It’s the start of June and I can’t believe almost half of 2019 has already gone by!
So today I’d like share with you three things that will help you with your Amazon business as we enter summer 2019.
First things first – REVIEWS
Recently I was interviewed by my good friend Chris Rawlings on his podcast Seller Jams. In our hour long podcast I shared my top 10 strategies to quickly get more reviews on Amazon without getting your account suspended.
We also dive into a REAL CASE STUDY on one of my Amazon PL products which is selling SIX FIGURES annually but is experiencing a slowdown.
In the case study I then turn the tables and interview Chris how he would turnaround slumping sales on this Amazon PL product. Though we are not revealing the actual product, we are revealing real strategies that work right now in 2019 that you can takeaway and implement in your own PL business.
Check it out here.
Secondly – Trade war with no end in sight
I always say that as Private Label Sellers and small business owners, we can learn alot by observing what the big players are doing.
Well recently Walmart and Costco have publicly announced that they are raising prices due to the trade tariffs.
Costco’s CFO was quoted as saying “At the end of the day, prices will go up on things.”
While a 10% increase could be absorbed by some businesses, a 25% increase is virtually impossible to absorb without raising prices on your end consumers.
So in reality, it looks like the US Consumers are going to be left with the bill and they are starting to pay the price already.
What will you do with your Amazon business pricing?
Thirdly – Some good news if you’re selling in international marketplaces
Amazon announced last week that they are offering a flat rate price of $39.99/month if you sell in their different international marketplaces. This means if you’re selling in the US, EU, or Japan for you can save up to $89 per month!
Amazon is offering discounts for sellers who link their Amazon.com, EU, Japan, and – save up to $90/mo
You can read more about it here (seller central login required) https://sellercentral.amazon.com/gp/help/G201841950.
Gary
PS: If you listened to my podcast – comment below and let me know what’s the #1 takeaway you got from it? These things motivate me to keep writing more for you guys. Thanks!
