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!
082 - Six Things We Wish We Did Earlier in Our Amazon Business
081 - How to Compete with Amazon and Win the Buy Box
080 - Spring Cleaning For a Profitable Amazon FBA Business
079 - Tactical Arbitrage for Online Arbitrage and Wholesale Profits
078 - Selling Seasonal Items on Amazon for Big Profits
076 - What To Do When Your Inventory Doesn't Sell
075 - Amazon Stats That Will Blow Your Mind
074 - Working With a Partner-Spouse in Your Amazon Business
073 - Time Management Strategies for Amazon FBA Sellers
072 - How Ian Bower Averages 40K a Month with Wholesale Sourcing
071 - Biggest Wholesale Sourcing Myths - Interview with Dan Meadors
070 - Why Add Wholesale Sourcing To Your Amazon FBA Business
069 - How To Turn Your Returned Items Into Profits
068 - Why Are My Sales So Slow?
067 - Time vs Money and How to Get More of Both
066 - The Secret Ingredient to Success with your Amazon FBA business
065 - Is Amazon Trying to Get Rid of 3rd Party Sellers
064 - Successful Goal Setting for Amazon FBA Sellers with Jo Ann Zimmerman
063 - Skills for Amazon FBA Success
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