Ep.16 We Answer Your Amazon FBA Questions - June 2020

Welcome back to the Sprint to Profit podcast. Today we’re answering questions directly from our Amazon sellers. We’re answering questions about the vine review program on Amazon, bookkeeping and finances, selling “trending” products, and answering questions on your listing. We would like to thank everyone who sent us questions. If you have any questions for us, please visit and submit your questions to www.goteamreal.com.

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Talking Points:

• 00:20 - Introduction 
• 01:05 - How do you keep track of your weekly finances? Do you do your own bookkeeping? 
• 06:39 - What are your thoughts on selling a COVID-19 product (like a face mask) or protective equipment right now?
• 11:17 - How should I manage the questions posted on my listing? Do I need to answer them? 
• 15:02 - The Amazon Vine Review program 
• 20:14 - Conclusion and summary

Resources/Links:

The episode with Mike Michalowics: https://sprint-to-profit.castos.com/episodes/ep15-how-to-take-profit-in-your-amazon-business-with-mike-michalowicz

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz: https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4 

Profit First Professionals: https://profitfirstprofessionals.com/

More information on the Amazon Vine Program: https://www.amazon.com/gp/vine/help

Our Website: https://www.goteamreal.com/

Real Amazon Seller Facebook Group: https://www.facebook.com/groups/AmazonSellerRoundTable/

Quotes:

01:30 – “I would suggest don’t do [the bookkeeping] yourself. Actually go to your accountant straight away. They know how to be able to set the books out so that you can understand it, they can understand it, the taxman or woman can understand it.” – Kirsty

12:59 – “When you’re getting repeat, frequently asked questions, you definitely want to put that into your listing somewhere (like a bullet point or a product description) that basically says the answer to that question.” - Isaac

05:45 – “Make sure you go through [your books] once a month with a fine-toothed comb. Don’t wait until the end of the year when it’s tax time.” - Kirsty

19:50 – “I know at the start you really want some written reviews but any review is better than no review. And any rating is better than no rating. Even a one-star rating is better than no rating because, in the end, you want to look genuine.” - Isaac