E316: The State of the Amazon Seller with Joe from JungleScout
Welcome to the 316th episode of the Ecomcrew Podcast! Isn't it crazy how half the year has already gone by? Not to mention that we've been in quarantine for almost a quarter now, but things are starting to open up, so that must mean some good is finally going to come around.
Since half the year has passed, I felt like it was a great time to go over some interesting data that was released by my friends over at JungleScout. They recently released some data about who the Amazon Seller is, how their Amazon businesses are doing and their concerns and challenges for the future.
If you're interested in reading the full report, you can find it here.
Today's episode is definitely an interesting read for every seller out there, and I definitely think that there's some changes that you should make after listening through this episode. If you have no idea if your Amazon business is profitable or not, I suggest that now is the time to take control and really dive into the inner workings of your business.
Register now for our FREE Public Webinar on June 4th, 2020!
Dave and I will be talking about Redirecting External Traffic for Amazon Sellers. You'll learn about why external traffic can make or break your product launches, how to drive external traffic to your Amazon listings and how to increase your chances of getting your product to #1 and keeping it there.
Thanks for listening to this episode!
Until the next one, Happy Selling and stay safe out there.
Totally agree with Mike’s comment about exaggerated net profit data.
Also couldn’t see how it’s possible to do 5K a month in sales and suggest your using the profits to ‘pay rent’ and so on. Your small amount of actual profit is going straight back into your inventory reorders in most cases.
Yup, takes about 2-3 years before income gets to a point where you can take a decent salary without reinvesting profits consistently.