This autumn is essentially the most fantastic time of the 12 months for Amazon sellers, and it’s not too late to get much more out of it! Throughout this episode, we discover 4 last-minute This autumn methods that can assist you get essentially the most out of what’s left of This autumn for this 12 months.
Hear in the present day to listen to why it’s so essential to double down in your strengths, why it’s best to or shouldn’t take into account merchant-fulfilling, and why it’s so essential to fill up for Q1. You’ll additionally hear some important reminders to equip you to thrive through the closing quarter of this 12 months, together with what to do to organize for the quarter to return. Hear on the podcast participant under.
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Episode 215 Transcript:
[0:00:01.8] ANNOUNCER: Welcome to The Full-Time FBA Present. In every episode, it’s our purpose that can assist you flip part-time hours right into a full-time earnings, promoting virtually something on Amazon. Now, your hosts of the present, Stephen and Rebecca Smotherman.
[0:00:21.7] REBECCA: Hey there and welcome to episode quantity 215 of The Full Time FBA Present. We’re right here, it’s the tip of November 2023 and we’re speaking about last-minute This autumn methods to spice up your earnings on Amazon. Welcome to the present, my cohost, Stephen Smotherman, how is your This autumn going?
[0:00:41.1] STEPHEN: I imply, This autumn is at all times essentially the most fantastic time of the 12 months and we’re experiencing that, seeing a very nice increase in gross sales however like, time is ticking, there’s not a lot This autumn left and so you recognize, we received some actually cool last-minute methods for you right here in the present day.
[0:00:58.1] REBECCA: Since this episode drops in late November, we wished to provide you our greatest last-minute This autumn methods to maximise your This autumn earnings and the remaining time we now have earlier than the vacations are over and earlier than the brand new 12 months comes upon us all. This might be a shorter than regular episode and we’re doing that on function.
In truth, our closing last-minute This autumn technique will clarify why this episode is so brief however you’ll have to attend a couple of minutes for that tip. No spoilers right here. Okay, Stephen, November is sort of over and we’re about to start out the third month of This autumn. So, share with us the primary, last-minute This autumn technique to spice up earnings on Amazon.
[0:01:33.5] STEPHEN: Yeah, I can’t imagine November is sort of over. Okay, so the primary technique I wish to share with you as a last-minute This autumn tip is that this: Double down in your strengths. With This autumn sourcing, particularly once we’re getting into the again finish of This autumn, it’s so essential that with each second doable that we give attention to what we’re finest at in our enterprise. You understand, in case your power is retail arbitrage, double down on retail arbitrage.
If it’s on-line arbitrage, double down on on-line arbitrage. If it’s taking a look at toys and sourcing toys, double down on toys. In case your supply of – in case your power is grocery objects, double down on grocery. Don’t spend this beneficial This autumn sourcing time on facets of this enterprise that you simply’re not too assured in in relation to sourcing. Time is tremendous essential so double down in your strengths.
[0:02:22.5] REBECCA: That’s a great one, that’s what I’ve been doing myself. I’m having to recollect in order that’s a great reminder, give attention to what I’m robust in. Okay, our second last-minute This autumn sourcing technique is that this: Contemplate service provider fulfilling, additionally referred to as vendor fulfill, any stock that you simply’ve sourced that has a quick gross sales velocity. The important thing phrase there may be that quick gross sales velocity.
So, in case you didn’t know, Amazon FBA warehouses are inclined to have your objects checked in and going dwell on Amazon rather a lot slower throughout This autumn than the opposite 10 or 11 months of the 12 months however come this time in late November, the checking time with these warehouses can actually decelerate, typically double.
So, for objects which can be promoting tremendous rapidly, or presumably, they’re even bought out by way of FBA on Amazon, take into account service provider fulfilling these orders to get that fast-selling merchandise to your clients even sooner. As a notice, in case you’ve by no means bought by way of service provider fulfill earlier than, then don’t observe this tip. Now is just not the time.
