Shane Stinemetz's guest appearances

Shane Stinemetz

British Amazon Seller

Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Woocommerce business owners, and other e-commerce sellers and digital entrepreneurs.

Brian Johnson

Steve Chou

Greg Mercer

Anthony Lee

Coran Woodmass

Dana Derricks

Manuel Becvar

Andrew Browne

Gil Lang

Ashlin Hadden

Anthony Famularo

Manuel Becver

Nadine Eich

Brad Moss

Antoni Watts

OwlTail

The Future of Amazon 2017The future of Amazon is going to be challenging for Amazon sellers. Products are becoming more competitive and this making the Amazon space more congested than before. Therefore, people need to find a way that they can assert creativity in their sales by creating something original or by adding something original to the already existing products. One Amazon seller found a way to improve a product that already existed. By adding a feature she was able to become the only seller in that space with that kind of product. Now she’s taking home over $100,000 in the last 6 months.There are numerous ways that one can do this. The most basic form of creativity originates from understanding what feature of a product attracts the consumers. Then come up with a way that you can alter the originality of the product to make it unique from the original. It is important to understand that just because you have created a unique product that is one of a kind, does not mean that getting sales is going to be easy. It is best to learn ways to convince people that what you product is what they should be spending money on.  This can be done through pay-per-click campaigns to gain attention. This is one of the ways to enhance private label space in the competitive market. Diversification of MarketplacesDiversification is the key to success in making sales right now. Just because a specific product is selling, does not mean that it will still be in demand in the future. Diversity also applies in terms of market as it is important to not only focus on one location but rather try and access other countries in order to widen your perspective. The future of Amazon is going to be having a presence in many different marketplaces. We’ve seen how politics can affect your business in the Brexit vote and the election of Trump. The GBP lost value and now you won’t make as much money by selling to the US. For US seller, the new president’s stance on imports might make it more expensive to buy from China. Also, if you plan on selling in the European markets, you have VAT to deal with.Having clarity in your numbers is very important in improving your sells. This does not only mean having knowledge of how many products you are selling but rather understanding how to set your targets using your expenses. This entails having viable knowledge on how to minimize refunds and take advantage of reimbursements. These are just some issues that a seller needs to be aware of.Be sure to head over to amazingfba.com/shane for all the interviews and a list of resources available. If you need help with your numbers, please head over to Fetcher and give it a shot.Watch What Fetcher Will Do for Your Amazon Accounts Shane Stinemetz Part 3 of 3[video_page_section type="youtube" position="bottom" image="" btn="light" heading="" subheading="" cta="" video_width="1080" hide_related="false" hide_logo="false" hide_controls="false" hide_title="false" hide_fullscreen="false"]https://www.youtube.com/watch?v=Ql2oX6arDKo&amp;feature=youtu.be[/video_page_section]

The Future of Amazon 2017 The future of Amazon is going to be challenging for Amazon sellers. Products are becoming more competitive and this making the Amazon space more congested than before. Therefore, people need to find a way that they can assert creativity in their sales by creating something original or by adding something original to the already existing products. One Amazon seller found a way to improve a product that already existed. By adding a feature she was able to become the only seller in that space with that kind of product. Now she’s taking home over $100,000 in the last 6 months. There are numerous ways that one can do this. The most basic form of creativity originates from understanding what feature of a product attracts the consumers. Then come up with a way that you can alter the originality of the product to make it unique from the original. It is important to understand that just because you have created a unique product that is one of a kind, does not mean that getting sales is going to be easy. It is best to learn ways to convince people that what you product is what they should be spending money on.  This can be done through pay-per-click campaigns to gain attention. This is one of the ways to enhance private label space in the competitive market. Diversification of Marketplaces Diversification is the key to success in making sales right now. Just because a specific product is selling, does not mean that it will still be in demand in the future. Diversity also applies in terms of market as it is important to not only focus on one location but rather try and access other countries in order to widen your perspective. The future of Amazon is going to be having a presence in many different marketplaces. We’ve seen how politics can affect your business in the Brexit vote and the election of Trump. The GBP lost value and now you won’t make as much money by selling to the US. For US seller, the new president’s stance on imports might make it more expensive to buy from China. Also, if you plan on selling in the European markets, you have VAT to deal with. Having clarity in your numbers is very important in improving your sells. This does not only mean having knowledge of how many products you are selling but rather understanding how to set your targets using your expenses. This entails having viable knowledge on how to minimize refunds and take advantage of reimbursements. These are just some issues that a seller needs to be aware of. Be sure to head over to <a href="http://amazingfba.com/shane" rel="nofollow" target="_blank">amazingfba.com/shane</a> for all the interviews and a list of resources available. If you need help with your numbers, please head over to Fetcher and give it a shot. Watch What Fetcher Will Do for Your Amazon Accounts Shane Stinemetz Part 3 of 3 [video_page_section type="youtube" position="bottom" image="" btn="light" heading="" subheading="" cta="" video_width="1080" hide_related="false" hide_logo="false" hide_controls="false" hide_title="false" hide_fullscreen="false"]<a href="https://www.youtube.com/watch?v=Ql2oX6arDKo&amp;feature=youtu.be" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=Ql2oX6arDKo&amp;feature=youtu.be</a>[/video_page_section]

