REPORT FINDS 1 IN 5 AMAZON SELLERS SOLD OVER $1 MILLION WORTH OF PRODUCTS “It’s too saturated.” “It’s too competitive.”

You read that right, after five years of operating our Amazon business in our own warehouse, we are closing the doors. We have finished our warehouse lease and moved ENTIRELY to a prep center!

So…we took our own advice…FINALLY

Last week was Independence Day. I spent the holiday with my wife, our two daughters, and a mixture of other family and friends hanging out by our pool, grilling hamburgers and hot dogs.

Later that evening, as it drew closer to dusk, we headed out to a nearby park to watch fireworks. We found a nice spot to park, opened the hatch of our SUV, and sat in the back together awaiting the fun. Even as a grown man, I still love fireworks, but I ESPECIALLY love watching my two girls watch fireworks. Their genuine sense of wonder and amazement fills me with joy.

How quickly do you move your inventory? Do you find yourself sitting on surplus product? Have you experienced an Amazon stockout? To ensure you’re maximizing your business’ growth, you should be asking yourself these questions on a regular basis and taking steps to move more product more quickly, without running out of stock.

To do this efficiently, you need a sound inventory management strategy. One that tells you how much product to sell at a time, what price to sell it for, and how/when to resupply. Get started with this 3-part guide to maximizing inventory turn:

If you follow our blog here, you know we don’t buy wholesale using any of the traditional methods.

The traditional ways people buy wholesale involve going to tradeshows or signing up for accounts with distributors and wholesale companies. They will then go through those companies’ giant catalogs of branded inventory to find products they can buy to profitably resell on Amazon.