Masters of marketplace Episode 16
4 Ways to Reduce Your Amazon FBA Fulfillment Fees
Are you leaving money on the table each month as an Amazon FBA Seller? Are you fed up with all the fees Amazon is charging that are draining your ecommerce business profit margins?
Yes, fees are tough and it’s hard to make a profit on some items selling on Amazon. A lot of sellers are not aware of the fact that they can lower their FBA fulfillment fees and actually increase their profitability.
Take a deep breath and start listening because in this podcast episode, Kathleen opens up about simple yet smart ways to save on costs. Take the opportunity to learn from an industry expert and get the full breakdown on each of them and learn how to save money and get ahead of your competitors. Let’s start increasing your profit today!
About This Episode
It can be difficult to make a profit selling on Amazon, particularly when it comes to selling certain items. Here are 4 ways that you could potentially save money on Amazon FBA fees and increase your profit margins today.
Don’t sell items that retail for less than $10. It can be hard to profit from these low priced items. That doesn’t mean you can’t ever sell items under $10. If you really want to, check to see if you qualify and then utilize Amazon’s Small and Light program.
Remeasure your products to ensure the weight and dimensions are correct. This is what your FBA fees are based off of and if they’re incorrect, you could be losing some serious cash every time you sell an item.
Sell in multipacks. Instead of selling 1 product, sell 2, 3, 4, etc of the same item bundled together. This allows for only one fulfillment fee for selling multiple products.
Bundle a low priced product with another product. Take two or three different items and bundle them together and sell them on one one product listing. Like the bundle idea, this also creates only one fulfillment fee for multiple products and will save you money on those FBA fees.
Want to learn how to massively increase sales on Amazon without spending 147 hours trying to figure it out yourself?
Check out this completely free video training if you’d like to learn more about how to make 5 Surefire Ways to Quickly Get More Sales on Amazon.
You’ll learn how to leverage what you already have in your business to accelerate your sales on Amazon, discover the most important things to do to make your listing irresistible to Amazon customers, plus how to get your products seen on Amazon deals pages (without having to give a 90% discount).
If you own or manage an Amazon store and are looking to skyrocket your sales, then this training was made for you.
Here are a list of resources from this episode:
More Show Notes:
1:20 Have you ever been overwhelmed by Amazon selling fees
2:20 How to still make a profit after all those FBA fees
2:40 The flip side of Amazon category fees
3:40 The Amazon FBA fulfillment fee breakdown
4:00 Kathleen’s rule on profit margins when doing retail arbitrage
5:15 Your goal profit margin when selling your own branded products
6:40 How to increase your profit by reducing Amazon FBA fulfillment fees
7:00 Why you shouldn’t sell items that cost less than $10
8:50 Using the FBA Small and Light program and requirements to enroll
11:00 How inaccurate weight and dimensions can cost you money
13:00 How selling your items in multipacks could increase your profit
16:00 Another great strategy to lower your fulfillment fees
20:00 Access a free video training that will help you make more money on Amazon
Masters of marketplace Episode 26 Creating a Contingency Plan for Your Amazon StoreCOVID-19 is the talk of well, everything, and is impacting businesses like we’ve never seen before. It’s difficult to formulate a contingency plan when it’s already too late. Do you...
Masters of Marketplace Episode 25 Should you Sell on Amazon Seller or Amazon Vendor?If you’ve been wondering what the differences are between selling ON Amazon and selling TO Amazon, then this is the episode you’ve been waiting for. Many people don’t understand the...
Masters of marketplace Episode 24 Keywords You Should Never Use in Your Amazon ListingsImagine one day you wake up in the morning and see that Amazon has removed them and you can’t figure out why. Often times it’s because you used restricted words in your product...