Showing posts with label sell on Amazon. Show all posts
Showing posts with label sell on Amazon. Show all posts

Tuesday, July 19, 2011

Attn FBA Sellers: In case you were not aware, you do NOT have to be the lowest price to get the sale. (Kim and I will be going into detail on this in our book coming out in a few weeks.) We can all make money and share the sales at a higher price. Here is how.

Look at this product listing.



On the landing page it says, "Sold by Pillypaloo and Fulfilled by Amazon." Customers can buy the item directly from this page - it is called the page with the "buy box" - because you can buy it from here. Pillypaloo will get those sales. BUT......

What many Amazon sellers don't realize is that the seller featured on this page ROTATES. It isn't always going to be "Pillypaloo." It will rotate between however many FBA sellers have this item and are within 9 cents of each other. Even if it is 10 sellers all within 9 cents of each other. Any FBA seller will get a shot at being on the "buy box page" if they are within 9 cents of the lowest price.

Click here to look at how many FBA sellers have this product, and how they keep undercutting each other by a few cents. Undercutting by pennies is a silly marketing strategy and not necessary to get sales on Amazon. This thinking causes a race to the bottom and eventually, nobody wins.

If you are selling on Amazon, please stop playing "the penny game." You don't have to! I am selling a product right now with an $18 profit, and thankfully, I am assuming, my competitors know about the buy box. We are all holding firm at the same price. I am getting sales every few hours and so are my competitors. We all win.

Amazon is NOT eBay. You don't have to be the lowest price. This is especially true if Amazon does not have the product. Slow and steady wins the race - don't be in such a hurry to sell something!

If you don't understand, please ask questions on my Facebook group. This is really great information to help you make more money - to help us ALL make more money.

More Amazon Resources:

Understanding the Amazon Customer

Amazon FBA Recipe for Success

Make Money Selling Toys on Amazon

Monday, August 30, 2010




I have been a casual seller on Amazon for almost a year selling my own items including books, DVDs, CDs, and a few toys I found at clearance sales. My selling experience on Amazon was really only an informal venture to understand how Amazon works so that I could teach others the basics of Amazon selling.

As I worked with my coaching clients over the past year, they began sharing their Amazon success stories with me. I was inspired by their success and the money they were generating with the Amazon business. Out of curiosity, I decided to take the plunge and try selling on Amazon using their techniques and selling strategies. I gave myself three months (90 days) to fine-tune the process just to see what one person could do with an Amazon business only devoting a few hours a week.

This experiment is based on what one person can do with the proper equipment, information, and devoting about 5 hours a week to the business. My Amazon business model takes into account that some eBay sellers want to expand into other online selling arenas and leverage the power of Amazon without having to set up or maintain their own website. The profit from this business model can multiplied exponentially fairly easily by adding more time, more equipment, and more people (employees or compensated helpers) to the plan.

No business is an exact science. This business takes physical work, dedication, and consistency to build and maintain. That being said, here are the results of my experiment.




eBay Selling Coach BlogThe owner of this website is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon properties including, but not limited to, amazon.com, endless.com, myhabit.com, smallparts.com, or amazonwireless.com.