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Selling less to make more. Avoiding risk and growing a business bigger. Today is sexy sales numbers, strategies and the critical importance of margins in making your Amazon FBA business grow and succeed. It isn’t hard, but it is important. You need to know your numbers and here are a couple of important points to consider.
Making Money with Margins
- How to make more money a bit easier
- Why revenue is an ego stat
- The reason sales do not matter
- Why I want 50% margins on my products
- How to plan out pushes and sales strategies
- The reason I focus on margins after PPC
- Why testing pricing models is critical
- The problem with selling more
- Why lower margins become a race to the bottom
- The reason low margins slows your sales speed
- How to avoid tying up cash
- Why upsells are critical for low margins
- Why high margins minimize risks
- The reason lower margin niches are easier to enter
- How to become the top dog in products
- What is price sensitivity in a market
- How to make more money a day
- Ways to raise margins
- Why you need to understand margins and strategies
FYI: Margins = Profit/Retail Price
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awesome podcast! In your margin = profit/retail price formula, is retail price the amazon sales price or the actual revenue you receive after the amazon fees?
i.e. if its selling for $25 on amazon and you get $18 after amazon fees, which are you referring to as retail price? 50% margin on the $25 seems like quite a bit
amz sales price
sell for 50 on amz then 25 profit is 50% margins