We’re all in the business of selling on Amazon in order to make money, right? It only seems logical that one of the most important questions in the early days of your FBA business is “When do I start paying myself from my business? And how much should I pay myself?” On today’s episode we’ll
How to Increase Your Amazon FBA ASP (Average Selling Price)
Today’s post is a follow-up to the previous article we posted about why you should consider trying to raise your ASP, or average selling price. If you haven’t read that first article yet, you might want to refer to it before diving into this one. For a quick review, your ASP is the average amount
How to Run “End of the Year” Inventory & Sales Reports for Tax Purposes
*Updated for 2024 I admit the topic of “end of year reports” is not all that exciting, but it’s very necessary… in fact, if you don’t do this right it could have some negative impacts on your business. No matter if you sell on Amazon as a serious income stream or as an occasional hobby,
Is Amazon FBA a Quick Way to Get Rich?
It’s a question we see all the time among new Amazon FBA sellers: Is Amazon FBA a get-rich-quick plan? When I see that question, I want to ask another question right back: Why are you asking that question? Before we dig deeper into this topic, I want to challenge you to read all the way
How to Get “Free” Money to Use For Sourcing
All resellers have the same goal. We want to buy as many profitable items as our business account will allow. Today’s blog post will help you find ways to come up with “free” money that you can spend on more sourcing! 1. Rewards Programs Many stores that you regularly shop at have some sort of
How to Handle Unfair Amazon Reimbursements For Damaged or Lost Inventory
When Amazon loses or damages one of your inventory items, it is their policy to either 1) find a replacement for your lost/damaged inventory, or 2) reimburse you the replacement value of your lost inventory (less any applicable FBA and selling on Amazon fees, of course). This is how most people imagine this reimbursement policy
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
Should I Take Out a Loan to Buy Amazon FBA Inventory?
If you’ve been selling on Amazon for any period of time, you’re bound to start getting offers from Amazon to give you a loan for your business. Typically these offers start out small (think $1000 range), and they grow and grow as your sales grow and grow – to the point that Amazon will eventually
Tips for Working with a Partner or Spouse at Amazon FBA
Perhaps you came to the Full-Time FBA blog because you’re wanting to grow your Amazon business into your full-time income. Or maybe you’re wanting to take it from a hobby to a good source of side income. Regardless, it’s one thing if you decide you’re ready to get further into selling on Amazon, but how does your
How to Handle Amazon FBA Money Issues With Your Spouse
Taking financial risks is a defining element of being an entrepreneur. After all, becoming your own boss and living off of an irregular income can be a pretty risky adventure to undertake. One of the biggest risks an entrepreneur faces relates to capital. Money is limited, so it’s crucial to use it correctly. While on the one hand