Put aside a while sooner or later through the first few months of the brand new 12 months, to learn to service provider fulfill orders. We’ve stated earlier than that in This autumn, you don’t give attention to studying something new in your online business however give attention to sourcing essentially the most. So, until you’re assured in service provider fulfilling, simply wait to observe this last-minute This autumn technique till subsequent 12 months.
Simply bear in mind to learn to truly do service provider fulfilling earlier than This autumn of subsequent 12 months, if doable and if you would like some assistance on getting some how-to coaching for easy methods to service provider fulfill, go to fulltimefba.com/merchantfulfilled. We’ll additionally put that hyperlink in our present notes web page for this episode.
[0:03:56.7] STEPHEN: The third last-minute technique to make use of when closing down This autumn is that this: Keep in mind to fill up for Q1. I imply, after all, gross sales are going to decelerate on and after December twenty fifth however that doesn’t imply your sourcing schedule is over. No, we’ve stated this earlier than and we’ll say it once more, folks hold shopping for stuff on Amazon after Christmas.
I imply, a well-liked vacation reward is for folks is what? Amazon reward playing cards. So, it’s tremendous enjoyable to purchase on Amazon with a present card so individuals are going to spend their Amazon reward playing cards inside in regards to the first month or so of getting them. So, you need your objects to be stocked up in your retailer to ensure that folks will purchase your stuff in relation to these January consumers with reward playing cards, and within the toy world, you even have children who return to highschool in January and so they see what their pals received for Christmas.
They arrive house and so they inform their mother and father and a few of them whine to their mother and father. They really need what little Billy received for Christmas. Wait, little Billy, does anybody actually title their children Billy or Invoice and even William anymore? I don’t know. All proper, so again to this. In truth, in case you supply accurately in December, you’re going to have the ability to have your objects stocked up and promote rather well.
And if it’s the correct objects in January and February, and it’s been our expertise that January could be one in every of your greatest gross sales months of the 12 months if you’ll be able to fill up in December or earlier than. In truth, usually, our three greatest months, in relation to gross sales numbers on Amazon are November, December, and January.
[0:05:20.4] REBECCA: All proper, up to now we’ve advised you to make these last-minute pivots in your Amazon enterprise to benefit from the tip of This autumn. We’ve talked about doubling down in your strengths, to contemplate service provider fulfilling in December, and to fill up for January. So, our fourth and closing tip is, simply go supply for stock. Do it now.
Cease listening to this podcast and simply go supply, supply, supply. In This autumn, you wish to benefit from each second, so cease what you’re doing and go supply. If you happen to can’t supply for stock proper now, then at the very least, go and plan. Put it in your calendar when the subsequent time is that you simply’re going to give attention to sourcing. Your gross sales are going to thanks for it.
[0:06:01.7] STEPHEN: Yeah, what different podcast goes to inform you to cease listening to their podcast? However it’s on your profit, so go sourcing proper now or plan to supply as quickly as quickly as doable.
[0:06:12.6] REBECCA: Thanks a lot for becoming a member of us for this episode of The Full Time FBA Present. As at all times, we now have the present notes and the transcripts together with any hyperlinks that have been talked about on this episode on the present notes for this web page, fulltimefba.com/215 as a result of that is episode quantity 215.
[0:06:30.6] STEPHEN: And subsequent week on the present, we’re going to share our high Christmas presents for Amazon sellers. I imply, these are going to be some issues that, perhaps you’ll wish to go purchase for your self with a few of your This autumn earnings, or perhaps you wish to share this podcast with household or pals to provide them some concepts of stuff to get you for Christmas. As an Amazon vendor, we’ll share that subsequent week on The Full Time FBA Present.
[0:06:51.9] ANNOUNCER: That’s all for this episode of The Full-Time FBA Present, so head over to fulltimefba.com/podcast, the place you can see the present notes and hyperlinks from this episode. When you’re there, subscribe to our publication the place you’ll get a number of free downloads of our common and useful Amazon FBA sources. Now, take motion on what you have got discovered in the present day, so you could find success at turning part-time hours right into a full-time earnings with Amazon FBA.