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InnerScope Hearing Technologies, Inc. Announces its Personal Sound Amplifier Products Are Now Offered to Amazon Prime Subscribers
InnerScope Hearing Technologies, Inc. Announces its Personal Sound Amplifier Products Are Now Offered to Amazon Prime Subscribers.
About this update from Innerscope Hearing Technologies, Inc.
[{"type":"text","content":"\nThe Company is using \"Fulfillment by Amazon\" (\"FBA\") for the promise of FREE, FAST Shipping which is a big selling point for Amazon's customers\n ROSEVILLE, Calif., May 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--InnerScope Hearing Technologies, Inc. (OTCQB:INND) announced today its Personal Sound Amplifier Products (\"PSAPs\") currently sold on Amazon became Prime-eligible for Amazon Prime subscribers. Prime-eligible means, the Company's PSAPs are eligible for free two-day shipping, one-day shipping, and even same-day shipping in certain locations. InnerScope became Prime-eligible after Amazon received the necessary required inventory for Amazon to do the FBA for Company's PSAPs products. Using FBA service, the Company will ship their products to Amazon fulfillment center, where products are stored until a new order arrives. Once received the new order, the product will be packed and shipped directly from Amazon. Additionally, under the FBA service Amazon handles all returns requests and any customer service needs that the customer has. The FBA service gives InnerScope the ability to focus more of its efforts on sales and marketing campaigns, as compared to fulfillment services. Amazon Prime has reached a milestone number of subscribers: CEO Jeff Bezos says the service has more than 100 million members. The announcement came in Amazon's annual shareholder letter which was published April 18, 2018, Bloomberg reported. According to Statista, Prime members spend an average of $1,300/year on Amazon, whereas non-Prime members spend just $700/year. Also, according to Fortune, the Consumer Intelligence Research Partners estimates that Amazon currently has 90 million U.S.-based Amazon Prime subscribers. In fact, 63 percent of the eCommerce are Prime members, and in the past 12 months, the total subscriber base has grown by 38 percent. \"We are thrilled to be able to offer our PSAPs to the millions of Amazon Prime subscribers,\" said Matthew Moore, CEO of InnerScope Hearing Technologies. \"With over 40 million people in the U.S alone that struggle daily with hearing issues, we believe our PSAPs will be a unique product from which Amazon and Amazon Prime subscribers can now easily order. We know the FBA service makes the process easier, especially for managing high volume of sales. Amazon is one of the mo...