In this episode, Brian and Robin Joy dive deep into the essentials of Replenishing Competency for your Amazon business. They break down the fundamental strategy: if you sold one, replenish one.
You’ll learn how to test and set the right prices, the importance of finding high-velocity ASINs, and how to maximize profits by strategically pricing above the buy box. We also discuss key tips on managing your replenishment budget, the balance between testing new ASINs and restocking proven winners, and how to leverage the law of averages and economies of scale for sustained growth.
Plus, they cover the critical competencies every seller must master, including identifying sales patterns, knowing where to restock items, and ensuring your inventory meets all necessary criteria.
Tune in to optimize your replenishing strategy and boost your profits!
Our special guest and legal advisor at the conclusion of today’s show, Jeff Schick of JeffSchick.com discusses returns and seller reimbursements. It’s likely that you have money owed to you as a seller and Jeff tells us how to go about getting those funds.
