Price Tankers: How to Avoid a Race to the Bottom when Selling on Amazon

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  • Опубликовано: 16 июл 2024
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Комментарии • 56

  • @LMCEK
    @LMCEK 3 года назад +16

    So true! Also to whoever uses a repricer, do not undercut everyone who matches your price. Doesn't matter if it's by a penny or a dollar. I've seen sellers get competitive and an item goes from $20 to $6 in 24 hours. Share the buybox = make $

    • @NikkiKirk
      @NikkiKirk  3 года назад +4

      Yes! I’m still not a fan of repricers lol

  • @karlc.5319
    @karlc.5319 3 года назад +3

    I would buy Ricky's item and resell it back on Amazon lol. That'll teach him

  • @Westcoast10
    @Westcoast10 2 года назад +3

    I had an item that was selling for $120 and someone tanked the price all the way down to $23 🤦🏾‍♂️

  • @elizabetharonson6399
    @elizabetharonson6399 3 года назад +5

    I hope you’re watching, Rickie.....

  • @blackteaandhoney
    @blackteaandhoney 3 года назад +1

    Spot on advice! Thanks Nikki!

  • @katygriffith9472
    @katygriffith9472 2 года назад

    Wow great info thanks Nikki

  • @juancoira6902
    @juancoira6902 Год назад

    Great explanation Nikki! Appreciate all the content you’ve share! Appreciate you!

  • @mayraorozco2507
    @mayraorozco2507 3 года назад

    Thank you for making this video!!! Hopefully this helps spread some awareness on the buybox pricing!!

  • @thefortyacres4380
    @thefortyacres4380 3 года назад

    Thank you for all the great advice! Your videos are always 💯!!

  • @ahernandez1080
    @ahernandez1080 3 года назад +7

    As a new seller, this is great advice. It doesn't only help me but every seller on Amazon. Oh and F Ricky by the way lol

  • @CrystalFoth
    @CrystalFoth 3 года назад

    Thanks!!! Great advice! I'm going to check all my prices now!

  • @huckleberryfinn8795
    @huckleberryfinn8795 3 года назад +2

    You give valuable information, way better than most other amazom "sellers", thank you so much.

  • @Dobie20
    @Dobie20 3 года назад

    Great advice! Thanks Nikki!

  • @brandonestelle6318
    @brandonestelle6318 3 года назад

    Another great informative video! Thanks Nikki!

  • @walkinfaithnotbysight
    @walkinfaithnotbysight 3 года назад +1

    So valuable! I always thought lowest price got the buy box. I had no clue all those other factors came into play!

  • @McFallFarms
    @McFallFarms 3 года назад +3

    New sellers that try to lowball just are loosing profit. Extremely aggravating. Even professionals should hold the line. Amazon rotates the buy box. I send items in that Amazon sells and no other FBA. I have been $5 higher and still get the buy box in rotations. Maybe 50 to 1 but I do get the box. Selling less than 60days with over 6k in sales. 👍🏼🤠

  • @mattsimon8494
    @mattsimon8494 3 года назад +3

    Finally someone that actually has a following talks about price gouging on amazon, you should also bring up hijacker that can take over your post and even change descriptions in your listing to bring the listing down. I love your hustle keep it up!

    • @MoverandShaker
      @MoverandShaker 3 года назад

      Hijacker? Wow didnt know about that.

  • @michaelrosado6009
    @michaelrosado6009 2 года назад

    Hey I learned a lot thanks for sharing 👍🏽

  • @shawnandkarendoucet9067
    @shawnandkarendoucet9067 2 года назад

    Great video Nikki

  • @rosarflores33
    @rosarflores33 3 года назад

    thanks great info

  • @JuanSanchez
    @JuanSanchez 3 года назад +3

    This is one thing I always look 👀 at specially with all this wave 🌊 of new sellers.

  • @wildboar9929
    @wildboar9929 3 года назад

    Great content, thanks!!
    A lot of people on construction trades are the same. A race to the bottom and unfortunately they are not fiscally smart enough To see they are selling something for less than FBA fees. I’ve seen people that would loose money if they got the item for free.

