The Full-Time FBA Show - Amazon Reseller Strategies & Stories

We often talk about success in business, but what about failure and mistakes? If you are new to Amazon selling as a career path, it can be difficult to avoid the mistakes that newcomers almost always make. The best way to gain insight into the industry would be to hear from people that have learned the hard way to help you avoid the same mistakes.

Well, you're in luck! In today's episode, we talk to three Amazon sellers to hear the mistakes they made early on and find out how to avoid them. Make sure to tune in to get the insider scoop on how you can avoid some common mistakes as an Amazon seller.

Subscribe to the Full-Time FBA Newsletter and get some helpful freebies - www.fulltimefba.com/

The Full-Time FBA Podcast Page - www.fulltimefba.com/podcast

Snow Notes for this episode - www.fulltimefba.com/129

How resellers handle their time can be a deal breaker and might even cause some people to become frustrated with their Amazon business and quit because they feel like they just don't have enough time. That's why in today's episode we share five time management strategies to help you improve your ROTI and spend your time more wisely!

Subscribe to the Full-Time FBA Newsletter and get some helpful freebies - www.fulltimefba.com/

The Full-Time FBA Posdast Page - www.fulltimefba.com/podcast

Snow Notes for this episode - www.fulltimefba.com/

Return on Investment (ROI) is a really important concept to wrap your head around when you're deciding how to structure your Amazon business. Concepts like the "rule of three" can be a good starting point to guide your decision-making process to help you receive 100% ROI every time.

During this episode, we discuss why it's helpful to make room for 100% ROI, why it can be beneficial to try out different ROI percentages, and how lowering your ROI threshold will enable you to expand the amount of inventory you keep. These changes can all support your long-term success, and during today's conversation we give you the tools to help you achieve it. We hope you join us and listen today!

There's a lot of people who think it's really complicated to do wholesale, but we're here to tell you it might not be as tricky as you think. On today's episode, instead of advising you on what you need to have to sell wholesale successfully on Amazon, we're telling you what you don't need to succeed.

Now, there are things you need for sure, but there are also things you may think you need that aren't completely necessary. During today's episode, we bust some commonly-believed myths around shipping, labeling, storage, money, and more. Join us to hear more today!

Find out exactly what The Wholesale Formula course is actually like as I interview one of the course's students, Rebecca Smotherman. That's right, Rebecca took the course in early 2021 and has experience not only with the course, but also what it's like to put her new wholesale knowledge into action in real life.

During Part One of this discussion, Rebecca shares what motivated her to move from mainly OA to wholesale sourcing, what she hoped to get out of the course, and what she loved about it. She talks us through the changes she made to the business following the course, and the time investment involved in following the course's step-by-step instructions to activate those tweaks. Stephen weighs in on how the course has changed since he first did it in 2015, and Rebecca shares the nuts and bolts of how she approached completing the course. We hope you join us to hear all this and more today!

In this episode, you'll find out just how conservative you should be with your first order and how to ensure you're ordering goods that will stand you in good stead year-round. We also share some of the costly assumptions Stephen made, and we urge you to ask questions, no matter how trivial they may seem. We clarify the difference between manufacturer and distributor, and why it's important to understand that distinction. Thankfully, we have learned from our mistakes and have gone on to find massive success in wholesale, so don't be disheartened! Tune in to discover how we learned all we needed to know about wholesale, and how you can too!

There are multiple wholesale sourcing strategies out there, and we've tried them all! In today's episode, we break down the pros and cons of each respective strategy. The most common go-to for most things is Google, and wholesale sourcing is no exception. We explain why Google isn't a particularly strong strategy, and why we absolutely love reverse wholesale sourcing!

So as not to leave you shortchanged, we delve into all the strategies in between and fill you in on all you need to know about trade shows and vetted wholesale directories. In this installment of The Full-Time FBA Show, you'll learn the difference between buying from a distributor and buying directly from a brand or manufacturer, how to benefit from trade shows without actually attending, why an easy yes from wholesalers might not be a good thing, and so much more! Listen today and get cracking on turning part-time hours into a full-time income with Amazon FBA.

Today we talk about the nuts and bolts of increasing your average selling price (ASP) to create long-term success in your Amazon FBA Business. We share practical tips on how to progressively raise your ASP through setting a minimum selling price parameter, selling multipacks or bundles, and sourcing higher-priced items.

These changes require a different mindset when it comes to sourcing and pricing. Drawing from our own experience, we'll equip you with some amazing tools to raise the bar and find longer-term success with higher profits. Listen today for all the details.

If you want your Amazon business to be a successful one and not just a hobby, you need to raise your average selling price (ASP). In this episode, we delve into all the benefits of raising your ASP and you'll discover the direct link between long-term success selling on Amazon and having a higher ASP.

We talk you through how to find your current ASP and explain why raising your ASP makes it easier to scale your business and make greater profits. For those of you who are starting out and feel nervous about selling higher-priced items, we have you covered. We fill you in on how to start raising your ASP incrementally until you feel comfortable. Listen today to find out how raising your ASP will save you time, money, and effort, setting you up for lasting success.

Today, we're tackling our all-time LEAST favorite topic: Scams! As unpleasant a subject as it may be, unfortunately there are scammers out there targeting Amazon sellers, and it's important to keep our wits about us. In this episode, we cover the three main scams that Amazon sellers could fall prey to: course scams, personal information scams, and scammers posing as lawyers or brand owners in an attempt to knock you off a listing.

Listen today to find out how to identify these scams, what Amazon's legitimate modus operandum would be in each case, and what to do if you suspect "phishy" behavior. We want to help you protect yourself and your account from any sinister activity so your FBA business can continue to thrive!