10 TIPS How to Improve Your Sales During The Coronavirus Crisis!
[whohit]10 TIPS How to Improve Your Sales During The Coronavirus Crisis![/whohit]As the world is struggling with the coronavirus crisis and people’s lives and businesses are affected by strict measures enforced by their governments or marketplaces, many e-commerce sellers are finding themselves in a difficult situation – some failing to make money or grow their sales.
In this article, I would like to present you my 10 tips how to increase your sales.
1. Find high demand products but sell them at reasonable prices
Many people saw a chance to make great profit once the first coronavirus cases were being announced across the western world and decided to stock tens of thousands of units of essential items to resell them later, when they become unavailable elsewhere.
This would be a good idea if the online marketplaces did not react by enforcing strict policies aiming to prevent this type of behavior.
Selling essential, high demand products such as grocery, toilet rolls, face masks or hand sanitizers is a great idea but make sure to price them reasonably. Not only you will attract lots of customers but you will ensure that your account remains active.
2. Focus on items that used to be sold in brick and mortar stores and are now closed
Now, once all the brick and mortar stores are closed and no one knows when will they reopen, it’s the time for you to build business partnerships and explore new products.
Contact local retailers without an online or Amazon presence to see if they would be interested in cooperating with you and making their inventory available for sale with your help.
3. Watch your competition and adjust accordingly
Many sellers are now for various reasons unable to continue offering their products for sale on Amazon and that’s why you will often find popular listings abandoned with no competing offer in sight.
When there used to be a dozen of sellers selling the same item, you are now often left alone on listings. Take advantage of the situation and ensure to get as many sales as possible by setting a price which works for you. In addition, don’t forget to set Automated Pricing so the price gets adjusted in case that other merchants join the listing later.
4. Ship internationally
If you haven’t thought about offering international postage yet, think about it again. Brick and mortar stores around the world are closed with many popular items being unavailable.
There are millions of potential customers having nowhere to order them from, due to various restrictions imposed on retailers in their own country. Take your chance and offer postage worldwide!
5. Expand to global Amazon marketplaces
Have you only focused on your local Amazon marketplace so far? Why don’t you expand to advertise your products within all available international sites?
UK, Germany, Spain, Italy, France, Netherlands, Usa, Canada, Mexico, Brazil, UAE, Japan, India, Turkey or Singapore are all waiting for you and it’s not that difficult. You will be able to reach millions of new customers and expand your business.
6. Set up stores on different online trading platforms
Don’t limit your business and presence to Amazon. There are lots of other marketplaces where you can offer your products for sale as well and earn some additional profit.
Think about eBay, Walmart, Etsy, Bonanza, Ecrater or Rakuten but you can find some additional platforms in your own country, such as Gumtree in the UK, Aukro in Czechia or Fishpond in Australia.
7. Try different business models
Don’t focus on just one business model. If you are doing retail arbitrage, consider trying to set up a private label. Don’t just resell generic unbranded products but design something yourself. Have a Chinese factory manufacture the product for you, under your own trademarked brand and be the only seller of it without competition.
The other options include B2B wholesale or dropshipping, which is a good business model as long as you have a trusted and responsible supplier.
8. Invest into creative advertising
Paying for Amazon PPC can be a good way how to attract more customers but have you thought of a different way how to advertise and build a large customer base? Focus on social media.
Set up a Facebook, LinkedIn, Instagram, Twitter or a YouTube channel to promote your products and business. Reach out to your customers on a daily basis, provide quick and friendly customer service and don’t be afraid to try new things, such as having online influencers involved.
9. Help others during the global pandemic
While focusing on increasing your sales is very important, don’t forget that there are lots of unfortunate people that need your help. If you have the option, donate some portion of your inventory or sales to local organizations that provide for people in need.
If you are selling face masks or hand sanitizers, why don’t you offer some to hospitals in your area. You will have a good feeling that you helped and contributed with your part to fight the pandemic and this action may help you as customers will be more likely to support a business that thinks of others.
10. Get involved in the seller community!
Maybe you have never thought of it but actively participating in the seller community can help you boost your sales.
Contribute by posting into our Seller Forums, join our famous Facebook group Amazon Seller Performance – Friendly Advice – Worldwide and learn more about the lives and experiences of other merchants. You can find friends who will offer you some guidance how to improve your own business while your tips may help someone else.
As third party sellers gear up for the approaching holiday season, Amazon has recently announced a crucial update that warrants the attention of all sellers utilizing its fulfillment centers. This announcement concerns the management of aging inventory and aims to optimize space within the centers to accommodate the surge in demand during the holiday period. In this article I will be addressing this change and explaining how it impacts your business.
