One of the most frequent questions I get asked is this:
“Stephen, you’ve made a full-time income on Amazon since 2012. How much inventory do I need to have in stock in order to make a full-time income with Amazon FBA?”
This is a great question because it really gives me an opportunity to share with you one of the biggest factors for exactly how you can finally make a full-time income selling on Amazon.
Another similar question I get asked often is this:
“Stephen, how much money do I need to invest into inventory in order to make a full-time income selling on Amazon?”
Again, this question also gives me an opportunity to share with you a very important aspect of successfully selling on Amazon.
To best answer these questions, I’ve put together a video explaining my answers.
Hopefully, a lightbulb has gone off in your head about what is really important about your Amazon FBA business. It’s not the quantity of your inventory… or even the amount of money that you invest into your inventory. It’s 100% about the quality of your inventory.
Is your inventory going to sell quickly? Is your inventory going to hold a higher selling price and not “tank” soon after arriving at an Amazon FBA warehouse? Will you have better, faster selling inventory?
If having an FBA warehouse filled with better, faster selling inventory sounds too good to be true, I’m here to tell you that it’s totally possible.
How? By properly using everything Keepa has to offer you in your Amazon FBA business.
You know how I use Keepa? Not only does Keepa show me the sales rank history and pricing history, it also shows me other important data, like buy box history, used item history, Amazon in stock history, competitor’s stock levels, and so much more.
To find out everything there is to know about using Keepa to make smart sourcing decisions, be sure to check out our course, The Reseller’s Guide to Keepa: Using Amazon Sales History to Make Smart Sourcing Decisions.
This course will walk you through everything you need to know to make sense of Keepa in ways you’ve never thought of. With this course, you’ll make better sourcing decisions, better pricing decisions, and you’ll grow your Amazon business to the next level by selling your inventory faster and at higher prices!
I can’t wait to share all of this info with you in our updated course, The Reseller’s Guide to Keepa.
What about you? Did you once think that you had to reach a “magic” number of inventory items in order to make a full-time income with Amazon? Do you see the wisdom in making sure your inventory is of much better quality instead of quantity? I’d love to hear your thoughts in the comments below.
*Post updated for 2020