inventory – EcomCrew https://www.ecomcrew.com Start and Grow Your Ecommerce and Amazon Business Tue, 05 Sep 2023 04:15:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://www.ecomcrew.com/wp-content/uploads/2018/01/favicon-36x36.png inventory – EcomCrew https://www.ecomcrew.com 32 32 An eCommerce podcast for store owners, hosted by 7-figure store owners Mike Jackness and Dave Bryant. We cover everything in eCommerce from Shopify, to Amazon FBA. From email marketing, to Facebook Ads. Never before has there been a podcast with store owners who are so candid. Subscribe to the EcomCrew podcast today! Mike Jackness clean Mike Jackness jackness@mac.com jackness@mac.com (Mike Jackness) 2019 EcomCrew The EcomCrew Ecommerce Podcast inventory – EcomCrew http://static.libsyn.com/p/assets/e/d/b/9/edb97b89fcf18835/ecomcrewpodcastmikedavepic.jpg https://www.ecomcrew.com support@ecomcrew.com San Diego, CA Twice Weekly 226445030 Amazon Updates Automatic Inventory Removals to Make Room for Prime Day https://www.ecomcrew.com/fba-purges-old-inventory/ https://www.ecomcrew.com/fba-purges-old-inventory/#respond Thu, 24 Mar 2022 13:44:58 +0000 https://www.ecomcrew.com/?p=21862 In a recent announcement, Amazon made changes to its automated inventory removal feature, which largely affects third-party seller inventory stored in FBA that are slow moving or are not selling that well. Beginning April 15, 2022, the following inventory will be removed automatically: Units that have been in fulfillment centers for more than 365 days …

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]]> https://www.ecomcrew.com/fba-purges-old-inventory/feed/ 0 21862 Guide to Avoiding Section 301 of Trump’s China Tariffs https://www.ecomcrew.com/trumps-china-tariffs/ https://www.ecomcrew.com/trumps-china-tariffs/#comments Sat, 15 Jan 2022 18:00:50 +0000 /?p=12502 A very good percentage of people who read this blog are importers from China who are selling in America. Starting August 23, 2018, the Trump Administration put additional tariffs on $16 billion worth of products. It escalated to the point that on May 10, 2019, nearly half of all goods that America imports from China …

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]]> https://www.ecomcrew.com/trumps-china-tariffs/feed/ 64 12502 E257: What does the latest tariff increase mean for your ecommerce business? https://www.ecomcrew.com/e257-what-does-the-latest-tariff-increase-mean-for-your-ecommerce-business/ https://www.ecomcrew.com/e257-what-does-the-latest-tariff-increase-mean-for-your-ecommerce-business/#comments Thu, 13 Jun 2019 13:00:01 +0000 http://www.ecomcrew.com/?p=15416 Dave’s back on the podcast with me to talk about one of our favorite topics (insert sarcasm) – tariffs. Specifically, the latest tariff increase. As anyone caught in this plight will know, the US and Chinese governments have reached another impasse in the ongoing trade talks. This resulted in the Trump administration raising tariffs from …

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]]> https://www.ecomcrew.com/e257-what-does-the-latest-tariff-increase-mean-for-your-ecommerce-business/feed/ 2 Dave’s back on the podcast with me to talk about one of our favorite topics (insert sarcasm) – tariffs. Specifically, the latest tariff increase. As anyone caught in this plight will know, the US and Chinese governments have reached another impasse in ... The US and Chinese governments have reached another impasse in the ongoing trade talks. As a result, the Trump Administration has increased tariffs on $200 billion Chinese imports from 10% to 25% effective May 10th. <br /> <br /> Mike and Dave team up to discuss the implications of this change on the economy and on small ecommerce businesses.<br /> Mike Jackness clean 49:09 15416 Episode 26: Sourcing Inventory From China and the US, Part Three https://www.ecomcrew.com/episode-26-sourcing-inventory-from-near-and-far-part-three/ https://www.ecomcrew.com/episode-26-sourcing-inventory-from-near-and-far-part-three/#comments Thu, 05 May 2016 14:00:10 +0000 /?p=1157 Today’s episode is the third and final installment of our series on domestic and international supplying. We have talked about shipping in both the United States and from overseas. We have also talked about the politics involved in overseas suppliers. Today we finish this series with how to find a supplier you can work with …

