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!
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201 – When to Stock Up Your Amazon Inventory for Q4
200 – The Full-Time FBA Show 200th Episode Celebration!
199 – Outsourcing Prep/Pack/Ship Warehouse – Nathan Bindschatel of My Prep Center Interview
198 – Six Critical Questions to Get You to a High Six Figure Amazon Income
197 – Get the Most from The Amazon Income Accelerator Workshop
196 – What's Stopping You from Making a Full-Time Income on Amazon?
195 – Amazon Seller Success Story - Interview with Kristy Winter
194 – The Biggest Threats to your Amazon FBA Success
193 – Our Best Bookseller Tips for Maximum Profits
192 – Chris Green's New Book, The Flip Game - Author Interview
191 – Prime Day Tips to Maximize Your Sales
190 – How Much Reseller Competition is Too Much?
189 – 3 Amazon Seller Truths that Nobody Else is Going to Tell You
188 – Overcoming Analysis Paralysis in Your Amazon FBA Business
187 – How to Deal with Negative Seller Feedback on Amazon
186 – Big Amazon Updates You Need to Know Today
185 – Sucessfully Selling on Amazon During an Economic Downturn
184 – The Bad Habits of Unsuccessful Amazon Sellers
183 – Is Amazon Saturated with Too Many Sellers?
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