Our show today is titled Cash is King! We discuss the ups and downs of inventory and anticipating your market. When we got started, we relied on affiliate marketing so actually keeping an inventory is new for both of us.
Today, we tell you what guidelines we use for ourselves with inventory. Also, we talk about inventory practices on Amazon, so tune in for some practical tips.
The topics we covered today:
An update on our shipping troubles.
The 90 Day Rule
When you can set terms with a manufacturer.
Past issues we’ve seen with inventory.
How to be a good buyer.
How to optimize Amazon’s inventory listings.
Amazon’s holiday storage fees.
The benefits of owning your own warehouse.
Knowing when to liquidate or hang in there.
Why you should do your homework on a product before you order.
The mistakes we’ve made in our inventories.
Resources:
Amazon)
Stitch Labs)
Skubana)
If you have any questions or anything you’d like us to discuss on the podcast please go to ecomcrew.com) and fill out the contact form. Also we would really appreciate if you would leave us a review on iTunes). Thanks for listening!
