Silent Sales Machine Radio #889: 7 Core Competencies of an Amazon seller part 6 - REPLENISHING
In this episode, Coach Brian and Robin Joy dive deep into the essentials of Replenishing Competency for your Amazon business. They break down the fundamental strategy: if you sold one, replenish one.
You'll learn how to test and set the right prices, the importance of finding high-velocity ASINs, and how to maximize profits by strategically pricing above the buy box. We also discuss key tips on managing your replenishment budget, the balance between testing new ASINs and restocking proven winners, and how to leverage the law of averages and economies of scale for sustained growth.
Plus, they cover the critical competencies every seller must master, including identifying sales patterns, knowing where to restock items, and ensuring your inventory meets all necessary criteria.
Our special guest and legal advisor at the conclusion of today's show, Jeff Schick of JeffSchick.com discusses returns and reimbursements. Did you know most likely Amazon owes you money as a seller?
Watch this episode on our YouTube channel here: https://youtu.be/S7J9KFyM02U
Show note LINKS:
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ProvenAmazonCourse.com - The comprehensive course that contains ALL our Amazon training modules, recorded events and a steady stream of latest cutting edge training including of course the most popular starting point, the REPLENS selling model. The PAC is updated free for life!
JimCockrumCoaching.com - Get a free session with a business consultant on our team at 1-800-994-1792 / 1-801-693-1688 or TEXT US at 385-284-7701 (US & Canada only for Text) ALL of our coaches are running very successful businesses of their own based on the models we teach here!