#897: An overview episode: THE definition of Replens
Silent Sales Machine Radio
Jim Cockrum
4.8 • 811 Ratings
🗓️ 18 September 2024
⏱️ 34 minutes
🧾️ Download transcript
Summary
In this episode, we dive into the concept of "replens" and how it differentiates from Online Arbitrage (OA), Retail Arbitrage (RA), and Wholesale. We start by discussing a crucial piece of advice from our Kickstart Bootcamp—always check the brand! Nothing else matters if the brand doesn't match.
Then, we explore a common question from a new coaching client: What exactly is a "replen"?
We break down the definition, highlighting how replenishable items don't need to be consumable and can be sourced at full price, as long as they are viable, testable, and consistently replenishable.
Additionally, we tackle the ideal price point for replen items, reflecting on our journey from an average resale price of $15 in the early days to $25 today. You'll also hear insights on how some clients have succeeded with lower-cost items that resell between $10-$15.
Whether you're just starting out or refining your strategy, this episode offers valuable guidance on building a sustainable business model with replens!
Our special guest and legal advisor at the conclusion of today's show, Jeff Schick of JeffSchick.com discusses how speed kills. The most important policy violation remedies for sellers who have an IP complaint against them.
Watch today's episode on our YouTube channel here: https://youtu.be/wVE4JZQEwqs
Show note LINKS:
SilentJim.com/bookacall - Book a FREE call here to discuss our offers including coaching, legends and ProvenAmazonCourse.com course
SilentSalesMachine.com - text the word "free" to 507-800-0090 to get a free copy of Jim's latest book in audio about building multiple income streams online or visit https://silentjim.com/free11
My Silent Team Facebook group - https://www.facebook.com/groups/mysilentteam
100% FREE! 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 with two courses available on this topic alone. The PAC is updated free for life!
https://SilentJim.com/kickstart - If you want a shortcut to learning all you need to get started then get the Proven Amazon Course and go through Kickstart.
Keepa.com - https://get.keepa.com/ede41 -The service we use to help interpret all of the selling data. Keepa is discussed in depth on episode 369 at https://silentjim.com/podcast
Transcript
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| 0:00.0 | Welcome back to Silent Sales Machine Radio. |
| 0:04.2 | We are your co-hosts. |
| 0:05.2 | I'm Brian. |
| 0:05.8 | And I'm Robin Joy. |
| 0:06.8 | And this is Coach's Corner. |
| 0:08.6 | Hi, everybody. |
| 0:09.7 | So we are back to normal podcast sort of content. |
| 0:14.8 | Right. |
| 0:15.1 | We were doing this series on competencies and that I think went really well. |
| 0:19.3 | Yeah, it does feel sort of freeing and, oh, what are we going to talk about this time? |
| 0:24.3 | Yeah. |
| 0:25.3 | Back to that. |
| 0:26.5 | At the same time. |
| 0:28.1 | Whereas before, like, every one of those was sort of structured, we knew exactly what we were going to be talking about. |
| 0:33.1 | Well, interestingly enough, we usually have way more things to talk about than we have time to talk about |
| 0:38.2 | them. So during that time, we were like, oh, all these things. And now we have to pick one of those |
| 0:43.1 | things. That's all right. Let's get into it. Here's the good news. We have a virtually endless |
| 0:48.3 | supply of questions that we typically get from our coaching clients, which is kind of how this whole |
| 0:53.8 | podcast thing got |
| 0:54.8 | started anyway. Like these common questions, why don't we hop on to a podcast and cover them |
| 1:00.8 | and give everyone in the community some of that value? And so that's kind of what we're doing today. |
| 1:06.1 | And I want to start this off, Rob and Joy, with every Monday, I hear, I overhear you, typically doing the, um, |
... |
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