Amazon Prime Day Approaches: Don’t Let Returns Damage Your Profits
Updated: Jul 4, 2022
With Amazon Prime Day just around the corner, many eCommerce merchants are preparing for the influx of traffic and trying to figure out how to make the most of this sales opportunity. If you're one of them, don't forget about returns management.
Returns can be a major profit killer if not managed correctly, but with the right solution in place, you can minimize their impact on your bottom line. Keep reading to learn more about how returns management can help maximize your profits during Prime Day and beyond.
What is Amazon Prime Day and how can it benefit your business?
Amazon Prime Day is a major shopping event that takes place every year. This year, it will be held from July 12-July 13. During this event, Prime members can enjoy exclusive deals and discounts on millions of items from Amazon and other participating retailers.
For eCommerce businesses, Amazon Prime Day presents a great opportunity to increase sales and reach new customers. However, it's important to be prepared for the potential increase in returns that comes along with this increase in sales. That's where a returns management solution can help.
Tips for preparing for Amazon Prime Day
First of all, the two biggest factors that make or break a Prime Day sale are inventory and pricing, it's critical to check your inventory and make sure you have enough product on hand to meet the expected increase in demand, if you're exporting to other countries, please let Goods have enough time to reac