Here is a video with 7 Amazon hacks to grow your business and make more money with Amazon FBA. Have you ever thought what are the small things I could do or pay attention to so you can take your Amazon FBA business to the next level? Implement any of these Amazon hacks you think are necessary to scale your business and if you like the video then share this with your friends.
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If you're looking to start a business selling products on Amazon, then you'll need to know and understand the product listing criteria and how to rank on Amazon FBA. Yes, you can start making money selling on Amazon, regardless of your experience selling online.
Amazon is one of the best opportunities to make a passive income and earn money from anywhere in the world. Gone are the days of directly exchanging your time for money. That's the old model. The new model leverages the incredible opportunity that the internet affords us.
Whether you want to make money working from home, or just want a side hustle, understanding how much it costs to start selling on Amazon will give you the upward momentum you need to launch your Amazon private label business today!
The best part about selling on Amazon is that the retail giant does all the work for you. You'll never have to pick or pack or ship a product, ever. Gone are the days of dealing with fulfillment or customer service requests. Amazon does it all for you. All you do is collect the income.
But in order to get there, you need to get on the road to building your Amazon FBA business today. Tune into the video now to discover just how powerful of a passive income machine Amazon can be and how you can start making money from it no matter where you live in the world!
7 Amazon Hacks Every Amazon FBA Seller Should Know - Audio file
7 Amazon Hacks Every Amazon FBA Seller Should Know - Video transcript
Hey guys and welcome back to my channel. In this video I want to give you 7 Amazon hacks that will grow your Amazon FBA business and make you more money, so be sure to watch all the way through so you don't miss any of the important details as we do have a lot to cover.
Now, before I hop into this video, if you are new to this channel you're going to want to subscribe as I talk about the best ways to make a full time income with Amazon FBA and always get straight to the point.
So please consider subscribing and turning on your post notifications if you like channels that don’t waste your valuable time, with that said let's get right into this video.
Because Amazon is a saturated market, we as Amazon sellers should take the extra mile in order to stand out from the competition. Developing high-quality products is essential, but it takes more than that to gain traction, especially during launching. Fortunately, there are techniques you can use to attract even first-time customers.
So in this video, I am going to share with you seven advanced Amazon hacks to get your listings ranking higher to increase your revenue. So let’s get started.
The first trick is how to get the Amazon Best Seller badge with a category hack. Now, one of the most effective ways to increase sales is to set your listings apart visually. And one of the best ways to do that is to get the Amazon Best Seller badge.
Many consumers tend to trust products that have the orange Best Seller badge more compared to those that don’t. This badge will signal potential buyers to choose your products over the others, even if you price is slightly higher than your competitors. The Amazon Best Seller badge basically tells customers that your listing is the most purchased in a specific category.
Having the Best Seller badge makes your listing more attractive to customers. And yes, this badge is not easy to get, but there’s a neat little hack I discovered that will help you get it relatively easily.
This badge is awarded on a per-category basis, so changing your listings’ category will help with this. The trick is to use one that’s easy to rank for, in other words, one with the least amount of competition.
There’s a caveat to this however. You don’t want to rank for an irrelevant category because you will be reaching the wrong audience. Pick one that both suits your listing and has little competition.
When you switch to another category, you should wait for at least 15 minutes for the changes to take effect. Sometimes it takes a couple of hours. If it still doesn’t change the next day, you may then contact Amazon to have the category changed.
Hack number two is to get the Amazon’s Choice Badge. Now, there are a couple of things you need to take note of if you want to have this coveted badge for your listing.
The most important is that your product should be eligible for Amazon Prime. This is because one of the criteria in determining which products are worthy of the badge is fast shipping. Amazon makes sure that Amazon’s Choice listings would be readily available to buyers.
Just like the Best Seller badge, the Amazon’s Choice badge helps set your listings apart. Other criteria include the sales volume, ratings, and price. We can’t be sure how Amazon exactly determines the products they award the badge to, but over the years we’ve noticed that there are two things that make a big difference. Keeping your return rate low and having a high review rate.
The best way to ensure this is to have a high-quality product that customers would actually appreciate. This boils down to product design, the quality of material you use, and how to negotiate with your supplier to make sure you’re getting the best quality for the cheapest price
In addition, a lower return rate will signal the system that most of the people who bought your products were satisfied with them.
Hack number 3 is to save on Amazon FBA Fees and Amazon Referral Fees. Aside from the cost of manufacturing, marketing and shipping, sellers should take into account Amazon’s various fees when setting product prices.
Two of the most common are the FBA fees and referral fees. So what are these and how do you reduce them? FBA fees are paid by those who avail of Amazon FBA for storing inventory and fulfilling orders. FBA fees are quite tricky to determine especially if you’re not aware of how Amazon computes them. To solve this problem, you should use an FBA fees calculator and take note of the following.
First, there’s a difference between the actual weight and shipping weight of your products. Amazon recently updated their FBA fulfillment fees, and you can check them out to know how much you will be paying.
Second, Amazon automatically adds to the weight of your product during computation, depending on whether it’s standard sized or oversized.
