How to Price Your Amazon Product to Maximize Sales and Profit for FBA Private Label
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- Опубликовано: 12 сен 2024
- I'll show you how you can quickly and easily determine the best target price and pricing strategy for your new Amazon FBA private label product for your product launch and actual sale price. I'll show you how you can analyze your competitor's products to determine the price to maximize your sales and profit.
Proper Planning
• Proper Planning Before...
Calculate Profit and Fees
• How to Easily Calculat...
Preparing for a Product Launch
• How to Prepare for a P...
New PPC Product Launch Strategy
• New Amazon FBA PPC Pro...
Losing the Buy Box
• Amazon FBA Buy Box Exp...
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DISCLAIMER
This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for your support!
#AmazonFBA #Pricing #Strategy
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Crescent are you a wizard or something?! This is like the 3rd time I think of a potential issue and the next day you have a video talking about it.
Thankyou so freaking much dude! Your content is priceless! Clearly among the best amazon fba coaches out there!
LOL I'm glad that you're continuing to find value in the content! You're welcome and thanks for your input and feedback, I appreciate it!
Hey Crescent! I love your videos. You are by far my favourite RUclips amazon FBA channel.
I launched 2 months ago and have now made it to page 1 (even option 1 or 2 sometimes) for my target keywords. I have 6 positive reviews! I’m beaming with happiness! But I am wondering when you think is the best time to start split testing?
Congrats on your new product launch! That's great news! You can always be split testing something, whether that's the title, main photo, price, keywords, copy, etc.etc. There's no right or wrong time, just don't change too many things at once. Ideally only make one change at a time when you're testing and test each change for 7-10 days.
Super helpful 👍
Glad you found it helpful!
Thanks for this video! very helpful - with regard to split testing, you mention testing changes to the price every other day. Is there a benchmark of # of sales you're doing that you should pay attention to? For instance if I'm only selling 4 or 5 items a day should I go longer than every other day to make sure that there is enough sales / data points to inform my split testing?
You're welcome. When you're doing any type of testing, you should let each new strategy run for at least a week or longer.
Thanks again. Do you have a video that explains the differences of "sale price", "your price", and "manufacturers suggested price" in Seller Central for a new listing? How confusing is that?
You're welcome! This goes over it: ruclips.net/video/YvynQNgnveI/видео.html
Perfect timing Crescent
Glad you found it helpful! Let me know how it works for you.
Thanks for the video. One point: if I increase the price and I still sell, it is increasing my margin but it is likely though that I sell less products within the month, right? why don't u take into consideration the amount of sales a certain price make within a range of time instead of simply focusing on finding the upper price your product can sell at?
You're welcome! Of course you should consider the sales rate at each price point. There's no way to know how well it will sell unless you try and make a strategic decision once you know.
Love this video! You are a true master Crescent!
Question: How to get back the price badge that has the original price crossed and your sale price shows up under it?
I believe you just go in to edit section and put in a lower price for the product.
Thanks for your feedback, I appreciate it! Amazon has phased out this feature.
Great, is it true that the more units you order the price goes more down?
Generally, yes. Discuss it with your supplier.
Great channel btw.
Do you know how to add social media widgets to Amazon so they show up when the customer clicks on the listing??? They appear just below the buy box.
Thanks
Thank you for your feedback! You can't add tracking links to you listing. ruclips.net/video/AvByTq8Sl4U/видео.html
Crescent, another excellent video . Question how do you get the strike through in your price to make it look like your product is on discount?
This feature is being phased out by Amazon.
Hi Crescent! I have a question about "pending" orders. I would like to increase my sale amount, but I have quite a few orders pending at the moment (around 12 or so), so my question is: if I increase my sale amount now, will this affect the pending orders or will they still get it at the original price?? Thank you!
Hello. No, if you change the price, it only affects future orders.
As always, such a very helpful video. Quick question. How do we split test the price of the product? More power to you!
Glad you found value in it! Change the price, leave it for a week or two and see how well it converts. Change the price again and retest. There's also tools that will change the price for you and track it, but not really necessary.
@@CrescentKao Thank you Crescent. You're the best teacher there is - clear, straightforward and genuine. I'll definitely send you a gift if this takes off!
Great content! Thank you sir!
You're welcome! Glad you found it helpful!
Question: if I price at $25.99, then people without Prime can get free shipping. But it's a higher starting price for my product. However, if I price at $21.99, the initial offer seems better, but for people, without Prime, it's not because they will have to pay extra for shipping (since only over $25 USD per order qualifies for free shipping - let's assume they only want to buy this one product), and will likely end up paying like $6 or $7 just for shipping. Would this work: price at $25.99 starting and add a $5 off coupon. SO that I'm essentially allowing both groups of people to get the best deal? Because the people without Prime would also still get free shipping AND get the product at $20.99 (due to the coupon discount). And then keep that $5 off coupon but slowly increase the actual price, over the course of a few months. Let me know if my logic makes sense.
Hello Crescent thanks for the video. The problem I am facing is the shipment charges are very high for USA. I have checked other shipment options which are way higher than recommended by alibaba and the price does not make sense. The cost price is almost the same of amazon price. How to over come this issue.
Hello! You’re welcome! If you can’t lower your costs to make the product profitable, then abandon the product and move on. Give Brian Zhou a shout and see if he can help you with shipping. Tell him I sent you: sales18@forestleopard.com
Great content as always!! If my product launch price is 20% higher then the low end price range let's say 12$ price launch but i am also doing giveaway which will be 80-90% off the selling price how can i do both?
thank you Crescent!
Glad you find it helpful! Just set the price and create a coupon or promotion: ruclips.net/video/vydz7Q3IEDs/видео.html
Thank you!
You’re welcome! I’m glad you found it helpful!
@@CrescentKao I am figuring out my launch prices for my first products, right now :)
Your videos are very very helpful and help me a lot through the process!
Love the videos! A lot to learn
One question though , how can I set a price to a product that doesn't sell yet on amazon? The product that I am thinking of exists in many shapes and forms on alibaba but not yet on amazon, that I why I have little to no reference points to set a price.. just the base price and description from China
Glad you find value in them! That where you'd have to calculate the actual and perceived value on top of the profit margin you are targeting and then test the market or look at comparables.
@@CrescentKao Thank you! Are there some standard procentages or values that people are using or take care of when establishing a price ?
very informative video lots of learning.
Glad you found value in it!
Nice video! ?? What should I do after I have a Unique product and this product is not sold anywhere? There is not even a similar product. I have no competition! And I'm a monopolist. What price can I put? ?? Price is 2k for now.
Thanks, I'm glad you found value in the video. If there's no other sellers, then I'd be concerned that the product is patented or there's no demand for it. Otherwise, the only way to figure out a price is figure out your costs and what you think the market can bare based on similar products and test different price points.
crescent do you honestly believe there will still be an opportunity in FBA from now and into the next 5 years for new sellers like me with a very low wage job and budget? if so why?
Yes. Amazon isn't going anywhere anytime soon. This video goes over it: ruclips.net/video/nt3Uoovc6sU/видео.html
How can Amazon take the buy box from someone that have a original product no one else selling?
The Buy Box video in the description goes over this: ruclips.net/video/vr6dblKytE8/видео.html