Masters of marketplace Episode 20
The Biggest Mistake to Avoid with Amazon Private Promotions
What is one of the quickest ways to boost your sales? Set up an Amazon promotion code. Whether you’re looking to launch a new product or sell through some of your slow moving inventory, promotions are a great way to quickly increase your sales. But beware! There is one crucial mistake during set up that can plummet your business fast. Listen now so you never encounter the horror of losing money, inventory and control over your product on Amazon.
About This Episode
‘’Amazon promotions killed my business!’’ You’ve likely heard painful stories like this. But if not, tune in and listen to this helpful episode to find out what the biggest mistake is to avoid when creating your private promotion opportunities on Amazon.
When you launch your product, you want to make sure you set yourself up for success. Offering discounts is one of the best ways to drive quick sales to your listing and for minimal cost. There are lots of horror stories in the Amazon space, however, of people setting up promotions who ended up losing their money, inventory, companies – everything! You don’t want to be one of them, right?!
This is not to scare you into never creating promotions, though. This episode discusses some of the worst case scenarios and pitfalls that have happened as a result of not setting promotions up properly within your Amazon marketplace account.
Do your homework, listen to Kathleen and be prepared to implement a super smart launch strategy that will prevent you from losing money while increasing our sales. Learn from the Amazon expert who will help you set everything up and be next to you all the way to your success!
To hear more on this topic and learn future proof tips, make sure you listen to this episode.
If you’re wondering if selling on Amazon is the right move for your business, check out the completely free training here.
- The quickest, easiest way to launch your products on the largest online marketplace in the world – Amazon.
- The 4 things you MUST have to ensure your product will sell well. Hint: One is a make or break…so you’ll NEED this or don’t even bother trying.
- How to save boatloads time and bypass your competitors by learning from the experts who have been launching businesses on Amazon for years.
If you’ve ever considered selling products on Amazon, then this training was made for you.
Check it out here at https://www.MastersofMarketplace.com/sellonamazon.
Here are a list of resources from this episode:
Free Training: Is Selling on Amazon Right for Your Business?
Join the Masters of Marketplace membership
Amazon Consulting services
More Show Notes:
1:50 Appropriate times to set up a private promotion code on Amazon
3:20 Explanation of the different types of Amazon promotions
3:40 Which promotion type is no longer available on Amazon since January 2020
4:00 How to create a promotion code on Amazon
4:05 What’s the newest promotion type and why Kathleen loves it
4:35 What’s the best promotion type to use when you have a new or a slow moving product
5:00 The ‘’Percentage off‘ ’promo type and why Kathleen wants to draw attention to it
6:00 Will Amazon let you give away products for free
7:40 How long does it take for a promotion code to be in place
8:20 The expert tip you don’t want to miss if you want to create a private promotion code that would be seen only by specific people
11:00 A client’s big struggle just after launching their Amazon store
12:30 A real horror story from Kathleen’s experience and what’s the worst-case scenario that could happen if you don’t set up your private promotion code the right way
21:15 A way to reach out Kathleen if you want to share your story or just ask her anything
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