Amazon FBA Mistakes to Avoid / Wholesale Edition

Sometimes sellers don’t realize mistakes are being made until they have negatively impacted their businesses. That’s why we’re here to speak into your businesses to help you catch the mistakes BEFORE they take a huge bite out of your profits.

Our number one goal as teachers is to support each and every one of you as you grow your businesses on Amazon. Last week we shared, the first episode in our Amazon FBA Mistakes to avoid series. If you missed it, you can watch it HERE. In this series, we’re discussing the common mistakes we see sellers making in different sourcing models and what you can do to prevent them in your business.

There are common mistakes that many Amazon sellers make, and these can often be due to incorrect assumptions. You might think that it is too expensive to get started with wholesale bundles or maybe you are afraid or nervous about approaching wholesale vendors. You may also be fearful and worried about the questions that vendors may ask.

We reveal the myths, assumptions, and Amazon FBA mistakes to avoid in your wholesale bundling business. We share why you shouldn’t be fearful of getting a ‘no’ from wholesale vendors and share the secret to finding 100s of wholesalers. We answer the questions that you might have about whether or not you need to set up a legitimate business or website. We share many of the common mistakes that are centered around bundle pricing and explain why you shouldn’t forget to build relationships with wholesale reps.

“You always get a no if you don't ask.” - Amy Feierman & Kristin Ostrander 

This week on the Amazon Files:

• The myths and wrong assumptions about wholesale bundles.
• How to approach wholesale vendors for the first time.
• How to find 100s of wholesalers.
• Why you need to set up a legitimate business and get a resellers license.
• Do you need a website or an e-commerce site?
• Why you need wholesale even if the purchase price is the same as retail.
• How to change your perspective, do your research, and consider factors other than the price.
• Why you shouldn’t overlook building a relationship with your wholesale rep.
• How not to underprice your bundles.
• How to use Merchant Words and Jungle Scout. 

WATCH:

LISTEN:

Series Links:

Amazon FBA Mistakes to Avoid / Retail Arbitrage 

Amazon FBA Mistakes to Avoid / Bundle Edition

Show Links/Resources:

• Shopify
• Wix
• Squarespace

 Related Content:

• Dream Big Step Small by Kristin Ostrander
• Tradeshow Stalking
• Amazon FBA Wholesale Bundle System
• Merchant Words
• Jungle Scout

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Want to Learn More?

Buy Inventory Without Losing Money
Are you afraid of losing money when you purchase inventory? With our Smart Sourcing Guide, you can learn how to make the best buying decisions that reduce your risk and help you get the best ROI possible. Learn our step-by-step process for sourcing products the right way! Download your Smart Sourcing Guide at https://www.mommyIncome.com/smart

Jumpstart Your Amazon Business Today!
Are you ready to jumpstart your Amazon business but don’t know how? We can guide you step by step through easy-to-understand video instructions for your Amazon business must-haves. We’ve got everything you need in one place -- from setting up your Amazon account to shipping your items to Amazon fulfillment centers. Go to https://www.startFBAtoday.com to start your exciting Amazon journey.

Discover the Ease & Simplicity of the Wholesale Bundling System
Don’t know where to start in your wholesale bundling Amazon business? We teach a lot of different strategies for searching wholesale bundles and creating your own unique bundles. Learn the A to Z of Amazon wholesale bundling through Mommy Income’s Wholesale Bundle System. Visit https://www.mommyIncome.com/system for more information.

Got Questions?
Shoot your questions on our Facebook Group! We’ll be happy to answer your questions, listen to your vents, and encourage you to carry on in the right direction. Join our community where you can interact with sellers of all levels -- from people who are starting their Amazon journey to those who have been full-time sellers for years. Go to https://www.mommyIncome.com/joinus with the code word from this show to start interacting with our community.

Grow Your Amazon Business!
Thanks for tuning in to this week’s episode of The Amazon Files, the show to help Amazon sellers along their business journey one step at a time with your hosts and Amazon experts, Amy Feierman and Kristin Ostrander. Don’t forget to share your favorite episodes with your friends on social media!