• Steven Pope’s Tips for FBA Sellers: How to Make Money on AMZ

  • May 30 2024
  • Length: 35 mins
  • Podcast

Steven Pope’s Tips for FBA Sellers: How to Make Money on AMZ  By  cover art

Steven Pope’s Tips for FBA Sellers: How to Make Money on AMZ

  • Summary

  • Steven Pope, the founder of My Amazon Guy, joins this in-depth conversation, to share his big brain thinking and offer actionable insights to take your Amazon business to the next level. Key Takeaways: PPC Advertising Strategies: Discover the power of setting up auto campaigns for every SKU, even those you might overlook. Learn how a simple $0.05 bid can generate an extra $700 a month!Product Targeting and Ad Placement: Avoid common pitfalls in product targeting and leverage new ad formats like Prime Video ads to gain a competitive edge.Global Market Expansion: Learn why Japan is a booming market for Amazon sellers and get tips on how to expand internationally while managing shipping costs effectively.Localization and Future Trends: Explore the future of Amazon advertising with localized keyword data and targeted PPC strategies.Focus and Specialization: Steven emphasizes the importance of sticking to your core competencies and outsourcing tasks where necessary to build a robust, specialized business. About My Amazon Guy: My Amazon Guy is a comprehensive Amazon seller consultancy that provides a full range of services including PPC management, SEO, and content creation. Founded by Steven Pope, the agency is known for its expertise in navigating the complexities of the Amazon marketplace and helping sellers achieve remarkable growth. Don't miss this episode filled with valuable tips and strategies from one of the top experts in the field. Whether you're a seasoned seller or just starting out, there's something here for everyone. Make sure to like, comment, and subscribe for more insights and expert advice on Amazon selling! Follow us on social media: Twitter: @TheSellersEdgeInstagram: @TheSellersEdge FULL TRANSCTRIPT: JONATHAN: So I know that you are somebody who has many thoughts on the ongoing complexities of Amazon. I think that it continues to evolve. And I think even Jeff Bezos was quoted as saying that they are in the business of helping people buy things. They are not in the business of helping people sell them. STEVEN POPE: Amazon is the most customer centric platform in the world and sellers are left by the wayside. And that's a moat though, right? Like if you can overcome that challenge as a seller, you're going to be wildly successful. If you have a good product and you still can't overcome that challenge, that's where the biased, my Amazon guy pitch comes in and you hire an agency and we'll help you out. But that's pretty much it. You have a lot of a deck stacked against you because Amazon is putting up roadblocks. The Chinese are coming in hot, hurting margins. Amazon is adding fees, making margins hard from that side. And there's just a lot of people that want a piece of that piece. JONATHAN: Yeah, for sure. I mean, especially with, I mean there's a lot of things going on. They're adding additional fees right now. And that's just something that I feel like Amazon keeps getting greedier and greedier when they don't want to help Amazon sellers. But they're also just like, I don't even know about the additional promotional sales beyond Prime Day. Is that something that you think sellers will benefit from or do you think that's okay and, but like Amazon will, obviously STEVEN POPE: Yes, Amazon will crush it. They're going to push a lot of Amazon products. They'll sell a bunch of kindles. They'll send a bunch of, sell a bunch of Amazon basics. But the average day, Joe, Amazon seller does not win on Prime Day at all. Yes, their sales will be higher on Prime Day. I want to be clear about that. But if you look at the long view, if you look at the seven day stretch, they're static week over week, right. So you're stealing from Peter to pay Paul, as they say. Right. Like you're not going to come out ahead. Now, should you take advantage of Prime Day? Yes. Should you run a discount? Maybe. Should you add some additional PPC spend on Prime Day? Probably. But you'll notice that I do all that with an Eeyore saying of like, yeah, okay, Optimus prime, you know, like begrudgingly. So yes, you probably should pay, play the game. But it's not necessarily the top thing I would focus on. JONATHAN: What do you think is the number one thing that Amazon kind of has going against sellers? Like, is it the fact that. I mean, everything about Amazon is cumbersome for sellers from seller central being just the cumbersome platform that it is to seller support not being entirely efficient. I'm just curious, what's the one thing that if we could fix it would make life infinitely easier? STEVEN POPE: Well, the first one that comes to my mind would be seller support. Right? Like, I. I am so tired of getting copy paste garbage out of seller support. Like half the emails in Chinese and like, you know why, right? Like they've sold out to China. They don't care about us as an Amazon seller brand business or anything. Really. That would be the easiest one to fix, too. All we got to do is install chat GPT...
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