Tips From The Brain Of An Amazon FBA Seller

I would say being an Amazon FBA Seller is anything but, basic.  The perks of owning your own business also, comes with lots of headaches as well as, investing a fair share of your money. This is not said to discourage you but, you may be putting in forty hour weeks plus and, getting pennies if anything. Most sellers have a full time job while they are building up their Amazon business. Not having a full time job while building my Amazon business was a huge mistake on my part. Unless you have $50,000 you can invest right away and, not be hurt financially by investing this money you have some serious things to consider. If you are living on your own I strongly recommend staying at your job and, keep Amazon as a side hustle. Unfortunately, we all need money to survive and, this becomes a problem when you are starting a business that you will not make profit off of quickly. This is said for most businesses, it takes five years to actually see a profit. I am on my third year and, oh boy, is that accurate. I need many side hustles like Freelancing to make money and, most of my money gets invested back in Amazon. Frustration does not even describe how you feel when you watch all your money go back into your business and, you are silently crying on the inside. On one hand you know you are feeding your business to help you in the future and, on the other hand it’s like where did all my money go. You will 100% question yourself and, don’t expect friends and, family to be supportive at first they will think you’re literally sitting around doing nothing all day. Especially, as an FBA seller when you ship out your boxes to Amazon they won’t see your hustle all the time and, you’re working mainly from home so, defiantly keep that in mind. The mental questioning really gets to you at some points but, that’s when you realize you are building a business and, it’s not easy. If building a business was easy everyone would be doing it instead, of working for other people. You will need mental clarity so, I suggest going to the gym, local coffee shop, moving outside to work on your porch , lots of music, watching a show while working and, walks. I try to get out of the house daily because you will go stir crazy.. The re-seller community is amazing on instagram and, they are a constant score of encouragement and, tips. The amount of gold they drop everyday on instagram is amazing!

Okay, onto the actual Amazon business. You need to get approved to sell on Amazon and, you will automatically be approved to sell books but, you must look up categories in the help and, ask for approval. They are cracking down on Amazon sometimes you have to pay to be approved for a certain category and, you most likely will not be able to sell brands like Nike which,  you would have to have gotten grandfathered into. Yes, this is a pain in the ass and, can really mess with you especially if you have clothing or, shoes you are trying to sell of a really popular name brand. Clothes & Shoes must be new if, you want to sell use clothing head over to ebay or, Poshmark because Amazon would probably kick you off and, you’d need to wait six months to get back on. Amazon will not hesitate to ban you if, you try to sell a restricted item etc. so, you need to make sure you are unrestricted before you even try to sell in a category other than books. Oh, and you are restricted from selling collectible books you have to get unrestricted in this category or, you books will be sitting collecting dust. You have to get unrestricted in DVDs, VHS, etc.. yup, they restrict you in basically everything. And, for most of these items you must have wholesale invoice they don’t except store receipts so yea, you may be restricted for awhile until you have a solid wholesaler that you purchase from.  Being an FBA seller is challenging but, can be worth it especially with ROI for books!

Things I forgot to consider when pricing my items are the fees that I will be taking on when selling this specific item. You have the fee for Amazon about $49.95/mo. Scanpower $69.95/mo. if you use it regularly every month I have been having to pay $0 which, means I need to get more books haha ( Insert monkey with hands over the eyes), $228 for AsellerTool/6months, the shipping fee for the items and, the percentage Amazon takes plus, the cost of the item. Yeah, it is a bit much and, can be a bit frustrating to have all these fees you are paying for. You also, need the scanners to actually figure how much the cost of the item is; see this link for a detailed explanation

( http://thatsabang.com/?p=511    ). This is why it has taken me three years to kind of catch up with my business because in equipment I’ve spent over $1,044 in equipment. To some people that is not a lot of money to me that took awhile to pay off plus, ink, paper, printer ( I recently got a new one a laser printer) and, the labels for the dymo label printer ( thank goodness this does not need ink!). Now take the fees that you pay for the year $599.4 (Amazon), $839.40 ( ScanPower), ASellertool ( $456) = $1,894.8 a year in just fees. This does not include the whammy of the storage fee that you get hit with if you items are over 365 days old I think this happens twice a year. You really have to keep up with this because you could spend even more money keeping your inventory at Amazon instead of sending it back to you. Unfortunately, this hit me kind of hard this year and, everytime UPS came with boxes and, boxes of books my heart sank and, I had mini panic attacks ( I still live with my parents for the time being and, they were not pleased to have the boxes in their house but, I don’t think they realized how displeased I was to have to pay to ship books/items sent back to me haha). This is why I emphasize knowing what categories you can sell in because sometimes they just hit you with sorry, you are now restricted in that category, ( learn from my mistakes!).  I will also, go into how important rank is in a minute so, hold on. You need to keep all these fees in mind when you’re pricing your item but, you also have to keep your pricing competitive.

