Welcome to Part 3 of the Smart Prep Center Amazon glossary. Below are more essential terms every Amazon seller should know.
Glossary Terms
Inventory — The items you list for sale on Amazon. Inventory also refers to Amazon's inventory management system, which allows businesses to keep track of all their remaining items and orders and to replenish stock in a timely manner.
IP Claim — Intellectual property (IP) claims arise when a brand owner files an IP complaint with Amazon regarding a particular ASIN. The brand owner claims that Amazon sellers who sell their product under a particular detail page are infringing intellectual property rights. Amazon shifts the responsibility for enforcing intellectual property rights onto the seller. Multiple complaints can result in account suspension.
MSRP — The manufacturer's suggested retail price. It is the price at which the manufacturer offers their products for sale. It is displayed above the selling price on Amazon when the item's price is lower than the MSRP.
PL (Private Label) — Private label products are products created by one company to be sold under another brand. If you sell a private label product on Amazon, you are a private label seller. PL sellers find a product with high sales and create their own unique brand out of it to sell on Amazon.
RA (Retail Arbitrage) — This model of selling on Amazon involves sourcing cheaper items from retail stores and reselling them at a higher price on Amazon for a profit.
Published: April 25, 2024 · Author: spc
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