This episode highlights the "inch deep, mile wide" strategy for Amazon sellers, focusing on diversifying products instead of holding deep inventory for a few. This approach minimizes risk from IP complaints or product gating, and emphasizes quick pivots and continuous product research using tools like Keepa to identify fast-moving ASINs without FBA competition, allowing for higher pricing and increased profitability.
Key takeaways
Implement an 'inch deep, mile wide' inventory strategy: sell small quantities (1-4 units) of many different products instead of large quantities of a few, to mitigate risk and enable quick pivots.
Utilize Keepa for product research to identify fast-moving ASINs lacking FBA sellers; this allows for premium pricing and captures Amazon Prime-centric buyers.
Limit inventory to a maximum of one month's worth per product to maintain flexibility and avoid being stuck with unsellable stock due to issues like IP complaints or gating.
Leverage community support and forums to navigate challenges like IP complaints and gain insights into effective selling strategies.
Actively seek out free shipping supplies, such as boxes from local businesses, to reduce operational costs.
In today's episode, we have highlights of a prior show. This episode explains what an inch deep and mile wide is, has great practical tips, how to use the incredible tool Keepa and the importance of the right mindset! We covered episode #591 - Young Couple Navigates transitioning from 2 full-time jobs to running a home based Amazon biz with dad at home. Our full episode is at https://silentjim.com/podcast Sponsored by Sell your Amazon Account - Have an unused Amazon seller account? Get top dollar for the account. For more information visit silentjim.com/sellmyaccount/ Highlight show note LINKS: REPLENS KICKSTART program - Brand New to Amazon and REPLENS? All students of the provenamazoncourse.com course who've not yet made their first REPLENS sale will benefit greatly from this series of live (and recorded of course) zoom group sessions with a coach - it's only $39! Contact Support@SilentSalesMachine.com for details. Humnbird accounting services - https://www.humnbird.com/tax-financial/ My Silent Team Facebook group https://www.facebook.com/groups/mysilentteam 100% FREE! Join 70,000 + Facebook members from around the world who are using the internet creatively every day to launch and grow multiple income streams through our exciting PROVEN strategies! <a class="ProsemirrorEditor-link" href= "https://jimcockrumcoachin
What does this episode say about amazon & marketplaces?
Implement an 'inch deep, mile wide' inventory strategy: sell small quantities (1-4 units) of many different products instead of large quantities of a few, to mitigate risk and enable quick pivots.
What does this episode say about supply chain & operations?
Utilize Keepa for product research to identify fast-moving ASINs lacking FBA sellers; this allows for premium pricing and captures Amazon Prime-centric buyers.
What does this episode say about founder & leadership?
Limit inventory to a maximum of one month's worth per product to maintain flexibility and avoid being stuck with unsellable stock due to issues like IP complaints or gating.
What does this episode say about amazon & marketplaces?
Leverage community support and forums to navigate challenges like IP complaints and gain insights into effective selling strategies.
What does this episode say about amazon & marketplaces?
Actively seek out free shipping supplies, such as boxes from local businesses, to reduce operational costs.
