@SellerAmp
SellerAmp
5 months
10 terms every beginner Amazon seller needs to know:
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@SellerAmp
SellerAmp
5 months
1. Sales Rank (BSR) = A number assigned to every product on Amazon to indicate demand. The lower the better. Stay under 100,000 BSR as a beginner. 2. ASIN = Amazon Standard Identification Number. A number give to every item on Amazon that doesn't change.
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@SellerAmp
SellerAmp
5 months
3. OA = Online Arbitrage. Buying products online to resell on Amazon. 4. RA = Retail Arbitrage. Going in store to find products to flip.
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@SellerAmp
SellerAmp
5 months
5. ROI = Return on investment. Making $1.3 back spending $1 = 30% ROI. 6. Profit Margin = The % of total revenue that is profit. $10 profit on $50 in sales = 20% margin.
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@SellerAmp
SellerAmp
5 months
7. BOLO = Be on the lookout. A super hot item. Toys during Christmas, backpacks during Back to school, etc. 8. FBA = Fulfillment by Amazon. Sending products to Amazon bulk where they then handle fulfillment.
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@SellerAmp
SellerAmp
5 months
9. FBM = Fulfillment by merchant. Sending products directly to the customer rather than sending to Amazon. Mainly useful for seasonal rush products. 10. PL = Private Label. Buying unbranded. product and creating your own brand. Creating a listing, photography, copywriting, etc.…
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@SellerAmp
SellerAmp
5 months
Thanks for reading! Follow @selleramp for more and leave a RT on the first tweet for more
@SellerAmp
SellerAmp
5 months
10 terms every beginner Amazon seller needs to know:
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26
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@CarterRobOlson
Carter Olson
5 months
@SellerAmp @flips4miles What about Cease and Desist?
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@PrepSavers
PrepSavers
5 months
@SellerAmp This is a solid list. I would add IP = Intellectual Property It means you will not be able to sell the item
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