LIVE Money Monday Amazon Seller Talk

Introduction

Happy Money Monday, everyone! It’s great to be back after a couple of weeks away due to travel. Today, I’m excited to join you in this livestream where all seven-figure Amazon sellers come together to share insights and answer your pressing questions. Remember, we go live every Monday at 5 PM Eastern Time, so if you're catching this on replay, we’re glad you’re here!

Gathering Insights and Sharing Experiences

Initially, we discussed the absence of Garrett and noted some familiar names in the chat. It’s always a pleasure to see active participants in our community, such as Arman, Andy, and Dan.

One exciting highlight shared was Kathy’s first FBM (Fulfilled By Merchant) sale. We cheered her on and encouraged her to explore other products within that brand that could also be profitable. As the conversation continued, we touched upon topics about the current status of shipping deadlines, particularly for Black Friday and Christmas. Early submission of inventory is highly recommended, and FBM might be your best route to maximize profitability during this season.

Amazon Selling Strategies

We addressed a question from David regarding using manufacturer’s barcodes and co-mingling products. I advised against it due to the risk of unreliable sellers leading to potential negative repercussions.

Andy presented an excellent question about shipping deadlines for Q4, emphasizing that sellers should begin planning their shipping strategies immediately. After this, we shifted focus to retail arbitrage and wholesale strategies, discussing how to source products effectively and maximize ROI.

One attendee, a budding seller, shared their impressive $ 25,000 in sales from FBM in their first month! That set the stage for discussions around scaling and the challenges of managing inventory efficiently.

Another key point discussed was the necessity of obtaining invoices for selling gated items and how to go about reaching out to brands for wholesale arrangements. For those just starting out, leveraging online resources and building a brand presence to connect with manufacturers is crucial.

Upcoming Events for Learning

We announced a free live training session scheduled for October 30th at 7 PM Eastern. This session aims to impart invaluable insights into selling on Amazon and is highly recommended for both beginners and seasoned sellers.

Conclusion and Encouragement

To wrap up our session, we encouraged audience interaction through Q&A and suggested the importance of maintaining consistent presence and learning about the Amazon marketplace. A highlight of the discussion focused on transition strategies, emphasizing that it’s not necessary to shift from online arbitrage to wholesale; sellers can thrive in either model individually.

Keyword

• Money Monday
• Amazon Seller Talk
• FBM Sale
• Shipping Deadlines
• Retail Arbitrage
• Wholesale Strategies
• Scaling
• Gated Items
• Free Training Session

FAQ

Q1: What should I consider when starting FBM?
A1: When starting with FBM (Fulfilled by Merchant), ensure you have a good understanding of your shipping process and product sourcing strategies. Prioritize listing products that can turn over quickly and efficiently.

Q2: Do I need invoices to sell gated items on Amazon?
A2: Yes, you will need legitimate invoices from approved suppliers to get ungated in gated categories.

Q3: How can I maximize my sales during Q4?
A3: To maximize sales during Q4, focus on fast-moving products, consider FBM for items with shorter shipping times, and start sourcing as early as possible to have inventory ready for the holiday rush.

Q4: Is it recommended to switch from retail arbitrage to wholesale?
A4: Not necessarily. Many successful sellers stick with retail arbitrage indefinitely. It’s up to personal preference and business strategy.

Q5: When is the next live training session?
A5: The next live training session is on October 30th at 7 PM Eastern Time. Make sure to register to gain valuable insights!