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

Latest Episodes:

066 - The Secret Ingredient to Success with your Amazon FBA business Jan 11, 2021

Show notes

There are many ingredients to becoming a successful Amazon seller. You need to buy the right products to sell, price your items competitively, learn and execute different sourcing strategies, and the list goes on… but today, we're going to be discussing the one essential success strategy that nobody seems to talk about: Focus.

By eliminating the noise and focusing on what truly needs your attention, you can finally transform your FBA business into a successful one. We open the show by taking a look at the starting points that'll give you the best opportunities to achieve maximum focus. With so many things that need to be done to run a successful business, we'll show you how you can know the exact next steps to take in order to see the biggest results in the shortest time possible. Toward the end of the episode, we explore the range of distractions you might be exposed to and talk about how to consistently overcome your biggest distractions. If you want to find your focus, be sure to join us in this episode!

065 - Is Amazon Trying to Get Rid of 3rd Party Sellers Jan 04, 2021

Show notes

As we stand at the beginning of the new year, you might be asking the same question many others are: Is Amazon trying to get rid of third-party sellers? Spoiler alert: The answer is "no." While common frustrations like increasing Amazon fees, storage limits, and brand restrictions seem to make it harder and harder to sell on Amazon, there are actually a multitude of solid reasons why Amazon needs third party sellers like you and me in order to be successful. In this episode, we explain why Amazon wants third-party sellers and why there is no need for you to be concerned about them kicking you off their platform (as long as you're following the Amazon guidelines).

While we do not deny the fact that Amazon has a complicated relationship with third-party sellers, they do a great deal to help us be successful. In this episode, we uncover all the objections and encourage you further on your journey of creating a super successful Amazon FBA business!

064 - Successful Goal Setting for Amazon FBA Sellers with Jo Ann Zimmerman Dec 28, 2020

Show notes

If you want to create success for your full-time FBA business, then setting goals should be your first step. Today we sit with full-time FBA seller Jo Ann Zimmerman to hear her secrets behind effective goal-setting. We open the show by talking about how Jo Ann sets goals for herself, first by looking at where she is in the present moment, assessing the past year, and then ultimately deciding where she'd like to be in the future. She complements this process by working backward, taking into account gross and net profit, as well as looking at how she can improve her sales through better inventory and sourcing.

She then goes on to refine the goal-setting process and tells us how to take actionable steps on making your dreams a reality. We then turn the spotlight onto sourcing inventory and setting goals around this vital function of FBA. You'll see why it's imperative to expand your inventory list, as well as how to adjust prices depending on financial climate. In the latter half of the episode, Jo Ann goes on to explain how you can keep your goals attainable and how to clear obstacles from your way. To finish off, Jo Ann tells us about her "fun goal" for the new year. To master the art of goal-setting for FBA, be sure to join us today!

063 - Skills for Amazon FBA Success Dec 21, 2020

Show notes

We have so many great guests join us on The Full-Time FBA show to share their wisdom but the person who joins us today is extra special because he is Stephen and Rebecca's son, Peter Smotherman! Peter is here for a "snack-sized" episode to share some of the pieces of wisdom he has been learning in his 8th-grade class called 'Skills for Success,' along with a little help from Dad to apply these skills to Amazon FBA sellers.

062 - How Not to Waste Your Q4 Profits Dec 14, 2020

Show notes

During the most lucrative part of the sales year, many sellers leave Q4 with high profits but without a clear plan on how to spend them. Today we give you our top tips on making the most of your Q4 profits. Early in our conversation, we highlight how investing in time-saving tools and software can unlock greater productivity and profit. After touching on how you can save money by switching from monthly to annual plans, we talk about what you should look for when buying new inventory. From purchasing office supplies in bulk, we explore the benefits of investing in your mind by enrolling in FBA seller courses.

Now, not everything needs to be about business. We also discuss how paying off your debt helps you build toward long-term success. We also reflect on the importance of treating yourself and giving back. Near the end of the episode, host Rebecca Smotherman shares details about the organization that she contributes to. Tune in for more of our insights on how you can best use your Q4 profits.

