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#780: Using prep centers and managing "tanking" ASINS

Silent Sales Machine Radio · with Jeff Schick · February 7, 2024 · 45 min

Summary

This episode is a must-listen for Amazon FBA sellers looking to navigate market volatility, optimize operations through outsourcing, and explore strategic global sourcing. It tackles managing ASIN price drops, leveraging prep centers for a hands-free operation, and the complexities of international sourcing for Amazon US.

Key takeaways

Themes

amazon & marketplacessupply chain & operationsfounder & leadership

Topics covered

amazon fba strategiesinventory management for amazon sellersmanaging tanking asin pricesthird-party prep centersinternational product sourcing on amazonoutsourcing amazon fba operationse-commerce events and networkingscaling amazon fba business

Episode description

Our Wednesday podcast episodes are typically coaches corner episodes. This means we dive into the common issues faced by the ProvenAmazonCourse.com students in our community.   Today we discuss what to do about ASINs that drop in price, and we also discuss options for using prep centers to create a more hands-free selling operation.   If you haven't registered for our May 2024 event - TheProvenConference.com event, VIP tickets are going fast! We will have over 40 great breakout sessions at this event on all manner of creative ecommerce strategies - including the latest incredible Amazon and Walmart selling strategies pioneered in this community!   Special guest at the conclusion of today's show, Jeff Schick of JeffSchick.com answers the question: If I source IDENTICAL product at a discount from another country, can I sell it in the US on Amazon? What should I look out for when doing this?    Watch this epsiode on our YouTube channel here: https://youtu.be/ng2Hxbrhr70   Show note LINKS:   Come meet your fellow listeners to this podcast, dozens of our coaches and hundreds of business building warriors at our live event in May! Tickets are on sale now! TheProvenConference.com/orlando/   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 <a class="ProsemirrorEditor-link" href= "https://silentsalesm

Frequently asked about this episode

What does this episode say about amazon & marketplaces?
Implement diagnostic techniques to understand the root cause of ASIN price drops (competition, demand, market forces) and strategize mitigation.
What does this episode say about supply chain & operations?
Research and vet third-party prep centers for inventory preparation, inspection, labeling, and packaging to achieve a more automated FBA operation.
What does this episode say about founder & leadership?
Before sourcing identical products internationally, thoroughly investigate potential trademark/patent infringement, import duties, US regulations, and verify product authenticity and quality.
What does this episode say about amazon & marketplaces?
Engage with seller communities and industry events, like The Proven Conference, to learn new strategies, network, and address common challenges from experienced coaches.
What does this episode say about amazon & marketplaces?
Explore outsourcing options for FBA tasks to free up personal time and scale your business beyond current capacity.

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