Negotiating the price with suppliers is an art – one that requires strategic planning, cultural understanding, and persistence. As Amazon sellers, driving down your costs can significantly increase your profits. Here’s a detailed guide on how to effectively negotiate with suppliers to get the best deal:
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Amazon sellers face a pivotal decision when it comes to restocking: How should they ship their products? The major contenders are air and sea freight. While the initial inclination might be towards cost-efficiency or speed, a deeper dive reveals there’s more to consider.
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Switching from a side hustle to a full-time job is a significant step, and this is especially true for Amazon FBA sellers. The opportunity is certainly there – many entrepreneurs have already made FBA their primary source of income. However, the question is not whether FBA can be a full-time job, but rather, are you prepared to become a full-time FBA entrepreneur?
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The Amazon FBA business model is enticing, but it is not without its pitfalls. Even the most seasoned sellers can fall into traps that can lead to wasted investments, unnecessary stockpiles, and diminished profits. Here are some common Amazon FBA mistakes and how to avoid them.
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Connecting up your social media accounts and your Amazon listings can be one of the most cost-effective and powerful ways of getting more customers to your pages. But if you start off without organizing yourself properly, you may end up spending far more time than you need to on the job.
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Amazon strives to be the most customer-friendly enterprise on the planet, and one of the ways it helps its customers is by giving buyers no-quibble refunds as well as a full 30 days to return the item.
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Sometimes you’re so busy running your business that you hardly have time to think. You may be fire-fighting all the time, or focusing on improving certain business operations, and before you know it, your sales are stagnating. They may not be crashing, but you’ve stopped growing. You need a fix!
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This article focuses on modernizing and enhancing the top 7 strategies to evaluate competition within a specific Amazon FBA niche.
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Now that you’ve received your first supplier quote, what’s next? This article aims to elucidate the essential factors you should understand when examining supplier quotes.
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As an Amazon FBA seller, understanding the complexities of accounting and taxes can be challenging. In this piece, we’ll walk you through the key elements you need to grasp in this domain.
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In the dynamic world of online selling, innovation is the key to capturing your audience’s attention. Smart sellers are leveraging a variety of platforms and tools to engage with customers and grow their brands.
In this post, we will explore some innovative marketing strategies that are making waves in the e-commerce sphere.
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Amazon Prime Day is always a great time to boost your sales. First of all, Amazon does a whole load of advertising in the run-up to Prime Day, so you can piggyback on those ads and the high consumer awareness they create. Secondly, buyers are on the lookout for deals and in the mood for buying, so it’s a good moment to catch them on your product listing.
Only one problem – we’re not quite sure when Prime Day is going to be. But most likely it will be soon – it’s usually (though not always) in June or July. And usually, despite its name, it’s at least two days of marketing extravaganza and great offers, making over $10bn of sales. So how can you make the most of it?
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As a general guideline, sea shipping tends to be cheaper yet slower, while air freight offers speed at a higher cost. However, there are exceptions. Let’s explore the top seven considerations of choosing between air and sea freight for Amazon FBA.
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In the world of Amazon FBA, managing a remote supplier relationship is quite the norm. This often-distant arrangement can be challenging, but with a few strategic steps, it’s possible to turn it into a productive alliance.
Be Proactive and Do Your Due Diligence
The buck stops with you when it comes to ensuring that you’re working with a credible and reliable supplier. Yes, even the best suppliers can have off days, and you might face quality issues or production glitches. A structured, consistent process for every order can help reduce the risk of unpleasant surprises.
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Starting an FBA business is easy. But a lot of businesses drop out in the first year. Others struggle for a few years and then give up. Others go from strength to strength and make their owners a fortune.
What’s the difference? Luck? Having a better product? No. The difference is that the successful FBA businesses know how to avoid the pitfalls. So to give you some useful help, here’s our list of ‘how not to sell on Amazon’.
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If you’re an FBA seller, you took the decision to let Amazon look after your logistics. You don’t need to run a warehouse, take deliveries, or send orders out; Amazon covers all of that for you.
But while Amazon does a great job, it’s not infallible. Sometimes thing go wrong. That might mean your inventory gets lost, or damaged. So when that happens, you’re in line for compensation.
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Amazon Attribution can be described as a self-service analytics tool. That doesn’t sound particularly interesting. On the other hand, you could describe it as a really great advertising productivity tool. That sounds a lot better, doesn’t it?
Let’s also mention that if you’re an FBA seller Amazon will give it access to Amazon Attribution for free! All you have to do is learn how to use it.
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Many FBA entrepreneurs find themselves overwhelmed by the day-to-day tasks of running their business, effectively trading one job for another. One solution to this issue is to hire virtual assistants and freelancers to manage various aspects of your business, freeing up time for more strategic tasks.
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In this article, we’ll discuss the most common mistakes sellers make when doing business on Amazon and how to avoid them.
#1 Insufficient Time and Effort
Regardless of your initial investment, the key to success is dedicating ample time and effort to optimize your products, systems, and business. Instead of seeking quick wins, commit to building the right team and processes for long-term profitability.
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Although your relationship with customers on Amazon FBA may be indirect, as they technically “belong” to Amazon, it’s still crucial for you to provide excellent service. Not only does this ensure a positive customer experience, but it can also help you stand out from the competition. Here are some tips on how to provide top-notch customer service as an Amazon FBA seller.
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