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How to Sell $10k/mo on Amazon | SellerAmp Seller Hour LIVE Q&A

Introduction

Welcome to another SellerAmp Seller Hour! Happy Tuesday! As we dive into one of the best days of the year for Merch and sales on the platform, we are here to answer your questions. Whether you're a new seller, looking to scale, or aiming to take advantage of Q4, we welcome your inquiries. Last week was an exciting time for many sellers, and our aim is to assist you in maximizing your opportunities in the marketplace.

Why Match?

It’s rare, but today we both showed up wearing matching black T-shirts! It’s a fun coincidence that we’re both here in unison to guide you through the ins and outs of selling on Amazon. For those who don’t know, we go live every Tuesday at 4 PM Eastern on various channels, and our focus today will include answering your questions about Amazon sales, especially regarding the current Q4 period.

Quick Tips for Q4

  • Retail and Online Arbitrage: Now is the time to maximize your sales through retail and online arbitrage, especially since it's too late to send more inventory to FBA. Utilize local stores like Walmart and Target to find profitable items.

  • Storefront Stalking: This strategy allows you to easily identify winning products from successful sellers, saving you time compared to manual sourcing. By looking at vetted items, you increase your chances of finding profitable products.

  • FBM (Fulfilled by Merchant): Selling products as FBM allows for quicker restocking and helps improve cash flow over FBA. If your inventory is at home, it makes sense to list it as FBM right now.

Avoiding Unnecessary Risks

When sending inventory to FBA at this time, remember that it might take weeks for those items to sell. An ideal time to start sending inventory again might be around December 25th or 31st. This suggests that for now, FBM is the way to go.

Preparing for Q4 Sales

A key takeaway is to keep the momentum going by using tools and strategies that help streamline your processes. From utilizing SellerAmp for its features in sourcing and tracking products to leveraging the benefits of expedited shipping when necessary, every detail counts.

  • Use Everything at Your Disposal: Make sure to look for the best practices around discount gift cards, loyalty rewards, and maximize your Amazon seller tools. If items are currently selling well, consider bundle sales or promo strategies to enhance the buying experience.

Q&A Highlights

  1. Sourcing Strategies: Many beginners often ask about the difference between sourcing on SAS (SellerAmp) and manual sourcing. The beauty of using SAS is that items are already vetted, ensuring what you’re picking has a history of sales.

  2. FBM vs. FBA: For those with limited funds, using FBM allows testing with fewer quantities and quicker cash flow, making it an apt choice against FBA.

  3. Dealing with Playoffs: If you're facing inventory woes or there’s pricing pressure, consider reducing your price marginally to gain traction.

  4. Join Our Free Live Class: We are offering a free live class tomorrow at 7 PM Eastern – it’s the last class of the year. Be sure to register to gain insight that you won’t find elsewhere.

Conclusion

Remember that selling on Amazon takes practice and continuous learning. Take the time to explore these various tools, strategies, and insights, and be prepared to adapt as the marketplace evolves.

Keywords

  • Amazon Selling
  • SellerAmp
  • FBM (Fulfilled by Merchant)
  • Retail Arbitrage
  • Online Arbitrage
  • Q4 Sales
  • Merch Fulfillment
  • Discount Gift Cards

FAQ

Q1: What is the difference between sourcing on SAS and manual sourcing?
A: Sourcing on SAS helps you find already vetted items that sell well, while manual sourcing requires more effort and time without guarantees of profitability.

Q2: Is it better to sell FBM or FBA for beginners?
A: FBM is better for beginners as it allows for quicker learning, lower capital commitments, and better cash flow.

Q3: When is the right time to resume sending inventory to FBA?
A: It’s generally advisable to resume sending inventory to FBA after the holidays, around December 25th or 31st.

Q4: Where can I access free Amazon education?
A: You can register for our free live class to get exclusive insights that are not shared elsewhere.

Q5: What should I do if my product has not made sales yet?
A: You should check your shipping template and also consider lowering your price to attract buyers.

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