Are you ready to tackle one of the biggest challenges for Amazon sellers – finding the right price for maximum profit without losing sales? After securing great inventory, pricing is the next critical step in your Amazon business success.
In this episode, we’ll cover the most common pricing mistakes, from newbie pitfalls to experienced seller missteps, and share strategies to help you achieve the “perfect price” every time. Plus, we’ll reveal our top tool for automated repricing, discuss how it’s transformed our own business, and how it can best help greatly impact your Amazon profits.
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Key points from Episode 266:
Common pricing mistakes Amazon sellers make and their impact on profits.- Definition of the “perfect price” and why it matters for maximizing sales.
- Pitfalls of pricing based on personal expectations versus market demand.
- How Amazon’s “Buy Box” influences pricing and the need for constant adjustments.
- Benefits of using an automated repricer like BQool to optimize prices.
- Our personal experience and results using BQool, including access to our repricing rules.
Links and resources mentioned in this episode:
Bqool Automatic Amazon Repricer- Contact form to request our personal Bqool repricing rules
- The Reseller’s Guide to Pricing for Profits course
- The Full-Time FBA Coaching Program
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THE FULL-TIME FBA
COACHING PROGRAM
Selling on Amazon might sound easy… but it’s not. Too many Amazon reseller “gurus” will try to get you to fall for an Amazon reseller “get rich quick” scheme, but we’re here to tell you the truth:
- Selling on Amazon is hard, especially when you’re all by yourself… BUT it’s so much easier with a guide — and we’re here to help.
- Selling on Amazon is not a “get rich quick” scheme… BUT it can be a “get rich slowly” plan. With commitment to working hard, combined with our expert guidance, you can start making a full-time income selling on Amazon within about a year.
That’s why you’re invited to join our 6-12-month long Full-Time FBA Coaching Program. No matter if you’re brand new to selling on Amazon or if you have a few years of experience, our coaching program will take you from where you are to making a full-time income in about 12-months.
We’ve been coaching sellers like you for over a decade and have found what it takes to help you make that full-time income dream into a reality. Find out more about The Full-Time FBA Coaching Program (including how to set up a Connect Call with me to ask your specific questions about the program).
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I manually reprice based on AVERAGE Sales Rank. There’s no need to match the Buy Box or lowest price for super- fast and fast-selling items. For longtail items, where you want to be the next sale if at all possible, I use Amazon’s repricer. It’s free and will match the lowest offer just as well as the paid repricers.