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

If you've ever tried manual online arbitrage (OA), you know that it can take up immense amounts of your time to find what you are looking for. On today's show you'll learn about a tool called Tactical Arbitrage which can, among other things, help you drastically reduce the amount of time you spend looking for items to resell.

Rebecca has been using Tactical Arbitrage for well over four years, and her and Stephen's FBA business has seen a great deal of success because of it. She has a lot of useful advice to share today about how you, as an Amazon seller, can get the most out of the program. That being said, if you're a first-time seller, Rebecca also shares why she thinks it's a good idea for you to learn how to do manual OA before diving into Tactical Arbitrage.

We also discuss how to avoid mistakes that people commonly make when using Tactical Arbitrage. Tactical Arbitrage doesn't do all your work for you, but by the end of this episode we guarantee you'll be convinced that it will make your job a whole lot easier and more enjoyable, and you'll know where to go to learn everything you need to know about it!

Today we dive into the topic of how to profit from selling seasonal items on Amazon. You might be wondering, what are seasonal items? Well, this category includes anything that isn't usually promoted all year-round. From Easter eggs and Mother's Day gifts to snow boots and bathing suits and everything in between, seasonal items (if done correctly) can bring in some big time seasonal profits.

In this episode you'll learn when the best times are to stock up and sell these kinds of items, how seasonal selling affects your sales velocity and ROI, and how a tool like Keepa can help you track pricing, both in and out of season. Stephen and Rebecca also share some practical tips and examples of selling seasonal items for maximum profits, so make sure to tune in today!

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!

When selling on Amazon, there are occasions you will struggle to move certain items from your inventory. This can happen for a multitude of reasons, and you can address this issue in a number of ways.

In this episode, we share a few top tips for helping the process along and cleaning out those lingering items no one seems to want! From using Keepa for better tracking and understanding of your inventory sales velocity, to using other platforms besides Amazon, we will share with you the methods that have helped us and can help you too. We also talk about paid advertising, bundling items, and when to cut your losses and learn a lesson about a mistaken purchase. In the end, you do not want your inventory filled with duds, and the quicker you can move things on, with whatever method, the better. Tune in to hear it all and declutter your inventory and mental space too!

In today's episode, we are going to blow your mind with some incredible Amazon stats. Not only are they wildly impressive, but these facts and figures actually impact you as an Amazon seller and could get you excited about continuing to sell on Amazon.

We start off by sharing some of the stats around Amazon's popularity and supplement them with some of the many reasons why so many people shop there. Next we dive into Amazon's sales and boil the numbers down to how much the online shopper sells every second, minute, hour, and day. So why are these numbers so high? That comes down to trustworthiness, and we tell you all about Amazon's efforts to make its customers comfortable and excited to use their platform. The last bundle of facts we share with you is FBA stats. Over the last couple of years, Amazon FBA numbers have shot through the roof, and they don't seem to be slowing down any time soon. To hear about these stats, facts, and figures in more detail, be sure to join us today and have your mind blown.

Whether it is a business partner or your significant other, working with a partner can have a hugely positive impact on your Amazon business. In today's episode, you'll hear our advice for successfully working with a business partner, from communicating risk tolerance and prioritizing the personal relationship over the business relationship to managing your time together and scheduling regular meetings to make sure everyone is on the same page.

Working with a partner or spouse can really help grow your Amazon business, so tune in today to learn about the right ways to set up this business relationship so that you can see improved results in your sales and profits.

One thing you can never get back is time. You need to manage your time wisely so that you can follow the quickest, most efficient path to success. Welcome back to another episode of the Full-Time FBA Show! We are excited about today's episode, where we will be diving into some really nerdy stuff like time management, how to better use your time in your Amazon business, and make the most of your time.

As we discuss today's conversation, we answer some basic time management questions as they relate to your Amazon FBA business, including where to start, how to manage your time when sourcing, and learning new skills, as well as the different types of learning and how to prioritize and assign the right amount of time to different business-related activities. Tune in today for all this and more!

Today we sit with Ian Bower, who has been selling items on Amazon that he sourced via wholesale companies for over five years. In the time that has passed, Ian has managed to scale his business and averages around $40,000 in sales a month. In this episode, we start off learning Ian's professional history and what he was doing before he got into wholesale. From there, we hear about his first mistakes in FBA wholesale and what he learned from the experience. Since then, Ian has honed his skills with his best monthly sales reaching over $100,000.

So how did he achieve such great milestones like this? Ian tells us about how he acquires wholesale accounts and, just as importantly, how to provide them with extra value. Value-add is an important aspect of Ian's business, and as he explains, it not only creates a good working relationship but it also creates a space where this relationship is exclusive to you. To provide value, though, you first need wholesale relationships. Ian walks us through his step-by-step process for approaching wholesale brands and opens up his playbook on contacting potential clients through cold emails. As our conversation draws to a close, Ian expands on The Wholesale Formula, the course that taught him what he knows about wholesale success today.

Selling products wholesale on Amazon can seem like a daunting undertaking -- not only because it seems like there are so many people who are already doing it, but because there are pervasive myths around aspects of the wholesaling industry that make it seem almost impossible to get started. Dan Meadors joins us on today's show to debunk five of the most common myths and to offer advice and encouragement to those who want to start their own wholesale business.

Among other topics, we discuss the benefits of using third-party logistics/prep centers, the flexibility in the Amazon model that will allow you to play to your strengths, why you should see "no" as an opportunity, and the importance of setting yourself apart by showing potential brands how you can add value to their brand in unique ways. Dan shares stories of students of his who started their own very successful wholesaling businesses while working full-time jobs. If you're eager to take the leap, tune in to today's episode.

Wholesale is a great sourcing strategy to add to your FBA business. Kicking off our month-long wholesale series, today's episode dives into some of the reasons you should add wholesale sourcing to your business. We talk about the tremendous return on investment wholesale provides, some of the advantages it has over online and retail arbitrage, and ways that wholesaling will save you time (you won't have to drive around or repackage products, for example).

We could not have scaled our business without wholesale sourcing, and we share how it can help you grow your own business more than you could imagine. There are even Amazon account protection benefits of wholesaling, so tune in to hear more!