Having your manufacturer ship directly to your Amazon account is a simple process. However, for the first shipment, we recommend sending it either to yourself or a prep center to ensure your manufacturer follows Amazon’s shipping guidelines.
We have a lot of interaction with business owners at different levels, and one thing we have learned is there are a few key concepts that separate the high performers from those who struggle. Some of this comes from what we have learned about ourselves over the years as well, and applied in our business.
To preface this article: I have been thinking a lot recently on the concept of strategy and tactics. Through that study, I have determined that we are most certainly a strategy driven company, as we rarely focus on tactics. Our focus on tactics is finding a solution that moves us to the next place on the map.
REPORT FINDS 1 IN 5 AMAZON SELLERS SOLD OVER $1 MILLION WORTH OF PRODUCTS “It’s too saturated.” “It’s too competitive.”
You read that right, after five years of operating our Amazon business in our own warehouse, we are closing the doors. We have finished our warehouse lease and moved ENTIRELY to a prep center!
So…we took our own advice…FINALLY
If I said you could start with no product idea, have a bestseller on Amazon in 30 days or less, and you could do it without a product launch…would you believe me?
What if I told you this could be completely automated into a process that not only generates fast cash flow, but builds up equity over time into sellable assets?
Today, Eric and I are proud to announce our students of The Wholesale Formula have combined to sell over $500 million dollars on Amazon!
Wow! I can’t begin to explain how proud I am of our TWF community. HALF A BILLION DOLLARS!!!
Last week was Independence Day. I spent the holiday with my wife, our two daughters, and a mixture of other family and friends hanging out by our pool, grilling hamburgers and hot dogs.
Later that evening, as it drew closer to dusk, we headed out to a nearby park to watch fireworks. We found a nice spot to park, opened the hatch of our SUV, and sat in the back together awaiting the fun. Even as a grown man, I still love fireworks, but I ESPECIALLY love watching my two girls watch fireworks. Their genuine sense of wonder and amazement fills me with joy.
How quickly do you move your inventory? Do you find yourself sitting on surplus product? Have you experienced an Amazon stockout? To ensure you’re maximizing your business’ growth, you should be asking yourself these questions on a regular basis and taking steps to move more product more quickly, without running out of stock.
To do this efficiently, you need a sound inventory management strategy. One that tells you how much product to sell at a time, what price to sell it for, and how/when to resupply. Get started with this 3-part guide to maximizing inventory turn:
If you follow our blog here, you know we don’t buy wholesale using any of the traditional methods.
The traditional ways people buy wholesale involve going to tradeshows or signing up for accounts with distributors and wholesale companies. They will then go through those companies’ giant catalogs of branded inventory to find products they can buy to profitably resell on Amazon.
Let’s face it: No one really wants competition. Even more to the point, no one wants competition from the biggest, baddest competitor in the game! So, is this something that can be prevented?
Not always, but it’s definitely possible.
The primary thing we have to remember is WHO Amazon is. Why does Amazon do the things they do? Who does their policy serve?