061 - Top Strategies for Finishing The Year Strong Dec 07, 2020

Show notes

Since December is one of our most lucrative sales months, today's episode is devoted to helping your business end the year with a bang and not a whimper. We open by exploring why you should reprice your items, with host Stephen Smotherman sharing his liquidation repricing rules for offloading gift items and decorations. After touching on the benefits of using automatic pricers like BQool, we talk about why you may want to expand your business to include Amazon merchant fulfillment. Focusing on how buyers adopt different consumer behaviors over the festive season, we then discuss how these behaviors impact sales ranks and other data and how this affects what you should stock in the new year.

Shifting gears towards your 2021 start, we dive into how you can benefit from clearance sales and what to look out for to ensure you don't end up overstocking or losing money to storage fees. Near the end of the episode, we reflect on the marathon that was 2020 before sharing our top advice on ending the year in the best possible position. Tune in for more insights on how you can end 2020 on a high note.

060 - How Amazon Sellers Use Deal Lists For Maximum Profits Nov 30, 2020

Show notes

Many Amazon sellers avoid deal lists for the well-founded fear that items appearing on these lists will soon flood the market, leading to inflated competition and price drops. Today we dive into the issue and show listeners how, with the right list, they can make healthy profits with little to no competition.

We open our conversation by exploring what deal lists are and why people use them. We then discuss the many forms that deal lists can take, how they're structured, and how you can look for lists that fit your niche. Podcast host Rebecca Smotherman highlights how the right deal lists often pay for themselves. She also touches on the importance of developing a system to determine which deal lists are valuable to your business.

Near the end of the episode, Rebecca shares her top tips for handling with deal lists, including how she tracks information, why you should approach deal lists with time sensitivity, and how you can get into using deal lists through free trials. Tune in for more advice on using deal lists and finding high-quality buying leads that make maximum profit.

059 - How Gratitude Impacts The Success of Your FBA Business Nov 23, 2020

Show notes

There are a lot of factors that can make your full-time FBA business successful, but sometimes it's the simple things that can have the biggest impact. In today's episode, we talk about how gratitude can help your bottom line and why you should make it a pillar of your FBA business.

As we discuss, by expressing this attitude, you have the opportunity to maintain and build connections with others, create loyalty, and open up opportunities for yourself. Stay tuned and you will hear about the four things co-host Stephen is most grateful for with his Amazon FBA business, which include the outsourcing potential, the catalog of digital tools available to FBA sellers, and the educational courses and resources. After describing each topic in detail, you'll hear the contents of Rebecca's list of things she is grateful for, touching on flexibility of schedule and the joys of working from home.

058 - November Sourcing Ideas and Strategies for Amazon Sellers Nov 16, 2020

Show notes

Here are our best sourcing strategies you can use to turn bigger profits in your FBA business, specifically at this time of year. Christmas is just around the corner, and we all know how well toys sell this time of year, but today we will be casting our net wider and covering eight strategies you can use to help you capitalize in the second month of Q4: November.

During the show we talk about how you can take advantage of limited-time clearance sales, getting out of your sourcing rut, and the best ways to use your time sourcing this time of year. We share a more general strategy after that, talking about how you can broaden your normal sourcing strategy by thinking about what types of items would make great gifts for your relatives this Christmas. Wrapping up, we remind everybody about Black Friday, a time where stores are basically begging people to buy their stuff at super cheap prices. So tune in today and hear about some great ways to branch out this Q4 in your Amazon FBA sourcing strategies.

057 - Online Arbitrage Tips for Black Friday Sourcing Nov 09, 2020

Show notes

Many successful Amazon resellers are studying and strategizing for Black Friday sourcing weeks in advance, but many people don't realize how profitable Black Friday can be by just sitting on your couch at home with your computer. In this episode, Stephen interviews Rebecca about some profitable strategies for Black Friday via online arbitrage (OA).

Not only does Black Friday sourcing online help you avoid all the crazy crowds, but it offers up so many other benefits as well. From avoiding purchase limits, focusing on a particular niche, and collecting info on all the best sales, to outsourcing to a virtual assistant (VA), utilizing coupon codes, and other advanced strategies, there is plenty to learn and implement for OA Black Friday sourcing.

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