FAQ
FAQ for Project Partners
What is Amazon FBA?
FBA, short for Fullfillment by Amazon, is a service Amazon provides to those who would like to sell products on the Amazon website but not have to handle the logistics. Sellers list their products on Amazon and then send their whole inventory to an Amazon warehouse. From there, the company takes care of shipping and distribution. Amazon FBA can make the e-commerce space accessible to more people by eliminating many of the logistical difficulties involved with running an online store.
In the traditional model, e-commerce businesses need to find or even rent space to keep inventory. Every order has to be individually packaged and sent out. Online store owners have to carefully catalog their product inventory to ensure that they never list something as in stock when it has sold out. All of this adds up to significant time and effort.
Through Amazon FBA, business owners can sell their products online without all the hassle. Amazon will even provide customer service to customers for most issues. Instead of getting bogged down in the details, business owners can focus on growing their business, marketing and creating new and exciting products. There are even options through Amazon’s multi-channel fulfillment program for those who still want to use their own website through Amazon.
Why focus only on selling Amazon FBA brands?
Amazon’s global reach and fulfilment program (FBA) takes out the hassle of having to worry about shipping products , processing returns or worrying about customer queries since Amazon handles all of that. This enables us to effortlessly scale even in new markets outside the United States without having to worry about storage space, staff and more. It allows easy transition after a sale of the business.
Why launch this project?
We are in a space filled with e-commerce aggregators flushed with investor funding running into hundreds of millions of dollars. This makes it challenging to find profitable e-commerce brands to buy that are undervalued or at fair market price as it becomes a game of who has the largest bankroll and is willing to offer more, thereby crowding out smaller investors seeking to buy or invest in profitable ecommerce brands.
We noticed this gap in the market and with our limited funds decided to address it in a way that will help us to increase our store inventory and expand into new markets effortlessly while maintaining integrity of our products by ensuring we don’t churn brands with the same products or founders which may appear to be a conflict of interest. This is why we work with partners from around the globe to ensure every store we sell is unique from the next. Each partner earns a rewards at different stages of the project including after the sale of the store and also gains access to our free course that ensures they have the necessary skills and some funds to run their own store with full ownership.
Is it legal to sell an Amazon Seller Account?
Selling only your Amazon Seller Account, according to Amazon, isn’t allowed. However, with this project we aren’t selling only the account: we’re actually selling the business, and the seller account is only one part of that business.
During the account transfer process, all personal details will be changed to the details of the new account owner. This means that after the account is sold, it will be legitimately used by the new account owner.
How do I get paid?
Payments will be made via cryptocurrency stable coins such as USDC for faster transfers and to save costs on international bank transfer fees. The partner will be required to open and verify accounts on cryptocurrency exchange platforms such as COINBASE which is regulated by the authorised and regulated by the Financial Conduct C, UK Financial Conduct Authority (“FCA”) as an electronic money institution.
You can transfer between USDC to your local currency and transfer to your local bank account within 2-3 working day
After the sale of the store, will my personal information be deleted immediately after the account transfer, or will it be stored on your servers for a certain amount of time?
After the account transfer is completed, the account does not store any information regarding its former owner. EBrandProject does store information about completed transactions in compliance with the law applicable in the country where an account was registered.
Surely, you will sell me on a service?
No. We do not try to sell anything to our partners down the line. We earn a profit from the store before and after sale(exit) and that is enough for us.
Is the project assistant based in my country?
Project assistants can be based anywhere in the world. Our criteria for choosing project assistants ensures they have a proven track record and knowledge about Amazon FBA in your local region.
Why do you need partners?
Our partners serve two key purposes
1). The enable us to increase our inventory while avoiding any conflict of interested (I.e ensuring each store we sell is unique from the next)
2). They enable us to effortlessly launch FBA stores in markets outside the United States
FAQ for Sellers
Which details will be changed during the account transfer process after buying a business?
It usually takes 2 to 5 working days to complete the account transfer process. Once it is completed, all the business details, credit card info, bank account details and address will be changed.
Is it legal to sell an Amazon Seller Account?
Selling only your Amazon Seller Account, according to Amazon, isn’t allowed. However, with this project we aren’t selling only the account: we’re actually selling the business, and the seller account is only one part of that business.
During the account transfer process, all personal details will be changed to the details of the new account owner. This means that after the account is sold, it will be legitimately used by the new account owner.
What are the requirements to sell my company?
Your company should meet the following requirements:
Clean book keeping with all existing financial statements
Montly profits of at least $2000
At least 25% margin
- Operating history of at least 6 months
Have registered trademarks for all products in all geographies you are selling in
What are the factors for the company valuation:
We look at multiple factors, including financials and operational setup. We also look at the development of the brand over time and attach great importance to product reviews, future growth potential, and product initiatives.
Do you also invest?
We only acquire 100% of shares or assets
Why should I sell now and not another time?
There are a myriad of reasons why entrepreneurs want to sell businesses. It could be to focus on their next project, or because they have taken their brand as far as they can, or something as simple as spending more time with their family. Our job is not to convince anyone to sell, but to be there when they are ready to explore a potential sale. Whether it’s tomorrow or in two years time, we still want to connect and learn more about your business. At the very least, you’re going to walk away with a free valuation of your business and some pointers on what to focus on for the next time we speak.
How much tax do I have to pay?
Each person’s tax situation is unique. Therefore, we recommend that you speak with a certified tax advisor to understand the tax implications of selling your business.
Is my data secure?
We always maintain full confidentiality. We will sign an NDA before you share any confidential information about your business with us.