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

Friday, April 5, 2013

Yardsellr founder and CEO, Danny Leffel, has announced that the site will be shutting down the Marketplace portion of the business within the next few weeks. Yardsellr Marketplace will continue business as usual filling orders, tracking and even helping with issues such as shipment problems. However, as of Monday, March 18, dealers are no longer be able to post new items for sale onto this site.

This disappointing news has many online sellers asking where they will be going next. There are several other online sites where merchants can transfer their business. Amazon, eBay Etsy and Craigslist are but a few of the better known online selling sites where person can market their products and services. I would encourage those who made use of Yardsellr to market their goods to explore these suggested sites and others.

There will be one or more of these sites that will be suited to your style of marketing and the products that you offer for sale. This should allow you to be able to make the move without interruption or major difficulty.

Related:

eBay Seller Question: Should I Have My Own Website?

Sellers, Meet Your Newest Clothing Resale Site

Learn To Sell Online

Thursday, February 7, 2013

It was just a few years ago (2011) when Amazon closed its Dallas-based fulfillment center due to a disagreement over state taxes. Now it appears that Texas and Amazon have reconciled. Amazon has just announced that it will be opening three new fulfillment centers in Texas in the upcoming months.
Amazon has recently changed its opinion on state tax collection in other states (including New Jersey, California , and Pennsylvania). With the opportunity to move into these states, Amazon opened more than 20 new fulfillment centers in 2012. The three in Texas will add an additional 3.3 million square feet of warehouse space. The new locations will be:
• Schertz (near San Antonio)
1.2 Million square feet
Will handle large items
• Coppell (near Dallas)
1 Million square feet
Will handle large items
• Haslet (also near Dallas)
1.1 Million square feet
Will handle smaller items like books, small electronics and DVDs
Having more fulfillment centers helped Amazon dropping the amount of shipping costs within its yearly budget. In 2011, the shipping costs for the holiday season covered 5.4% of Amazon’s budget for that quarter. In 2012, the amount for that same time period was only 4.5%.

Not only will the state benefit from the taxes collected, the three locations are projecting to hire more than 1000 workers (and this number will most likely increase dramatically during the holiday seasons).

Around the world, Amazon currently operates 79 fulfillment centers.

Related links:

List of eBay Friendly Wholesalers
 
Amazon Fulfillment Course – Automate and Grow Your Business with FBA
 
Amazon FBA Recipe for Success






Monday, February 13, 2012





Scouting locally for FBA inventory can seem overwhelming at first, and rightly so. Large stores like Wal-Mart, Target, Toys R US, Walgreens, and TJ Maxx have thousands of items. How do you know where to start? Your comfort level will grow as you become more experienced. Here are a few tips for learning what types of products to scan and consider for FBA.

Here are a few things I learned about how to scout for toys this past holiday season:

Go to Kmart, not just Walmart, Target, and Toys R Us. Kmart stores are dwindling – there aren’t as many as there used to be. You can often find products that are Kmart exclusives or other products not found in Walmart and Target. And many of your competitors won’t even have access to a Kmart.

Try some items priced $50 or higher. The more expensive an item is, the fewer competitors you will have. According to an informal survey on my Facebook group, 75% of the FBA sellers asked won’t pay more than $10 per item when buying inventory. So if you have the cash flow, and you are not terribly risk averse, try some high dollar products and see what happens. You may see a nice profit and a fast turnaround due to lack of competitors.

Scan items that have fewer quantities on the shelf. For example, maybe there is only 1 purple mermaid Barbie, but 7 yellow ones. This tells you that the purple one is more popular than the yellow, since shoppers may have purchased almost all of them. Or, maybe the store didn’t get as many of the purple because they are in shorter supply. If there is only 1 or two of a variation of a particular item left, this is a clue that the item may be a good seller. Over the 2011 holiday selling season, the pink Fijit sold for about $20 more than any other color. Also, the Pink Leapfrog Leap Pad sold for more than other colors, because not as many pink ones were produced. Look for things in short supply.

Listen to the shoppers around you. Listen to what the kids are asking their parents to buy. If you feel comfortable and it is appropriate, ask a question or two. For example, I was scanning a toy that has about 25 variations. A mom and her 5 year old came to that section and the child wanted a particular one. I asked the mom, “Do you know about this toy? Why is that particular one so popular?” The child actually answered, and said, “Because he is the hero and always saves everyone else.” And guess what. It was an $8 toy. The one the child wanted, that was out of stock, had a 5% ranking and sold for over $30. Listen to what is going on around you!

Related articles:

Money Magazine Survey - Amazon Ranked Highest by Online Sellers


  
Learn to Sell Toys on Amazon


Amazon Pricing Strategies

Tuesday, January 10, 2012



Here is another common question I have received from my clients and see on message boards. Part of the decision making process when determining whether or not an item is a good fit for Amazon is sales rank. But what if an item does not have a rank, or the rank is zero?

