Mar 19, 2018
“I’m stuck!” Many Amazon sellers find themselves saying this, unable to move forward as they reach a plateau in their Amazon journey. For this reason, it is essential to take the time to sit down, pause, and rethink your strategies on how to conquer stalled growth on your Amazon business.
On this episode, we’re sharing practical tips and actionable growth strategies that will bust the barriers that are holding you back from taking your Amazon business to the next level. We’re sharing how long you should test a strategy to determine its effectiveness, how to stay competitive, and how to get past the sales plateau.
“If you feel like you’re stuck in a rut, step out of the box. Step out of your comfort zone.” - Amy Feierman
This week on The Amazon Files:
- Why you should change your sourcing guidelines
- What a sales rank is
- How to adjust your margin threshold
- Return on investment (ROI) vs. sales margin
- How to study the numbers in your business
- What the fun part of the Amazon business is
- The benefits of having a financial plan
- How to price your items
- How to get bundle ideas
- The significance of asking Amazon to merge listings of the same bundles
- Why you should aim for discounted or free shipping from wholesale suppliers
- The essence of taking someone else with you when sourcing out inventory
- Why you should be open to change
- Tools and resources to help you with bundling
- The starting point for your research
- How to determine items to bundle
How to Bust Through Your Plateau-Busters:
- Change your sourcing guidelines.
- Change your margin thresholds.
- Change your sourcing methods.
- Go where everybody else isn’t going.
- Don’t forget to keep yourself motivated by your reason, inspiration, and your “why.”
Resource Mentioned:
- Notebooks
- Virtual Assistants
- Upwork
- RetailMeNot
- Honey
- Merchant Words
- Jungle Scout
Tools and Resources Just for You!
People say that the lifeline of An Amazon business is research, research, research. Where do you start with your research? If you’re looking to learn how to do research the systematic way, our research class at MommyIncome.com/research will surely get you in the door and help you figure out the items you can sell.
Can’t seem to understand the numbers on your Amazon reports? Learn how to read and analyze those numbers so you can utilize them in strategizing and growing your Amazon business. Go to MommyIncome.com/reports for a classroom walkthrough of this significant element in your Amazon business model.
Quit the guessing game and start trusting your keywords! Get the discounted monthly offer of Merchant Words at $9/month exclusive to Mommy Income listeners and followers by going to MerchantWords.com/MommyIncome.
Are you running out of bundle ideas? Go to MommyIncome.com/junglescout to find your niche and come up with bundle ideas that would boost the sales of your Amazon business.
Smash Your Amazon Competition, Double Your Income!
Are you tired of going from store to store to look for inventory just to see other sellers offer it a few months later? Do you want to smash your competition and double your Amazon sales this year? Double your sales without the unnecessary cashout! We’re going to share with you the strategies we used to reach the six-figure business we’re currently running through wholesale bundles. If you’re serious about growing your business, go to www.MommyIncome.com/wholesalebundles.
Don’t know where to start in your wholesale bundling Amazon business? We teach a lot of different strategies for searching wholesale bundles and creating your own unique bundles. Learn the A to Z of Amazon wholesale bundling through Mommy Income’s Wholesale Bundle System. Visit MommyIncome.com/system for more information.
Take the First Step to Turn Your Dream Into Reality!
How can you work on your Amazon business when it seems that you just don’t have the time to do it? It’s time for you to take action and take back your life -- and we can help you do that. By getting a copy of The 15-Minute Hustle: A Simple Way to Get Everything Done eBook, we can help you get back 26 hours of your life in a week by learning how to start making your list and how to capitalize on it to get things done 15 minutes at a time. Go to www.15MinuteHustle.com to start realizing your dream, one step at a time.
Jumpstart Your Amazon Business Today!
Are you ready to jumpstart your Amazon business but don’t know how? We can guide you step by step through easy-to-understand video instructions for your Amazon business must-haves. We’ve got everything you need in one place -- from setting up your Amazon account and shipping your items to Amazon fulfillment centers. Go to StartFBAToday.com to start your exciting Amazon journey today.
Got Questions?
Shoot your questions on our Facebook Group! we’ll be happy to answer your questions, listen to your vents, and encourage you to carry on in the right direction. Join our community where you can interact with sellers of all levels -- from people who are starting their Amazon journey to those who have been full-time sellers for years. Go to MommyIncome.com/joinus with the code word busted to start interacting with our community.
Grow Your Amazon Business!
Thanks for tuning into this week’s episode of The Amazon Files, the show to help Amazon seller along their business journey one step at a time with your hosts and Amazon experts, Amy Feierman and Kristin Ostrander. If you enjoyed this episode, head over to iTunes, subscribe to the show and leave us your honest review. Don’t forget to share your favorite episodes with your friends on social media! Visit us on Facebook each week for a live discussion on how to grow your Amazon business and check out our website for even more resources.