  • @SemiContext
    @SemiContext 3 года назад

    Can you do a video about proprietary rights? Thank you for all your tips

  • @Ozzy63666
    @Ozzy63666 3 года назад +1

    Been pricing $0.01 above the buy box, all other things being equal, as to not trigger the race to the bottom from repricers. So far so good

    • @ravishantilal5506
      @ravishantilal5506 2 года назад

      Are you getting sales? What is the max you drop your price, 30% ROI or you go lower as well when dropping?

  • @HEHEIMTOMMY
    @HEHEIMTOMMY 3 года назад

    Hey Nikki! I love your videos! Just signed up for an Amazon seller account and contemplating some of your ungating guides once I get going. I’m a little nervous that the Amazon seller market may be getting quite saturated but as a stay at home mom I thought this would be perfect for me to make a little extra income if it’s still viable. Do you feel like it still makes sense for people to be signing up as sellers with Amazon? Or are there too many?

  • @Vnessa28
    @Vnessa28 3 года назад +2

    Hi Nikki love your content, thank you for this video. I’m from the U.K. and wonder if the 5% rule above the buy box is ok to do in the U.K. Thanks again 🤗

    • @NikkiKirk
      @NikkiKirk  3 года назад +2

      I’m not sure but I would think it would be the same there! Thank you!

  • @tehbui604
    @tehbui604 3 года назад

    Hello Nikki , does your ungating guide work for amazon Canada too?

  • @ravishantilal5506
    @ravishantilal5506 2 года назад

    What would recommend dropping your price to the max? Would be 30% ROI and you won’t sell anything lower than that or you will sell at 10-20% ROI or breakeven?

  • @JJ-ix4zr
    @JJ-ix4zr 3 года назад

    One quesget an answer is it possible to do amazon remo . to purchase your bundle

  • @sexycouchpotato1411
    @sexycouchpotato1411 3 года назад +2

    For real! lol like why undercut that’s a lose lose situation. Annoying really

  • @dennismassie3552
    @dennismassie3552 3 года назад

    👋🏻Florida ☀️🌴🇺🇸

  • @vitaligrigoryan1133
    @vitaligrigoryan1133 3 года назад

    Hi Nikki. Thanks for the video. I am subscribed with Keepa but it doesn't show the quantity of other sellers' inventory. What would you advise?

    • @NikkiKirk
      @NikkiKirk  3 года назад

      It’s the free Keepa chrome ext that does that!

  • @brrt3678
    @brrt3678 3 года назад

    She reminds me of my aunt lol

  • @DontMessi
    @DontMessi 3 года назад +2

    How do you see the inventory that other sellers have?

    • @mariahabrahamshon4756
      @mariahabrahamshon4756 3 года назад +1

      Go to the amazon app not seller, and look for the item and the seller, them add the product to your cart. Where it say quantity put 100 and they will tell you how many inventory they have.

  • @JJ-ix4zr
    @JJ-ix4zr 3 года назад

    this remo

  • @RobertRoman
    @RobertRoman Год назад

    I would've bought Ricky out then resell at $23.99

  • @TheDenzendunc
    @TheDenzendunc 3 года назад

    Ricky watching this video: 😬😬😬

  • @phxbro1
    @phxbro1 3 года назад +2

    Couldn't you buy from Ricky at $9.99 and resell it on fba for a profit

    • @dutchcrunch91
      @dutchcrunch91 3 года назад

      This only works if you are buying from Amazon only. If you buy from Ricky and then you get an IP complaint you won’t have an invoice/receipt for where Ricky purchased the product to prove it’s not counterfeit. You won’t have a perfect chain of custody which could get your account suspended.

  • @JJ-ix4zr
    @JJ-ix4zr 3 года назад

    can I do this from lmexico

    • @JJ-ix4zr
      @JJ-ix4zr 3 года назад

      with help of someone tedstates

  • @aeshamatiee8361
    @aeshamatiee8361 3 года назад

    This is a great advice. I just send in my items and followed your advice. I wanted to check when we send in an fba and have multiple items and they get divided to different locations how do you make sure they are all going in one box to one location?

  • @frankstodolka5654
    @frankstodolka5654 3 года назад

    Don't be a Rickie

  • @musicandsoundsforthoughts6681
    @musicandsoundsforthoughts6681 3 года назад

    What do you scan with ???

  • @sevenfights
    @sevenfights 3 года назад +1

    Brilliant content. TY!

  • @jeffdorris5321
    @jeffdorris5321 3 года назад +2

    Nice work 🎆✨