Some FBA Sellers will make you very, very angry because the book could be worth $40 and, they’ll have it for $10. This happens so much it’s incredible how annoying some of the sellers are and, I don’t understand because they are barely making any money if any. Price wisely as, you don’t want to piss off other sellers but, you also, don’t want to price too high. Here is what I would normally do for very good or, good the new price would get slashed in half and, that’s how much I would price it at. If it’s ex-library or, acceptable condition I divide the price by 3. I will give you an example below because it sounds more complicated than it is.

Okay, so here is an example of a book that I have and, this is where you wil get 100% frustrated. This ranking is extremely good at over 800,000. That means for every 800,00 books purchased this book sells. The lower the rank the better! Now, you see that new the price is around $74 and, normally I would price my book used good or used very good at about $35. But, instead we have sellers who don’t understand the value of the book and, they priced it in the $9-$11 range. I don’t know who they think they are helping but, it’s not themselves… Right now, to make any money off of a book the lowest you can have it at is $10 becuase the fees went up as they do every year. Here is a prime example of how you should not price your books as a FBA Seller. FBA Seller’s are paying a fee for a reason; there are storage fees but, it’s also, to have Amazon Prime ( Two Day free shipping), available to your sellers. You can also, look at camel,camel,camel to see how often the item or book sells and, the range of prices they sell for. Okay, now into rank.. Oh my, rank can be a big problem because you want the lowest rank possible for a quick turnover. But, on the other hand you can luck out and, get a high ranking book that sells in a couple of months.. Ranking gives me a headache because I do gamble sometimes for books that I will make a large profit on and, the ranking is very high. In my experience it is not worth it look for low ranks because you want the fastest turn over as possible especially, when you are just starting out. Do not ignore the rank! Yes, when you are at a book sale you have to be able to look at the rank and, calculation of how much you will make off of the book in a matter of seconds. Most sellers know what their criteria is and, have their scanners set to beep if the book meets these standards. I personally don’t do this because I may miss a book that I can make a quick buck off of. It’s really up to the seller as, it is their preference.

I hope this helps you kind of get an idea what is like to be an FBA Seller and, I will be posting more so, stay tuned for those posts.

Have an enlightening and adventurous day,

allie

 

 

 

 

Resources That Are Awesome

Here are my favorite gems for traveling, saving money and, so much more!

Airbnb: This is my favorite way to travel. While in Italy we saved so much money using Airbnb and stayed in an amzing apartment. Airbnb is much cheaper than a hotel and, you can filter what you need for your trip. You can get an entire house or, a room in a house. It’s customized to your needs.

How Most Bloggers Go From Making $0 To Making Some Cash As A Blog : Blogging can be a very challenging experience and, I have been working very hard to understand what I need to go from $0 to $50,000 plus a year. I’ve learned a lot has to do with affilate links and, marketing. It can get a bit confusing all you can do is research and, continue to learn.

Ibotta: Clip coupons no more! This app has all the coupons you want minus the many hours of coupon clipping. I even saw 1% off ebay! Ibotta helps you save money on groceries, mobile shopping, travel and, so much more! You also get $10 just for signing up through my account. 

Ebates: Get the best deals on Ebates while collecting money! Invite friends and, get $5 bonus for each friend that signs up. Who doesn’t love building up cash to shop!

Swagbucks: Earn Swagbuck for shopping or, taking surveys. Get rewards for shopping. 

 

 

 

Zero Waste Items Tested

Hello Loves,

So, it has been a couple of months since I have ordered a few zero waste products and, I am loving them! I wanted to really test them out to see how much use I get out of all of them and, I use everything everyday. I use a bag that is supposed to be for wet bathing suits to toss all the towels in. I fill the bag and, I wash them all about one to two times a week depending upon how much I am actually home. I have been looking for washcloths, facial rounds, napkins and, flannel cloth wipes. The napkins, I use like paper towels or, to clean my hands/face. The washcloths I usually use for the shower or, to put on oil. The flannel cloths I use to clean my face. They have all been extremely useful and, I had no idea I would use them everyday. The flannel cloth wipes are suppose to replace toilet paper but, I’ve been on the fence about that. I may use them as like wipes or, something like that but, I’m gun shy when it comes to using them as toilet paper. Facial rounds are used to remove makeup for the most part or, I have used them to take off my nail polish.

