If you’re like me, you check your Amazon Seller App regularly, like, you know, every few minutes, whenever you are near your phone, during Q4. But, in one of those checks, it occurred to me, here is the time that random products that I’ve sat on for ages, are starting to really sell, but they are surprises.
How are they surprises? Because they are at the bottom of my inventory view, so I don’t necessarily dive into them regularly to see if I’m close to the buy box or if the ranking has improved.
An Easy Solution
On the Amazon Seller App, in the Inventory section, you can tweak the filter and sort. The standard that I use is, newest to oldest. That way I see as my new products start getting received by Amazon, and can tweak prices, in theory, before they go on sale, which can sometimes safe surprise sales below the going price.
Well, in that sort section, you can change it to Oldest to Newest. This is helpful if you don’t normally look at your oldest listings, or if your older listings aren’t cycling through regularly. Note: These might be older listings that you are constantly reinvigorating with sales, so they may not always indicate product that has been sitting for a while. But if you know your business, then you will be able to tell what has been sitting and what has not.
I found products that were priced $100 over the buy box. I also found products that were priced just a couple of bucks over the buy box, that I ended up increasing the price, in order to maximize the opportunity.
This is especially important given Amazon’s increased storage fees, and the fact that it is approaching the end of the year, and it may be better to not carry inventory into the new year.
What I’ve found is most of my items are purchased in the evening. The last week has been great. I’ve had toys sitting around for months that are finally gone. The price has been lowered for awhile, but they were oversized items and the last thing I want to pay is storage fees. It’s been a good month!