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]]> https://www.ecomcrew.com/episode-26-sourcing-inventory-from-near-and-far-part-three/feed/ 1 Today’s episode is the third and final installment of our series on domestic and international supplying. We have talked about shipping in both the United States and from overseas. We have also talked about the politics involved in overseas suppliers. There are tons of online suppliers that offer cheap products for newcomers. These sites are helpful, but the ideal situation is to explore the market and find your product through trial and error. On today’s episode we share our experience with finding our products and offer practical advice on how to be smart about it.
The main points from today’s show are:

* Why you should consider the long term when looking at a supplier
* Places to find product and the power of word of mouth
* How order amount is good indicator of a profitable product
* The reasons to consider domestic suppliers
* The math equation for smart product ordering
* What is bank management

We could try to explore what makes a great product and how to find the best seller, but there is no formula for what works and what doesn’t. This will conclude our series on this subject, but we hope we gave some useful information on how to approach building and managing your inventory.
Resources from Today’s Episode:
ThomasNet
Alibaba
Global Sources
Made in China
If you have any questions or anything you’d like us to discuss on the podcast please go to ecomcrew.com and fill out the contact form. Also we would really appreciate if you would leave us a review on iTunes. Thanks for listening!
Full Audio Transcription
Mike:   Hi, this is Mike.
Grant:  And this is Grant.
Mike:   And welcome to this week’s edition of the EcomCrew podcast.  This is going to be our third and final part of importing, mostly from China like we’ve been talking about but obviously this applies to anywhere else in the world.  Parts one and two, we talked about things like shipping and inspections and things of that nature and it’s kind of a little bit backwards to talk in the third part here about selecting your manufacturer, which you might thing would be the first thing to talk about, but like we kind of talked about in the other podcasts why we saved this for last.  And it really kind of gives you an idea of the full picture of what you need to be thinking about and also the all-in cost, all the shipping and everything but obviously we didn’t kind of cover selecting a manufacturer because without a manufacturer, there’s no products to import.
So we’re going to be talking a few different things here like MLQs and the actual manufacturer selection process and specs and terms and all that but we’ll get into all that here quickly.  So I’m going to turn it over to Grant and he’s going to start talking just a little bit here about how he’s gone about finding manufacturers and how to select them.
Grant:  Yeah.  Thanks, Mike.  So the obvious answers online are if you want to look overseas, there’s not a lot of places bigger than Alibaba.  It’s got a great selection of people and they’ve got a fair interface.  There’s probably a little bit to be desired and there’s also a lot of other websites out there too that you can use.  Global Forces is a pretty big one.  Made-in-China.  And one thing that I actually do is a little bit of – I don’t know if I’d call it black hat necessarily.]]> Mike Jackness clean 36:23 1157 Episode 24: Sourcing Inventory From China and the US https://www.ecomcrew.com/episode-24-sourcing-inventory-from-near-and-far/ https://www.ecomcrew.com/episode-24-sourcing-inventory-from-near-and-far/#comments Thu, 21 Apr 2016 14:00:42 +0000 /?p=1150 We discuss our experience with shipping and importing product for inventory today. Most people make the assumption that importing from overseas like China is the best solution. But we are going to explore all the options of shipping both foreign and domestic. Everybody normally begins by stocking their inventory with a local vendor. There is …

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]]> https://www.ecomcrew.com/episode-24-sourcing-inventory-from-near-and-far/feed/ 3 We discuss our experience with shipping and importing product for inventory today. Most people make the assumption that importing from overseas like China is the best solution. But we are going to explore all the options of shipping both foreign and do... Everybody normally begins by stocking their inventory with a local vendor. There is nothing wrong with this approach and it does have some advantages, but hopefully we will inform you enough to make the right decision for your business. Just as domestic supplying has its ups and downs, so too does getting your supply from China or some other part of the world.
Some of the points we discussed today are:

