Monday, 29 June 2020
Better sales and distribution model creates monopoly , even without any differentiation in the product
Friday, 26 June 2020
Traction
Friday, 19 June 2020
Top 5 mistakes committed by amazon sellers
Why are my sales not increasing on amazon ?
Why do I have constant inventory related problems?
And the biggest question
How to make money on amazon?
If you have heard that a lot of sellers are making money on amazon, …….but somehow, you have not been able to sell or make money.
Watch this video till the end, I guarantee you ,- —-
you will understand 7 biggest mistakes that are stopping you from getting sales on amazon.
One more thing, the last point is the most important to understand for long term success on amazon. But in order to understand the last one you will need to understand the preceding 6 points as well. So, pay attention to each point - if you want to understand in more detail - do comment - I will definitely help you.
Let’s get more sales …..thumbs up - image
Hi,
My name is Kumar ujjwal.
I have been helping amazon sellers for the last two years, and because of this , I have observed 1000s of listings and sales numbers related to those listings.
I would like to share 7 useful points that will help you sell more units on amazon.
Let me start with the biggest mistake -
Not knowing how money is made on amazon
Best seller in sub category
What does that mean
Each product has a primary category and it has a sub-category provided by amazon
Best seller tag is given to highest selling product in the particular sub-category
Show an example - projector
You need to become the best seller and maintain the best seller ranking so that amazon will keep making money for you
Primary keyword product ranking under top 3
Let’s go on amazon itself to understand
Show with example - projector
Use keyword projector
Conditions for making long term money on amazon
These two can only happen if you focus , initially, on a few products
Fact is. - You need less than 5 products to do sales of Rs 1 lac/day
I know this because a couple of my customers have less than 5 products and each of them do more than a lac per day
Now lets, move on to the next point
Incorrect Product selection - select products that will sell in higher volumes
How to know which products will sell in higher volume
Example - projector - tetantive sales number - after seeing ranking
Always select products that have less than 10,000 rank in the primary category
I will make a separate video in which i wil explain this with examples and show how it is done
Predictably
Daily sales tracking using business reports or powerlaw app ( sales trend chart) with example - tansukh
Why is it important to track sales for each product
In order to become the best seller, you need to defeat most your competitors
The only way to defeat your competitors and get indexed on amazon is through higher sales than every other competitor in your sub-category
So we track sales of each product and try to control the number units sold on a daily basis
This allows us to predict sales in the future and helps us increase sales on a predictable basis
For this i have another video - you can watch on tracking sales using powerlaw-app
If there will be any aberration in sales of the product, you can easily see the colour coding of the sales tracking and make changes to improve sales
Proper listing with keywords - example ( homesake cluster )
We have 12 steps that we control at the time of making any listing , i will share some the steps with you and will share the link of the product so that you can go and see for yourself
Example - homesake cluster - i will share the link , will tell you a few points to take into consideration while listing products
Images - utility based images , so that people can immediately get what you product is used for
People who purchase on amazon - don’t what to spend a lot of
Most of the decision making is through images of the products
Reviews quality - 3.5 +
Keyword in title
If you want help with your product title you can share your product link in the comment section, we will help you improve your product title for free
Bullet points should be short and simple
With more keywords
Should discuss about the utility of the product
Now, lets discuss about something that most new sellers face - inventory shortages
Inventory planning - if your product is out of stock after having done some sales - remember this thing…… you will loose ranking, you willl loose keyword indexing - even if you will bring your product back - it will take a lot of money and time to get back to original sales rank and indexing - so be very careful with inventory management
Here is a method that we use with our customers
Calculate past week sales of each item on every Saturday
You should have four times of the each product
With example , if you sold x number of a particular product in last one week
Then you should have a stock of 4x for that product
You will be safe from fluctuations in sales during the next week sale period.
Do this for every week on every Saturday - you will never have problem with your inventory
Incorrect product sub-category ( too technical )
Select product category in which the possibility of getting best seller tag is highest
Example - projector -
How will you know whether you will become best seller in the sub-category
Check the sales rank of the first product in the sub-category
Show with example
If you do not believe that one day your product can have a better ranking than the best seller - do not put the prodcut in that category
Price - Remember this - customer does not care about your cost - it wants the best item at the lowest cost.
Specially for sellers coming from offline sales channel to online platform such as amazon - “think from customer’s point of view”
It is better to include shipping cost in the product itself and try to minimise the final price as low as possible.
You need to match or have a lower price than the best seller/primary competitor
Once you become the leader, you will be able to charge a premium on pricing and that will be your profit + reward for working hard to become the leader/the best seller.
Algorithm understanding
Try to analyse what the company wants - let me give you hint - SALES/ or in amazon terms conversion
Amazon makes money, when you sell your product on the platform
If your product gets sold or view or added to cart - all of this is tracked by amazon
Over time Amazon's algorithm supports those product that are selling in their sub-category , therefore sometimes getting the sales even at a loss - makes most sense.
Let me end the video on a positive note, if you get your product indexed on amazon and you are keeping track of your competitors in your category
Amazon will keep bringing sales to you , Forever
This is the products - egate
This is the product that has been top seller in its category since the last 4 years and these five items are helping this company do sales in crores per month.
You should study and try to learn more from this link - product
I hope this information will help you sell better, please like the video so that youtube algorithm will find my video useful for other sellers as well.
Thanks and remember … keep smiling
Wednesday, 17 June 2020
Distribution
- Build an audience around daily life + amazon world
- Get them to the site
- Provide a sale guy to help them use software and hep them make money
- Make them pay
- Graduate them to services over time , showing profit and certainty of success
- Permanent retained customers - 10,0000