What is Amazon Singapore (Amazon.sg)? Amazon Singapore (Amazon.sg) Review

What is Amazon Singapore (Amazon.sg)? Amazon Singapore (Amazon.sg) Review

Amazon Singapore (Amazon.sg) is the leading e-commerce website in Singapore. It is also an e-commerce website with a good reputation and high transaction volume in Singapore. It is an independent website launched by Amazon, a world-renowned e-commerce company, to serve Singapore e-commerce.



Singapore Business Introduction


1. Singapore consumers are highly dependent on Chinese goods - China is Singapore's number one trading partner.


2. China-Singapore Free Trade Agreement - There is no tariff on any goods exported from China to Singapore.


3. Singapore is one of the richest countries in the world, with a per capita income of US$94,100.


4. Singapore’s e-commerce annual sales growth rate is expected to reach 14.7% (CAGR from 2019 to 2023). By 2023, Singapore’s total annual e-commerce sales will reach US$8.55 billion.


Store opening process


Step 1: Notice for opening a shop


Before opening a store, please read the following carefully to understand the local product categories, store opening fees, and account registration information to ensure that your products can be sold on Amazon Singapore. You should also further understand Singapore's tax system and consumption tax policy.


• Introduction to store opening rules: Understand Amazon’s store opening policies and the types of goods allowed to be sold in Singapore.


• How to register an account: Please refer to the Singapore Account Registration Guide and Seller Qualification Review Process.


• Store opening costs: Learn about Amazon’s charging policy in Singapore.


Step 2: Upload products


After registering an account, you can start uploading products.


• How to list products: Watch the instructional video to learn how to upload products.


Step 3: Logistics and delivery


You can choose to fulfill the order yourself or use Amazon Logistics+ (FBA) to reduce costs and increase delivery speed.


• Amazon Logistics Fees: Check Amazon Singapore Logistics Fees.


• FBA fee estimates: Use the FBA fee calculator.


Step 4: Boost sales


Using Amazon-related promotional tools and service solutions can help increase your product traffic and sales.


• Increase exposure for your products by leveraging promotions. Participating in Amazon’s special flash sales and 7-day promotions can help increase sales.


Fees


Monthly service fee is free before December 31, 2020 (original price 29.95 SGD/month)


Frequently asked questions


What materials do I need to submit for registration?


ID card and business license, as well as some other additional materials: such as bank account statements or credit card statements within 90 days.


What fees do sellers need to pay on Amazon Singapore?


The fees for opening a store include commissions, storage fees, referral fees, and commissions. If you choose to use Amazon Logistics (FBA), the fees will also include storage fees and logistics fees.


Monthly commission fees on the Professional selling plan are waived now through March 31, 2020.


Can I list all product categories on Amazon Singapore?


There are now more than 20 categories open to sellers. If you want to know more about the types of goods that can be sold, please refer to the types of goods that can be sold.


Can I use my existing Amazon Marketplace Web Service account/authorization code for system integration?


Can.


What tools does Amazon Singapore provide?


You can choose to deliver the goods by yourself or choose Amazon Logistics Service to deliver the goods. Please note that only products delivered by Amazon Logistics Service can participate in Prime membership activities.


If I have registered my brand on Amazon North America, do I still need to register my brand in Singapore?


Yes, you need to apply for the new Amazon Brand Registry 2.0 in Singapore.


What currency do I receive in my trade?


The buyer pays in Singapore dollars. If you are a foreign seller, you can choose to use Amazon's global payment service, and you will receive payment in the local currency of your bank account.


Do I need to establish a business entity or register a bank account in Singapore to receive payments from buyers?


unnecessary.


Will my existing ratings and reviews on Amazon US be transferred to Amazon Singapore?


Yes, they will all be transferred.

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