How To Transfer An Amazon Account To Someone Else

Summary

This video script outlines a step-by-step guide for transferring ownership of an Amazon FBA business, a process Amazon doesn't typically favor. It starts with granting read-only access to the buyer, followed by a transition to full admin control, updating business details, and notifying Amazon of the legal and banking changes. The script emphasizes the importance of communication with Amazon and suggests keeping the original admin on the account for an additional 30 days for continuity. It also advises changing the root email to avoid complications, especially if it's a free service like Gmail. The video is aimed at helping online entrepreneurs navigate the complexities of business transfers on Amazon's platform.

Takeaways

• 🔑 Start by granting the buyer or seller read-only access to the Amazon FBA account to familiarize them with the operations.
• 🔄 Ensure the new owner accesses the account daily for about 30 days to establish a recognized IP address with Amazon.
• 📝 After payment, transition to full admin access to allow the new owner complete control over the account.
• 🤝 Both the buyer and seller should have admin access during the transition to facilitate a smooth handover.
• 🏢 Update the company details in the account to reflect the new owner's business information.
• 📋 Complete a new tax interview with Amazon as part of the company details update process.
• ✉️ Notify Amazon via a ticket about the impending change in the legal entity and bank account, providing a 48-hour notice.
• 📍 Update the account's address and telephone information to align with the new owner's details.
• 🚫 Be prepared for the account to be temporarily suspended during the bank account change process.
• 👀 Keep the original admin user on the account for an additional 30 days post-transition as a safety measure.
• 📧 If the root email is a common service like Gmail, change it to a more controlled email address to avoid complications.

Q & A

What is the general process for transferring ownership of an Amazon FBA business?

The process involves giving the new owner read-only access to the account, then full admin access, updating company details, submitting a ticket to Amazon about the legal entity and bank account changes, and finally updating the address and telephone information.

Why is it important to give the new owner read-only access to the Amazon account?

It allows the new owner to familiarize themselves with the account and for Amazon to log the new IP address, which is crucial for the transition process.

What does the term 'admin user' mean in the context of transferring an Amazon FBA business?

An admin user has full control over the Amazon account, including the ability to make changes and manage the business operations.

Why is it necessary to update the company details after acquiring an Amazon FBA business?

Updating the company details is crucial to reflect the new ownership and to ensure that the business operates under the correct legal entity.

What is a 'tax interview' in the context of Amazon FBA business transfer?

A tax interview is a process where Amazon verifies the new business information and tax details after the company details have been updated.

Why should the new owner inform Amazon about the intention to change the bank account?

Informing Amazon helps them prepare for the change and understand the reason behind the bank account update, which is part of the business transfer.

What should the new owner do if the Amazon account gets suspended after the transfer process?

The new owner should not worry as account suspension is common during this process. They should wait for Amazon to review the changes and possibly reach out for further information if needed.

Why is it recommended to keep the old admin user on the account for 30 days after the transfer?

Keeping the old admin user on the account provides a safety net in case issues arise with the new account admin, allowing the old admin to assist in resolving any problems with Amazon.

What is the significance of changing the root email associated with an Amazon FBA account during the transfer?

Changing the root email to one that the new owner can control is important to avoid potential issues with third-party email services and to ensure seamless communication and control over the account.

What is the role of the Aussie Online Entrepreneurs community in the context of this video?

The Aussie Online Entrepreneurs community is a group of e-commerce entrepreneurs that the presenter is a part of, and they provide support and resources for building and managing online businesses, including Amazon FBA businesses.

How can someone learn more about the Aussie Online Entrepreneurs community and their offerings?

Interested individuals can visit www.ozzyonlineentrepreneurs.com.au, where they can find more information and possibly join the community.