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!
062 - How Not to Waste Your Q4 Profits
061 - Top Strategies for Finishing The Year Strong
060 - How Amazon Sellers Use Deal Lists For Maximum Profits
059 - How Gratitude Impacts The Success of Your FBA Business
058 - November Sourcing Ideas and Strategies for Amazon Sellers
057 - Online Arbitrage Tips for Black Friday Sourcing
056 - Clearance Sourcing Tips to Help Increase Amazon FBA Profits
055 - Overcoming Your Fear of Amazon Account Suspension with Lesley Hensell - Fears Series
054 - Overcoming Your Fear of Hiring Help for your Amazon Business - Fears Series
053 - Overcoming Your Fear of Making Sourcing Mistakes - Fears Series
052 - Overcoming Your Fear of Tanking Prices - Fears Series
051 - Selling Oversized Items for Super-Sized Profits on Amazon
050 - How to Prepare for Q4 for Maximum Sales and Profits
049 - 5 Major Profit Leaks for Amazon FBA sellers
048 - Halloween Profits for Amazon FBA Sellers
047 - How an Automatic Repricer Literally Doubled My Amazon Sales
046 - Is Buy and Hold a Good Strategy for Amazon Sellers?
045 - From Retail Arbitrage to Wholesale - A Success Story With Dan Meadors
044 - Reverse Wholesale Sourcing Strategies - Interview with Dylan Frost
043 - How to Get Approved to Sell Restricted Brands on Amazon
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