Amazon FBA Long Term Storage Fee

Just a reminder…you have less than two weeks to remove any excess FBA inventory for free.

On August 15^th, Amazon will be charging a long term storage fee for items that have been in storage for longer than one year.  The fee is $45 per cubic foot (about $1.10 for an average size book and $4.58 for an average size toy).

It is IMPORTANT to note that this only applies to items with multiple ASIN numbers.  In other words, you will only get charged if you have more than one copy of the same item.

Currently, Amazon is letting you destroy items for free (if they have been in storage for longer than 270 days).  You have until August 15^th to take advantage of this deal.  You can also have items sent back to you for only $.20 each (this includes shipping).

I’m personally using this as an opportunity to get rid of about 5,000 mass market paperbacks that have been sitting in storage for about 3 years.  The price of most FBA mass market paperbacks has dropped well below $3.00 which makes it virtually impossible to profit from these books.  In my opinion, destroying them for free is the best option.

Amazon has just released a new tool that identifies and removes inventory that is a risk of being charged the long term storage fee.  I just tried it and it was extremely easy.