The Smartest Amazon Seller
Episode 245: Stocking Out is Good for Your Business
Feb 20, 2024
Learn the art of inventory management from early Amazon hits like Elf on the Shelf and Barbie dolls. Discover why stocking out can benefit your business and the fine line between stocking out and overstocking. Get expert tips on thriving in the evolving market and navigating upcoming 2024 FBA fees.
11:24
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Quick takeaways
- Stocking out can be beneficial for business by avoiding overstocking and adapting to market changes.
- Effective inventory management is crucial to prevent high storage fees and maximize profitability in light of upcoming FBA fee changes.
Deep dives
Maximizing Seasonal Opportunities and Inventory Strategy
Seasonal opportunities can significantly boost sales, like the success observed with Elf on a Shelf, selling a product per minute during peak seasons. However, caution is advised due to potential downsides of seasonal inventory and poor inventory management strategies. With impending changes in 2024 FBA fees, understanding the impact on stocking out versus overstocking becomes crucial, emphasizing the importance of adapting business strategies to evolving market conditions.
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