Future of Amazon (Shane Stinemetz 3 of 3)

Once again we are joined by Shane Stinemetz to discuss more ways to use Fetcher and improve your Amazon listing.Preventing RefundsThe best way of managing sales is being in touch directly with your customers. You can send emails to your buyers to ensure they are satisfied. This gives you an opportunity to understand the consumer demands as well as grants you the opportunity to intervene with problems before they happen. It also helps discover quality issues that you can take to your supplier. This will, in turn, boost your Amazon profit.If a customer is not satisfied with their product, it’s better that you ship them a new, free product rather than them getting a refund through Amazon. This will also help prevent the buyer from leave negative feedback. This is huge. If you get over 1% negative feedback, you run the risk of having your account suspended.How Fetcher can Boost Amazon ProfitFetcher is currently the best solution for those who do not have an accounting background and that need to keep their profit and loss numbers in check. Fetcher is suitable for those who tend to have a general understanding of accounting, but not super high-level. It was built because 80% of people who sell on Amazon stated are not confident in their Amazon profit and sales reports. The software helps make raw data available for the average sellers who are struggling with their accounting information. They need to be looking for ways to improve their business. Fetcher, therefore, takes raw data and simplifies it. The software helps Amazon sellers make better business decisions that will improve their Amazon profit through their knowledge of transactions. Fetcher integrates a seller’s account with Amazon’s API to help the users handle complicated calculations that strain their understanding of how to maximize their Amazon profit and sales. Fetcher helps you understand your sales numbers so you can better compete with these larger companies.How to Set Targets to Maximize Amazon Profit The discussed matrix are crucial in setting targets. This begins by first understanding where your business has been and where your business currently is. This gives you an understanding of how your business is currently performing. It is very important to have historical data. In setting targets, you need to assess if there is an upward trend in sales. In the case there is no upward trend, then you needs to analyze what needs to be done to increase sales by setting quantifiable goals. It’s not enough to set a goal that you will increase sales by 5%. It needs to be a measurable goal to get you to that 5%.One of the best places to set the targets is recurring fees. Recurring fees are very much about inventory management. After 6 months, Amazon hits you with a long-term inventory fee. Fetcher has an inventory tool that can assist with preventing overstock. By knowing how much inventory you hold and how much you’re selling, it is easy to tell when the inventory will run down. This helps in reducing the inventory fees. This is unique because it involves setting goals for expenses rather than for sales. It makes sense to create targets based on things that is easy to have control over. Inventory is easier to control since sales are sometimes unpredictable. Be RealisticIt is great to have long term goals for sales but still important to set short-term, achievable goals. The best way is to understand how to fix refunds by having automated emails and communicating with customers to reduce the number of refunds. This helps in understanding margins in the end that can help you make targets that are quantifiable. Therefore, in setting targets, you should set targets over factors that they can easily control and forecast. It is easier to influence your costs rather than sales.Watch Common Amazon Profit and Loss Mistakes with Shane Stinemetz Part 2 of 3[video_page_section type="youtube" position="bottom" image="" btn="light" heading="...

