Massive Scale Cross-Border Amazon Arbitrage

[GoldFibre]

Today's Stats​

​

List Vetting​

I got a list of risky ASINs from my current catalog, but there were only about 200, and during the day I got dinged for several that weren't on the list. So I'm not sure they are checking the same things as the bots.

Anyway, I cleaned up those ASINs and those brands and will keep getting feedback from the account manager on how to improve.

I also provided my first batch of 1m new ASINs for them to vet and am waiting on that feedback before I start listing new products again.

​

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 0 / 4
• Country 1
  • Account Health: 144 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

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[GoldFibre]

Today's Stats​

​

Market Research​

Since I'm not listing any new ASINs at the moment, I went through my DB and looked at various examples to see what was going on with my competitors and anything else I could figure out.

One thing I'm thinking is to take safe brands and make sure I list all of their items. This can give me a boost that is a bit safer than just listing whatever is in my queue, which could include risky brands I haven't vetted yet.

​

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 0 / 4
• Country 1
  • Account Health: 152 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Today's Stats​

​

• Active Offers Goal: 182k / 400k by October 14

Low Daily Profit​

My account has been back in action for a while, but profit is nowhere near where it was before I got blocked.

I went back through my order history and this thread to see when the turning point was, and it is quite clear it came after the below changes:

I revisited all my pricing and offer criteria and made some changes to try to improve profitability - though at the risk of fewer sales.

• Bumped minimum profit per item from $5 to $10
• Increased maximum margin to 35%

So I decided to put the maximum margin back down to 25% but keep the minimum profit at $10.

My goal is always to maximize profit. I don't care about revenue at all. I was averaging over $100 per day before and had several days at $300, so I want to get back there and then work it up further.

Adding Safe Brands​

I decided that I will create an automated way to add all products I can from any brands that I determine are safe. I can do this strategy even if my account health is not great. This is in place of my original strategy of adding all kind of brands without knowing which ones are safe.

I already had a script where I could update an arbitrary set of ASINs, so I refactored that code to be used in a second script that accepts a list of brands, pulls all the ASINs for those brands and then updates them.

So I scraped some brands and used this script to expand my catalog. I went from ~170k active offers in the late morning to ~182k by the evening. It was way more than I expected to get with a relatively short list of brands.

I'm thinking I will try to double my catalog size with this strategy within the next week. Let's set a target of 400k active offers. I have some assumption about safe brands in my current catalog, but I will also ask my account manager for a full list of 'safe' brands and will just let the bot get after it.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 0 / 4
• Country 1
  • Account Health: 152 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Weekly Update​

Things are back to normal after some pain over the past two weeks. The goal this week is to hit 400k active listings, which is more than double where I was last week. Combined with my pricing tweaks I hope we will be seeing at least 1k profit this week and 2k the following week.

On the relationship front I want to be introduced to the person in Amazon responsible for country 2 so that I can start ramping up my listings there. Right now I only have about 30k listings in that marketplace, but if I can figure out the restrictions there and find a better logistics solution I think I can make more money there than in country 1.

So two goals:

1. 400k active listings in country 1
2. Meet Amazon employee responsible for country 2

 

[Mister]

Respect to get to over 1k a week in just a few month

 

[GoldFibre]

Today's Stats​

​

Weekly Goals​

• Meet Amazon employee responsible for country 2: not yet

Temporary Deactivation​

I got one quite large order early in the morning and Amazon temporarily deactivated my account until I confirm some orders. Tomorrow I should be dispatching 8 orders, so I went ahead and confirmed them and the account came back online.

Brand Scraping​

Over a month ago I received a vetted list of ASINs from my account manager. Today I made a pivot table on it to get the most common brands and then added them to my brand scraper. I figure that even if the ASINs aren't on the vetted list, if they are the same brand then they are more likely to be safe.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 0 / 4
• Country 1
  • Account Health: 152 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

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[GoldFibre]

Today's Stats​

​

Weekly Goals​

• Meet Amazon employee responsible for country 2: not yet

Amazon Relationship Work​

I asked for a meeting with the country 2 rep and was told I should get it scheduled by tomorrow.

Brand Scraping​

I'm not getting a lot of ASINs out of scraping the vetted list. I think it's likely because this list has already been provided to all my competitors and the listings are competitive. I was getting more out of my strategy of listing more of the brands I already list without any issue, so I think I'll go back to that to try to catch up.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 0 / 4
• Country 1
  • Account Health: 152 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[AceVentures]

Cool concept - arb bot that helps connect buyers to sellers who might not have traditionally found each other. Is the idea that once your systems are up and running without getting blocked within given API constraints that you would be making purely passive income arbing listings without having to steer it?

