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!
142 – Increase Profits by Thinking Like an Amazon Customer
141 – Six Pillars of Achieving Long-Term Success with Amazon FBA
140 – Top Pitfalls for Amazon Resellers that Make Them Want to Quit
139 – Mindset Hacks to Find More Inventory to Sell on Amazon
138 – Sourcing Strategy Hacks to Find More Inventory to Sell on Amazon
137 – 5 More Major Profit Leaks for Amazon FBA Sellers
136 - The Most Profitable Pricing and Repricing Strategies
135 - Overcoming Your Biggest Competition for Amazon Success
134 - Understanding Amazon's Search Algorithm as a Reseller
133 - Garage Sale Sourcing Secrets for Amazon Resellers
132 - Reselling Board Games for Big Money on Amazon
131 – Understanding Variations on Amazon as a Reseller
130 – Top 8 Books That Will Improve Your Amazon Business
129 – Top Amazon Sellers Share Their Biggest Mistakes and Failures
128 – Amazon Reseller Time Management Strategies for Success
127 – What is a Good ROI for Amazon Resellers?
126 - What You Don't Need to Be Successful Selling Wholesale Items on Amazon
125 – The Wholesale Formula Course - Student Success Interview
124 - Biggest Wholesale Mistakes I Made with My First Order
123 - Pros and Cons of Wholesale Sourcing Strategies
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