No matter if you have one hundred, one thousand, or even ten thousand items in your Amazon inventory, having your items priced competitively is one of the best ways to increase profits. No matter how long your inventory has been sitting in an Amazon warehouse, it’s very likely that new competition has come into the
6 Things You Need to Know about the Amazon Buy Box
Perhaps the most important goal of any Amazon FBA seller is getting more sales, so today I want to cover a topic directly tied to the majority of sales on Amazon – the Amazon buy box. If you look on an Amazon product page, the buy box is the little box in the top right
The 2 Best Retail Arbitrage Sourcing Strategies
Retail arbitrage can be very profitable. The feeling of anticipation when you walk into a retail store is extremely motivating. I always advise other resellers to grab a shopping cart when they first enter a store because they need to be mentally ready for a big haul. Now, the big haul doesn’t always happen, but
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
Overcoming Your Fear of “Tanking” Prices
It seems to happen far too frequently. You buy an item (or multiples of an item), price it just right, send it to Amazon… and your competition starts to lower their prices. What once was selling for $29.99 is now selling for $15.99 only a week or so later. What happened? Why would someone want
10 Things You Need to Know For A Profitable Q4
Q4. For an online seller, it’s the most wonderful time of the year. Sales and profits seem to go through the roof as more and more people buy stuff online for the holidays. If you’re just assuming that Q4 is going to be great for you but you’re not doing anything differently, then you might
FBA Aged Inventory Notification (or How to Avoid Long-Term Storage Fees)
If you’ve been selling on Amazon at least 6 months, then it’s possible you will receive a FBA Aged Inventory Notification email from Amazon. Twice a year, (February 15th and August 15th), Amazon charges a long-term storage fee for all items that have been stored in a FBA warehouse for 6 months or longer. UPDATE: Starting
To Share or Not to Share a BOLO
In our last blog post, we talked about how to capitalize on a BOLO. We shared many ideas of how to make the most out of both your time and your money when it comes to a BOLO. Note: In today’s blog, we’ll be discussing retail store BOLOs (not garage sale, thrift store, or other
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
Patience vs. The Race To The Bottom
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) The life of a reseller has its highs and