With the spring sales behind us, we can look forward to a busy summer. But before you start budgeting for new items to list for Prime Day, make sure your Amazon barcodes are in order. Let’s shed some light on GTIN barcodes.
2018 is right around the corner and it’s time to start planning your conference year. And, with so many great options, it’s sometimes hard to know where to put your focus and your money. Don’t worry, we’re here to help out. The following blog post provides a summary of some of the most recommended conferences for Amazon sellers. And tips and tricks for making the most out of attending.
With Q4 almost upon us, forward thinking sellers are stocking up for the end-of-year rise in toy and game sales. Our experts have put together a list of the hottest Amazon bestsellers, as well as some cool, up-and-coming items. Read on for a breakdown of what’s on every kid’s wish list in 2017!
Here are Austin’s “outside the box” ideas of what you could do with Profit Bandit. Austin, our Profit Bandit product owner, was excited to get into this creative mind game.
Do you want to play this game with us?
Ioan, SellerEngine’s founder, is a huge fan of the $100 Start Up. So as part of the SellerEngine Spark, we included $100 in prize money with the goal of seeing how our winners spent it. Here’s how Sue’s done:
Sue has been keeping meticulous records of her purchases, expenses and sales for the past two weeks and recently shared them with us. Her record keeping is excellent and she really knows where every cent is going. And as Ioan has said to anyone who asks, knowing how much profit you’re actually making is essential to making money on Amazon. It sounds obvious, but many sellers don’t take the time to figure out their profit on every sale. Sue does and it shows in her record keeping and her success so far!
She took her $100 and invested it in a hot toy item that at the time had no other Amazon sellers. She found it by scanning with Profit Bandit at a discount shop near her home in Maine. After selling several of these, a second seller started listing the same items. She didn’t let herself get caught up in a price war and betting that the other seller had a limited quantity, she just waited. And it paid off. She sold her entire stock in just a few days.
Sue has also started using Sellery to reprice all of her items. She took a big step towards automating her business and it paid off! The repricing rules she put in place lowered her prices on a few items and she’s already seeing increased sales, at the cost of a little profit. Here’s what she had to say about it:
Way to go Sue!
To summarize, here’s what Sue’s been doing right:
And here’s my favorite highlight from Sue’s weekly update:
December 13th:
“Personal stuff. Ugh. Time waster but had to be done. Glad to work from home. :)”
Next time we’ll take a look at Sue and Kathy’s 2013 goals and strategies.
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This week, we returned to Grocery Outlet and came away with these compostable cleaning wipes. If you were at SCOE this year, you may have heard Lisa Suttora’s keynote about identifying and profiting from trends. And “green” items are certainly one of those trends.
We bought a few to use around the office because they were just so cheap!
Like our Facebook Page and leave a comment on this week’s Facebook Post to be entered into this week’s drawing for a free copy of Profit Bandit and to be eligible to win the $100 Amazon Gift Card that we’re giving away the end of the year.
To learn more about all of Profit Bandit’s features, check out our Profit Bandit user guides for Android and iPhone.
Check out the slides from a Profit Bandit webinar we did for OSI Rockstars!
This week we hit up Grocery Outlet here in Portland and while we didn’t find any vintage puzzles or crazy board games, we did find a few profitable household items that make up the bread-and-butter of many sellers’ inventories.
Today’s find is a rechargeable LED flashlight that doubles as a nightlight. It has a sales rank of around 20,000. I think this could be a great year-round seller. It’s got lots of great keywords: LED, flashlight, nightlight, rechargeable. It could also be an excellent part of a product bundle for a home emergency supply kit.
Like our Facebook Page and leave a comment on this week’s Facebook Post to be entered into this week’s drawing for a free copy of Profit Bandit and to be eligible to win the $100 Amazon Gift Card that we’re giving away the end of the year.
To learn more about all of Profit Bandit’s features, check out our Profit Bandit user guides for Android and iPhone.
The first thing that you’ll notice in the newest version of Profit Bandit (currently available only on Android, iPhone coming soon) is that some FBA offers are highlighted.
These are offers from Amazon themselves. We identify them using a method called MegaSeller that we developed for use in Sellery and SellerEngine Plus. And now it’s in Profit Bandit. But best of all, it doesn’t use any more data or take any more time.
Other updates in this version of Profit Bandit include:
Yesterday was a lovely day in Portland, so I led a field trip of SellerEngine employees armed with Profit Bandit down to our local Goodwill.
We started off scanning books and boy, did we not find anything at all. We thought we found a score when we came across a stack of shrink-wrapped photography books that were selling for nearly $75 in new condition. Unfortunately, on closer inspection, the books weren’t in great shape after all and had just been re-shrinkwrapped. At least we noticed before buying them.
Then we moved on to my favorite section, toys and games. A couple of resellers (although not carrying smart phones) barely beat me to a like-new copy of Star Wars Trivial Pursuit. They excitedly said that it had all its pieces!
Finally though, we found something worth buying! The California Raisins board game for only $1.00! In pretty good shape and with all its parts and instructions — this has profit written all over it.
While we were scanning, one of our phones was having trouble getting a reception in the store, so we used Profit Bandit’s batch scan mode to quickly scan a bunch of barcodes. Then we moved to a different part of the store or even ducked outside for a minute where we could get a signal and then quickly reviewed the profit for each scan that we had made.
How do you think I did this week? Like our Facebook Page and leave a comment on this week’s Facebook Post to be entered into this week’s drawing for a free copy of Profit Bandit and to be eligible to win the $100 Amazon Gift Card that we’re giving away the end of the year.
To learn more about Batch Scan Mode and other Profit Bandit Features, check out our Profit Bandit user guides for Android and iPhone.