Commencing September 15, 2023, Amazon is implementing a new policy pertaining to aging inventory. The core aspect of this policy involves the potential removal of aging inventory from Amazon’s fulfillment centers, unless sellers choose to opt out of this process.
In this context, aging inventory refers to units that have been stored within an Amazon fulfillment center for a duration exceeding 365 days. To mitigate the accumulation of aging stock and to make room for new incoming products, Amazon has decided to introduce an automated process for the removal of such inventory.
While the notion of automated inventory removal might raise questions, it’s imperative to acknowledge the potential advantages this policy could bring to your business:
- Aged Inventory Surcharge Reduction: Sellers are subject to charges for housing aging inventory for prolonged periods. Allowing for automated removal could potentially save sellers from incurring these surcharges, thereby leading to cost efficiency.
- Enhanced Inventory Performance Index (IPI) Score: By actively participating in the automated removal process for aging inventory, sellers have the opportunity to enhance their IPI score. This metric reflects the efficiency of your inventory management and can influence factors such as search result placement and overall visibility.
Under the new policy, you will have the following choices:
- Returning Aging Inventory: Should you wish to retain your aging inventory, the process entails providing a valid return address through the Automated Fulfillable Inventory settings. This way, Amazon will return your aging units to you, preventing their removal from the fulfillment centers.
- Recycling, Donation, or Removal: Failing to provide a valid return address prompts Amazon to take further steps, which might involve recycling, donating, or outright removal of the aging inventory to optimize storage space.
- Opting Out of Automated Removal: If you prefer to maintain full control over your inventory and prevent automated removal, the “Disabled” option within the settings allows you to opt out of this process.
It’s paramount to note that once automated removals are initiated, they cannot be reversed. This underscores the significance of making a well-informed decision in accordance with your business strategy.
For sellers currently possessing aging inventory and yet to modify their removal settings, Amazon will notify you through email and Seller Central regarding impending automatic removals. Staying vigilant and proactive will be key during this transitional period.
For adjusting your settings and making informed decisions, navigate to “Automated Fulfillable Inventory settings.” To monitor aging inventory status and overall health, access “Manage Inventory Health.”
I hope you found this article helpful. If you are experiencing issues with your Amazon Seller Account and your Seller Account already received a warning or is under a review, I can help you resolve the matter.
If you would like to hire me to privately assist you, feel free to subscribe and reach out through my dedicated assistance page at www.onlyfans.com/kikaangelic, where I provide support with Amazon related matters in exchange for a small $24.99 fee. Alternatively, you can post into my free public discussion forum for Amazon Sellers, where I will answer your question.
To stay in touch, feel free to join and post into my large Amazon Seller Performance – Friendly Advice – Worldwide Facebook group, where you will be very welcome.
Many Amazon sellers recently started trading stocks and crypto currencies, hoping to diversify their income, which is a very good idea with all the uncertainty which comes with the platform. For this reason, we launched a new Facebook group, Crypto Arbitrage Income (Bitcoin, Crypto, Altcoins, Blockchain, Trading) – feel free to join us and forget about the troubles of selling on Amazon for a moment!
Additionally, here you can watch my YouTube video, where I am addressing everything you need to know about Seller Identity Verification and how to pass it:
Starting from August 23, 2023, Amazon is making a change that’s going to merge the Responsible Person dashboard with the Manage Your Compliance dashboard. I’m here to break it down and explain what this means for third party sellers.
During migration, your list of ASINs from the Responsible Person dashboard will be automatically added to the Manage Your Compliance dashboard, along with their compliance status: Completed, No longer requested, or Not submitted.
The Responsible Person dashboard will then be closed down, and any new Responsible Person submissions must be made on the Manage Your Compliance dashboard.
It is recommend that for all your ASINs that appear as “past due” on the Responsible Person dashboard, you add your Responsible Person information as soon as possible prior to the migration on 23. August.
Doing so will help to ensure the information is validated before the transition and automatically transferred to the Manage Your Compliance dashboard. You can also choose to do this for ASINs that appear with a due date of September 30, 2024, to ensure that you are compliant in advance.
As part of the migration, the Amazon Responsible Person service has been paused for new subscribers.
I hope you found this article helpful. If you are experiencing issues with your Amazon Seller Account and your Seller Account already received a warning or is under a review, I can help you resolve the matter.
