SCOE 2014 in Seattle!
We’ll be in Seattle at the Sellers’ Conference for Online Entrepreneurs, August 14-16.
We’d love to meet with you face to face to talk about how your business is doing, let you know what we’re working on, and give you a first look at what we’re doing now.
Use the discount code SellerEngine to save $160 on your registration. See you in August! Don’t wait too long, that coupon expires on July 15th.
Hope to see you there!
Keep reading to learn more.
Expert Answers to Your Amazon Questions
Ioan |  Kate |  Curtis |  Paul |  Michael |
Are you confused about your Amazon reports? Do you have questions about repricing? Or growing your business? Or sourcing new inventory?
Well, at SCOE 2014, we’ll have something special for you!
Our SellerEngine Services and Help Team members are committed to helping you answer these questions and more, live and in person.
We’ll set aside 15 minutes just for you. Click here to get started.
Note: Looks like all of our one-on-one appointments are already booked. Leave a comment on this page if you’re interested and we’ll try to open up some more spots.
2 Responses
Just signed up, not live yet, but have a lot of questions. Would love help and could fly up for event if I can get one in one time to help grow businesses.
Alan
Hello,
I have 2 questions. First, I recently found some excellent deals online and ended up purchasing a large quantity of each. Prior to these purchases I had never bought in this bulk before in that I’ve never had the cash available that I do now. When I purchased the items the sales price on AZ was well above the 3x’s rule, but unfortunately by the time I received them and shipped them into FBA – the price took a nose dive. For example, one of the items I bought for $3.00 and it was selling for $19.99 on AZ. By the time I paid for shipping to the FBA facility my unit cost was $3.88. I bought 60 units. However, when I finally got them in my inventory the price dropped to $11.00. I listed mine at $12.25 because I did not want to get into a pricing war, but unfortunately when one person dropped their price numerous other people followed suit (most likely because of automatic repricers). The trend kept going until now the current lowest FBA price is $7.98. I have dropped my price to $10.50, but that’s really as low as I want to go, because even with that I’ll only be making a few cents per unit (What a buzz kill! Haha). Anyway the sales rank is good – last I checked it was in the 4,000’s in electronics. So my question is, what should I do? Do you think the price will ever recover?
My second question is when you are sourcing in retail stores are you guys finding stuff every time? I’ve went out sourcing (in the physical retail store) and have come home with nothing on numerous occasions. And its a little disappointing considering I usually go out for 4 to 5 hours at a time. I would even venture to say that I come home with nothing more times than not! The stores I go to are Wal-Mart, Target, TJ Max, Home Goods, Ollies, Kmart, Macy’s, Kholes, Home Depot, Lowes, Toys ‘R Us, Goodwill, Tuesday Mornings, etc. Also I stick very close to the 3 x’s rule, and at a minimum try to double my investment (I use the Profit Bandit), and generally don’t purchase anything higher than 150,000 in sales rank. Am I hitting the wrong stores? Are my standards too high?
I would very much appreciate the advice. I have been quite successful, in my opinion, thus far, but have definitely made a lot of mistakes and still have so much to learn. I’m eager to hear what you guys have to say! Thank you so much!