Do THIS If You Sell Books on Amazon FBA

 

If you’re looking to succeed in the world of Amazon FBA, one of the most important things to understand is the type of stock you’re selling. With the new Amazon FBA rules, turnover is essential, and it’s crucial to not hold onto your product for too long.

 

I know it can be tempting to get attached to selling your books at a specific price or to hold onto inventory in the hopes of making a higher profit, and I have seen people who were content to wait months for a high-value book to sell, but the truth is that in the world of Amazon FBA, selling and buying as quickly as possible is key to success.

How much money can I make on Amazon?

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Why is turnover so important?

Well, first of all, Amazon rewards sellers who have high turnover rates. The more quickly you sell your books, the more privileges Amazon grants you, like more storage space (and hence, room for more fast-turning inventory. 

 

In addition, holding onto inventory for too long can be risky. If a book sits in your inventory for too long it can incur long term storage fees, and it can become outdated or irrelevant, and its value may decrease over time. This means that you could end up losing money if you hold onto it for too long.

 

So, what can you do to ensure that you’re selling and buying as quickly as possible?

 

 First of all, it’s important to have a clear understanding of the market for the books you’re selling. Do some research to see how quickly similar books are selling, and at what prices. This will give you a better idea of what to expect and help you price your books competitively.

Next, make sure you’re keeping up with trends and current events. If there’s a sudden surge in interest for a particular genre or topic, keep your eyes peeled when sourcing– biographies always experience a bump in sales when the celebrity in question gets in the news.

 

Another key strategy is to use tools like Keepa to track the turnover rate of your inventory. This will give you a better idea of which books are selling quickly and which ones may be sitting in your inventory for too long.

 

Finally, don’t be afraid to adjust your prices or liquidate inventory that isn’t selling as quickly as you’d like. While it can be tempting to hold onto inventory in the hopes of making a higher profit, it’s important to remember that in the world of Amazon FBA, turnover is key.

 

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