The Full-Time FBA Show - Amazon Reseller Strategies & Stories
Business:Entrepreneurship
A race to the bottom isn’t the kind of race you want to win. By beating your competitors' prices to the bottom, you can ruin your chances of making good ROI. In this episode, Stephen and Rebecca Smotherman go into detail about “racing to the bottom” and discuss some of the best ways to avoid it.
To kick things off, we first look at how racing to the bottom is a sometimes drastic lowering of prices between two or more competitors, until nobody has any profits left on the table. Following this, we look into the multiple reasons Amazon sellers participate in this race and how almost no one wins. We then dive into some of the ways to help you not fall into the trap of racing to the bottom. We explain the importance of knowing the nuances of supply and demand, the need for special tools to track inventory like Keepa, repricing the right way, and, of course, adopting the right mindset. Lowering prices isn’t always a bad thing though, as we also look at various occasions when price-lowering isn’t just a good idea, but a necessity too. To hear more on how you can optimize your prices, be sure to join in today!
240 – More Book Seller Sourcing Tips for Amazon FBA Profits
239 – The #1 Amazon Seller Newbie Mistake
238 – Is Selling via Amazon FBA Passive Income?
237 – This is Why You're Not Making a Full-Time Income on Amazon
236 – Building an Amazon FBA Business in an Unpredictable Economy
235 – How to Sell Through Your Slow Moving (Aged) Inventory
234 – Two Foolish Ways to Run an Amazon FBA Business
233 – The Best Habits for Amazon FBA Sellers to Master
232 – Incorrect Assumptions that are Costing Your FBA Business Profits
231 – Best Practice for SOPs in Your Amazon FBA Business
230 – How Not To Waste Your Time as an Amazon FBA Seller
229 – Don't Sign Up for Amazon's new SIPP program. Here's Why!
228 – When or If It's Time to Fire Your Wholesale Supplier
227 – Wholesale Sourcing Red Flags
226 – Why We Avoid Stickerless Commingled Inventory at Amazon FBA
225 – Are "Done For You" Automated Amazon Agencies a Scam?
224 – How to Deal With Amazon's High Price Error Alerts
223 – Three Critical Components to Thriving on Amazon (Despite the Economy)
222 – 5 More Mistakes Even Smart Amazon Sellers Make
221 – Goal Setting for a Successful Amazon Reseller Business
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