Amazon Renewed Program: What Is It?
Amazon Renewed Program is a program, which provides sellers with the opportunity to sell refurbished or renewed products within the marketplace. In here, the renewed products will be professionally cleaned, inspected, tested, and repackaged before reselling. It ensures that the refurbished product is in its best working condition at all times. In addition to that, it is important to provide a 90-day warranty for the refurbished product as well. Only sellers who are pre-approved to sell refurbished products will have this facility. If you want to sell refurbished products on Amazon, now it is a must for you to become a part of the Amazon Renewed Program.
What Is a Renewed Product?
A renewed product is a product that has been used before. It has been used by a person, or it has been used while on display in a showroom. However, the used product can be cleaned, repackaged, and sold. In such situation, it will look like a new product. In addition, the specification of such a product should include all accessories, parts, and packaging materials, as if this product had never been used before.
The renewed products are marked at lower price tags when compared to brand new products of the same model.
Can Everyone Participate in the Program?
Yes, any person will be able to go ahead and take part in the Amazon Renewed Program. However, you will need to note that there are certain qualifications that you must fulfill as a seller. For example, you need to make sure that your defect rate is under 0.8%. In addition to that, you will also need to obtain permission to sell the items that are factory refurbished. You are also required to provide invoices in the amount of $ 50,000 or more for goods that have been restored and sold over the past 90 days. For certain categories (Home Improvement, Sports, Outdoors, etc.), you must show such an income in 180 days.
Other requirements can be found on the official Amazon Renewed Program page.
What Products Can Be Sold in This Way?
Here are the items that you will be able to sell through Amazon Renewed Program:
- Musical instruments;
- Automotive parts;
- Outdoor and sports goods;
- Kitchen appliances;
- Home appliances;
- Office equipment;
- Home and industrial tools;
- TV sets;
- Video game consoles;
- Headphones and audio;
- Laptops and computers;
Are There Any Advantages to Selling Renewed Goods?
Yes, there are some benefits in selling renewed goods. You will be able to purchase second-hand items, do appropriate grooming and re-sell them as renewed items. This will provide you with excellent profit margins at the end of the day. On the other hand, you will be able to sell renewed products along with your new products to increase the income that you make with the help of Amazon.
Among other benefits you will appreciate:
- less competition - only trusted and approved sellers can participate in the program, but not everyone on the market is ready to qualify and monitor the quality of their services;
- buyers loyalty - customers like to save money and know that Amazon cares about their full satisfaction; therefore the company tightly controls sellers, so there will not be doubt about the quality of the renewed products;
- business expansion opportunities at the international level - Amazon provides the opportunity to sell renewed goods on international markets, which greatly increases your opportunities for profit.
Now you have a solid overall understanding of the Amazon Renewed Program. If you are interested in experiencing the benefits of selling renewed items that we discussed, you can sign up with the program and move forward.