Amazon Prime

How Beneficial is an Amazon Prime membership?

Amazon has rapidly grown in last few years and now it is the most trusted place for shoppers even in India. For all most all types businesses, Amazon is the best place for tremendous opportunities for their growth and success. From time to time, Amazon is enhancing its services to help the sellers to deal in the problems faced in online transactions and for their best performance. FBA and Amazon Prime are such services. Amazon prime membership comes up with a better customer experience for all.

With Amazon Prime membership program, customers can avail unlimited free one day or two day delivery on thousands of products. There are discounted delivery offers as well. Amazon Prime Members can get access to the special deals on Amazon. With all such benefits, the sellers whose products are eligible for Amazon Prime will get their products sold out very fast.

To avail the benefits of prime membership and enroll your products in Amazon Prime, what you need to do is to become Amazon FBA member. To become a prime member you do not have to pay any additional charges and no need to fill up any other forms. Your FBA product listing will automatically get listed as Amazon Prime products. Thereafter you just need to start keeping stocks of your listed items in Amazon fulfillment centers.

If you want to start from a scratch or new in online business, you need to wait till you achieve a good seller matrix. In other words lot of hard work and time need to put into your business. You should know that to develop a good reputation in the market you need to do some extra efforts.

As you become Amazon Prime member, you will get a Prime Badge against your online store in Amazon. Now your customers will be able to get premium and fast delivery options to opt for. Fast shipping becomes a competition criteria today. Customers do not want to wait for long to get the products they have purchased. To drive that traffic in your online shop, Amazon Prime helps a lot. The competition is so much that you can dispatch as fast as 2 hour Prime delivery.

With Amazon Prime membership in your kitty, your customers will be able to access the special offers on your product listings before they are out for all. It makes them feel special. Thus you will get a better customer experience. It also enhances customer satisfaction and increases demand for your products. Overall experience tremendously boosts up sales and customer loyalty as well.

Being a seller in Amazon you are eligible to avail all the facilities provided by Amazon for the growth of your business. Working on such a big platform already gives your business that extra stroke to reach your goals. It is your job to maintain that mileage and keep improving yourself. Amazon encourages and helps its seller team a lot if they approach them for improving themselves. So grab these opportunities and stay ahead.

E-Commerce

How would I be paid from KDP without a bank account?

KDP is one of the publishing tools on Amazon that helps the authors to use to publish their books online. KDP helps an online book available on Amazon to Kindle readers. There are many features available in KDP like free file conversion, sales tracking, and many more tools that you may use to format such as textbooks and children’s books. You can update your book, work on script, book detail and the cover of the page as well. The self-publishing interface in KDP is very simple and easy to use.

Now, let us see the payment methods to the writers of the books from KDP. If you do not have a bank account, you will get mail for the checks. The checks from different countries will be with their respective currencies. You will need to carry the checks to a bank to cash them. Bank charges a fee to convert the foreign currency checks in local currency. While doing so you may pay more than what you get if it is from a small market. On the other hand if you have a bank account you do not have to pay a hefty fee to the bank.

With KDP on Amazon you can restrict sale of your book in certain regions anywhere in the world to avoid the small market or issues due to currency. But the book will appear on all Amazon sites, showing that your book exists.

Royalties are paid every month from KDP. You will receive different royalty payments from different location of Amazon where you have chosen your book to be distributed. The payment methods that are available from KDP are direct deposit, wire transfer, or check. These payment methods are based on the location of the writer’s bank. The bank may impose fees for some of the payment types. You can contact your bank to get the fee structure for the same while receiving payments from KDP.

If you choose the payment method, direct deposit which is also known as Electronic Funds Transfer (EFT), then you will be allowed to receive royalties you earned without any threshold before releasing the funds. This is more secure and environment friendly procedure than the paper checks which you will get in your local currency. In some countries like US, UK, and EU, there is a handling fee per check payment to authors for direct deposit.

Direct deposit is a solution to avoid the handling fee or any other processing fees associated with paper check or EFT as discussed above. As you sign up for direct deposit, your money get deposit in your account immediately irrespective of the amount and in local currency as and when royalties are earned.

While adding bank account, the name of author in the Publisher Information and the same in the bank account must be identical to avoid any duplicate and fraud cases.

Finally, even if there are many ways to get payment from KDP, direct deposit is the best solution to cut the cost and maximize the profit on Amazon.