andy dew -...
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www.MySilentTeam.com www.ProvenAmazonCourse.com
Andy Dew www.itsdewable.com
Sourcing and understanding Sales rank in Toys & Games and Cleaning supplies
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
What is Sales Rank? -Sales rank is a snapshot in time of how recent an item has sold. -Every category is different. -A 1,000,000 rank in books, is much different than 1,000,000 in Toys&Games. -Sales rank should not dictate every buying decision.
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
A different take on sales rank
By having certain tools, sales rank will look different to you. Selling a Toy that is ranked 5,000 with a ROI of 8% isn’t very appealing to me.
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
Tools for protecting your margins and increasing ROI.
• RetailMeNot.com • Upromise.com • Evreward.com • Select Reward Credit Cards • Gift Card engineering • The best one of all... Automation
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
I decided to purchase 10 of one item from DisneyStore.com The Sales Rank # was 5,292 in Toys&Games
Everyone wants to sell items with this great of a sales rank. Why doesn’t everyone carry these items?
Not everyone has the tools to protect their margins.
$112.95 + Sales Tax = $120.60
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
The total order (assuming a 6.75% sales tax rate) is about $120.60. That makes the cost of each item about $12.00
Here, I was buying 10 of one item.
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
When we run the numbers on the Amazon Revenue Calculator, the profit ends up being roughly $3-$5 per item sold.
Cost of each item = $12.00 Revenue generated per item= $17.44 Cost of outbound shipping per item= $.50- $1.00 That leaves us with a $3-$5 profit per item.
This leaves us with an estimated 25-42% ROI
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
Now we use our tools to enable us to sell Toys&Games with a great sales rank.
• RetailMeNot coupon = About a $4.00 discount per item after tax. • UPromise savings = $3.75 or $.38 per item. • Credit Card Rewards= $3.75 or $.38 per item.
Average cost per item is now: $8.00 or $7.25 after redeeming cash back from UPromise and Credit Card Rewards.
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
Cost of each item = $8.00 Revenue generated per item= $17.44 Cost of outbound shipping per item= $.50- $1.00 That now leaves us with a $7-$8 profit per item.
Now we are left with a ROI of 100%+
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
What else should make us see sales rank differently?
• How many sellers carry the item? • How many of those sellers are FBA? • Have you started automating your business?
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
Buying Exclusive Brand Products to resell.
Selling something that is brand exclusive makes it extremely unlikely that Amazon itself will start carrying the item. Often times, I get excited about the rank of a product and discover Amazon is only temporarily sold out, or eventually starts selling the item.
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
Cleaning Supplies
My Experience: The Clorox Toilet Wands and the Swiffer dusters.
Discontinued is where it’s at.
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
Automation.
• Hiring out your boxing and shipping. • Using sites like odesk.com to find someone to do your online sourcing.
This creates a different mindset when sourcing and seeing sales rank of an item.
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
Use the training video provided in the webinar if you hire someone from the Philippines.
I typically don’t hire anyone under $1.85/Hour.
Start with VERY limited hours and be patient.
To learn more about one-on-one coaching for your online business please call 1-800-994-1792 or send an email to: [email protected]
Q & A Session