#20 Our BIGGEST Mistakes selling on AMAZON FBA Revealed

Interested in building your own Amazon business in partnership with 7 and 8 figure Amazon Sellers?

If so, apply for your free consultation with Joie Roberts and the AMZ Insiders' team of experts here => www.amzinsiders.org/apply?sl=fp

In this episode, Joie Roberts and Jamie Davidson from AMZ Insiders discuss some of the mistakes they've made as Amazon sellers and how to overcome these challenges. Both share valuable insights on money management, inventory management, and branding in order to help other sellers avoid these common pitfalls.

Key Points:

1. Managing Ad Spend: Jamie shares a mistake he made with Facebook ads, spending $15,000 in just a few days with zero return. He emphasizes the importance of understanding the platform and having a clear strategy before investing heavily in advertising.

2. Inventory Management: Joie shares her struggle with managing inventory during peak sales seasons, resulting in missed opportunities for revenue. Proper planning and inventory management are crucial for maintaining a healthy business on Amazon.

3. Branding and Trademark: Jamie shares the importance of proper trademarking and branding on Amazon, after losing a product line due to trademark infringement. Ensuring you have the rights to your brand name is essential for taking advantage of Amazon's brand registry benefits.

4. Focusing on All Products: Joie discusses the importance of not neglecting other products in your portfolio, even when you have a "hero" product. Every product offers an opportunity for growth and additional revenue.

Advice:

• Invest time in learning about ad platforms and strategies before spending significant money on advertising.
• Plan and manage inventory properly to avoid stockouts during peak seasons.
• Make sure you have a clear trademark and branding strategy to avoid potential infringement issues.
• Focus on marketing and optimizing all products in your portfolio to maximize revenue potential.

Interested in building your own Amazon business in partnership with 7 and 8 figure Amazon Sellers?

If so, apply for your free consultation with Joie Roberts and the AMZ Insiders' team of experts here => www.amzinsiders.org/apply?sl=fp