Amazon Basics
What does Amazon FBA& FBM stand for?
FBA - Fulfillment by Amazon
FBM - Fulfillment by Merchant
What two software tools do we recommend for evaluating leads?
SellerAmp and Keepa
What website do sellers use to manage their Amazon business?
Seller Central
She should open up seller amp and scan the product. Check monthly sales are over 30x/month. Make sure she is okay with the ROI (Break even or over 20%) and then make sure she's ungated :)
What does ‘OA’ stand for in Amazon selling?
Online Arbitrage
According to our guide, what’s the fastest way to attempt an ungating for a common brand?
Using the Auto Ungate List method provided
What is one reason a lead with good ROI might still be a bad buy?
It sells less than 30+/month
ROI is negative or under 20% if you are looking to profit
Pricing is too high compared to other sellers
What metric shows the health of your Amazon account?
Account Health Rating
What is ‘Storefront Stalking’ and how does it help sourcing?
Checking successful sellers’ storefronts for profitable product leads
What is the ‘Buy Box’, as defined in our terminology guide?
The section on a product page where customers add to cart and buy
What is the difference between a gated product and a restricted product?
A gated item you can use an invoice to ungate. A restricted item will not even let you apply to sell it.
What’s the ideal BSR (Best Sellers Rank) range for sourcing fast-moving products?
Under 200k (2% or Lower)
What section of Seller Central shows your current inventory?
Manage Inventory
A seller is sourcing and finds a product that is ungated! FINALLY. B07G7T9RW3
Buy Cost is $6.99 at Ollies!
They decide to buy and sell it. Is this a good product for them to sell? Why or Why not? You have 1 minute to answer
NO. It has the PL tag. Although it is ungated, there are no other offers...Only Amazon. Also, when there were other offers, there were no more than 3 at a time...RED FLAG...
What does ‘IP Alert’ mean and why should you care?
It’s a warning of potential Intellectual Property claims from brands
What are the main two tools that we use to sell on Amazon
Amazon Seller Central & SellerAMP
Why is it important to analyze your products before purchasing ?
You must use SellerAmp or Keep to analyze your products to know if it is actually a good buy before you invest.
What is the one fee Amazon charges sellers every month?
Professional seller monthly fee
A seller is sourcing and find this asin! B09WMF5P59. The store has a current sale on the product. Buy 2 get 3 FREE! Buy cost is 2.80 EACH WOW...She buys 10 of them to sell as FBM
Was this a good buy ? Why or Why not?
Unfortunately NO, the product is 10lbs! The shipping cost will eat all of the profit on this item. The seller should check to see if there are any other opportunities from this brand that will be better to sell.
What does ASIN stand for?
Amazon Standard Identification Number
What are the 4 things that you need to create an account on Amazon?
- Valid ID
- Bank Account
- Email Address
- Proof of Address
According to the training, what is the risk of not checking for IP or PL claims?
You could receive a policy violation and lose selling privileges
What is the minimum Account Health Rating needed to avoid being "At Risk"?
200
You scan a product and see:
What's the most important thing to do before buying 600 units?
Research demand, competition, and sales history (Keepa/SellerAmp) before investing heavily.
What is Patience & Raquel's nicknames when it comes to the Amazon business?
Patience - Ungate QUEEN
Raquel - Amazon Doctor