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#744: You're probably overcomplicating Amazon selling and it's costing you

Silent Sales Machine Radio · with Jeff Schick · December 4, 2023 · 58 min

Summary

Overcomplicating Amazon selling is costing you money. This episode cuts through the noise, offering actionable strategies to simplify your approach, increase profitability by selling above average prices, and debunking exaggerated fears about Amazon suspensions. Learn to leverage favorable market trends and avoid common pitfalls for a truly low-risk, high-reward online business.

Key takeaways

Themes

amazon & marketplacessupply chain & operationsfounder & leadership

Topics covered

amazon selling strategiesselling above average sales priceamazon account suspensionsfavorable market trends for online sellerslow-risk amazon businesscommon amazon seller pitfallsinventory audits for replens sellers

Episode description

With nearly 10,000 coaching clients served and thousands of successful businesses launched over 20 years I can confidently say that the odds are you are OVER COMPLICATING Amazon selling.   Discussed on today's episode: > Forty recent examples from my own inventory where I'm selling items on Amazon well above average Amazon sales price EVERY DAY > The overhyped concerns about Amazon suspensions that's borderline ridiculous (it's virtually a non-factor based on huge numbers of sellers we've taught and coached) > The massive trends that are in your favor if you sell in-demand products online > The lowest imaginable risks and highest possible upside potential of starting any legitimate business in history > The common pitfalls that are so easily avoided and yet are so often encountered by misinformed sellers ...and much more.   Special guest at the conclusion of today's show, Jeff Schick of JeffSchick.com answers the question: What's an "inventory audit" and why/how often should I do one as a REPLENS seller?    Watch this interview on our YouTube channel: https://youtu.be/NNFzyRnpOyc   Show note LINKS:   SilentSalesMachine.com - text the word "free" to 507-800-0090 to get a free copy of Jim's latest book in audio about building multiple income streams online or visit https://silentsalesmachine.com/ssm11/ffv11/! If you live outside of the US or Canada please email support@silentsalesmachine.com for a copy!   <p d

Frequently asked about this episode

What does this episode say about amazon & marketplaces?
Focus on sourcing products that allow you to sell above the average Amazon sales price, as demonstrated by 40 recent examples where the host achieved this consistently.
What does this episode say about supply chain & operations?
Don't let exaggerated fears of Amazon suspensions deter you; the episode emphasizes they are often overhyped and manageable for sellers following best practices.
What does this episode say about founder & leadership?
Understand and leverage current market trends that favor online sellers of in-demand products to gain a competitive edge.
What does this episode say about amazon & marketplaces?
Implement regular inventory audits, especially as a "replens" seller, to optimize your stock and prevent costly errors.
What does this episode say about amazon & marketplaces?
Prioritize simplifying your Amazon selling strategy to avoid common pitfalls and increase profitability, rather than overcomplicating processes.

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