No sales rank. We (experienced Amazon sellers) believe this means that the item has sold at least once in the past but a long time period has passed. It could have been months or even years since a sale.

Zero rank. The item has recently been listed and no sales has occurred yet.

So, your next question is, what do I do if there is not a rank, or the rank is zero?

Here is how I approach a zero rank situation. If I have a gut feeling about a product, based on my own experience with a brand name or type of product, I will watch the item and see what happens. Eventually a ranking will appear when some are sold. My feeling is that someone obviously knows enough to have taken the time to list the product and do all the work. If I don’t have enough experience to make the call, I can take advantage of another seller’s initiative and pay attention to the situation.

I also pay attention to the seller who listed the item. I look at these factors:


  1. Does the seller have a lot of feedback – meaning are they experienced?

  2. Does the seller have a large product offering?

  3. Does the seller specialize in a certain category, such as toys or health and beauty?

  4. Does the seller have a lot of products with a zero ranking, which would indicate that they experiment regularly?


If you don’t have the experience or knowledge to understand whether a zero ranked product is worth listing, watch other more experienced sellers.

Also, a note about zero ranks. I have experimented with products with a zero rank and sold maybe 25-30 of the product before a ranking showed up on the listing or FBA Scout. So, although the rank may show as zero, and it APPEARS that no sales have occurred, you can’t always make that assumption.

My best advice on zero ranked products is to go with your gut. If your inner voice is telling you that the item will sell, you know the brand name is a good seller, or you yourself use the product and like it, follow that instinct. Buy a couple and see what happens. You may discover a situation where the item sells and the ranking stays a zero for a few months. Competitors will look at the item thinking none have sold yet. And you will be laughing all the way to the bank!

Related articles:

New Year’s Coaching Special

Amazon Recipe for Success

Join My Facebook Group – Network FREE with other Amazon Sellers


Tuesday, August 16, 2011





Many Amazon sellers are addicted to watching their pending sales. I have the pending screen bookmarked on my desktop computer, iPad, and iPhone. Checking pending orders is more than just being excited about what’s selling, it is a way to gauge the demand and popularity of an item and make more money because you are “in the know.”



When an item is in “pending,” it means that a buyer has committed to the purchase. If he purchased multiple items from different sellers, he may have checked the option to have his order sent in as few shipments as possible. If this is the case, your item is marked “pending” until the complete order ships. The buyer may also be waiting for other items to be included in his order and chooses to wait for it to ship. Items can be held in pending status for several weeks sometimes.



If you are not checking your pending sales, you are missing valuable information about Amazon buyer demand. Let’s say your FBA order hits the warehouse and you have some products in the box that you have never sold before. You want to pay close attention to how quickly those products are snapped up by buyers and how many each buyer wants. For example, a few weeks ago I sent in a seasonal food product. As soon as the order hit the warehouse, all 6 of them went into pending, 3 units going to 2 different buyers. By keeping an eye on my pending orders, I was able to determine that this product was hot, buyers wanted it, and I should go get more as quickly as possible. If I had waited until I received the “Amazon has shipped the item you sold” email, I could have missed the opportunity to purchase and resell some of this product, because the items didn’t actually ship out of FBA until a week later.



To check pending orders:





Click here for more information on using Amazon’s FBA program.







Sunday, August 7, 2011



It is finally finished! Kim and I have been working on our Amazon FBA program all summer, and here it is!

Amazon FBA Recipe for Success

Comprehensive 105 page eBook explaining how to sell products on Amazon using their fulfillment (FBA) program. Written by Suzanne Wells and Kim Tarrant, two experienced Amazon FBA sellers who earn their living selling online.

eBook Highlights:

Understanding the Amazon Customer – When you know why they pay more, you can charge more for your products.

Sourcing – Not just where to go, but how to maximize your time and use technology to source products.

Scouting Tools – You can do this without a smart phone!

Pricing Strategies – How to deal with competitors (Amazon isn’t eBay and you don’t have to be the lowest priced seller to get sales).

Amazon Minefields – Tips for staying out of trouble.

Damage Control – Who to contact or what to do when there is a problem with your FBA shipment, damaged products, or returns.

FAQs – Answers to questions we have seen repeated on seller boards and groups.

Complete Table of Contents can be viewed here
Assignments are included after each chapter so you can practice what you’ve learned before you spend money on inventory. These are some of the same assignments Suzanne Wells uses with her private coaching clients. (She has coached over 300 clients worldwide helping them grow their eCommerce businesses.) So roll up your sleeves and let’s get started making money on Amazon!

100% satisfaction guarantee, money back if not completely satisfied.

This product is sold through Clickbank with immediate electronic delivery.

Click here to purchase and receive the instant download now.

If you have a blog about ecommerce, home business, work at home moms, or being an entrepreneur, our Clickbank product may be a good fit to promote on your site or blog. (Link to affiliate program info is at the very bottom of the purchase page).
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.