In this episode of The Amazing Seller Podcast we’ll discuss The 5 Tips for creating the right mindset to become a successful Amazon FBA seller. Here’s the 5 points discussed in detail during the podcast. 1. Realizing It’s not an overnight get rich quick model – It takes hard work and money 2. Understanding How […]

In this episode of The Amazing Seller Podcast we'll discuss The 5 Tips for creating the right mindset to become a successful Amazon FBA seller.

Here's the 5 points discussed in detail during the podcast.

1. Realizing It's not an overnight get rich quick model - It takes hard work and money

2. Understanding How Amazon Algorithm  Works - No Silver Bullet

3. Following and mapping out a  Plan - 90 day sprints

4. Focus on Result Driven Activities  - Sales - Feedback-Reviews - Customer service

5. Taking Action - Do something that will move you one step closer

There's a few other things that you should be kept in mind...

It doesn't have to be a Home Run  - The 10x10x1 strategy

Treat like a business - Do something everyday

Create lists of what you want to do for the week and Do IT

Surround yourself with positive people that are going through similar experiences

Links Discussed:

Private Label Classroom

TAS Private Facebook Group

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In this episode of The Amazing Seller Podcast I will answer listener questions about Amazon FBA Selling. This is session #7 of Ask Scott and it covers the future of Amazon FBA, Shipping, Selling Branded Products, Listing Numbers and BSR Info. The questions asked were: What Is The Future Of Selling On Amazon? Should I […]

In this episode of The Amazing Seller Podcast I will answer listener questions about Amazon FBA Selling. This is session #7 of Ask Scott and it covers the future of Amazon FBA, Shipping, Selling Branded Products, Listing Numbers and BSR Info.

The questions asked were:

What Is The Future Of Selling On Amazon?

Should I Have The Supplier Ship To Apartment?

Are These Numbers Good For My Product?

Can I Sell Other Amazon Seller's Private Label Products?

What Is The BSR I'm Hearing About?

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Links Discussed:

Private Label Workshop Replay

TAS Private Facebook Group

NEW To The Blog and Podcast? I created a Page Just for You called…START HERE!

If you enjoyed this episode share the love with your friends…Click To Tweet the show.

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In this episode of The Amazing Seller Podcast I share my income numbers from April 2015. You’ll notice that they are a little lower than last month and I’ll share why. Here’s the numbers: Total Revenue: $32,559.06 $1.95 Promotion for product #2 and #3 = $1,850.00 New Total: – $30,709.06 Total Product & FBA Costs […]

In this episode of The Amazing Seller Podcast I share my income numbers from April 2015. You'll notice that they are a little lower than last month and I'll share why.

Here's the numbers:

Total Revenue: $32,559.06

$1.95 Promotion for product #2 and #3 = $1,850.00

New Total: - $30,709.06

Total Product & FBA Costs = $17,454.80

Amazon PPC Costs $1,050

Grand Total Cost = $18,504.80

$12,204.26 Profit Month

That's....$3,051 per week

That's...$406.80 per day

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Additional Expenses:

Tax Jar $29.95

Feedback Genius $60

AMZ Shark $50

Round Up to $200

In the end, I ended the month with about $12k in profit. That's $144k per year if I stayed at this pace. Remember, this is profit and if you have a JOB you would have to make about $160k to bring home this kind of money.

I'm sure there's Doctors and Lawyers making this kind of money, but the common income for most is around $50k to $75k per year and they have to work 40 to 50 hours per week.

This is why I love this business :-)

Links Discussed:

The Feedback - Review Follow Up System

How To launch Your Product Using Promotions

TAS Private Facebook Group

NEW To The Blog and Podcast? I created a Page Just for You called…START HERE!

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In this episode of The Amazing Seller podcast I share how this one pricing test increased sales by 50% and can be used on any listing. I always say how you should be testing various things in your business and see what works. Here’s the numbers from the test and my notes for the show. […]

In this episode of The Amazing Seller podcast I share how this one pricing test increased sales by 50% and can be used on any listing. I always say how you should be testing various things in your business and see what works.

Here's the numbers from the test and my notes for the show.

Test #1

1.Sales were stuck at 40 to 50 per day and competition was creeping in.

2.Decided to lower by $4 to $15.97

3.First day 88 sales - $503 Profit - $57 More Profit

4.50 sales at $19.97 = $446

Benefits - More Sales = More Reviews = Higher Conversions = More Sales

Tested changing back to $19.97 only  - 37 sales day 1 and then back to 45 sales

New Price -  $15,090 Monthly Profit

Old Price -  $13,380 Monthly Profit

Additional $1,710 per month profit

Test #2

Lowered the price by $2 to $17.97

Results:

64 Sales = $490 Profit

Increased sales by 24 units

Before price change - 50 Sales = $446

$44 More Profit and More chance for Reviews

$1,320 per month additional profit

New Price - $14,700 Monthly Profit

Old Price - $13,380 Monthly Profit

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Big Takeaway

Test pricing even after you've been selling for a while.

New products - price them to sell, but also test higher prices and see if that helps or hurts sales.

NOTE: Test for at least 3 days and then evaluate.

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Links Discussed:

How To Increase Your Conversions - 5 Tips

TAS Private Facebook Group

NEW To The Blog and Podcast? I created a Page Just for You called…START HERE!

If you enjoyed this episode share the love with your friends…Click To Tweet the show.

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In this episode of The Amazing Seller Podcast I will answer listener questions about Amazon FBA Selling. This is session #6 of Ask Scott and it covers Amazon PPC, Conversions, Facebook Ads, Price Negotiating and Shipping Direct to FBA. The questions asked were: 1. What Should My Bid Be For Manual Keywords? 2. How Should […]

In this episode of The Amazing Seller Podcast I will answer listener questions about Amazon FBA Selling. This is session #6 of Ask Scott and it covers Amazon PPC, Conversions, Facebook Ads, Price Negotiating and Shipping Direct to FBA.

The questions asked were:

1. What Should My Bid Be For Manual Keywords?

2. How Should I Increase My Conversions?

3. Should I Use Facebook To Generate Sales?

4. Should I Negotiate Price With Suppliers?

5. If I Live In The UK...Should I Ship Directly To FBA?

Have a question you want featured on the show?

Leave Your Question HERE!

Links Discussed:

Private Label Workshop Replay

TAS Private Facebook Group

NEW To The Blog and Podcast? I created a Page Just for You called…START HERE!

If you enjoyed this episode share the love with your friends…Click To Tweet the show.

Subscribe To Be The First To Receive Updates and NEW Podcast Episodes