at all.
Luckily, I have been using Carbonite for years. When I discovered that all of my data was missing, I immediately went to their Information Center on my computer.
After clicking the restore button, it opened up a second box for specifying what type of file restoration I was requesting. After selecting the “Restore all of Your Files” button, Carbonite started retrieving my data from Carbonite’s cloud servers.
Carbonite then recreated all of my folders and replaced all of the missing documents, images and movies in their correct places. It took almost half a day. I figured it was a small price to pay when I considered it took years to create and accumulate these valuable files.
One issue I did notice after I completed my file backup, was that many of my Thunderbird email messages were still missing.
My email outbox was empty, and it only restored the emails in my inbox to a date in the year 2014. It seems that Thunderbird only restores a certain number of emails in your inbox when you open it up. Unfortunately, when Thunderbird restores your email inbox, they do it in the order they were received. They also only restore a certain number of your emails (probably around fifty) every time you open the program. I admit I am lazy about pruning my email. As a result, I had over 20,000 emails to restore in my inbox before I could get to my most recent emails.
It took over two hours opening and closing Thunderbird to finally restore my email Inbox. I could not find a way to restore the emails in my email outbox. So it appeared that they were lost for good. I learned my lesson about not editing my email list and spent about an hour removing emails from my inbox.
Here’s where things really got weird
When I initially lost my data, my wife Rita recommended that I try re-booting my computer. Being a typical male, I did not take her advice, even though she is an expert on technology. In my mind, it just didn’t make sense. How could rebooting my computer restore my missing files? As a result, I went ahead with the restoration of my database. After restoring my computer, I put a new background picture on my desktop.
Now this is where things got really weird. When I turned on my computer the next morning, guess what I saw when I turned on my computer? My original desktop picture of Yosemite. Everything looked like it had before I went through this whole frightening episode. When I checked Thunderbird, all my emails were restored in my inbox and my email outbox. All the files I pruned from my inbox the night before were again on my email list.
So what were the lessons I learned from my road back to data recovery after a windows update deleted my files:
- Listen to your wife. Many times, she will be smarter than you!
- Whenever something goes wrong with your computer, the first solution you should try is reboot your computer!
- Back up your data! An online backup service like Carbonite makes it simple and ensures that everything gets saved on their cloud servers. Carbonite also does backups on an external drive if you want an extra backup.
- Don’t trust Windows. I admit, Windows has gotten better, but it still has its glitches. I am currently using Windows 7 for my operating system. Overall, it has been fairly stable. Yesterday’s experience has me wondering. Awhile back I did take up Microsoft’s offer to upgrade to Windows 10. What a nightmare! I have always had my computer password protected. After upgrading to Windows 10, I could not get access into my system. After trying various solutions for the better part of a day, I finally got to a point where Windows gave me the option to go back to Windows 7. I grabbed for that opportunity like a drowning man thrown a life jacket. After I had done it, everything worked, and I vowed I would never again upgrade to Windows 10 again.
I strongly recommend that you watch this video.
EBay Sellers are discovering that single item listings that were automatically relisted using Good Til Canceled ranked poorly on EBay’s Best Match search engine results.
Nic Hills is an EBay seller in Britain. The important discovery he made was that you should not use Good Til Canceled for relisting single items on EBay. What he and other sellers found, was that when they used Good Til Canceled to relist automatically unsold items, their listing did not get the usual increase in EBay’s Best Match search engine results that new listings usually receive. The longer that their listing lingered, the lower their listings showed up on EBay’s search results.
What Nic and other sellers did discover, was that their relisting showed improvement in EBay’s Best Match search engine results, when they relisted their item for thirty days using the “Sell Similar” option rather than the “Re-list” option.
Nic also suggested that you should also consider improving your title, description or pictures to make a better listing. Nic did mention that he was still using Good Til Canceled for his multiple item listings.
Some of the important highlights that I took away from Nic Hill’s video were:
- As a listing ages, Ebay’s Best Match search engine forces it further down in the search results. Fresh listings score higher on EBay.
- It pays to create a new listing for a single unsold item rather than simply re-listing it or using Good til Canceled.
- Use the “Sell Similar” option rather than the “Re-list Option to re-list listings that expire without a sale.
- Always re-evaluate your listing and try to improve it if your listing expired without a sale.
- Good Til Canceled is still a viable option for listings that sell multiple items. However, if they perform poorly, you should consider editing your listing and refreshing it by creating a new listing using the “Sell Similar” option.
I hope this proves useful to your selling efforts on Ebay. The following are links to pages on ForPassiveIncome.com that provide more information about how to make money online, selling stuff on Ebay: