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How to Sell on Amazon LIVE Q&A

Introduction

Hello, everyone! I hope you're all having a fantastic Friday and making some good money selling on Amazon this week. As the back-to-school demand ramps up, I hope you're seeing a noticeable improvement in your sales. Today, I'm here to hang out for the next 30 minutes or so to answer any questions you might have about selling on Amazon. Let's get started!

First, a little about my week: it's been solid regarding sourcing, and the back-to-school rush is already showing promising signs. I hope you all can take advantage of that too. I've also been busy preparing for our upcoming live Amazon class on Tuesday night, where we'll dive into the ins and outs of scaling your Amazon business.

We have some exclusive tips to share, especially around the back-to-school season, so be sure to join Miles and me for that event.

Q&A Highlights

Some tracking FBM and FBA strategies:

  • If you're an FBM seller, stick with what you're doing and test some FBA as well.
  • For Dollar Tree sourcing, while I haven't done much myself, many find success with small, unknown brands that don’t require ungating.
  • Shipping 100 units in a single box? If they're light enough, do a case pack to avoid splitting your shipment.
  • Got a profitable Retail Arbitrage item but can’t get ungated? Try using online invoices from brands like Target or ASAU Soccer to get ungated.
  • Amazon seller advice for dealing with requirements like free shipping: Most sellers opt for free shipping because it’s expected, and the pricing usually adjusts to accommodate this.

Source leads effectively:

  • Check out recent YouTube videos for live sourcing demonstrations.
  • Make the most of tax-free weekends in your state to Source at higher margins.
  • Storefront stalk: Look at backpack listings during the back-to-school season to find the types of products that sell well together.

Ungating and Invoicing:

  • For high-demand items, use invoices from reliable stores to get ungated. Sometimes, adding tracking info and pictures can resolve issues if ungating gets denied.
  • When you're starting, familiarize yourself with essential terms like ROI (Return on Investment) and Follow solid sourcing strategies shared in videos and free courses.

Optimizing Shipments and Prep Centers:

  • For shipments over 200 units, use Amazon optimized settings; for less, use Inventory Placement.
  • If you're looking for a prep center, test multiple ones with small batches to assess shipping times and hidden fees.

Wholesaler Interactions:

  • If attending trade shows like ASD, come prepared with a list of brands and products you're interested in to start conversations with suppliers.
  • For listings handled by a single seller for a long time, beware of IP complaints.

Other Seller Tips:

  • If you're a beginner, selling items over $ 20 is recommended to balance shipping costs.
  • Set repricer rules to periodically pull prices up.
  • Don’t hesitate to delete old listings to avoid IP complaints, and handle perishable items with care to maintain customer satisfaction.

Remember, we have various tools and resources to help you, like Seller Amp and Boxum, which are great for tracking numbers and managing shipments. We look forward to seeing you at our events and classes!

Keywords:

  • Amazon Selling
  • FBM Strategies
  • FBA Tips
  • Ungating
  • Invoicing
  • Sourcing Leads
  • Inventory Placement
  • Prep Centers
  • Wholesaler Interactions

FAQ:

  1. Is it necessary to offer free shipping?

    • Yes, most sellers offer free shipping because customers expect it, and it can make your listings more competitive.

  2. How do you get ungated for popular brands?

    • Use online invoices from reliable stores like Target. Sometimes adding tracking information and product images can help.

  3. What’s the best strategy for optimizing shipments?

    • If shipping over 200 units, use Amazon optimized settings. For fewer units, opt for Inventory Placement.

  4. Can I scale my Amazon business while working a 9-to-5 job?

    • Absolutely! Many successful sellers manage to run their Amazon business alongside a full-time job.

  5. How do I prepare for a trade show like ASD?

    • Come with a list of brands and specific products you are interested in. This shows suppliers that you are serious and knowledgeable.

  6. What's ROI in Amazon selling?

    • ROI stands for Return on Investment. It measures the profitability of your investments.

  7. How do I manage my numbers and track profits?

    • Use tools like Boxum to track profits, fees, and other important metrics.

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