Learn more about marketingandsales with this collection
How to analyze churn data and make data-driven decisions
The importance of customer feedback
How to improve customer experience
From Amazon customer to Amazon seller
- A professional seller account costs $39.99 per month. An individual seller account charges $0.99/Sale.
- Download the Amazon Seller app, which is separate from the regular Amazon app.
- Use the Amazon Seller app to scan barcodes and identify sales rank and current prices of books on Amazon.
- You can take pictures of the books and Upload them through the App. Describe the condition and set the price.
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The good and bad of Fulfilled By Amazon
The fulfilled by Amazon program allows you to ship all your books to an Amazon fulfilment centre. It takes roughly 1–2 weeks for Amazon to receive the packages and make the inventory available for purchase on the site. If you are sending the package across the country, the price will be higher than shipping to a closer destination. If you are sending the package across the country, the price will be higher than shipping to a closer destination.
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Pricing is a race to the bottom
A high-volume, professional seller can afford to list a lower price because he fulfills his inventory instead of using Fba. By some miracle, I did sell this book for $8.99 and made a whopping $0.14. There is a monthly inventory storage fee, which is seasonal and has fluctuated between $1.17 and $0.41 per month. The monthly inventory storage fee is seasonal and fluctuates between $1.17 and $0.41 per month.
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My results
Brandon ’ s book sales totaled 25 books. If I sell every book at the current price, I will make a total of $25.38 less inventory storage fees assessed every month until the books are sold. For all the work and hassle with no guarantee of selling every book, a profit of around $30 is just not worth it.
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What I learned
- I am sure individual sellers are making money on Amazon, but they are doing it with high-margin products or high volume or a combination of both. The category of books is a tough road for individual sellers.
- I am happy to remain an Amazon customer, but I do not wish to pursue any additional selling at this time.
- I do not want to discourage anyone from becoming a seller on Amazon and creating a business for yourself. If you have a passion for this type of business and are willing to put in the time and effort, you can be successful.
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