When Your Private Label Product Sells Out Of Stock On Amazon (GOOD Or BAD)
Published on: November 30 2022 by Carter Maxwell
When Your Private Label Product Sells Out Of Stock On Amazon (GOOD Or BAD)
When Your Private Label Product Sells Out Of Stock On Amazon (GOOD Or BAD)
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00:00:00 | 00:00:04 | what's up guys in this video I'll be |
00:00:01 | 00:00:07 | going over what exactly you should do if |
00:00:04 | 00:00:10 | your private label products sells out of |
00:00:07 | 00:00:11 | stok when selling on Amazon FBA is that |
00:00:10 | 00:00:14 | a good problem is a bad problem I'm |
00:00:11 | 00:00:15 | gonna let you know right after this so |
00:00:14 | 00:00:18 | if you don't know me already |
00:00:15 | 00:00:20 | my name is Carter Maxwell I'm a 17 year |
00:00:18 | 00:00:22 | old entrepreneur and oh by the nickname |
00:00:20 | 00:00:23 | of the high school hustler and if you're |
00:00:22 | 00:00:25 | trying to create an online business and |
00:00:23 | 00:00:26 | make money while you sleep |
00:00:25 | 00:00:28 | then this is the channel for you so go |
00:00:26 | 00:00:30 | ahead and hit that subscribe button so |
00:00:28 | 00:00:33 | when it comes to a private labeling on |
00:00:30 | 00:00:35 | Amazon FBA you're bound to make mistakes |
00:00:33 | 00:00:38 | especially as a rookie and I made Ricki |
00:00:35 | 00:00:41 | mistakes as well it can be anywhere from |
00:00:38 | 00:00:43 | like picking a bad product not |
00:00:41 | 00:00:45 | optimizing your listing not getting high |
00:00:43 | 00:00:46 | quality pictures not getting a very good |
00:00:45 | 00:00:49 | description it could be any of those |
00:00:46 | 00:00:51 | things but a very very common thing is |
00:00:49 | 00:00:54 | to actually sell out of your product now |
00:00:51 | 00:00:56 | this is a really debatable topic because |
00:00:54 | 00:00:58 | some people don't know it's a good |
00:00:56 | 00:01:01 | problem is it a bad problem so I'm gonna |
00:00:58 | 00:01:03 | kind of go over what exactly I think in |
00:01:01 | 00:01:05 | my personal opinion if it is good or if |
00:01:03 | 00:01:07 | it is bad oh I'm gonna put this out |
00:01:05 | 00:01:10 | there right now if you're probably label |
00:01:07 | 00:01:13 | product sells out on Amazon it is both a |
00:01:10 | 00:01:15 | good and a bad problem so let me tell |
00:01:13 | 00:01:18 | you exactly why first off it's a good |
00:01:15 | 00:01:20 | problem to have because you've obviously |
00:01:18 | 00:01:23 | found a product that sells that can make |
00:01:20 | 00:01:26 | you money and obviously it's gonna sell |
00:01:23 | 00:01:28 | on Amazon if you have it in stok um so |
00:01:26 | 00:01:31 | if you were to actually sell out of your |
00:01:28 | 00:01:32 | product just go ahead and make a reorder |
00:01:31 | 00:01:34 | for that product and try to get it back |
00:01:32 | 00:01:37 | in stok as quick as you can |
00:01:34 | 00:01:39 | now if it's a good problem then how is |
00:01:37 | 00:01:42 | have been a bad problem old it being a |
00:01:39 | 00:01:44 | bad problem is you're out of stok your |
00:01:42 | 00:01:47 | BSR which is your best sellers rank |
00:01:44 | 00:01:49 | which basically helps Amazon it helps |
00:01:47 | 00:01:51 | you determine how well your product is |
00:01:49 | 00:01:53 | selling through your best sellers rank |
00:01:51 | 00:01:54 | and obviously the lower sales rank that |
00:01:53 | 00:01:56 | you have the more often your product |
00:01:54 | 00:01:59 | sells the better your listing is gonna |
00:01:56 | 00:02:01 | be ranked so when you're out of stok |
00:01:59 | 00:02:04 | you're not selling any products to your |
00:02:01 | 00:02:07 | BSR is only going to go up you're only |
00:02:04 | 00:02:08 | going to not convert bars and people go |
00:02:07 | 00:02:10 | to your listing you're going to be out |
00:02:08 | 00:02:11 | of stok your conversion rates are gonna |
00:02:10 | 00:02:13 | go down |
00:02:11 | 00:02:15 | obviously want to spend any ad money |
00:02:13 | 00:02:18 | because you don't have anything to sell |
00:02:15 | 00:02:20 | but once you're out of stok you're BSR |
00:02:18 | 00:02:22 | is once again it's going up which means |
00:02:20 | 00:02:25 | you're not selling you're falling back |
00:02:22 | 00:02:27 | farther in the rankings and if you can |
00:02:25 | 00:02:30 | get if you're only out of stok for say |
00:02:27 | 00:02:32 | like three four like five days max I |
00:02:30 | 00:02:33 | might say you're fine just try to get |
00:02:32 | 00:02:35 | the product back in stok as quick as |
00:02:33 | 00:02:39 | you can and hopefully you placed a |
00:02:35 | 00:02:41 | reorder as quick as you can also if it |
00:02:39 | 00:02:42 | takes a couple of weeks like for some |
00:02:41 | 00:02:45 | reason if your product like you ship |
00:02:42 | 00:02:47 | oversea which I don't do for any of my |
00:02:45 | 00:02:48 | products every one of my products I make |