For standard, they add 0.25 pounds, and 1 pound for oversized items. After that, they round up the weight to the nearest pound, so if you’re not careful, what you thought was a standard-sized item might be categorized as oversized, making you more for FBA fees.
A good rule of thumb here is to not use Amazon FBA for products that don’t earn you that much profit or are too bulky for their prices. Remember that Amazon charges you for the space your inventory occupies, not by its value.
Another hack you can use is to always make sure you’re checking your listings regularly to avoid falling victim to stranded inventory. Having stranded inventory is one of the most wasteful mistakes of a seller. You’re basically paying Amazon to store your products without a way for them to be sold on the platform.
It might also be a good idea to sell products in bundles. In this way, instead of paying for 100 units worth of FBA fees, you’ll be paying for fewer. A bundle is considered as one unit, so you’ll save a lot of money on fees when you do this.
Referral fees, on the other hand, are fees you pay Amazon for allowing you to market and sell your products on their platform. This varies depending on the category of your product. For example, electronics have low referral fees, as low as 8%, while the referral fee for jewelry is at 20%. So when picking a niche and products, it’s good to take this into consideration.
The fourth hack is to use Amazon Business Reports to your advantage. You see, what gets measured gets managed. If you want to stay on top of your game you should know what goes on with your listings. How are customers reacting to your marketing strategies? How well does each product do?
Fortunately, Amazon sellers don’t have to sweat much trying to get these important data because they’re readily available at Seller Central. As with any other business, data is important to plan your next move regarding your Amazon listings.
You can get valuable data from the Amazon Business Reports such as conversion rates, traffic, and buy box percentage. Conversion rate is the percentage of page visitors who end up purchasing your products. For this, 15% or higher is good while 10% below is subpar.
Traffic on the other hand, is a metric used to determine which products are discovered by customers more frequently. Knowing this will tell you which products to concentrate your marketing on and which products need to be improved.
Finally, the buy box percentage tells you how frequently your offer is featured when a buyer visits your listing. Basically, it’s the percentage of page views where the Buy Box appeared on your page, allowing customers to add the product to their cart.
The buy box percentage is lowered when you don’t have the product in stock or if you’re selling a used item, in which case it appears on the Other Buying Options page.
Hack number 5 is to use the Amazon Early Reviewer Program in every product launch; No seller will say anything bad about the goods he’s selling. This is why reviews are important because buyers tend to trust those who have experienced the product themselves and who give their honest feedback.
This is why when you’re launching a new product, it’s important to get as many good reviews as you can early on. This will help the listing gain traction, resulting in more sales in the future.
The Amazon Early Reviewer Program helps new products rank better through honest reviews from randomly selected customers. There are a lot of black hat tactics that will help you do this, but I won’t advocate for those. Instead, I suggest you take advantage of the Amazon Early Reviewer Program.
For a reasonable fee, you can get as many as five honest reviews from randomly selected reviewers. In return, Amazon rewards them with gift cards for their authentic reviews.
Customers can identify these reviews by the orange “Early Reviewer Rewards” label, but this hardly matters since sellers can’t influence the reviewers anyway. What’s great about this program is that it allows sellers to get authentic reviews for their listings that are Amazon-compliant.
Moving on to hack number 6 which is to add keywords in foreign languages to your listing’s backend. Amazon has a worldwide reach, so if you’re limiting your listings to English keywords, you wouldn’t be maximizing their potential.
Include keywords in another language to help buyers who speak that language find your products easier. The best ones are Japanese, German, and Spanish. The first two have some of the best numbers when it comes to ecommerce while Spanish has a large number of speakers.
When using this technique however, you have to make sure that your translations are correct and that they are really the ones used by most buyers who may be interested in what you’re selling. To do this, you can hire a professional Amazon translator who knows how to properly choose keywords that make sense for marketing efforts.
The last Amazon hack on my list is to remeasure items to save big on Amazon Fees; Because of the number of items they receive daily, Amazon employees sometimes make mistakes in labeling your products. This can lead to losses especially when they mislabel your products’ dimensions and weight.
Make sure that your products are labeled correctly so you don’t have to pay for higher fees than what you’re supposed to. The bigger and heavier your items are, the higher your fees. This is why it’s important to always stay on top of your inventory.
Regularly check your products’ weight and dimensions as recorded by Amazon and if there are any discrepancies, have them change it to the correct ones. You need to do this as soon as possible because there’s a limit as to how long you can wait before you forfeit those fees.
Now, before we wrap this up. As you can see, there are a lot of steps involved in building an Amazon business. And I wouldn't recommend piecing together everything by simply watching videos on YouTube. This is why I suggest investing your time in a great free training that can guide you through this process.
I recommend this training because this is the best training on the market and one that I have personally gone through. They walk you through every aspect of what it takes to start, grow and scale your Amazon business.
This training will build off of what I talk about inside my videos so I left a link for you in the description and if you're serious about selling on Amazon I encourage you to check it out!
Now, as ecommerce continues to grow more popular and as the platform becomes more saturated, we as Amazon sellers need to up our game to stay on top of the competition. I am sure these advanced tips will help improve your numbers in the long run. They certainly helped my listings significantly.
Thanks for watching and please make sure to watch the next videos with more Amazon FBA tips that will show up right about now.
