The Full-Time FBA Show - Amazon Reseller Strategies & Stories

Latest Episodes:

126 - What You Don't Need to Be Successful Selling Wholesale Items on Amazon Mar 07, 2022

Show notes

There's a lot of people who think it's really complicated to do wholesale, but we're here to tell you it might not be as tricky as you think. On today's episode, instead of advising you on what you need to have to sell wholesale successfully on Amazon, we're telling you what you don't need to succeed.

Now, there are things you need for sure, but there are also things you may think you need that aren't completely necessary. During today's episode, we bust some commonly-believed myths around shipping, labeling, storage, money, and more. Join us to hear more today!

125 – The Wholesale Formula Course - Student Success Interview Mar 01, 2022

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Find out exactly what The Wholesale Formula course is actually like as I interview one of the course's students, Rebecca Smotherman. That's right, Rebecca took the course in early 2021 and has experience not only with the course, but also what it's like to put her new wholesale knowledge into action in real life.

During Part One of this discussion, Rebecca shares what motivated her to move from mainly OA to wholesale sourcing, what she hoped to get out of the course, and what she loved about it. She talks us through the changes she made to the business following the course, and the time investment involved in following the course's step-by-step instructions to activate those tweaks. Stephen weighs in on how the course has changed since he first did it in 2015, and Rebecca shares the nuts and bolts of how she approached completing the course. We hope you join us to hear all this and more today!

124 - Biggest Wholesale Mistakes I Made with My First Order Feb 21, 2022

Show notes

Amazon sellers are all bound to make mistakes as we begin to navigate our way through the world of wholesale, and boy did we make a few! Today, we share the six biggest beginner mistakes that Stephen made with our first wholesale order, so you don't have to fall into the same traps.

In this episode, you'll find out just how conservative you should be with your first order and how to ensure you're ordering goods that will stand you in good stead year-round. We also share some of the costly assumptions Stephen made, and we urge you to ask questions, no matter how trivial they may seem. We clarify the difference between manufacturer and distributor, and why it's important to understand that distinction. Thankfully, we have learned from our mistakes and have gone on to find massive success in wholesale, so don't be disheartened! Tune in to discover how we learned all we needed to know about wholesale, and how you can too!

123 - Pros and Cons of Wholesale Sourcing Strategies Feb 14, 2022

Show notes

There are multiple wholesale sourcing strategies out there, and we've tried them all! In today's episode, we break down the pros and cons of each respective strategy. The most common go-to for most things is Google, and wholesale sourcing is no exception. We explain why Google isn't a particularly strong strategy, and why we absolutely love reverse wholesale sourcing!

So as not to leave you shortchanged, we delve into all the strategies in between and fill you in on all you need to know about trade shows and vetted wholesale directories. In this installment of The Full-Time FBA Show, you'll learn the difference between buying from a distributor and buying directly from a brand or manufacturer, how to benefit from trade shows without actually attending, why an easy yes from wholesalers might not be a good thing, and so much more! Listen today and get cracking on turning part-time hours into a full-time income with Amazon FBA.

122 - How to Increase Your ASP (Average Selling Price) Feb 07, 2022

Show notes

Today we talk about the nuts and bolts of increasing your average selling price (ASP) to create long-term success in your Amazon FBA Business. We share practical tips on how to progressively raise your ASP through setting a minimum selling price parameter, selling multipacks or bundles, and sourcing higher-priced items.

These changes require a different mindset when it comes to sourcing and pricing. Drawing from our own experience, we'll equip you with some amazing tools to raise the bar and find longer-term success with higher profits. Listen today for all the details.

121 - Why You Should Raise Your ASP (Average Selling Price) Jan 31, 2022

Show notes

If you want your Amazon business to be a successful one and not just a hobby, you need to raise your average selling price (ASP). In this episode, we delve into all the benefits of raising your ASP and you'll discover the direct link between long-term success selling on Amazon and having a higher ASP.

We talk you through how to find your current ASP and explain why raising your ASP makes it easier to scale your business and make greater profits. For those of you who are starting out and feel nervous about selling higher-priced items, we have you covered. We fill you in on how to start raising your ASP incrementally until you feel comfortable. Listen today to find out how raising your ASP will save you time, money, and effort, setting you up for lasting success.

120 - Avoiding the Top Scams that Target Amazon Sellers Jan 24, 2022

Show notes

Today, we're tackling our all-time LEAST favorite topic: Scams! As unpleasant a subject as it may be, unfortunately there are scammers out there targeting Amazon sellers, and it's important to keep our wits about us. In this episode, we cover the three main scams that Amazon sellers could fall prey to: course scams, personal information scams, and scammers posing as lawyers or brand owners in an attempt to knock you off a listing.

Listen today to find out how to identify these scams, what Amazon's legitimate modus operandum would be in each case, and what to do if you suspect "phishy" behavior. We want to help you protect yourself and your account from any sinister activity so your FBA business can continue to thrive!

119 - Reseller Advertising Strategies for Increased Profits (with Jo Ann Zimmerman) Jan 17, 2022

Show notes

Most people believe that you need to be a brand owner or private label seller to benefit from advertising on Amazon, but today we discover just how beneficial it can be for your FBA reseller business. If you're someone who gets their inventory via retail arbitrage, online arbitrage, or even wholesale, advertising your inventory is a great way to separate yourself from your competition and increase your sales.

This week on the Full-Time FBA Show we welcome back our friend Jo Ann Zimmerman to talk all things Amazon Ads, particularly for resellers like us! Jo Ann fills us in on why it's a good idea to consider advertising on Amazon, how it can save money in the long run, and which categories she finds are the most suitable to advertise in. Tune in for some insider intel into the world of Amazon advertising for resellers, from someone who has dedicated her time to experimenting with it, understanding it, and generously sharing her findings.

118 - Amazon FBA Predictions for 2022 (And Beyond) Jan 10, 2022

Show notes

Today we hear about Stephen and Rebecca's predictions for Amazon in 2022 and what they mean for FBA sellers like you. The first five predictions are covered in-depth, with the potential impacts (positive and negative) on FBA sellers discussed for each.

These include changes to Amazon seller guidelines, an increase in online buyers, why retail arbitrage is not dying, why Amazon is building more fulfillment and distribution centers, and how Amazon is going to improve its advertising in 2022.

Next, we launch into a lightning round, where we hear some rapid-fire predictions and comments around what else 2022 might (or might not) bring for an FBA seller. Don't miss out on this exciting episode!

117 - Maximum Profits in the New Year - Q1 Success Strategies Jan 03, 2022

Show notes

Today we'll discuss how to start 2022 with a BANG! Q4 was a crazy awesome time for sellers with sourcing tons of inventory to cater to a time of gift-giving and holiday getaways, while also dealing with the holiday expectations for your family and friends.

One of the biggest challenges in starting a new year is the mindset shift, from a frenzied holiday period to a much quieter time in Q1. In our conversation today, we discuss our top tips for how to prepare for Q1, like why you need to keep up with returns and how to adjust your sourcing to more obscure suppliers. To learn how you can best prepare for 2022 and stay on Amazon's good side, listen today!

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