4.8 • 805 Ratings
🗓️ 28 August 2024
⏱️ 50 minutes
🧾️ Download transcript
In this episode, we review the "3 Governors" that control growth in a typical Amazon replens business: Time, Money, and ASINs.
We then jump back into our latest series, The 7 Core Competencies of Amazon Replens, where we explore the foundational skills needed for success in this business model.
This episode focuses on the Pricing Competency. We break down how pricing strategies impact risk, from understanding historical trends to factoring in all ASIN-related costs like shipping, fees, and prep.
We discuss how to establish your break-even point and set minimum profit goals while running price tests. The episode also touches on Amazon’s In-Stock Head Start Program and best practices for managing replenishment pricing."
Our special guest and legal advisor at the conclusion of today's show, Jeff Schick of JeffSchick.com discusses Amazon policy on bundles and multipacks - insurance loop holes and other legal thoughts around listing them.
Watch this episode on our YouTube channel: https://youtu.be/8WcHi2Ge-yg
Show note LINKS:
SilentJim.com/bookacall - Book a call here to discuss our offers including coaching, legends and ProvenAmazonCourse.com course
Ashlin Hadden of https://ecom.insure to learn how inexpensive it can be to properly insure your business.
My Silent Team Facebook group. 100% FREE! https://www.facebook.com/groups/mysilentteam - Join 77,000 + Facebook members from around the world who are using the internet creatively every day to launch and grow multiple income streams through our exciting PROVEN strategies! There's no support community like this one anywhere else in the world!
ProvenAmazonCourse.com - The comprehensive course that contains ALL our Amazon training modules, recorded events and a steady stream of latest cutting edge training including of course the most popular starting point, the REPLENS selling model. The PAC is updated free for life!
Click on a timestamp to play from that location
0:00.0 | Welcome back to Silent Sales Machine Radio. We are your co-host. I'm Brian. And I'm Robin Joy. |
0:06.8 | And this is Coach's Corner. Yes, it is. You know, they say that the journey of a thousand miles begins with a single step. |
0:12.7 | Yeah, I've also heard them say that the first step is the hardest. Well, who are these people here? |
0:23.8 | Well, thankfully, starting or restarting your Amazon business doesn't have to be that hard. Right. If you're looking to start or restart |
0:29.3 | your Amazon business, make sure you consider joining a kickstart boot camp group. Kickstart boot camp. |
0:35.4 | Sounds intense, Robin Joy. Tell us about what someone might get out of joining one of those groups. |
0:41.1 | Well, what we do there, I have had the privilege of running those boot camps lately, |
0:46.0 | and I am just having a great time. |
0:48.5 | What we do there is we get new sellers started. |
0:51.5 | You know, we're always telling you, take action, take action. You got to take |
0:55.0 | action. And some of you are out there going, okay, I'm ready to take action. I'm just not sure |
0:59.2 | which action to take. Somebody get me started. Somebody tell me where to put my foot for that first step. |
1:04.6 | Well, that's what we're going to do in the Kickstart boot camp. We're going to take you through |
1:08.4 | four weeks in a limited Facebook group where just |
1:13.0 | the few people are there, the people that are in that particular class, you can ask any question |
1:18.3 | you want any time of the day for four weeks during that course, and that'll be in this |
1:24.3 | discussion part of that Facebook group. What we're also going to do is we're going to have |
1:29.1 | four live Zoom calls for questions and answers so we can, you know, discuss it, talk about it, |
1:35.1 | share what's happened and, you know, see what's happening for other people so that we know we're not |
1:40.4 | alone when it's happening for us as well. So we're going to do that. We're going to get |
1:45.4 | your Amazon seller account opened up. We're going to get your Keepa account opened up. |
1:51.8 | That's Keepa is the one tool that we really think you need, but that's really all you need to get |
... |
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