why you're losing Amazon sales. Number one,
Speaker:lack of trust for your brand or product. This is
Speaker:a no-brainer. Build trust with your consumers and see
Speaker:your sales skyrocket. Number two, product reviews and
Speaker:ratings. As you can appreciate, if your product has more
Speaker:positive reviews and ratings than a competitor, the chances
Speaker:are that your product is going to sell above the competitor. That's why
Speaker:it's so important to get number three, inaccurate product information.
Speaker:One thing you can add into your listing is something like the
Speaker:dimensions of the product. You should also take advantage of...
Speaker:I'm Matthew Fraser. And this is Amazon Ecom
Speaker:Secrets. I'll be sharing with you the secrets that helped me go from
Speaker:millions in debt to an eight-figure entrepreneur. If
Speaker:you're ready to escape the nine-to-five and live life on your terms,
Speaker:let me show you the way. The 10 reasons why you're
Speaker:losing Amazon sales. Number one, high
Speaker:shipping costs. Some people like to
Speaker:charge for shipping, but I can tell you that most customers hate
Speaker:paying for shipping. And as sellers, we have to
Speaker:try and make our offer as attractive to the
Speaker:consumer as possible. And one of those things we can do is offer
Speaker:free shipping. Now, when you're on the Amazon platform, if
Speaker:you have your products in FBA, fulfilled by Amazon, One
Speaker:of the offers that Amazon provides to their prime customers
Speaker:is free shipping. So by having your
Speaker:products in Amazon FBA, you could also offer that
Speaker:free shipping for consumers as well. And in turn, hopefully
Speaker:get higher conversions, high profits for
Speaker:your business. If you don't do FBA and you're having to charge
Speaker:for shipping, one strategy is to have a higher retail
Speaker:price for your product. which therefore includes the cost
Speaker:of shipping. So the consumer thinks they're getting it for free, but really
Speaker:you've upped the price and factored it into your retail price. Now,
Speaker:the negative with that is that, of course, you've got
Speaker:a higher retail price, and if you're selling a product that is in competition
Speaker:with other products that are very similar, then you might
Speaker:find that you lose sales at the end of the day. So you've
Speaker:got to weigh it up, which one's better, have it in FBA and
Speaker:have zero shipping cost or don't have it in FBA, have
Speaker:a shipping cost or higher retail price, but
Speaker:perhaps lower sales. Number two, long
Speaker:shipping times. As you can appreciate, consumers hate
Speaker:waiting for their product. In Australia, we've kind of
Speaker:become accustomed to waiting up to a week to two weeks
Speaker:for products, but I think a lot of online
Speaker:retailers in Australia have gotten better. I know I just bought
Speaker:some sneakers the other day from Foot Locker. It arrived within two days.
Speaker:A lot of other items also can arrive within one to two days
Speaker:as well from the high selling retailers, online retailers.
Speaker:But unfortunately, there's still people in Australia that take a long time
Speaker:for shipping. The reason why they do that is because
Speaker:it costs less money. So they're trying to make more money by
Speaker:offering a longer shipping service.
Speaker:But you might find that if you offer a faster
Speaker:shipping service and including free shipping, you ultimately
Speaker:may sell more products. So you may increase, double or
Speaker:triple your revenue because you're
Speaker:offering such a great shipping service. So relating to
Speaker:Amazon, when you are using the Amazon FBA program,
Speaker:Amazon is taking care of the shipping for you. That's one of the advantages of actually even being
Speaker:on Amazon as a seller in the first place is because it takes away the shipping issues
Speaker:for you. Now, of course, as an Amazon Prime member,
Speaker:meaning the consumer is a Prime member, they can have free shipping. And
Speaker:Amazon also provides different options for the
Speaker:customer. So it might be free shipping. If they're not a Prime member,
Speaker:they might offer a cost-based shipping service, and
Speaker:it might vary between expedited and standard. And it's then up
Speaker:to the consumer to decide how fast they want the
Speaker:product to arrive to their home based on the costs. Number
Speaker:three, unclear return policy. You
Speaker:know when you're going to a website and you're not sure if you can
Speaker:return a product if it's faulty or if you don't like it
Speaker:or if it doesn't fit right, you probably just won't buy the
Speaker:product in the first place because you don't want the hassle of having to return it
Speaker:if you need to. That could be a big problem for you. Now,
Speaker:within Amazon, Amazon have a very clear return policy
Speaker:and that's why they sell so many products because they
Speaker:built up so much trust with the customer. Now
Speaker:with Amazon, generally speaking, you can return the policy within
Speaker:30 days without any questions asked. So as Amazon is offering a
Speaker:30-day return policy for most items on their
Speaker:platform, This is so easy for sellers
Speaker:because now you don't have to deal with it. Amazon
Speaker:will facilitate the entire return process and
Speaker:refund if it's applicable on your behalf. Number four,
Speaker:inaccurate product information. As you
Speaker:can appreciate, if your product is not described correctly,
Speaker:it's going to be a big problem because then you're going to get more returns,
Speaker:especially once the customer receives something and if it's the wrong color, the
Speaker:wrong size. So one thing you can add into your
Speaker:listing is something like the dimensions of the product. Now
Speaker:something I've seen before is if you're selling on the USA platform,
Speaker:you want to make sure that your dimensions that you've listed for the product
Speaker:are in inches. I see this all the time. Australian sellers
Speaker:often put it in centimeters, but Americans think in inches. So
Speaker:that is something that you should definitely not make the mistake of doing because
Speaker:you're trying to cater for that particular market and make
Speaker:it simple for them to know the product size. This
Speaker:in turn makes it simple for them to make a choice about buying your product. The
Speaker:other thing you should do is have the best photos you
Speaker:can possibly have. I always say to people, look, people
Speaker:aren't going to a store to pick up your product and touch it
Speaker:and have a feel of it. If it's online, the only way they
Speaker:can tell if they like the product is through the images.
Speaker:So you want to have the best images possible. And
Speaker:if you're someone who also has brand registry on the Amazon platform, you
Speaker:should also take advantage of using the video content.
Speaker:The video content is going to take one step further
Speaker:in helping the customer decide if this is the right product because
Speaker:you can also then have people using your product
Speaker:in the right context. It really helps increase your sales. One
Speaker:of my tips for photographs is
Speaker:don't be cheap. I see so many people try
Speaker:and take photographs of their product with
Speaker:their iPhone at home. They might be okay,
Speaker:but I can tell you, if you use a professional photographer,
Speaker:they are going to take your product to the next level. The
Speaker:other thing you could consider, and I've done this myself, is have
Speaker:your product digitally created. Therefore,
Speaker:it doesn't need photography, but the image is
Speaker:crystal clear and is very, very
Speaker:beneficial for the customer. Hey guys, I just want to break away from the episode for just
Speaker:one moment and let you know that I've just launched the Amazon Launchpad Mini
Speaker:Course. Now, this is designed for people who want to get started on Amazon
Speaker:really, really fast. But guess what? I can get you launched your first product on
Speaker:Amazon with just five hours. You just have to click on the link below, join
Speaker:my community, and the course is absolutely free. All right, thanks
Speaker:guys, and back to the episode. Number five, product reviews
Speaker:and ratings. As you can appreciate, if your product
Speaker:has more positive reviews and ratings than
Speaker:a competitor, the chances are that your product
Speaker:is going to sell above the competitor. People love to
Speaker:have third party endorsements to know if your product is the
Speaker:right one to buy. Because as you can appreciate, they can't touch
Speaker:it and they can't hold it up. They can only
Speaker:know if the product is good or bad by the reviews
Speaker:that are left by other third-party buyers. That's
Speaker:why it's so important to get as many five-star reviews on
Speaker:your product as possible. Now, you can do this by encouraging the
Speaker:satisfied customers to leave positive reviews, but be careful on
Speaker:Amazon. It must meet Amazon's Terms of Service.
Speaker:You can find yourself unstuck if you go outside those
Speaker:Terms of Service by either demanding or only
Speaker:requesting positive reviews only. This
Speaker:also gives you a chance though if you can deal with the customer to address any
Speaker:negative feedback in a professional way and improve products
Speaker:based on customer input. One of the
Speaker:ways to increase your review count is to
Speaker:pay for advertising on the Amazon platform, which is called PPC or
Speaker:pay-per-click. So, if you can pay for
Speaker:more people to buy your product, you're more likely to
Speaker:get more reviews. Now, the current statistic is
Speaker:for every 100 sales you make, you'll get two or
Speaker:three product reviews. Now, that doesn't mean that they're guaranteed
Speaker:five-star reviews. You have to make sure that the product is already five
Speaker:stars before you can get a five-star review. But
Speaker:at least it's one step further to helping building, to
Speaker:help build but at least that's
Speaker:one step further to help build your product rating count. And
Speaker:ultimately, the more product reviews or ratings that
Speaker:you get, the more sales you'll do. Let
Speaker:me start that again. But ultimately, the more positive
Speaker:reviews and ratings you get, the more sales you'll do.
