It’s no secret that selling on Amazon is a cherished dream or goal of millions of people. However, either amid the lack of sales or a will to take a break, there could be many reasons why some sellers would want to stop their trade.
In this piece, we’ve prepared for you possible options for ‘giving up’ your Amazon business.
How to stop selling on Amazon?
There are actually a few options:
1. To close your account;
2. To sell your account.
However, according to Amazon policies, you also have a third option if you do not thoroughly decide the fate of your account – you can close or delete your listings.
“If you no longer sell a product, you can make it inactive by closing the listing or permanently deleting it from your Seller Central account,” Amazon says.
How to close or delete your listings?
As Amazon said, when you close a listing, the product will no longer be available for sale on Amazon, ‘but you will retain your sales history’ and you ‘can relist the product at any time.’
To close your listing, visit your Manage Inventory page, find your listing, click the Edit drop-down menu on the right, and select Close listing. Thus, your listing will become Inactive.
You can also delete your listing, however, you will no longer be able to revive it.
To delete your listing, visit your Manage Inventory page, find your product listing, click the Edit drop-down menu on the right, and select Delete product and listing.
How to close your Amazon seller account?
Well, now let’s consider more conclusive steps for closing your account.
There are some steps that you should take before closing your account.
The steps are as follows:
1. Fulfill any outstanding orders.
2. Wait 90 days after your last sale to ensure the A-to-z Guarantee claims period is honored.
3. Wait until you have a zero balance in your account (your next disbursement or charge date).
4. Resolve all of your transactions with buyers, including issuing any necessary refunds.
5. Confirm that you have valid bank account information on file to receive a final payment.
Before taking such a step, one should think prudently, as this move is irrevocable.
“If you choose to close your account, Amazon can’t reactivate or reinstate closed accounts,” Amazon warns.
How to sell your Amazon seller account?
You read all the options we mentioned, but pick none of them, don’t you?
Well, we understand you: as a seller, you’ve spared no effort while running your business: you’ve put a lot of time into boosting your sales, and you don’t simply want to close your account and move on.
And now you’re looking to sell your business and your goal is to get the best terms for the sale.
Where it happens, you can contact us, and our experts will help you sell your account at the best price.
How to determine what your business is worth?
To determine your business value, use an online calculator, and fill out the necessary details – account registration date, number of feedbacks, Amazon marketplace location – and provide information on receiving policy violation notifications from Amazon.
All these directly affect your business power and help you determine a ‘draft’ value of your account.
Then you leave an application, and our sales manager will contact you to discuss some issues in detail and provide you with an accurate and fair price for your account.
Whatever you face during your business journey, our squad is next to you and is ready to support you.
Word in your ear: there are no unsolvable issues and you can get the maximum benefit from any situation, even one that seems completely hopeless.
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