Once again we are joined by Shane Stinemetz to discuss more ways to use Fetcher and improve your Amazon listing. Preventing Refunds The best way of managing sales is being in touch directly with your customers. You can send emails to your buyers to ensure they are satisfied. This gives you an opportunity to understand the consumer demands as well as grants you the opportunity to intervene with problems before they happen. It also helps discover quality issues that you can take to your supplier. This will, in turn, boost your Amazon profit. If a customer is not satisfied with their product, it’s better that you ship them a new, free product rather than them getting a refund through Amazon. This will also help prevent the buyer from leave negative feedback. This is huge. If you get over 1% negative feedback, you run the risk of having your account suspended. How Fetcher can Boost Amazon Profit Fetcher is currently the best solution for those who do not have an accounting background and that need to keep their profit and loss numbers in check. Fetcher is suitable for those who tend to have a general understanding of accounting, but not super high-level. It was built because 80% of people who sell on Amazon stated are not confident in their Amazon profit and sales reports. The software helps make raw data available for the average sellers who are struggling with their accounting information. They need to be looking for ways to improve their business. Fetcher, therefore, takes raw data and simplifies it. The software helps Amazon sellers make better business decisions that will improve their Amazon profit through their knowledge of transactions. Fetcher integrates a seller’s account with Amazon’s API to help the users handle complicated calculations that strain their understanding of how to maximize their Amazon profit and sales. Fetcher helps you understand your sales numbers so you can better compete with these larger companies. How to Set Targets to Maximize Amazon Profit The discussed matrix are crucial in setting targets. This begins by first understanding where your business has been and where your business currently is. This gives you an understanding of how your business is currently performing. It is very important to have historical data. In setting targets, you need to assess if there is an upward trend in sales. In the case there is no upward trend, then you needs to analyze what needs to be done to increase sales by setting quantifiable goals. It’s not enough to set a goal that you will increase sales by 5%. It needs to be a measurable goal to get you to that 5%. One of the best places to set the targets is recurring fees. Recurring fees are very much about inventory management. After 6 months, Amazon hits you with a long-term inventory fee. Fetcher has an inventory tool that can assist with preventing overstock. By knowing how much inventory you hold and how much you’re selling, it is easy to tell when the inventory will run down. This helps in reducing the inventory fees. This is unique because it involves setting goals for expenses rather than for sales. It makes sense to create targets based on things that is easy to have control over. Inventory is easier to control since sales are sometimes unpredictable. Be Realistic It is great to have long term goals for sales but still important to set short-term, achievable goals. The best way is to understand how to fix refunds by having automated emails and communicating with customers to reduce the number of refunds. This helps in understanding margins in the end that can help you make targets that are quantifiable. Therefore, in setting targets, you should set targets over factors that they can easily control and forecast. It is easier to influence your costs rather than sales. Watch Common Amazon Profit and Loss Mistakes with Shane Stinemetz Part 2 of 3 [video_page_section type="youtube" position="bottom" image="" btn="light" heading="...

Amazon Profit (Shane Stinemetz 2 of 3)

