Amazon Fulfillment Warehouse & Profit Sourcery Test

On the way to my Amazon fulfillment centre tour I picked up my Nike Swoosh Wristbands from the previous post Profit Sourcery – Make better purchasing decisions for Amazon.

A little fiddling with the pricing and verifying information to sell on Amazon I have now listed these:

Nike Swoosh Wristband – ONESIZE, University Blue/White

Now, I decided to use an EXISTING listing and not edit any of the details at all, even if they were missing. I am not listing as a consultant, I am listing as a normal person just starting out on Amazon. You normally start using catalogue data (for better or for worse….)

profitnike

I did start this out at £13 but it seems that under my ‘individual’ selling account I can’t do free shipping so the price is £9.24 plus £4.48 shipping.

So lets calculate….

Price: £13.72
Amazon Fee: £3.37
Real Shipping Cost: £0.95
Packaging: £0.10 (well free because I already have packaging)
Item Cost: £3.99
Profit: £5.31

Gross Margin of 38.70% & Mark Up of 63.14% IF it sells of course. That is always the waiting game. Hmm…plenty of margin here so I am going to drop it a penny!!

On the flip side had a great time at the Amazon FC BHX, such a big and CLEAN warehouse. The tech is fab too! Next available dates are March 2016 for the tour so book now, it’s so popular!!

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Profit Sourcery – Make better purchasing decisions for Amazon

Last year I consulted on this product and was really excited not just for the intended purpose, but for the potential for research.

Want to trade on Amazon but not sure what to sell? We find the exact products you could sell at a 30 to 75%+ markup.profitsourcery.com

On logging into the system it is straight to business. Need to know things? Check our knowledge base, want to get down to it? Let find those products! It gives you two clear paths to follow.

I went straight to business, and because I love cosmetics I went straight to the beauty category. I know in my heart if I bought this item and it didn’t sell…well…I would just use it!

ProfitSourcery

Checking the product on Amazon showed me the item at the price indicated by the system but alas..someone beat me to it…

ProfitSourcery2

This item was also for sale at a price I could not complete at.

Right, lets check another one! I am big into the Sports & Outdoor category so I went for that one next:

ProfitSourcery3

Oooh…looking more like a potential here..and what luck…the price had been slashed on the retailers site AND they have free pick up at a local store. Was it too good to be true? Was this item my perfect test case?

ProfitSourcery5

SOLD!

I found the system really easy to move around, and even if my first choice didn’t make the grade my second did. I chose by preference not profit. I know the beauty & sports sectors…I am comfortable with these.

So the challenge is on, I will pick this item up later and try to sell it via my personal Amazon account. Just straight to the ‘got one to sell’ link on this listing.

 

Follow Up: Amazon Fulfillment Warehouse & Profit Sourcery Test

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Starting a business from scratch! A REAL example….

sblogo…no get rich quick schemes here….more like get rich slowly with dedication & expertise! Sorry to burst that bubble but it actually takes years to build a successful multi-channel business.

Last year, I had the pleasure of starting a business from scratch for one of my clients. The brief was to set up a multichannel business using Channeladvisor which included eBay, Amazon & Tesco Marketplace.

The eBay & Amazon project with Channeladvisor launch cost £12000 over 11 months to produce a stable eBay, Amazon & Tesco marketplaces business from scratch. The client had no time or resource to dedicate to this start up so I set it up as though it was my own business. I was responsible for all tasks to set up the business.

The client is now adding new lines to further grow the business as the handover was in early January. I will be watching the success of this project closely!

This graph shows the progress of the account over the past 12 months. This client sells on Amazon, eBay & Tesco. Values omitted to protect client integrity.

sportsbubble_growth

I also managed the design project with a third party provider:

sportsbubble_design

I am super excited to watch this business grow domestically in the hands of my client and then jump back in for international expansion in 2016. Over 3000 extra skus need to be added to this business so the second year of growth will be driven by product.

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Bespoke Channeladvisor Launch Services

I have been working with & creating successful businesses with the Channeladvisor Multichannel System for over 10 years. I now provide specific launch & support packages for Channeladvisor clients all over the globe.

It can be hard to integrate your business with a new system, but you can now take advantage of my expertise as a independent and experienced consultant.

Launch Packages
Tesco Marketplace Launch
Web Stores Launch (Shopify/BigCommerce)
Shopify/BigCommerce Design
Channeladvisor Digital Marketing
Channeladvisor International Expansion (English Speaking Marketplaces)

I also offer adhoc consultancy on the Channeladvisor system for £300 per day plus expenses. Let me help you succeed!

Drop me a line to discuss your business needs.

Phone: 07435 972407/01384 414770

Email: work@kidsontalks.com

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Things change in e-commerce, and thus we change with it!

I am all about change! Back in 2013 I struck out as a freelance consultant and reduced my involvement with createyourtemplate. After 7 years working with CYT in the design space I am now moving on completely.

The eBay design landscape has dramatically changed in the last 18 months, business needs have changed and I have been working on some great projects.

So what have I been doing?

I became an official partner with Channeladvisor earlier this year and have helped some of their customers get to grips with the software as well as grow their business internationally.

I have been helping more traditional wholesale & retail businesses move into online retail, using marketplaces and integrated technology.

I have been helping online business expand into new markets & open new sales channels. Some of the figures have been amazing, I have seen growth from 50% – 300% on the previous year.

I have been supporting and training clients on the tech they need to grow & streamline their businesses.

I have been working and developing with Magento & M2ePro – and want to start delving into API work.

And most of all I have been having a great time watching clients grow and succeed.

Want me to help you? Let me know!

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What the FRICK is a multichannel system?

This is the birth of a new series explaining what the hell a multichannel system is, why you need it and why “I want a website, I sell on eBay & Amazon and want to smush everything together” opens up a can of whoop-ass on your world.

 

Here is how our story starts:

In the beginning….you sold on eBay, then you thought Amazon would be cool too. Now you want a website.

So before I design you the best website in the world we need some do organisation and planning to future proof this set up for obvious world domination.

 

Multiflannel what?

Multi-CHANNEL systems are consolidated inventory and sales order processing systems that link to marketplaces such as eBay & Amazon. The really cool ones can link to an ecommerce website system as well as cope with international localisation and multiple languages. Hence the world domination.

Again please?

Lets break it down to what you need:

1. One inventory system to control stock quantities across your website, eBay & Amazon.

2. One sales order processing system so you do ONE invoice run to cover sales from eBay, Amazon & your website.

3. One time creation of your product and launch it to eBay, Amazon & your website.

4. Ability to update stuff in bulk like pricing, details & inventory.

5. Do it all in French, German & Chinese and multiple currencies.

It is really hard to get your head around how a multichannel online business is set up unless you do it every day like I do.

 

In this series I will try to break it down so you have the basic tools to decide how your multichannel set up is going to look and how you achieve this.

 

Part 1 - To host or not to host, choosing between owning your system & subscribing

Part 2 – Standalone multichannel systems & what they do

Part 3 –  A multichannel system essentials shopping list

Part 4 – Choosing your webstore

Part 5 – Complete end to end solutions

Part 6 – Integration into a live business

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