My Amazon Guy Live Q&A with Steven Pope - is Amazon FBA Done For? | Summary and Q&A

TL;DR

Selling on Amazon is still worth it, but success depends on sourcing and logistics skills. Lowering prices and increasing PPC spend are effective methods for gaining market share.

Key Insights

• 👋 Lowering prices is a good strategy to gain market share on Amazon.
• 🪛 Increasing advertising spend and optimizing keywords can also drive sales and improve rankings.
• ™️ Protecting your brand from hijackers involves using brand registry, trademark registration, and proactive monitoring.
• 🛩️ Amazon's required LOA for selling wholesale products can be navigated by starting small and following their process.

Transcript

yeah n oh yeah start writing your questions now I'll be answering questions in 7 minutes from now I'll be joining the podcast live yeah 4 minutes until I start answering questions live on the podcast here happy Friday come to my Amazon gu podcasts every noon Eastern Standard Time on Fridays next week new host Noah Wickham will be taking over the sh... Read More

Questions & Answers

Q: Is it still worth selling on Amazon FBA in 2024?

It depends on your sourcing and logistics skills. If you know how to source products and handle logistics efficiently, it can still be profitable.

Q: What can be done to protect against hijackers on Amazon?

Utilize brand registry, reach out to Seller Support, and consider trademark registration to protect your brand from hijackers.

Q: How can I increase sales rank for my product effectively?

Focus on sales and optimize your SEO and keywords to increase relevance. Sales and relevancy are key factors for improving sales rank on Amazon.

Q: How can I navigate Amazon's required letter of authorization (LOA) for selling wholesale overstock products?

Start small, get LOA from suppliers, and work through Amazon's process for brand registry. Reach out to Seller Support if you face any issues.

Summary & Key Takeaways

• The host of the Amazon Guys podcast discusses the challenges of selling on Amazon, including increased fees and the potential for brand registry issues.

• The host highlights the importance of knowing how to source products and handle logistics to be successful on Amazon.

• He shares his experience with wholesale arbitrage and the potential for success if done right.

• The host introduces his co-host, Noah Wickham, who will be joining the podcast and answering audience questions.