#130 - How to calculate restock in the early stages
Built by Business: Amazon FBA, E-Commerce, Brand Building
Andy Isom | Amazon FBA Seller & Agency Founder
4.9 • 816 Ratings
🗓️ 16 March 2022
⏱️ 24 minutes
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Summary
There is no clear-cut way to calculate restock in the beginning and the best way to do it is through trial and error. In this episode, I discuss Lesson 60 of my e-book Zero to $1 Million, which is about how you can do your calculation and schedule of restock in the early stages.
When starting out, a lot of people can be very conservative when spending, especially when they're bootstrapping the business. There are a lot of expenses to be taken into consideration and every spending must be well-thought-out. There are three things to keep in mind to ensure you have a well-thought-out plan: lead times, daily sales, and your budget.
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Transcript
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| 0:00.0 | Hey, I shipped 100 units to Amazon. How many do I have today? How many do I have tomorrow? |
| 0:04.5 | How many do I have on Friday or Saturday? So check that every day, especially in the early |
| 0:08.4 | stages so you can really see like how your inventory is going down, what the rate of daily sales |
| 0:12.4 | are like, so then you can get a really good idea of, hey, I need to place this reorder ASAP. |
| 0:16.3 | In the early stages, guys, you're going to sell out. Hopefully. Now, as far as the when, you know when, you know once you get to 228 units, you got to reorder. But at that point, you got to decide |
| 0:24.8 | how many units do you want to reorder? |
| 0:33.0 | What's up, guys? You're listening to episode of Selling on Amazon with Andy Isam. |
| 0:38.2 | In this episode, we're going to talk about how to calculate inventory restock in the early stages. |
| 0:43.6 | This is based around lesson number 60 in my ebook, zero to $1 million in sales. |
| 0:49.1 | So again, lesson number 60, if you have the ebook. |
| 0:52.6 | I've got links in the show notes as always. I'm sure if you're up |
| 0:56.0 | to this episode, you probably already have the e-book by now. But just as a friendly reminder for |
| 1:00.1 | those of you who don't, you can find all the information of how to start an Amazon business |
| 1:04.9 | in my e-book. And you can get it at a great price. I want to read a review, a podcast review, |
| 1:09.8 | on the show because this one |
| 1:11.9 | really stood out to me. I started running some ads for my play sheet and you've probably |
| 1:17.0 | already seen them. I'd be willing to bet if you're listening to my podcast, you probably have |
| 1:21.0 | seen ads on Instagram or TikTok or something for me, you know, advertising my new FBA play sheet |
| 1:26.1 | that you can download for free. Again, that's a |
| 1:28.6 | free resource for you. And you can find a link to that in my Instagram. So on Instagram, I don't |
| 1:33.2 | think I have a link yet in the podcast description. I should get one added. But on Instagram, |
| 1:36.6 | there's a link to download my FBA play sheet. And I got this podcast review over on Apple, and I loved it. It says, not all heroes wear capes. This is from SeaFriend 217. |
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