One of the key components of moving forward to greater success in your Amazon FBA business is rightly understanding the relationship between time and money. When it comes to running a business, you must understand the finite nature of your resources. Your time and energy are limited. Once you spend them, you can’t get them
How to use Scoutify to Find Profits in Amazon Restricted Items
It’s so frustrating. You’re out sourcing for inventory and finally find a profitable item, only to discover you’re restricted from selling that item on Amazon. Seriously?! When this happens to me, I usually just put the item back on the shelf and keep sourcing. I try to forget about that restricted item and move on with
How to Compete against Amazon and Win
I’ve heard it before and thought it was true. Well meaning people have said, “If Amazon is selling the item, then run away as fast as you can. You can never win against Amazon.” I followed this advice for many years thinking if I were to compete against Amazon, I’d always lose. It turns out they
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
Overcoming Your Fear of Buying High Ranked Items
I’m like any other Amazon FBA seller out there – if I could source and sell only low ranking, fast turning items at 100% ROI (return on investment) or higher, I would choose to do that every day, all day. That’s what we all want to do, right? Maximize our ROI and maximize the speed
Overcoming Your Fear of Creating Listings
For many online resellers, one reason we transition out of selling on eBay to selling on Amazon FBA (Fulfilled by Amazon) is so we don’t have to constantly be creating listings. The number of items in the Amazon catalog runs in the millions, so it’s possible to spend your entire FBA career not creating a single
How to Find Out Exactly Which Items Will Be Charged Long Term Storage Fees
UPDATE: Amazon has recently updated their Inventory Age report, and this post is now outdated. What I teach below still works, but there is now a much easier way to find what you’re looking for. Click here see my latest training report on how to find out exactly which items will be charged a Long Term
A Case Study in Sales Rank
Today we’re going to look at the sales rank history of a specific book I’ve been following for over seven months. I first found The Boy Captives at a thrift store near my home and quickly bought it. The book had a rank of about 1 million and was being sold as used on Amazon
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