What's the vision for where you take this project?
What is it's potential?

Seems like you've got good skills. I naively wonder if you're chasing an increasingly thinner slice from the value that's ultimately exchanged between buyer and seller.

 

[GoldFibre]

Is the idea that once your systems are up and running without getting blocked within given API constraints that you would be making purely passive income arbing listings without having to steer it?

What's the vision for where you take this project?
What is it's potential?

Currently takes me about 2 minutes of work to fulfill each order. Yesterday I had four orders for $101 in profit. That's 8m of work = $757 per hour.

So that's pretty passive already. I can automate some more of the process and I could even hire someone to handle fulfillment once the volume is large enough to make it completely passive.

The main way to scale up is to increase the number of listings in the catalog. At ~170k active listings I was making about $700 per week in profit. I can definitely manage between 1-2m listings with the current API limitations, and there are creative ways to go bigger. Plus I haven't fully leveraged country 2 and possibly other countries in the future, which is another multiplying effect.

Lowering costs on international transport is also possible once volume increases, which would increase my margin.

I'm not making any predictions on the potential, but based on the above I think that it's worth pursuing.

 

[GoldFibre]

Today's Stats​

​

Weekly Goals​

• Meet Amazon employee responsible for country 2: not yet

Amazon Relationship Work​

I spoke with my account manager over the phone and made a bit of progress on some topics.

Updated Offer Rules​

My offer count slowly drops over time because I remove my offer if any competitor goes lower than me. But I think for now this is a bit too strict, so I removed that rule. I then went and found all the offers that were removed because of this rule and started re-uploading them.

I still have another rule that excludes offers if I am more than 30% higher than a competitor and I might adjust that percentage based on what I see from this rule change.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 1 / 4
• Country 1
  • Account Health: 152 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Today's Stats​

​

Weekly Goals​

• Meet Amazon employee responsible for country 2: scheduled for Friday

Amazon Relationship Work​

I set up a meeting with the country 2 expert on Friday.

Dangerous Goods​

I got three recent orders for items that are likely considered DG by the airlines and I will have to cancel them. I'm thinking I will just exclude all liquid items since it is hard for me to determine what is DG and not.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 1 / 4
• Country 1
  • Account Health: 152 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

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[msufan]

Today's Stats​

View attachment 51823​

Weekly Goals​

View attachment 51825

• Meet Amazon employee responsible for country 2: scheduled for Friday

Amazon Relationship Work​

I set up a meeting with the country 2 expert on Friday.

Dangerous Goods​

I got three recent orders for items that are likely considered DG by the airlines and I will have to cancel them. I'm thinking I will just exclude all liquid items since it is hard for me to determine what is DG and not.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 1 / 4
• Country 1
  • Account Health: 152 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

I don't know why this thread is so interesting to me, but I really get a kick out of these updates. You have definitely got to figure out how to prune out more stuff but if you get the algorithm honed in, this is huge.

 

[GoldFibre]

Today's Stats​

​

Weekly Goals​

• Meet Amazon employee responsible for country 2: scheduled for Friday

Dangerous Goods​

I found an explicit attribute for hazmat and an attribute for 'contains liquid contents' in the SP API and then added logic to my bot to exclude these, since they are likely to result in canceled orders when the airline rejects them.

Late Consol​

A consol with 7 orders on it is late because my vendor has a dispute with their clearing agent, who is refusing to release it from customs. I called the CEO and he is doing everything possible to resolve it, so I hope I will be able to dispatch these soon without an account penalty.

New Listings​

I didn't have the time to research new brands to use for adding listings, so I dropped in my full list of brands I've already gone through over the past couple of days. After a full day of running it only went up 3k.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 1 / 4
• Country 1
  • Account Health: 156 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Today's Stats​

​

Weekly Goals​

• Meet Amazon employee responsible for country 2: done

Country 2 Meeting​

I had my first meeting with the rep at Amazon responsible for country 2. I learned a few things and was promised support on safely expanding my catalog there.

One of the first things is a list of product types that are 'generally safe' to list. I should have this by Monday and will follow up on that day.

I was told that clothing is usually safe, so I went and took a few clothing product types and whitelisted them in my country 2 logic. I'll let it run overnight to see if any big account health issues come up.

New Listings​

Since I filtered out hazmat and liquid goods my total active listings actually went down by about 3k today. But if it saves me from several canceled orders per week, it is worth it.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 2 / 4
• Country 1
  • Account Health: 156 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Today's Stats​

​

Weekly Goals​

• Meet Amazon employee responsible for country 2: done

Country 2 Listing Ramp-Up​

I used some of the information I got from my meeting yesterday to whitelist some product types. Then I updated country 2 for those product types specifically and took the active listings from 30k to over 120k.

This got me really close to my goal of 400k for the week. It will probably go over that tonight.

Ideas for Next Week​

I had some time to think today and tried to come up with improvement ideas for next week:

• In general I need to keep increasing listings. Maybe I will target 500k
• Adjust shipping cost calculation for country 2 since I switched vendors to something cheaper but never nailed down the price
• Get the white-listed product types from my country 2 account manager
• Try to automate competitive research to get new brands to add to my catalog
• Add more API keys to my app
• Analyze reasons why I'm deleting products from the catalog and think about solutions
• Remove some blacklist words that are too strict and then refresh those offers

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 2 / 4
• Country 1
  • Account Health: 156 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 144 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Weekly Update​

I was hoping to go over 1k USD this week but it didn't work out. I got close to my target of 400k listings and should probably hit it overnight. The main way to scale is to increase my listings, so I will have another goal for that in the coming week.

I can also lower my prices to country 2, I just need to pin down one guy at my vendor and make him give me a rate. Alternatively I can negotiate with another vendor where I currently have an expensive quote. Once I have a lower rate, I will put that into my formula and it will lower the prices. I think this is important because my rate of sales is quite a bit lower in country 2.

On the Amazon relationship front I want to meet the person responsible for Amazon Ads and pick their brain to see if there is a way for me to operate on the platform without getting blocked, as I am now.

Three goals for week 42:

1. 500k active listings across both countries
2. Lower cost to country 2
3. Speak with Amazon Ads person

 

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[GoldFibre]

Today's Stats​

​

Weekly Goals​

I let my bot run on a list of brands that have a lot of ASINs and nearly hit my goal for the week within the first day. I don't think I have enough brands like this to continue the trend for the entire week, but we will see where we get to. Hopefully this increase in listings translates to more sales like I hypothesized.

• Lower cost to country 2: not done

I reached out to both my current vendor and one other possible vendor I know. I didn't get a reply yet, likely since it is the weekend. I will follow up with them both tomorrow morning.

• Speak with Amazon Ads person: not done

No action on this one but will email tomorrow morning and ask for the meeting.

Slow Sales Day​

It was the slowest day for sales for quite some time despite having nearly double the active listing I had a week ago. I kept checking my featured offer eligibility to see if it was gone, but the account is normal. I guess I will chalk it up to random chance unless the lull continues for another day or two.

Cost Estimate Verification​

I checked some of my previous sales of clothing along with what I expected the international shipping to be vs what it actually was. It turns out that I was over-estimating by a good margin. However, clothing is small and light, so the international shipping only makes up about 10% of the overall cost.

I'm going to do a bit more investigation to see if I can make my estimates more accurate, and then combined with negotiating a better rate with my vendor, maybe I can lower the overall cost by another 5% without sacrificing any margin.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 2 / 4
• Country 1
  • Account Health: 156 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Today's Stats​

​

Weekly Goals​

• 500k Active Listings: done

The bot kept running on various brands in my list and added a lot more listings to both countries.

• Lower cost to country 2: done

I followed up with both vendors, but didn't get a reply. However, since I know my actual cost is lower but don't actually have the number in-hand, I applied a discount to my calculation anyway. I lowered my cost 20% because I suspect that my actual cost is much lower than this. Once I get the actual rates I will adjust again.

• Speak with Amazon Ads person: not done

I followed up with my account manager, but they were on leave, so I should get a reply tomorrow.

Country 2 Product Types​

My account manager for country 2 came through for me and gave me a list of product types that are relatively safe. Since I made a product type whitelist function recently, I only had to copy and paste the values in to start adding them to my catalog.

Cost Estimate Adjustment​

I found that international shipping for clothing is much more accurate (and lower) at gross weight than chargeable weight, so I added a list of 'flattenable' product types that exclude volumetric weight from the calculation.

I also saw that I was calculating international based on my first kilo rate, but it will be more accurate at my subsequent kilo rate, which is lower.

So overall I lowered prices a bit, mostly on clothing. I guess it will come to about 4-5% lower than before.