If you would like to hire me to privately assist you, feel free to subscribe and reach out through my dedicated assistance page at www.onlyfans.com/kikaangelic, where I provide support with Amazon related matters in exchange for a small $24.99 fee. Alternatively, you can post into my free public discussion forum for Amazon Sellers, where I will answer your question.
To stay in touch, feel free to join and post into my large Amazon Seller Performance – Friendly Advice – Worldwide Facebook group, where you will be very welcome.
Many Amazon sellers recently started trading stocks and crypto currencies, hoping to diversify their income, which is a very good idea with all the uncertainty which comes with the platform. For this reason, we launched a new Facebook group, Crypto Arbitrage Income (Bitcoin, Crypto, Altcoins, Blockchain, Trading) – feel free to join us and forget about the troubles of selling on Amazon for a moment!
Additionally, here you can watch my YouTube video, where I am addressing everything you need to know about Seller Identity Verification and how to pass it:
If you’re an Amazon seller on Amazon.de, you might have recently come across an important announcement that could impact your listings. As of 1 July 2023, Amazon.de has deactivated all listings that are non-compliant with Extended Producer Responsibility (EPR) requirements for waste from electrical and electronic equipment (WEEE). But don’t worry – we’re here to provide you with all the information you need to navigate these changes and reinstate your listings.
Extended Producer Responsibility (EPR) is a crucial aspect of waste management, designed to shift the responsibility of managing waste from electrical and electronic equipment back to the producers. If you’re a producer selling on Amazon.de, there are specific steps you need to take to ensure compliance:
- Registration and Collection System: If you’re a producer with a branch in Germany, you must register with stiftung ear for each brand and type of equipment combination you’re selling. Additionally, setting up a collection system for your WEEE is mandatory.
- Authorized Representative: For producers without a branch in Germany, appointing an authorized representative from stiftung ear’s list of admitted representatives is necessary.
- Compliance Solutions: Amazon offers solutions for producers to achieve compliance. You can choose from EPR Services on Amazon or the EPR Service provider network.
- Supplier Information: If you’re not a producer, you need to request WEEE-Reg.-Nrs. (WEEE registration numbers) from your upstream supplier for each brand and type of equipment combination you’re selling.
To reactivate your listings and prove your compliance with EPR requirements, follow these steps:
- Register Brands and WEEE-Reg.-Nrs.: Register your brands and submit your WEEE-Reg.-Nrs. for each brand and equipment combination on the Seller Central Compliance Portal. Ensure you do this only after the registration numbers are visible on the Stiftung ear portal.
- Non-Producer Declaration: If you’re not a producer, indicate this by checking the appropriate box when submitting the relevant WEEE-Reg.-Nrs. on the Compliance Portal.
Once you’ve completed the necessary compliance steps, you should be able to reactivate your electrical and electronic equipment (EEE) listings on Amazon.de. It’s important to make sure all your brand and type of equipment combinations are covered and registered.
If proving compliance poses challenges for your products, leading to listing deactivation, follow these steps:
- Contact Support: If you believe your products are exempt from these regulations, get in touch with Selling Partner Support.
- Further Information: For comprehensive information, refer to the EPR requirements: WEEE in Germany help page, the guide and video provided by Amazon, and Stiftung ear’s informative videos available in both German and English.
As an Amazon seller on Amazon.de, understanding and adhering to EPR requirements for waste from electrical and electronic equipment is paramount. Compliance not only ensures your listings remain active but also contributes to responsible waste management. By following the outlined steps and utilizing the provided resources, you’ll be well-equipped to navigate these changes and continue your successful journey as an Amazon seller.
I hope you found this article helpful. If you are experiencing issues with your Amazon Seller Account and your Seller Account already received a warning or is under a review, I can help you resolve the matter.
If you would like to hire me to privately assist you, feel free to subscribe and reach out through my dedicated assistance page at www.onlyfans.com/kikaangelic, where I provide support with Amazon related matters in exchange for a small $24.99 fee. Alternatively, you can post into my free public discussion forum for Amazon Sellers, where I will answer your question.
To stay in touch, feel free to join and post into my large Amazon Seller Performance – Friendly Advice – Worldwide Facebook group, where you will be very welcome.
Many Amazon sellers recently started trading stocks and crypto currencies, hoping to diversify their income, which is a very good idea with all the uncertainty which comes with the platform. For this reason, we launched a new Facebook group, Crypto Arbitrage Income (Bitcoin, Crypto, Altcoins, Blockchain, Trading) – feel free to join us and forget about the troubles of selling on Amazon for a moment!
Additionally, here you can watch my YouTube video, where I am addressing everything you need to know about Seller Identity Verification and how to pass it:
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