HOW TO MAKE THE MOST OF YOUR Q4 REVENUE
Samuel Eliott Cohen
CEO at Amazon Consulting Experts | Directly responsible for creating, curating & cultivating over $2B worth of sales on Amazon.com along with hundreds of satisfied & successful clients. Clients success is everything!
Amazon's fourth-quarter sales season is often when your yearly income possibilities are at their greatest. Many Amazon merchants note that their revenue can sometimes be tenfold during the other three quarters of the year. How you utilize your higher earnings might assist you to achieve even more in future years.
I'm going to outline some of my greatest money-saving ideas for how to make the most of your Q4 revenue. Please don't think I'm telling you to invest all of your money on everything below; rather, read them through and choose a few that particularly appeal to you and where your company is currently situated.
Here are some suggestions:
When purchasing a shrink-wrap machine, I propose the 16 impulse sealer.
1. Invest in time-saving equipment items. What are you doing now that might be completed much more quickly with the aid of new technology? Now is the time to look into high-quality equipment that can help you save time and money. There are so many tools available that may assist you in saving both time and money.
2. Invest in time-saving programs and services. Maybe you've been selling items straight on Amazon and are ready to save time by using InventoryLab or other listing services. Perhaps you'd want to reduce the time it takes to find items on Amazon with Tactical Arbitrage.
Maybe you're noticing that your Amazon inventory is getting out of control, and you want to outsource the backend work with a service or maybe you'd want to try an automated repricer like BQool, or perhaps someone else should take care of protecting your comments. These software packages might help you save a lot of time and mental energy in many areas of your business.
3. Purchase more goods. Many businesses start to offer toys and other gift items at reduced prices in the weeks preceding Christmas. Many stores begin major clearance sales right after Christmas. You'll discover discounts on both physical storefronts and eCommerce sites. If you don't want to go out and get items on the coldest days of the year, you can find many excellent deals at online retailers. There will almost certainly be more things for resale in-store or online than you have cash for. Amazon sales in January were still great, since consumers have Amazon gift cards burning a hole in their pockets, so it's good to keep replenishing your inventory into the new year. Just be careful to consider Keepa when making the best sourcing decision.
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4. Purchase supplies in large quantities. What do you buy for your company regularly? Stock up on packing tape, shipping boxes, poly bags, Dymo labels, and printer ink throughout the year. It's a good idea to stock up on these items now (in large quantities) rather than spending more money to get them later in retail.
5. Invest in Feeding Your Mind. Is there an Amazon FBA book, course, or program that you've been considering purchasing? This might be the ideal opportunity to get FBA training tools so that you can learn how to grow your current Amazon business. You are your business's most valuable asset. Invest in yourself; the more you learn, the more money you'll make!
6. Pay off your debt. If you have any debt, the best thing to do is pay it off as quickly as possible. Consider how much money you'd save if you earned the same amount of money now! That's extra cash that you won't have to spend on debt interest payments.
7. Invest in your future by saving today. What if you could make this year in FBA sales the best of your career? You don't have to spend another year bemoaning not being able to reach all of your goals. Instead, you may begin the new year with the clarity you need to reach your full potential and have this be your finest year in Amazon FBA. All you need is a strategy.
So, what's your plan for Q4? What are you going to do with all of that money once you've earned it? So, how are you going to spend your Q4 income to help yourself and your company grow? I'd be interested to hear about your thoughts, so please leave a remark below.
Have questions about how Amazon is impacting your business?
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Speak directly with me as the founder, owner & CEO who has helped thousands of clients sell over $2 Billion worth of products on Amazon over the past 10 years.