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!
222 – 5 More Mistakes Even Smart Amazon Sellers Make
221 – Goal Setting for a Successful Amazon Reseller Business
220 – Christmas Episode (Plus Bloopers)
219 – Items Beginner Amazon Sellers Should Focus on Reselling
218 – Items Beginner Amazon Sellers Should Avoid Reselling
217 – When to Hold or Lower Your Price in December
216 – Top Gift Giving Ideas for Amazon Resellers
215 – Last-Minute Q4 Strategies to Boost Profits on Amazon
214 – Top Cyber Monday Online Arbitrage Sourcing Strategies
213 – The Q4 Motivation Episode
212 – Overcoming Failure in your Amazon FBA Business
211 – Why Do We Sell Courses If We're So Successful on Amazon?
210 – Five Amazon Coach Red Flags
209 – How to Master Your Amazon FBA Reselling Skills
208 – Should You Consider Selling on Amazon Internationally?
207 – How to Get the Most from Your Online Arbitrage Subscriptions
206 – How to Future Proof your Amazon FBA Business
205 – The Biggest Amazon FBA Failures We've Experienced in 10+ Years of Reselling
204 – Creating a High-Productivity Schedule for Amazon Sellers
203 – How to Transition from Sourcing One-Offs to Sourcing Replens for Lasting Success
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