00:02:47 | 00:02:50 | sure they're small enough and cheap |
00:02:48 | 00:02:53 | enough to where I can air shipped into |
00:02:50 | 00:02:55 | my house so usually the turnaround time |
00:02:53 | 00:02:58 | from me and my products is usually I'll |
00:02:55 | 00:03:01 | place an order depending on the quantity |
00:02:58 | 00:03:04 | it'll take anywhere from I say five to |
00:03:01 | 00:03:07 | seven days to produce once they ship it |
00:03:04 | 00:03:10 | after about seven days and then usually |
00:03:07 | 00:03:12 | they'll ship it around DHL now FedEx UPS |
00:03:10 | 00:03:15 | and that takes anywhere from around |
00:03:12 | 00:03:18 | three to seven days max to actually come |
00:03:15 | 00:03:20 | straight to my door and then the time it |
00:03:18 | 00:03:22 | takes me to them package and send it the |
00:03:20 | 00:03:24 | Amazon is about four or five days |
00:03:22 | 00:03:27 | because Amazon kind of takes a long time |
00:03:24 | 00:03:30 | to scan the stuff in but usually ship |
00:03:27 | 00:03:34 | down on a Monday I'd expect the product |
00:03:30 | 00:03:36 | to be live again on a Friday or Saturday |
00:03:34 | 00:03:39 | depending on the location is or |
00:03:36 | 00:03:40 | depending on where you're sending or to |
00:03:39 | 00:03:41 | what warehouse in what location you're |
00:03:40 | 00:03:44 | sending it to |
00:03:41 | 00:03:47 | so either way my turnaround time is just |
00:03:44 | 00:03:50 | above about twelve to thirteen days so |
00:03:47 | 00:03:52 | if I know I'm about to sell out I need |
00:03:50 | 00:03:53 | to get make sure my product is in stok |
00:03:52 | 00:03:55 | because also when you're out of stok |
00:03:53 | 00:03:57 | that's a lot of potential money that |
00:03:55 | 00:03:59 | you're missing out on you have to |
00:03:57 | 00:04:02 | rebuild back your listing rebuild back |
00:03:59 | 00:04:03 | your rank and it's just it's not a it's |
00:04:02 | 00:04:05 | not big mess but it's just really |
00:04:03 | 00:04:07 | inconvenient in but I know as a new |
00:04:05 | 00:04:10 | seller and some with a low budget um |
00:04:07 | 00:04:11 | sometimes you're not always able to keep |
00:04:10 | 00:04:13 | your product in stok especially if it's |
00:04:11 | 00:04:16 | selling like really really hot like if I |
00:04:13 | 00:04:18 | had some products in the past but I mean |
00:04:16 | 00:04:20 | it's never it's never a bad promise |
00:04:18 | 00:04:22 | never a good problem it's obviously it's |
00:04:20 | 00:04:24 | more good because you've honestly found |
00:04:22 | 00:04:24 | a product that sells you just need to |
00:04:24 | 00:04:26 | make sure you keep it in |
00:04:24 | 00:04:28 | makes you have some different cash flow |
00:04:26 | 00:04:29 | that you can use for that product and |
00:04:28 | 00:04:32 | let me tell you guys I'm recording this |
00:04:29 | 00:04:33 | early September mid September and I just |
00:04:32 | 00:04:35 | ran out of stok on one of my products |
00:04:33 | 00:04:37 | as it wasn't paying attention really |
00:04:35 | 00:04:39 | well but I should only be out of stok |
00:04:37 | 00:04:41 | about four three or four days I think |
00:04:39 | 00:04:44 | but I just placed a gigantik order |
00:04:41 | 00:04:47 | around $4,000 I think to keep that |
00:04:44 | 00:04:49 | product in stok but I mean guys q4 is |
00:04:47 | 00:04:51 | coming up I'll make a video later on |
00:04:49 | 00:04:54 | this but if you don't know what q4 is |
00:04:51 | 00:04:57 | its last three months of the year when |
00:04:54 | 00:04:59 | sale is just 2 X 3 X 5 X depending on |
00:04:57 | 00:05:02 | what product you're selling right now |
00:04:59 | 00:05:04 | some of my products are sown 2030 units |
00:05:02 | 00:05:07 | a day I'd expect them to do around 50 60 |
00:05:04 | 00:05:09 | a day possibly kind of getting to some |
00:05:07 | 00:05:12 | of those holiday peak times anyways |
00:05:09 | 00:05:14 | that's it for this video I hope you guys |
00:05:12 | 00:05:15 | enjoyed it because I know a lot of |
00:05:14 | 00:05:16 | people actually run into this problem |
00:05:15 | 00:05:19 | especially when they first find their |
00:05:16 | 00:05:20 | successful private label product and if |
00:05:19 | 00:05:21 | you're run out of stok it's now at the |
00:05:20 | 00:05:22 | end of the world just make sure you |
00:05:21 | 00:05:24 | place the reorder as quick as you can |
00:05:22 | 00:05:26 | and get it back in stok anyways if you |
00:05:24 | 00:05:28 | enjoyed this video please feel free to |
00:05:26 | 00:05:30 | comment loath any questions in our video |
00:05:28 | 00:05:32 | ideas you would like to see in the |
00:05:30 | 00:05:34 | future also number to Like and subscribe |
00:05:32 | 00:05:36 | as I'm always giving away different tips |
00:05:34 | 00:05:38 | and tricks on how to make money online |
00:05:36 | 00:05:40 | you know that note I will see you guys |
00:05:38 | 00:05:40 | next video |
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