Profit first Amazon selling

Every other week, we share quick bites of Amazon seller news, tips, and other goodies. Here is a quick roundup of seller snacks to munch on:

Estimate Your Personal Income Goals

How much do you need to sell in order to hit your personal income goals as an Amazon seller?

I saw this spreadsheet from Bookskeep floating around, and it’s worth your eyeballs:

If you have yet to explore the world of Profit-First, the book by Mike Michalowicz is the best place to start.

There is also a version specific for e-commerce sellers.

Finally, the banking system that is built to accompany this profit-first model is Relay—and we’ve been using them for about a year now and LOVE them.

I’m Hanging with Nikki Kirk on Your Selling Podcast

A few months ago, Nikki Kirk and I explored our e-commerce journeys on her podcast, Your Selling Podcast.

I started with RA in 2013, morphed into OA in 2014, and have been passionate about crowdfunding and brand-building ever since.

You can catch the full episode here.

 

Our new Pluto-22 Online Arbitrage List is LIVE

We just released our newest OA lead list, Pluto-22, this past week.

We have two spots available. If you want one, email me directly at he***@*********st.com.

You can check out all of our available lists at fbaleadlist.com

 

2,000 Sellers Per Day Join Amazon

Marketplace Pulse recently reported that more than 2,000 sellers join the Amazon marketplace on a daily basis. Since 2018, 5 million sellers have joined, 40% in the USA.

What makes Amazon so attractive to entrepreneurs? These statistics may help:

  • New sellers on Amazon make an average of $30,000 in their first year.
  • 55% of sellers make over $60,000.
  • 68% of Marketplace sellers turn a profit within their first year of selling.

Seller opportunities continue to expand. Enjoy the waves.

 

The TikTok Ban

The US government has issued an ultimatum to ByteDance, the owner of TikTok, to either sell the Chinese stake in 270 days or face a ban in America.

First, the best place to get a breakdown of important news is Tim Dillon. Click the link.

Second, consider the following data points that highlight TikTok’s economic impact:

  • TikTok’s total GDP contribution amounted to $24.2B in the US.
  • The platform supports a total of 224,000 jobs from its use of SMBs as a platform to grow and expand business.
  • In 2023, TikTok generated $5.3B in tax revenue for the US government.
  • In 2023, TikTok’s US operations supported an additional $8.5B contribution to the US GDP, $2B in taxes, and 59,000 jobs across the US economy.

The ban will have a mega impact if it happens.

Of course, Amazon is ready to fill in the TikTok void with Amazon Anywhere, a similar commerce media platform being rolled out with Meta and Snap, and is reportedly already making waves.

 

OA News and Tips and Tricks

What You Can Learn from Amazon’s Top 5 Resellers: Chris Grant studied Amazon’s top 5 resellers and shares what he learned in this thread on X (formerly Twitter). Make sure you’re logged in to X to view this very informative post.

Regate-Gate: The last week of April was a bit rough on resellers as popular brands Adidas, Nike, Jordan, Hoka, Converse, and Disney were hard-gated not only to new sellers, but also to older sellers, some of whom had already been previously approved. We’ve been following the developments of this re-gating, and we’ve compiled some important updates you should be aware of. Make sure you’re logged in to X to view these threads:

In this thread, Chris Grant shares valuable advice and perspective on how to handle this latest curveball.

According to @flips4miles, Disney and Adidas have lifted perma-gate for both new and sellers who had been previously approved:

 

Important Amazon Seller Updates

Updated Requirements for Products with Button Cell or Coin Batteries – If you sell these products, you will now have to provide these two documents to ensure compliance:

  • Proof of compliance with Underwriters Laboratory 4200 (UL4200 A) from an ISO 17025-approved lab
  • General Certificate of Conformity that lists compliance with UL4200A

Expand to Brazil – Eligible North American sellers can now expand to Brazil and sell their products via seller-fulfilled orders or remote fulfillment with FBA.

New Personalized Recommendation Feature – the feature is now available on the Fulfillment Insights Dashboard, and provides delivery performance insights on your seller-fulfilled, non-Prime orders based on categories such as handling time and on-time delivery rate. Very helpful in improving delivery performance and optimizing shipping choices.

This Week in Seller School

Blog Posts

Podcasts

 

Other Quick Clicks

Thank you for reading. If you have any questions, comments or violent reactions, just hit “reply.”

Let’s make kajillions!

Heath, Jason, and the FBALeadList team

 

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