It is important for any business to measure its profit and loss as this helps in determining the direction of the business. It helps in understanding if the business is headed in the right direction or if there are changes that need to be implemented. Most people, when starting a business, do not have a financial perspective of their businesses; instead, they only pay attention to the sales they make. This mentality does not look at the cost of operation and how it affects the profit and loss figures. Without tracking the cost, it is simply is moving forward making business decisions without the crucial data. This will ultimately hurt your Amazon sales. Today we have Shane Stinemetz of Fetcher to help us understand this complicated subject.Importance of Understanding Profit and LossUnderstanding the profit and loss information of a business helps in setting up goals and targets. It will help the business move forward and maximize Amazon sales. This helps in making better business decisions. It will give you the information you need to understand where your business stands at a given time. With Fetcher, you don't need a financial background to understand this data.Understanding expenses helps you determine what you are spending on a sale. This includes money spent and fees such as shipping, custom fees and other business expenses. Cost of goods refers to the cost of manufacture and getting the products in the market. It is important not to summarize your costs when handling the data as this will give you a clear picture of where money is spent and help in developing a plan of deducing the expense. How to Calculate Profit from Amazon SalesYou get your profit by subtracting expenses from sales. This helps in understanding the amount of money made and the margin of every product. This is a laborious task. It involves management of big data which discourages many people. Refunds are reimbursements and are critical in sales because they are offsetting sales that bring in negative sales and this is a loss to the sellers. Fortunately, Fetcher makes all this simple by automating the process.Challenges in Managing Profit/Loss DataThe biggest challenge that people face is that they are not aware of costs that they incur. This can include shipping and storage because they mainly concentrate on the sales alone. These recurring fees are hidden deep in the reports. Because of this people  do not give it the attention it deserves.It is also important to know how to deal with refunds as this will improve Amazon sales. Returns affects your rankings. It’s important to get in front of the refund process. The first way to do this is to change the mindset from the idea that returns are part of the business. Therefore, the first thing is to track the return rates of the products over time. Secondly, you needs to communicate constantly with the customers in order to understand any quality issues that the customers face. This limits negative comments and reviews that customers make as well as reducing the chances of products being returned. Lastly, track down your reimbursements for any money that you are owed, such as of lost or damaged products. Fetcher will be implementing a new feature that will help get reimbursement from Amazon.Watch Amazon Sales with Shane Stinemetz Part 1 of 3[video_page_section type="youtube" position="bottom" image="" btn="light" heading="" subheading="" cta="" video_width="1080" hide_related="false" hide_logo="false" hide_controls="false" hide_title="false" hide_fullscreen="false"]https://www.youtube.com/watch?v=RREwcorsK_Y&amp;feature=youtu.be[/video_page_section]

It is important for any business to measure its profit and loss as this helps in determining the direction of the business. It helps in understanding if the business is headed in the right direction or if there are changes that need to be implemented. Most people, when starting a business, do not have a financial perspective of their businesses; instead, they only pay attention to the sales they make. This mentality does not look at the cost of operation and how it affects the profit and loss figures. Without tracking the cost, it is simply is moving forward making business decisions without the crucial data. This will ultimately hurt your Amazon sales. Today we have Shane Stinemetz of Fetcher to help us understand this complicated subject. Importance of Understanding Profit and Loss Understanding the profit and loss information of a business helps in setting up goals and targets. It will help the business move forward and maximize Amazon sales. This helps in making better business decisions. It will give you the information you need to understand where your business stands at a given time. With Fetcher, you don't need a financial background to understand this data. Understanding expenses helps you determine what you are spending on a sale. This includes money spent and fees such as shipping, custom fees and other business expenses. Cost of goods refers to the cost of manufacture and getting the products in the market. It is important not to summarize your costs when handling the data as this will give you a clear picture of where money is spent and help in developing a plan of deducing the expense. How to Calculate Profit from Amazon Sales You get your profit by subtracting expenses from sales. This helps in understanding the amount of money made and the margin of every product. This is a laborious task. It involves management of big data which discourages many people. Refunds are reimbursements and are critical in sales because they are offsetting sales that bring in negative sales and this is a loss to the sellers. Fortunately, Fetcher makes all this simple by automating the process. Challenges in Managing Profit/Loss Data The biggest challenge that people face is that they are not aware of costs that they incur. This can include shipping and storage because they mainly concentrate on the sales alone. These recurring fees are hidden deep in the reports. Because of this people  do not give it the attention it deserves. It is also important to know how to deal with refunds as this will improve Amazon sales. Returns affects your rankings. It’s important to get in front of the refund process. The first way to do this is to change the mindset from the idea that returns are part of the business. Therefore, the first thing is to track the return rates of the products over time. Secondly, you needs to communicate constantly with the customers in order to understand any quality issues that the customers face. This limits negative comments and reviews that customers make as well as reducing the chances of products being returned. Lastly, track down your reimbursements for any money that you are owed, such as of lost or damaged products. Fetcher will be implementing a new feature that will help get reimbursement from Amazon. Watch Amazon Sales with Shane Stinemetz Part 1 of 3 [video_page_section type="youtube" position="bottom" image="" btn="light" heading="" subheading="" cta="" video_width="1080" hide_related="false" hide_logo="false" hide_controls="false" hide_title="false" hide_fullscreen="false"]<a href="https://www.youtube.com/watch?v=RREwcorsK_Y&amp;feature=youtu.be" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=RREwcorsK_Y&amp;feature=youtu.be</a>[/video_page_section]