Moving Your FBA Business Forward Between Sourcing Dollars

Do something everyday to move towards your dream.

Every move you make is a step forward. Out of sourcing money? Waiting for the next payout? Here are ten things that you can do to keep your business going in between sourcing dollars:

TEN
Check your Inventory Adjustments report for missing and damaged inventory. Go to Reports>Fulfillment>Inventory Adjustments. If you check this report once per week on the same day, then you can always request the last 7 days to keep things manageable.

Found a missing item? Make a note of it 30 days out on your calendar. If it's not found by then, open a case and request reimbursment.

Found a distributor or warehouse damaged item? Open a case and request reimbursment.

NINE
Make a list of replenishable items for your next sourcing trip. Recheck rank and pricing to see if it's worth repurchasing a product. Double check your profit numbers as well.

EIGHT
Go to the store. Choose a category, and take pictures of items in that section. Go home and research in your underwear. Make a list of items to pick up on your next sourcing trip.

SEVEN
Brainstorm possible bundles! Make lists of items to go into your bundles. Try to think of unique content that you could add to make your bundle an exclusive. Research the items. Figure out the cost, fees, and profit.

SIX
Tweak prices. Go through your inventory and try to get items moving by changing prices to reflect the market. Don't lose money by racing to the bottom. If you're a price above a few sellers, and can hang out until they sell out, then do it. Keep your COGS, fees, and S/H in mind when tweaking your prices.

FIVE
Educate yourself. Read. Watch. Listen. Participate.
Read ebooks.
Watch videos.
Listen to podcasts and spreecasts.
Participate in Facebook groups.
Learn something new!

FOUR
Research prices on packing and shipping materials. Make a list of what you need, and a wish list for things you want in the future when you have some spare cash to make the investment.

THREE
Discover new reports in Seller Central. Spend some time lurking around in SC and playing around with the different reports that are available to sellers.

TWO
Organize your space. This is a good time to get things in order. Clear out the clutter, and organize your space, so that you can work efficiently.

ONE
Raise sourcing cash by taking the clutter you cleared out and listing it on a local Facebook swap group or ebay. Hold a garage sale. Dump the change you've been saving. Take books that won't bring you a profit on Amazon down to Half Price Bookstore and get a few dollars to add to your investment money.