π¦ Built $4M Amazon resale biz
πΈ Raised $13M from VCs β now starting from zero again
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So you'll be providing a better/faster service and getting great compensation levels all whilst saving money
I only found this out a few months ago when I stumbled across a Royal Mail invoice
Did you know if you're VAT registered that sending a Small Parcel by Royal Mail Tracked 48 is CHEAPER than 2nd Class?
Why? T48 is a VATable service whereas 2nd Class is not
T48 = Β£3.29 incl VAT = Β£2.74 ex VAT
2nd Class = Β£2.99 VAT exempt
Fighting listing issues, gatings etc cost money
Don't get me wrong, I'm not saying Amazon is dead and you need to jump to another shinny model. I still believe it is part of your machine but, not the whole thing. It's a distribution channel amongst a sea of many others
This week I'm in Cancun for the annual Titan private label intensive meetup with 200 other brand owners
It often feels like we, in the arbitrage space, are the ginger stepchildren
Using STK? I've come across an issue on a few accounts now
If Inventory doesn't show any Ageing info then there's an issue, reach out to support. Ageing based Automations will not work properly
Through analysing No Sales in 7 days we've found SKUs that have been Pending for quite some time!
I wonder if the buyer still wants it π€
STK doesn't have an alert for this yet but the Pending dashboard can help
Get STK here: https://t.co/TXRRssY4Cn
Make sure you have your LMB Zero Rated processes set up correctly. We recently found that not one but two accountants failed to do this correctly and now we're reclaiming Β£'000s in overpaid VAT
Either create the groups directly in LMB or, tell LMB to pull the info from SC
Every year Amazon fees increase, what are you going to do about it?
Hopefully you have a tool like SellerToolKit that picks them up and adjusts your prices accordingly but there's still the wider question of how we survive in this business model
Adapt or Die
EEEEEEK our inventory at AFW1 is GONE!?
LOVE getting these ominous emails from Amazon π«€
Severe weather damaged a fulfilment centre in Texas but luckily it looks like we only had a couple of units there
You can see yours in the new Inventory Ledger report
Don't spam links to your product, it'll just tank the conversion plus no one likes to be spammed
If you're going to do it, at least use an Amazon Affiliate link
Personally I think it's a little while off and the biggest threat is that the distributors are brought onto Amazon
They've done this same play before with Chinese manufacturers and set up a dedicated team to get them all integrated!
@GavinSweeneyy Watched your vid @GavinSweeneyy and the reason the FNSKU is the same is because those SKUs are using Manufacturer Barcodes for tracking. You can see this by the B0 at the start. Any B0 FNSKU is Manufacturer Barcode
@n00b_investor LOL you're right that would be nuts just sourcing for me!
I have multiple businesses, including a personalised deal sheet which Amazon sellers pay a monthly subscription for. My team source hundreds of deals per day.
If you're a UK or US Amazon seller & you're thinking of letting your VA go for whatever reason, please DM me.
I have over 40 VA's based in the Philippines working in my various businesses. I'm continuously hiring.
They get full training, uncapped wages & work in teams