#886: 7 Core Competencies of an Amazon seller part 5 - PRICING

In this episode, we review the "3 Governors" that control growth in a typical Amazon replens business: Time, Money, and ASINs.

 

We then jump back into our latest series, The 7 Core Competencies of Amazon Replens, where we explore the foundational skills needed for success in this business model.

 

This episode focuses on the Pricing Competency. We break down how pricing strategies impact risk, from understanding historical trends to factoring in all ASIN-related costs like shipping, fees, and prep.

 

We discuss how to establish your break-even point and set minimum profit goals while running price tests. The episode also touches on Amazon’s In-Stock Head Start Program and best practices for managing replenishment pricing."  

 

Our special guest and legal advisor at the conclusion of today's show, Jeff Schick of JeffSchick.com discusses Amazon policy on bundles and multipacks - insurance loop holes and other legal thoughts around listing them.

 

Watch this episode on our YouTube channel: https://youtu.be/8WcHi2Ge-yg

 

Show note LINKS: 

 

SilentJim.com/bookacall - Book a call here to discuss our offers including coaching, legends and ProvenAmazonCourse.com course

 

Ashlin Hadden of https://ecom.insure to learn how inexpensive it can be to properly insure your business.

 

My Silent Team Facebook group. 100% FREE! https://www.facebook.com/groups/mysilentteam - Join 77,000 + Facebook members from around the world who are using the internet creatively every day to launch and grow multiple income streams through our exciting PROVEN strategies! There's no support community like this one anywhere else in the world!

 

ProvenAmazonCourse.com - The comprehensive course that contains ALL our Amazon training modules, recorded events and a steady stream of latest cutting edge training including of course the most popular starting point, the REPLENS selling model. The PAC is updated free for life!