Sunday, November 30, 2008

My Full Year FBA Stats!

I actually shipped my first items to Amazon FBA back in late Sept of 2007 but really didn't get enough product up to the site until late Oct of 2007 so I consider November 2007 as my real start with FBA.

I was curious as to how much product I still had in Amazon's warehouse a year later and was very pleased to find only 10 items had not sold in 12 months and four of those were books that I had priced for the long-term. As I looked at the numbers I came away with some interesting results.

In a Year Time:
  • I have shipped over 17,000 different items to Amazon's FBA warehouse.
  • As of this blog post, I have 1623 items listed. (I had over 2,000 on Weds.)
  • 76% of the items I currently have listed have been there for 60-days or less.
  • 86% for 90-days or less.
  • 6% of the items have been in Amazon's warehouse for longer than 6 months.
I sell used media items, mostly DVD's, so these numbers might fall very nicely into a sweet spot for FBA, your results may vary. I may not have much left on the site after Cyber Monday :)


Just my 15%

5 comments:

Stefan said...

Now that's an FBA operation! Do you have trouble keeping track of all the inventory at their warehouse?

Anonymous said...

I have been selling on Amazon for several years. Whenever there was a claim and I had proof of delivery they have always handled it. Today they stiffed me for a claim even though I gave them the tracking number. Apparently, it's written into their contract that they can do that, but I wonder if it's legal. It shows that there is something wrong with their model that is causing them to change. Probably they are getting more claims so they're passing it off to the sellers. It's a big rip-off because they keep 15% of each sale and they do almost no work. I don't know if I can continue selling because it leaves me with doubt if I'm going to get paid. Some of the other programs they have for sellers have been debacles also. They offered some system where you send them your stock and they're supposed to handle everything but they mixed everything up and lost large amounts of stock. If they mess up they let you take the loss. Another thing they do is they refused to collect taxes and they claim it's the seller's responsiblity to do that, but the seller has no access to payments. There's no way to collect tax other then asking buyers for more money, which would likely ruining your rating. This is plainly illegal. Marketplace was a cash cow and now they're ruining it.

Henrietta said...

Your posts about FBA always leave me grumpy, my product is not Amazonable and I really really would like to play. Oh well. Congratulations Randy, sounds like this is working for you.

Randy Smythe said...

Stefan,

No, but its mostly because I've come up with a way to deal with it on my own.

Since my inventory is very broad and not very deep I rarely am concerned with qty of any SKU but I do want to know how long an item has been in stock. I just use a code in my merchant SKU to help identify when an item was uploaded.

Henrietta,

I think it is just ideal for my business, unfortunately not for all businesses. Hopefully that will change.

www.amazon.com/shops/fivedollarcd said...

Randy,

Are you pricing your items lower than everyone else or do you price higher since you have the FBA advantage? How does sales rank play into your pricing? Common sense would say the lower the sales rank or more sought after the item the higher you can price it but do you find you can overdo that? Also, let's say you have a dvd that has a sales rank over 100,000, do you just list at the lowest possible price. I'm very curious as to how the whole pricing goes as I'm about to send in my first shipment of items to FBA shortly and I'm skeptical that some of my inventory will move because of being priced higher than the non-fba sellers.

Thanks,
Brian