#889: 7 Core Competencies of an Amazon seller part 6 - REPLENISHING

2024-09-04

In this episode, we dive deep into the essentials of Replenishing Competency for your Amazon business. We break down the fundamental strategy: if you sold one, replenish one. You'll learn how to test and set the right prices, the importance of finding high-velocity ASINs, and how to maximize profits by strategically pricing above the buy box. We also discuss key tips on managing your replenishment budget, the balance between testing new ASINs and restocking proven winners, and how to leverage the law of averages and ...

In this episode, we dive deep into the essentials of Replenishing Competency for your Amazon business. We break down the fundamental strategy: if you sold one, replenish one.

You'll learn how to test and set the right prices, the importance of finding high-velocity ASINs, and how to maximize profits by strategically pricing above the buy box. We also discuss key tips on managing your replenishment budget, the balance between testing new ASINs and restocking proven winners, and how to leverage the law of averages and economies of scale for sustained growth.

Plus, we cover the critical competencies every seller must master, including identifying sales patterns, knowing where to restock items, and ensuring your inventory meets all necessary criteria.

Tune in to optimize your replenishing strategy and boost your profits!

Our special guest and legal advisor at the conclusion of today's show, Jeff Schick of JeffSchick.com discusses returns and reimbursements. Did you know most likely Amazon owes you money as a seller?

Watch this episode on our YouTube channel here: https://youtu.be/S7J9KFyM02U

Show note LINKS:

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

SilentSalesMachine.com - Text the word “free” to 507-800-0090 to get a free copy of Jim’s latest book in audio about building multiple income streams online or visit https://silentjim.com/free11

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 up

Comments (3)