![]() The sales rank of an item is how I can tell whether or not the item will sell quickly on Amazon. How fast can I expect it to sell? (What is the sales rank history?) Here is more about understanding Amazon restrictions and how to get approved. You can see whether or not you are approved to sell an item from within the Amazon Seller app, but Scoutify also has a link to show you whether or not you are restricted for the item. If I can’t sell it, there’s no point in continuing to consider it. ![]() The second thing I look at when I’m making a sourcing decision is whether or not I am approved to sell an item. Some categories are gated for certain sellers, and some brands are restricted to sellers. Can I sell it? (Am I approved to sell the item?) If you can’t make money on your investment, you want to move on and look for different inventory items. The main point here is to find items that have a good ROI, whatever the parameter is that you’ve set. If you find an item that will sell very quickly, you can even go as low as 30% ROI. Some sellers stick with 75% and above, while others stick with 50% or above. If you have a higher percentage ROI, you have a lot more wiggle room to make some mistakes and adjust your price if necessary.Īs you gain more experience and confidence, you can begin sourcing items that have a lower ROI. We’re all in this business to make money, so we want to make sure the items we’re sourcing have a good ROI, or return on investment. When you are first starting out at Amazon FBA, I recommend finding items that have a 100% ROI. I typically ask myself 4 main questions when I’m making a sourcing decision: 1. This process works whether you are doing RA, OA, wholesale purchasing, or any other type of sourcing for Amazon FBA. OK, now that we have that covered, let’s look at my thought process when I’m making a sourcing decision. If you decide to sign up for RevSeller, be sure to use the coupon code FULLTIME so you can save $20 off your first year. Click here to get a free trial to see for yourself. RevSeller is a very useful app that can help you in multiple ways.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |