Baby, It’s COLD Outside!
Here in NW Oregon, it rarely gets below freezing, and even more rarely, it snows. Generally, we can expect snow every few years. That’s one reason we get “snow days” with the falling of a single snowflake.
So, we bundle up and light a fire, brew the hot chocolate, and burrow in for the cold fronts.
It’s time to reflect and narrow down our actions for the coming year.
Our Amazon FBA business ended 2016 about 20% ahead of 2015. Pretty darn good. We hope for the same for 2017.
Unfortunately, our best selling category is dwindling in inventory and availability. We found them in closeout and discontinued stock from various brokers. We’ve sold tens of thousands of them for an average NET Profit of $5.
But, we’ve probably found them all, and they’re nearly gone.
We’re contemplating Private Label manufacturing. Sandi found her China importer, and we’ll consult with her to evaluate feasibility.
And, we’ll branch out to find new categories of products we can source and re-sell for a profit. This is the continuing task for an Amazon Seller, or for anyone working in retail ecommerce .
It’s good to have our bundled warmth to give us comfort. The future is unknown. But we can predict with enough data.
Plan our Work. Work our Plan.
We bought a farm back in Oct 2015, and moved in during Feb 2016. We have had a beautiful time moving and getting accustomed to life in a rural setting.
It is Heaven on Earth.
What we’ve known for all our lives is that there is a season for everything.
The farm is a living example of these seasons.
For example, we plant in Spring. We cultivate in Summer. We harvest in Fall. We regenerate in Winter.
What we have to do is to work our daily activities into these seasons so we can take advantage of the time of year for maximum advantage. Trying to plant seeds in the Fall normally is asking for crop failure. Cultivating in Winter here in Oregon just gets the garden onto a sloppy bog.
Do the right things at the right times.
So, too with business.
Sell what’s already selling. Sell during the seasons that your products usually sell in.
Control expenses to have a profit at the end of business.
Don’t try to change human behavior. Work with it instead.
Make work schedules that fit into the flow of your business.
Do the work.
As you find More of What’s Working, and do more of it, you should also find plenty of What’s Not Working.
If it isn’t working – Stop.
Yes, persistence is a virtue, and hard work is normally required to be successful. Continue reading And Less of What’s Not
I’ve written about our Amazon FBA business and success. It has been an unqualified winner for us. There’s plenty of room for others to find success with it, so I wanted to share how to get started and how to make improvements.
With that in mind, I spent several weeks writing and editing a Kindle Book on how to make money using FBA. Continue reading Get My Book About Amazon FBA
Every now and then, you gotta take a look at what you’re doin’.
You gotta figure out what’s goin’ right, and what’s not.
When you figure out what’s goin’ right, do it some more. Continue reading Do More of What’s Working