Returns are one of the biggest pains of the holiday season for FBA sellers, and not just because it's added work after such a busy time of the year and does nothing for your bottom line. However, the better prepared you are now, the less 2024 post-holiday Amazon returns will drag you down.
From mitigating returns to ensuring you are up-to-date on all of Amazon's 2024 return policies, the best plan for success starts with what you are doing right now. Read on for our top tips and tricks to make your 2024 holiday returns process as smooth as possible.
Amazon's 2024 Holiday Return Policy
Amazon extends its standard return window each holiday season to accommodate the influx of gifts and purchases. The 2024 extended return window for items purchased between November 1, 2024, and December 31, 2024, gives buyers until January 31, 2025, to initiate a return. The only exception is for Apple products, for which the return window closes on January 15, 2025.
The eligibility criteria for FBA returns remain the same, but FBA sellers should always ensure they are up-to-date on Amazon's return policies for specific product categories.
2024 Pre-Holiday Returns Prep
You can't completely eliminate returns, but a proactive approach can significantly reduce them. Here are a few tips to help FBA sellers stay ahead of the game:
Optimize Your Product Listings
Many of the most easily avoided returns come down to customers who bought the wrong item or didn't understand what they were getting. The better your product listings, the less likely this is to happen.
Clear descriptions that avoid vague language and provide precise details about dimensions, materials, and functionality help to ensure satisfied customers. They can also make your products more appealing to shoppers in the first place.
High-quality visuals like professional photos and videos allow shoppers to get a good look at your products from all angles. Zoom in on important details, demonstrate functionality and ensure that colors and textures are accurately represented.
Highlight key features and explain how they benefit the customer. Focus on how your product solves customer's problems and addresses their needs.
Strategic Inventory Management
Find the sweet spot in your inventory plans to avoid overstocking and excess post-holiday inventory.
Accurate demand forecasting comes from analyzing historical data and trends, both for past holiday seasons and recent promotions and special events like Prime Day. Our free tool, Copilot Lite, helps sellers accurately get into action around speed of inventory replenishment. It saves sellers valuable time by having to aggregate multiple complex data sources.
Plan for returns when you are considering your inventory well into February. Past return rates for similar products may give you a good starting point when forecasting, as well as any adjustments you made compared to previous years that could mitigate returns.
Spread the risk by offering a variety of products. The less you depend on a limited number of products, the less likely you are to have major problems if something causes a high number of returns for one product.
Proactive Customer Communication
Good customer service can help to solve customer problems or prevent a return altogether. Effective customer service hinges on a few key factors:
Be responsive to customer questions. Address concerns promptly and thoroughly and look for ways to solve problems without a return when possible.
Personalize communications and avoid generic responses. Address customers by name and reference the specific product and order.
Offer solutions to address the customer's concerns. You may not be able to avoid the return altogether, but turning it into an exchange can not only be better for you, but encourage the customer to come back in the future.
Leverage Amazon's FBA Programs for 2024 Post-Holiday Returns
Amazon offers several programs to help FBA sellers manage returns effectively, and they can save you time and money.
FBA Grade and Resell allows Amazon to evaluate returned items for re-listing as "used" under a separate listing. This can help you recover some value from returned products that are still in good condition.
Returnless Refunds can be a more cost-effective option for low-value items, and they are also more convenient for the customer. This can save return shipping costs and processing while ensuring a happier customer.
Analyzing 2024 Return Data
The effort you put into collecting and analyzing returns data now will save you effort later and help keep future returns in check.
Systematically record key metrics:
Calculate return rate for the holiday season overall and compare it to previous years.
Categorize returns by reasons that customers provide, such as "defective," "wrong size," or "didn't meet expectations" to help you identify where the problems are.
Identify trends and patterns in your return data. Are certain products being returned more frequently? Are there common reasons for returns across different products?
Turn Insights into Action
Optimize your listings by using return data to identify problems that may cause customers to choose your product by mistake.
Adjust inventory forecasting for the future based on your most recent return data.
Improve communication with customers based on common misunderstandings about the product or ways to prevent similar returns in the future with improved customer support.
Maximize Your 2024 Post-Holiday Efficiency
Even after the holiday rush is over, maintaining profitability and customer satisfaction requires an efficient and effective returns process. That is a lot easier when you have the right partners and tools helping you out with everything else, so you have the resources to manage returns.
If you’re interested in seeing what Mayan can do for your Amazon FBA business, sign up today. We’re excited to show you our platform and run an audit to show you the opportunities our platform can provide. Once we’re aligned on your goals, we can get started bringing your business to the next level. Ready to see how Mayan can help?