What is Amazon Renewed?
Amazon Renewed is an initiative that allows sellers to offer high-quality refurbished products to millions of customers across many locations in Europe. This program has become an excellent opportunity for those looking to expand their business in the refurbished product market.
The History of Amazon Renewed
Amazon launched the Renewed program to provide customers with a reliable option for refurbished, pre-owned, and open-box products. These items are inspected and tested by qualified professionals to ensure they look and function like new. One of the key reasons behind this initiative is that refurbished devices help reduce electronic waste. Sellers can grow their business while contributing to resource conservation and global sustainability.
Requirements to Sell on Amazon Renewed
To join the Amazon Renewed program, you must meet certain criteria to ensure the quality and reliability of the products offered. We recommend visiting their policy page for detailed requirements.
- Experience in Selling Refurbished Products: You must demonstrate prior experience in selling refurbished products. This includes providing invoices proving that you have sold at least 500 refurbished items or that the total value of these products is at least €20,000 in the 90 days prior to your application. For Apple products, the requirement is €1 million.
- Refurbishment Process: Products must be repaired, refurbished, and tested to ensure they look and function like new. This means that the products must have electrical or mechanical components that can be replaced or upgraded to like-new conditions.
- Warranty: A minimum 90-day warranty is required for all products sold under the Renewed program. This builds customer confidence and ensures product quality.
- Product and Packaging Review: You or a third party must refurbish your products to function and appear like new. You will need to submit at least 10 images of a sample unit for product and packaging review, following Amazon’s specific requirements.
- Seller Performance: If you already have an Amazon seller account or when you start selling on Amazon, your order defect rate must not exceed 0.8% in the last 90 days.
What Products Can Be Sold on Amazon Renewed?
- Phones
- Cameras
- Headphones
- Kitchen appliances
- Power tools
- Computers
- Tablets
- Televisions
- Video game consoles
Benefits of Participating in Amazon Renewed
- Access to a Large Customer Base: Being part of Amazon Renewed allows you to reach millions of customers looking for high-quality products at lower prices.
- Customer Trust: Products that meet Amazon Renewed standards generate trust among buyers, leading to higher sales and customer loyalty.
- Sustainability: By selling refurbished products, you help reduce electronic waste and promote more sustainable consumption practices.
How Payment Advances Boost Amazon Renewed Growth
Efficient cash flow management is crucial for any business. Offering a payment advance service, where sellers receive their sales revenue the next day, provides several advantages:
- Faster Reinvestment: Receiving payments more quickly allows you to reinvest in stock, marketing, and other essential areas for business growth.
- Improved Responsiveness: With immediate access to funds, you can respond faster to market demands, adjusting inventory based on trends and customer needs, including new products.
- Reduced Reliance on Credit: Having quick access to your earnings decreases the need for loans or credit lines, reducing financial stress.
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