This blog post goes out to all you wonderful Amazon FBA sellers, at all levels, who are working through the realities of trying to get a good ROI (return on investment) in your FBA business. That should be all of you, right? You’re all trying to get a good ROI and make money, right? Maybe
Podcast Episode 127 – What is a Good ROI for Amazon Resellers?
Return on Investment (ROI) is a really important concept to wrap your head around when you’re deciding how to structure your Amazon business. Concepts like the “rule of three” can be a good starting point to guide your decision-making process to help you receive 100% ROI every time. During this episode, we discuss why it’s
Calculating Amazon FBA Fees – Know Your Numbers and Make Better Buying Decisions
A while back I saw a video of a reseller doing something that really scared me. I still have nightmares when I think about it for too long. I decided to show a short clip of this video to my wife. She actually screamed at the TV: “Nooooooo!!!!!!!!” She was just as terrified as I was. In
Why Amazon Sellers Might Sell at a Loss (and How that Impacts You)
“Selling at a loss?! Why would an Amazon FBA seller do that? I’m here to make money – isn’t everybody?” It might be strange, but selling inventory at a loss is a situation that comes up from time to time in the Amazon FBA world. If you think the idea sounds ridiculous, you’re not the
Case Study – Electronics Sales Ranks and Competing Against Amazon
In this blog post, I asked you, according to your own sourcing strategies, if you would buy a particular Electronic item or not. Here’s the item we looked at: Product: Adonit Jot Pro Fine Point Stylus – Silver ASIN: B00931DHKM Clearance price at Target: $3.94 Total available for sale: 20 NOTE: This post was updated
How to Use Inventory Lab to Track Supplier Profitability
Let’s talk profitability, shall we? You’ve likely heard us mention that we use the Inventory Lab software package to streamline our process of listing inventory on Amazon FBA and for sourcing inventory through the Scoutify app. Today we want to share with you another feature of Inventory Lab that we’ve come to depend on: the
Why I’m Not Worried About the Post-Christmas Amazon Price Drops
A quick question: Did you sell out of your entire inventory before Christmas? Neither did I. During Q4, many Amazon sellers get used to the abundance of sales that come with the Christmas season. Actually, we get spoiled with so many sales per day that when January arrives, we get scared. All of a sudden the
Lowering Prices vs. Pulling Items From Amazon Inventory
I have totally updated my views on this topic. Back in 2013, this was a good strategy, but now it’s totally outdated. Here my my most up to date teaching on this topic: How to Decide if You Should Lower Your Price (or Hold Your Price) Sometimes it’s inevitable. You’re not going to get the
FBA Pricing Tips on “Out of Season” Products
Earlier this week, we talked about selling seasonal items via FBA. Seasonal items don’t just sell during their “proper” season; they sell year round. Getting seasonal items to an FBA warehouse as soon as possible is the smart (and profitable) thing to do. You don’t make any money with products sitting at your house. With