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I have a 9yr old ecom website, that's losing to Amazon. I signed up for a $35K FBA Store training org, that's a one lifetime fee. Can I amortize it over how many years?
I have a sole proprietorship and have 2 e-commerce websites since 2008. Sales increased every year until the last 4 years, it has declined. I think it is due to Amazon's dominance. I signed up for a $35K training package with FBA Stores who train and coach members to open and maintain successful Amazon Seller accounts. This $35K is a one time cost for lifetime training, which equates to as long as they are and we are still in business.
Unfortunately it has been a huge loss for so many people, and Amazon is now suing FBA Stores. In the meantime, I am out $35K.
Is there a way, like amortizing or depreciating this FBA Store training package?
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‎June 1, 2019
4:20 AM