#175 - If Amazon fees increase, should you raise your price?

Selling on Amazon with Andy Isom

Andy Isom | Amazon FBA Seller & Agency Founder

Amazon, Business, Amazonfba, Selling, Marketing, Entrepreneurship, Personalbusiness, Productbusiness, Ecommerce, Onlinebusiness

4.9 • 816 Ratings

🗓️ 31 August 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

If the Amazon fees are increasing, the first thing you need to do is to run the calculations and see how it is actually affecting your margins.

In this episode, I discuss if you should raise your prices when Amazon fees are raised.

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Transcript

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0:00.0	Fees do increase from time to time. So if Amazon does increase their fees, do what you have to.
0:07.0	Okay? You're in business to make money, not to be a charity. So if Amazon were to raise their fees, any of their fees, and it dramatically impacts your profit margins and your bottom line, then yeah, you got to raise your price, right?
0:22.0	You got to stay in business. You got to pay the bills. You got to make a profit.
0:32.9	What's up, guys, you're listening to another episode of Selling on Amazon with Andy Isom.
0:38.3	If Amazon fees increase, should you raise your price?
0:43.0	This happens frequently where Amazon will, you know, raise their seller fees or their
0:48.6	FBA fulfillment fees to, you know, combat inflation and just keep up with, you know,
0:53.7	the standard economy out there.
0:55.2	So fees do increase from time to time.
0:58.1	So if Amazon does increase their fees, what should you do about the pricing of your product?
1:02.9	Should you increase the price?
1:04.3	Should you keep your price the same?
1:05.8	We're going to talk about some ideas in this episode.
1:09.3	The first thing that I want to mention is to do what you have to.
1:13.2	Okay. You're in business to make money, not to be a charity. So if Amazon were to raise their fees,
1:19.3	any of their fees, and it dramatically impacts your profit margins and your bottom line,
1:25.3	then yeah, you got to raise your price, right? You've got to stay in
1:28.2	business. You got to pay the bills. You've got to make a profit. So that's the first and overall
1:33.9	motto to live by is do what you got to do. Again, if the fees impact your profit margin and
1:39.5	your bottom line to a point where it could potentially put you out of business, then yes, you're going
1:45.3	to have to raise your price. But let's talk about now some scenarios or things that maybe you could
1:51.0	do or look into to potentially not raise your price. Or maybe it is a good idea to raise your price.
	...

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