Too Many Sales​

My account got temporarily restricted again for having 'a spike in orders', but I went through my usual routine of pre-confirming a couple of orders until the restriction disappeared.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 2 / 4
• Country 1
  • Account Health: 156 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Today's Stats​

Weekly Goals​

• 500k Active Listings: done

Listings actually went down in country 1, but went up in country 2 because I'm refreshing some brands that I've already done. I will add some new brands to run overnight and that should boost it a bit.

• Lower cost to country 2: done

Finally got ahold of my current vendor but because we had some customs clearance crisis to deal with, that was the focus of the conversation and not the rates. Once the shipments are cleared I'll return to the topic with him.

• Speak with Amazon Ads person: not done

I spoke with my account manager and she said she will raise an internal ticket for this tomorrow morning.

White Friday Discount​

My account manager asked if I wanted to do a discount during the sale season, which would make my listings more prominent at the cost of lower margins for me. I need to think about it but it might be worth experimenting with a percentage of my catalog and see if it is worth it.

This type of discount cannot be done directly through the seller portal but only with the help of an Amazon employee. So if it can make me an extra 700 USD per month, it will fully cover my paid account support.

Country 3?​

I saw an announcement about another country that I might want to add. I have a few months to prepare but I think it could be a good opportunity. I will start investigating.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 3 / 4
• Country 1
  • Account Health: 152 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[msufan]

Today's Stats​

View attachment 51970

Weekly Goals​

• 500k Active Listings: done

View attachment 51972
Listings actually went down in country 1, but went up in country 2 because I'm refreshing some brands that I've already done. I will add some new brands to run overnight and that should boost it a bit.

• Lower cost to country 2: done

Finally got ahold of my current vendor but because we had some customs clearance crisis to deal with, that was the focus of the conversation and not the rates. Once the shipments are cleared I'll return to the topic with him.

• Speak with Amazon Ads person: not done

I spoke with my account manager and she said she will raise an internal ticket for this tomorrow morning.

White Friday Discount​

My account manager asked if I wanted to do a discount during the sale season, which would make my listings more prominent at the cost of lower margins for me. I need to think about it but it might be worth experimenting with a percentage of my catalog and see if it is worth it.

This type of discount cannot be done directly through the seller portal but only with the help of an Amazon employee. So if it can make me an extra 700 USD per month, it will fully cover my paid account support.

Country 3?​

I saw an announcement about another country that I might want to add. I have a few months to prepare but I think it could be a good opportunity. I will start investigating.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 3 / 4
• Country 1
  • Account Health: 152 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

What would it take for your "account health" numbers to improve?

 

[GoldFibre]

What would it take for your "account health" numbers to improve?

Mostly it will just take time. There are some violations there that can't be removed because I was too slow early on. These will disappear after 180 days.

 

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[GoldFibre]

Today's Stats​

Weekly Goals​

• 500k Active Listings: done

Similar to yesterday, country 1 went down slightly and country 2 went up.

• Lower cost to country 2: done

I had a drink with my vendor and after some chatting about business we found ways that we can help each other. With a single email, he can lower my costs to both country 1 and country 2, and separately he can help me get a logistics setup for country 3. With a tiny bit of effort I can help him to build a paid marketing conversion funnel. Both of us can add tons of value to each other at minimum cost to ourselves. I very rarely have a drink, but this one was worth it.

• Speak with Amazon Ads person: not done

My account manager raised an internal ticket to get me an ad account manager and we should hear back within 24 hours.

Slow Sales Growth​

I feel like sales are about where they were last week despite my catalog being nearly 40% bigger. I can only really think of two reasons:

• The products I'm adding just aren't as performant as the ones I had before
• The products I'm adding could be as performant as the ones I had before, but it takes some time for them to get picked up by Amazon's search

In any case, I still should grow my catalog to the maximum, so I won't worry too much about sales growth unless I'm really stuck at the same level after 10x-ing my catalog.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 3 / 4
• Country 1
  • Account Health: 156 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Today's Stats​

Weekly Goals​

• 500k Active Listings: done

I added some more brands to run overnight and both countries went up slightly.

• Lower cost to country 2: done

I got a second option for country 2 that is actually more expensive but would drastically cut down on transit time. I my have to try it out and see if I will get more sales like that.

• Speak with Amazon Ads person: not done

My account manager didn't get back to me today and I was so busy I completely forgot about it until right now.

Sales Back Up​

Each time I opine about my sales seeming down, they come back the following day pretty big.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 3 / 4
• Country 1
  • Account Health: ??? (At Risk) Looks like this feature got reverted today?
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[Dome]

Amazing Journey!
Do you have any tipps on how to find a good an reliable fullfilment partner? Mostly for repacking? I use amazon as a source for some of my shops products and do the repacking and sending myself. But would love to scale it a little bit more without becoming the warehouse myself.

