Opening a store on Amazon is a technical job. Many novice Amazon sellers are actually not able to master some methods to operate a store smoothly. What we are going to talk about today is how to make a store run smoothly from existence to non-existence.
1. Balance inventory
New sellers may not have enough funds to increase their inventory, so they will most likely sell out all of their inventory, which is fine because there will be no leftover stock. However, more experienced sellers will choose to reserve some inventory so that they don’t run out of stock and have to stop selling.
The best way to forecast inventory for the current year is to look back at sales during the same period last year and predict when you will sell out, then order inventory to meet your target. If you end up with too much inventory, remember that selling it at a discount or loss is also far better than paying long-term storage fees.
2. Data analysis using software
If you are a new seller and don’t have data from previous years, that’s okay. You can get historical data from tools like Keepa and camelcamelcamel to help you. Tip: Toys sell very, very well in the fourth quarter, but outdoor furniture is a slow season in the fourth quarter.
3. Make a plan and stick to it
There will be peaks and valleys in the fourth quarter. To avoid being overly excited during the peaks and overly depressed during the valleys, make an unemotional plan, follow a schedule, and stick to it. Be prepared for the peak and off-seasons, rather than being caught up in the whirlwind and frenzy of the fourth quarter.
4. Subcontracting and outsourcing
Let’s not look at sales just in terms of numbers, but how to wisely spend the money to get the most return. For example, you can pay part-time uncles and aunts to do the packaging, so that you can free up more time for operations and promotion. For example, when choosing a reliable logistics provider, you should not only consider the price, but also the timeliness and safety, because timeliness and safety are the prerequisites for your sales. In short, think about how much your time is worth, and spend it wisely.
This is the end of the knowledge about Amazon operations in this issue. If you want to get more information about Amazon operations, please pay attention and we will continue to answer you~