Speaker:Number six, lack of incentives. Now, incentives can
Speaker:be promotions, discounts, bundle deals, anything
Speaker:really to try and attract the customer to buy your product.
Speaker:If you're finding that you're just stuck, if you're selling a product for say $50 and
Speaker:it is just not moving, try to offer a
Speaker:coupon discount or just a percentage discount, something
Speaker:to incentivize the customer to buy your product, you
Speaker:will find that at some price point it will sell, whether that's
Speaker:$10, which I hate to say, but hopefully it's closer to
Speaker:$40 or $50. But whatever price point that is, you'll find there
Speaker:will be a conversion point. Now hopefully, for you,
Speaker:the conversion point is higher up the scale
Speaker:so you can actually make a profit. But it also comes down to
Speaker:how many product reviews you have and how many five-star reviews
Speaker:you have. That will also help you make more sales. Now
Speaker:you can also, within the Amazon platform, you can use Amazon's promotional
Speaker:tools to help create deals and special offers. And keep
Speaker:in mind that Amazon will also ask you and
Speaker:remind you if you want to make a special deal for big, big
Speaker:promotions like Cyber Monday or Black Friday,
Speaker:which is huge on the Amazon platform. Number seven.
Speaker:Product availability issues. Now to make sure your
Speaker:product is in stock, it comes down to product inventory management.
Speaker:Making sure that you're ordering enough stock to last a
Speaker:particular period before you've got to reorder new stock. You
Speaker:want to have a crossover period during your orders and allow for
Speaker:delays. Delays in shipping, delays in production at the factory
Speaker:because I can tell you, delays always happen.
Speaker:So give yourself a good gap of crossover
Speaker:to make sure that you never run out of stock. And in turn, you'll keep your
Speaker:sales ranking and keep happy customers. Number
Speaker:eight, high minimum order quantities. Now,
Speaker:it surprises me that some sellers would even do this, but it is
Speaker:true. Some sellers put in place a minimum order
Speaker:quantity for consumers. And I've got a story just
Speaker:that came across my desk today of someone who went
Speaker:to buy a particular product, but decided not to
Speaker:buy the product because The seller required the
Speaker:person to buy 10 of the items, and
Speaker:she only wanted two. So she couldn't just buy two single items, had to
Speaker:buy 10. And so what happened? They just didn't buy them all because they didn't
Speaker:want to be left with eight products lying around that they didn't even want. So
Speaker:make sure your minimum order quantity is set to one.
Speaker:Number nine, inadequate customer support. Now,
Speaker:admittedly, when you sell on Amazon, the Amazon customer service
Speaker:team is going to take care of most of the service to do with your
Speaker:customer. such things as shipping out the product and
Speaker:looking after any returns or refunds. However, there may be
Speaker:things that come up along the way, either it be a faulty product
Speaker:and maybe they reach out to you directly because you've got your
Speaker:company email address on the package or on
Speaker:the insert of the product. they will reach out to you with their issue.
Speaker:Make sure you respond to them and offer a great customer
Speaker:service experience because in turn you want that customer to
Speaker:leave a positive review on the
Speaker:Amazon marketplace. So don't think that because Perhaps
Speaker:you're not dealing with the customer through Amazon that somehow
Speaker:they can't come and leave a review for you because they can. And
Speaker:the review equals money. Number 10, lack
Speaker:of trust for your brand or product. Now, this
Speaker:seems obvious, but you ultimately want to build up a
Speaker:strong trust relationship with the consumer. Ideally,
Speaker:you want consumers to come back and buy from you over and over
Speaker:again. So having things on the Amazon platform like
Speaker:amazing images, amazing bullet points
Speaker:and descriptions, great promotions, and
Speaker:great reviews from other consumers is ultimately going
Speaker:to help build trust of your product and
Speaker:your brand and in turn, get people talking about
Speaker:your brand and product across the internet and their friends to
Speaker:help you build your sales. This is a no-brainer. Build
Speaker:trust with your consumers and see your sales skyrocket.
Speaker:So guys, that wraps up the top 10 reasons why you're
Speaker:possibly losing sales on the Amazon platform. If you want access to
Speaker:those top 10 reasons, be sure to check out the
Speaker:show notes below. And in the comments, if you think
Speaker:I've missed anything as perhaps why your product is not
Speaker:selling. Thanks for tuning into Amazon Ecom Secrets. If
Speaker:you enjoyed this episode, the best way to show your support is
Speaker:to give a five-star review on Apple Podcast and Spotify and
Speaker:make sure to subscribe on YouTube so you don't miss an
Speaker:episode. You can also find more at I'm
Speaker:Matthew Fraser on all social media platforms. Thanks