 

[GoldFibre]

Amazing Journey!
Do you have any tipps on how to find a good an reliable fullfilment partner? Mostly for repacking? I use amazon as a source for some of my shops products and do the repacking and sending myself. But would love to scale it a little bit more without becoming the warehouse myself.

Well, I work in the logistics industry, so I happened to know someone that was willing to take on my SOP despite me having no volume to start with.

I suppose the only thing I would say is to try to build a good relationship with your vendors. I know about five people that work in the warehouse, visit them every so often and stay in touch daily over WhatsApp.

 

[GoldFibre]

Today's Stats​

Weekly Goals​

• 500k Active Listings: done

Didn't add any new brands to the list so we stayed about even.

• Lower cost to country 2: done

• Speak with Amazon Ads person: not done

I checked with my account manager and she said the ticket is still pending and she has escalated.

Remote Access​

I'm going to be traveling for the next few days and don't want to take my main work machine with me because I want the bot to keep running 24/7.

Still, I have to do some work on the machine during this time, so I looked for options for remote mac access and signed up for a free trial of some software.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 3 / 4
• Country 1
  • Account Health: ??? (At Risk) This feature disappeared
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

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[GoldFibre]

Today's Stats​

Most orders ever and maybe about 300 USD profit based on the revenue I can see in the seller portal.

Weekly Goals​

• 500k Active Listings: done

• Lower cost to country 2: done

• Speak with Amazon Ads person: not done

Remote Access​

My remote desktop solution didn't work, so I don't have access to the dev machine and all the statistics and things.

I'm on out of town until Tuesday night, but things should be fine even if I don't have access to the bot.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 3 / 4
• Country 1
  • Account Health: ??? (At Risk) This feature disappeared
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Weekly Update​

Week 42: ~1,100 USD profit

It's the first week over 1k in profit. From the graph I see on the seller portal, I think my orders started trending up about a week after I started increasing my listings, so maybe there is some lag between the two.

Increasing my catalog size remains the key to scaling. Right now I'm getting close to 600k offers across both countries. I will try to find ways to get up to 700k by the end of next week.

I will continue to push to meet someone from Amazon ads.

I also want to start making progress on country 3, even though I have several months. I will research the requirements on the marketplace and figure out if I need to set up a legal entity there.

Three goals for week 43:

1. 700k active listings across both countries
2. Speak with Amazon Ads person
3. Understand legal entity requirements for country 3

 

[GoldFibre]

Today's Stats​

4 orders, ~225 USD profit

Weekly Goals​

• 700k Active Listings: not done

I'm not able to add new brands as my main computer is at home and I'm still away until Tuesday night. But I brainstormed some ideas for expanding the catalog that I will implement once I get back.

• Speak with Amazon Ads person: not done

It's the weekend, so I didn't bug my account manager yet. Will do that tomorrow.

• Understand legal entity requirements for country 3: not done

Again, it's the weekend so I didn't bother anyone. Tomorrow I will go on LinkedIn and try messaging 10 people that work at Amazon there.

Too Many Sales​

For the third time in a week my account was restricted for having too many orders. I confirmed some and made the restriction go away, but I can't help feeling like this impacts the sales even if it is only down for a few minutes.

I'm going to try to be more proactive in confirming orders earlier so I can hopefully avoid this issue more.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 3 / 4
• Country 1
  • Account Health: ??? (At Risk) This feature disappeared
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes

 

[GoldFibre]

Today's Stats​

~120 USD profit

Weekly Goals​

• 700k Active Listings: not done

I'm not able to add new brands as my main computer is at home and I'm still away until Tuesday night.

I did take some time to research brands to add and came up with a list of about 30. I'll add these once I get home tomorrow.

• Speak with Amazon Ads person: not done

Forgot to bug my account manager. Was enjoying my vacation too much.

• Understand legal entity requirements for country 3: not done

I looked for some people on LinkedIn but didn't come up with much. Maybe going through my account manager will be the best course of action.

Account Health​

• Relationship Work (October)
  • Amazon Office Visits: 2 / 1
  • Account Manager Phone Calls: 3 / 4
• Country 1
  • Account Health: ??? (At Risk) This feature disappeared
  • Account Active: Yes
  • Featured Offer Eligibility: Yes
• Country 2
  • Account Health: 168 (At Risk)
  • Account Active: Yes
  • Featured Offer Eligibility: Yes