Amazon Acronyms Translated
As an Amazon seller, it is a requirement for you to know the different acronyms and terminologies that are being used in the Amazon marketplace. Although other would not be that useful, it is still better to know and understand their meanings.
Below is a guide featuring 15 most used acronyms in Amazon that are significant in the marketplace.
- A9 (Algorithms)
It is a sub company of Amazon that develops engines released by them which is used either in searching or advertising.
- Amazon API (Amazon Application Programming Interface)
A product of Amazon Services which gives application programmers access to Amazon’s product catalog data.
- ACoS (Advertising Costs of Sale)
ACoS is an Amazon term used for their sponsored ads it is the indicator used to measure how much you spend in ads.
- ASP (Average Selling Price)
This refers to the average amount of money you make per item you sell on Amazon.
- *ASIN (It is a 10-character alphanumeric identifier used to distinguish the exact item you intend to sell.
- *EAN (European Article Number)
A typical product label with 12 or 13 digit number that composes the barcode wherein it is in tided for identifying the exact product, manufacturer and its attributes.
- *FBA (Fulfillment By Amazon)
Fulfillment by Amazon refers to an advanced fulfilled network where you can sell your items and Amazon will be responsible for the shipment.
- *FNSKU (Fulfillment Network Stock Keeping Unit)
FNSKUs are unique identifiers assigned by Amazon to products stored in and fulfilled from Amazon fulfillment centers.
- *GTIN (Global Trade Item Number)
This 14-digit identifier can be used by Amazon to track all of its trade items.
- ISBN (International Standard Book Number)
The ISBN is a barcode typically located at the back cover of the book. This barcode has 10 or 13 digits which uniquely identifies a book.
- MAP (Minimum Advertised Price)
In simple definition, Minimum Advertised Price is the lowest form of price a seller can advertise their products.
- *MFN (Merchant Fulfilled Network)
Being in a Merchant Fulfilled Network means that the item is being fulfilled by the merchant itself. If you are an MFN seller then you are in charge of everything-pricing, advertising and shipments.
- *MSRP (Manufacturer’s Suggested Retail Price)
This refers to the price that the manufacturer suggests their products should be sold. You will find the MSRP above the selling price if its current prize is lower.
- *MOQ (Minimum Order Quantity)
This refers to a certain requirement that specifies the lowest product quantity a retailer is willing to sell.
- *UPC (Universal Product Code)
The Universal Product Code is composed of a 12 digit number. This is used exclusively for retail packaging in the United States.
- *ROI (Return On Investment)
It refers to the performance measure of how much profit you can gain or earn from your investments on a product.
Every seller must know not just the translation of these acronyms but also the meaning behind them. This way, it is easy to understand the entire context of the message whenever you come across these words while running your business.