Welcome to the Sprint to Profit Podcast for Amazon Sellers. In this episode, we want to discuss a topic that often gets overlooked until it’s too late: the Chinese New Year. How does this holiday affect physical product businesses like ours? How do you plan ahead so you aren’t left with no inventory for months at a time? What can you do to make sure that your business doesn’t falter during this national holiday that happens every year?
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Talking Points:
Resources/Links:
Important Dates: https://goteamreal.com/importantdates
Money/Time Investment Tool: https://www.goteamreal.com/smartgoal
Our Website: https://www.goteamreal.com/
Real Amazon Seller Facebook Group: https://www.facebook.com/groups/AmazonSellerRoundTable/
Quotes:
11:56 - “The BIGGEST challenge for Amazon sellers at this time is staying in stock from December to April, because you are likely not going to get a shipment in January-March unless you planned it out ahead of time.” - Isaac
20:03 - “In short, none of the other Chinese holidays really last longer than maybe a week, but it’s good to know when they occur and how much of a delay you may see especially when waiting for responses from your Sourcing Agent or factories in China.” - Isaac
04:58 - “To be fair, they work a lot. I think it’s great that they can get the time to do it.” - Kirsty, on factory workers being able to spend time with family during the Chinese New Year
15:35 - “So if you have to airfreight [stock] in, it’s going to cost you less overall than what it would if you ran out of stock for six weeks and you have to rerank your products again.” - Kirsty
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