Stuck with a product - Need advice

[Yasav]

I have WF debit card and it didn't go through. I called amazon and they said I need a credit card, not a debit card.

[dallis]

Get and use a prepaid card.

[Yasav]

Originally Posted by dallis

Get and use a prepaid card.

Like a visa vanilla gift card?

[dallis]

Last I heard they still work, but there are lots of different brands if you don't like that one, wal-mart sells these cards too and a lot of the grocery stores and they all work fine for me, I've used them many times.

Just don't get the kind where you have to put in your SSN. They sell that kind at the dollar stores.

[vidim]

You say that he comes up before you. I guess the product is so cheap that it attracts a clientele that does not filter on "lowest price".

I suggest you try to tweak it so you beat him on best match.
Is he top rated and you are not?
Is he offering a higher quality of shipping with same day handling time?
Maybe buy some social signals and inbound links to your listing?
Does he have 3+ pics while you have 1-2?
Is he selling on GTC with multiple units, while you relist?
Tweak these things so you beat him on best match.

Also do some split testing using the stock photo. You might overestimate your own photo's appeal.

[SaiJin]

Originally Posted by quietstorm

Find another product to source that is remotely related to this product, but you have much more faith in your ability to sell it in a speedy and profitable manner. Once you have identified this item, bundle them. Create a new listing. You now have a unique listing that nobody is capable of comparing your pricing to and essentially, a gated listing unless another seller wants to go out and get the exact same two products and list against your ASIN. I highly doubt that will happen, though.

*One important factor to note: When bundling items, Amazon policy is that there are three UPCs -- Product 1 | Product 2 | The bundle itself. Do not ever waste a UPC on a bundle. If you do choose to bundle, go to https://sellercentral.amazon.com/gtinx & request an excemption. They are not difficult to acquire.

Hmmm... I actually like this. It'll take more work due to the variety, but this could help.

Regardless though , the market really is down. It's clearance time and even the top sellers of a category is only selling at 1% of their initial day to day sales.

[HurricaneHuntr]

Originally Posted by SaiJin

Hmmm... I actually like this. It'll take more work due to the variety, but this could help.

Regardless though , the market really is down. It's clearance time and even the top sellers of a category is only selling at 1% of their initial day to day sales.

Should pick up soon for valentines.

[dallis]

Today's the 2nd. Everybody who is really serious has already bought for Valentine's Day, the only people left are the ones who'll scream bloody murder if it isn't there overnight.

In a few days it'll be time to start Valentine clearance markdowns so you don't get stuck with a bunch of dead inventory you have to store for a year then sell at a steeper discount because it's dated and no longer fresh.

You should already be working on the next holiday if holiday sales are your thing, and warming up for the one after that.

[GreenBean]

Originally Posted by Yasav

I've had that done weeks ago, and they all got tons of views but no bites.

Reach out to your competitor. Offer him a good deal for the items.

[Yasav]

There are 2 different products from the same "opera". All related to crypto-currencies, which was shown as a top-hot category in the Terapeak.

1st product

Market has been taken over by Chinese sellers, offering the product at $1. The previous competitor who sold @ $3.8 has vanished. I was able to liquidate about 50% of my stock of this item for around 80 cents on a dollar.

2nd item

Only 1 competitor on EB and same on amazon. Very weak selling item on EB, but relatively hot on amazon; but the problem is that the listing already exists on amazon so idk how can I intervene into the market. The software shows $1200/month sales on amazon for this item. I was only able to sell 2 units on EB in 3 weeks. Totally stuck with this one.

Both products look and feel AMAZING, customers are super happy when they receive it, they just don't look for them, I guess.

[supplies]

Originally Posted by Yasav

I've had that done weeks ago, and they all got tons of views but no bites.

Maybe that other seller sold all those over 2 years when it had greater demand?

[Yasav]

Originally Posted by supplies

Maybe that other seller sold all those over 2 years when it had greater demand?

No, the product has been around for a few months or so. As I said before, it's related to crypto-currencies, specifically bitcoin.

[Yasav]

Can someone with Amazon experience PM me? I don't know what's the best and cheapest way to add UPC to my products

[GreenBean]

Originally Posted by Yasav

i can't work out a CC solution for amazon

Is the product being sold on smazon or ebay?

[Yasav]

Originally Posted by GreenBean

Is the product being sold on smazon or ebay?

On both. It's sort of a decent selling product on AMZN but completely dead on EB.

[Yasav]

The thing about that product is that it was a bubble that bursted. When I found the product and did the math, I was beyond thrilled, as I thought I found a fully legit product with huge margins and crazy demand. It costs 25 cents in China and it was being sold at $25-30 for around one month; and now you can't even sell it for $3. I was just unlucky, as I only got the product when the bubble already bursted. And now I am stuck.

[dallis]

That's the way it often works. By the time you realize it's hot and get on board the game is already wrapping up.

You have to be ahead of the wave and get out while it's still hot.

If I knew had to do that I'd be a rich man.

[Yasav]

For those who are curious; it's this item

https://www.amazon.com/Bitcoin-Coin-...ds=bitcoin+box (WARNING AMAZON LINK)

And I also have around 150 coins of bitcoin souvenir.

Ha I feel totally stuck with those. I think the only way to sell would be at a extremely low price via economy shipping.

Anyone has any ideas how economy works? I did try it twice but for some reason it was counted as a defect as there's no tracking.

[Shassar]

Originally Posted by Yasav

For those who are curious; it's this item

https://www.amazon.com/Bitcoin-Coin-...ds=bitcoin+box (WARNING AMAZON LINK)

And I also have around 150 coins of bitcoin souvenir.

Ha I feel totally stuck with those. I think the only way to sell would be at a extremely low price via economy shipping.

Anyone has any ideas how economy works? I did try it twice but for some reason it was counted as a defect as there's no tracking.

Well now it makes sense. I saw that on one of those Amazon deal/ review websites where it was being given away or sold for almost nothing :( That's probably why it seems like there are a lot of sales. You can tell also because all the reviews are within a few weeks. That software isn't always exactly accurate with the numbers anyway I've tested it on my own listings where I'm the only seller and it's been way off.

[Yasav]

Originally Posted by Shassar

Well now it makes sense. I saw that on one of those Amazon deal/ review websites where it was being given away or sold for almost nothing :( That's probably why it seems like there are a lot of sales. You can tell also because all the reviews are within a few weeks. That software isn't always exactly accurate with the numbers anyway I've tested it on my own listings where I'm the only seller and it's been way off.

People do that all the time to get more feedback on Amazon. Jumpsend is one of those sites, for instance. New sellers giving away free samples in the beginning isn't an indication of a bad product. In this case, the item would have been hot in December when the media was heavy into BTC and now it's sort of cooled off.

I think I'll sell at break-even as soon as someone enlightens me on economy shipping