All in all, I am finding that I use less disposable products and, I am using natural things such as, coconut oil to clean my face. Now, I don’t need makeup wipes or, paper towels for the bathroom. I also, use some of the towels to clean the bathroom which works really well. The more natural and, zero waste I lean toward the more i am enjoying it. Finding use out of everything I eat etc.. is my ultimate goal but, for right now I am enjoying the journey. I plan on bringing all of these towels to Hawaii with me and, I think I am going to purchase two really good beach/shower towels to bring with me.

I want to talk about the quality of the products as well. Each towel is strong, soft an, well-made. I have had them for a few months now and, they wash and, dry very well. I usually toss them in the wash on hot or warm quick wash and, then hang dry them. I did accidentally toss them in the dryer a few times and, they were fine. I like that they are gentle against my skin and, do not cause irritation. I am looking forward to using the towels for many years to come!

10% Off- TENPERCENT

https://www.etsy.com/shop/CreeksideKid

 

Have an enlightening and, adventurous day,

allie

6 Places To Buy Ethical Clothing

 

 

Recently, I haven’t been shopping as much… You may be thinking, ” Then, what is up with the 6 places to buy ethical clothing?” Well, when you stop evaluate what you have and, then understand what you need it makes it much easier to find 6 places where you buy your ethical clothing. Now, I still shop at non-ethical stores maybe one-three times a year which, I am trying to eliminate. In my efforts to eliminate non-ethical places to shop I have complied a list of my five favorite places to get ethical or, used clothing.

ebay: I recently bought Prana clothing from ebay because it is a great way to get clothing used or, ethical clothing for a less expensive price. If you don’t mind used clothing this is the spot for you! You may even be able to score a new piece of clothing for a fraction of the price.

http://www.ebay.com/itm/PrAna-Breathe-Halter-Dress-Size-XL-Pink-Orange-White-Shelf-Bra-/222460854497

http://www.ebay.com/itm/Vasque-Vibrant-Hiking-Shoes-Women-039-s-7-5-/132144136414

Poshmark: This is where 90% of my wardrobe comes from. Unfortunately, they just raised their shipping prices however, if you bundle your clothing together it is worth it. They have ethical brands and, lots of second hand clothing, shoes and, accessories. I also, like shopping from here to support the sellers and, the idea of small businesses.

https://poshmark.com/closet/eyeheartedu

Les Sublimes:

They have an amazing story and, just launched their first ethical clothing line. Their clothes are clean cut and, simple which, is perfect for a capsule wardrobe.

https://www.les-sublimes.com/collections

 

Bead And Reel:

A trendy ethical clothing store with great values and, fashionable clothing. This is one of the stores on my list to shop at.

Click here

Prana: One of my favorite stores when it comes to athletic wear. They have fashionable clothing for hiking, yoga and, much more. They also, have dresses as well as, accessories. I have really enjoyed the value I received from the clothing; they are comfortable and, there has been no ripping/wearing after having the clothing for about four to five months. This is why I prefer ethical clothing (besides the obvious ethical side) it should last for years. Unlike fast fashion, the clothing isn’t cheaply made which, makes it sustainable.

Hanky Panky: I wrote a whole review of this site so, if you are interested I will leave the link below. Hanky Panky is a great place for ethical underwear. I got two g-strings and, two V-kini lace underwear. The site has so many options so, browse away! They are extremely soft and, comfortable I highly recommend them.

 

 

Hanky Panky Post: http://thatsabang.com/?p=359

Have an enlightening and adventurous day,

allie

How To Prepare For A Book Sale

Hello loves,

If you read what to scan at a book sale you are pretty prepared and, now you need to know what to bring with you. It took me a little bit to get this list down but, now I think I’ve got it. It saves me time and, money.

Here is the List:

  • Have Your Scanners charged- Make sure you put the data on them the night before ( You know what I mean if you are book seller, make an inquiry below if you have a question about it)
  • Have battery chargers and, regular charges for the scanners
  • Bring Snacks & Lunch You will want to take one snack break and, a lunch break    ( while you are doing both do not forget to charge your scanners)
  • Bags to free your hands- put the bag on the ground in front of you and, start scanning away. When your bag gets full put it in a corner or by a wall and, put your sheet over it. Letting people know those are your books.
  • Be Friendly even if people are a bit unfriendly to you
  • If you wear headphones, it makes it easier to avoid having to answer all the questions you are going to get by many people…
  • Do not forget to have a system to list on Amazon like, ScanPower