When to ask for white labeling or private labeling
Pallet pricing vs. truck load pricing
How to handle losing a shipment
Why you should maximize your order
Why you should always order in bulk
The pros and cons of air shipping
How to be ready for the hidden fees and costs

This episode is going to be a 2 part series. We have tons more to cover and we will do that in a future video.
Resources Mentioned During Today’s Episode:
 
Unishippers
Clear Lane
If you have any questions or anything you’d like us to discuss on the podcast please go to ecomcrew.com and fill out the contact form. Also we would really appreciate if you would leave us a review on iTunes. Thanks for listening!
Mike:   Hi, this is Mike.
Grant:  And this is Grant.
Mike:   And welcome to the week’s edition of the EcomCrew podcast.  Welcome, everybody.  This week we’re going to be talking about sourcing – sourcing things from China primarily but also from other places as well.  Before I get into that, I just want to mention real quick again the promotion that Grant and I are running right now for a free hour of consulting.  If you head over to EcomCrew and comment on this podcast episode or any of the previous three episodes.  We will enter you into a free drawing to win an hour of consulting.  We’re going to be doing a drawing in May and the only stipulation is we get to record the hour of consulting with you.  We may or may not use that for promotional purposes, but if you’re interesting in getting a free hour of advice from Grant and me or you just want to chat about ice cream sundaes, any of that stuff is fine.
So, with that out of the way, like I said, we’re going to be talking about sourcing this week and Grant and I, combined this year, will be bringing in seven figures in cost and inventory, mostly from China but we’re almost importing things from Canada, Guatemala.  Grant, I think you bought something from South America.  Is that right?
Grant:  Yup, Brazil.  I’ve brought in stuff from Italy and Japan, China, and it’s going to be also Tunisia now.
Mike:   Tunisia, cool.
Grant:  So yeah, getting every continent down.  Just need some penguins are we’re set.
Mike:   Cool.  So I wish that this podcast was going to be about 30 seconds where we basically would say importing is easy and just go ahead and do it and there’s nothing to worry about, and sign off and we’re done, nothing’s gone wrong.  But that’s pretty far from the case.  So I think that we’re going to probably just use most of this time today to talk about a lot of horror stories, I mean things that we’ve been through ourselves.  Some of this stuff for me was just kind of in a hurry to get things done, you’re excited to get products in, you see some success and you want to just get more of it, and you start to hit the ground running and then some of the other stuff is,...]]> Mike Jackness clean 33:52 1150 Episode 18: From Garage to Warehouse and Beyond https://www.ecomcrew.com/episode-18-from-garage-to-warehouse-and-beyond/ https://www.ecomcrew.com/episode-18-from-garage-to-warehouse-and-beyond/#comments Thu, 10 Mar 2016 13:30:21 +0000 /?p=996 Today’s episode is about going from running your business out of your home to a warehouse. We have our own growing pains stories on this topic, so we hope we can help those of you ready to move. The key factor to maintaining a warehouse is efficiency. A lot of things go into making sure …

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]]> https://www.ecomcrew.com/episode-18-from-garage-to-warehouse-and-beyond/feed/ 1 Today’s episode is about going from running your business out of your home to a warehouse. We have our own growing pains stories on this topic, so we hope we can help those of you ready to move. The key factor to maintaining a warehouse is efficiency. The key factor to maintaining a warehouse is efficiency. A lot of things go into making sure your operation is efficient. You need to make sure the items are safely packed for shipping (which is harder than you expect) and that your inventory can keep up with demand. We’re going to share with you some of our fixes for these problems. As well as what has worked for us, and what hasn’t.
Topics we discuss in this episode:

Grant’s trial and error experience with packing his cutting boards.
The importance of keeping shipping damage low
Mike’s decision to move into FBA through Amazon
Working with Amazon
Finding a good fulfillment software

At the end of the day it comes down to what you need to make your business work. Some of our suggestions are pretty pricey for a start-up, but for middle tier outfits it might be a solution. Efficiency is the keyword today and hopeful we have given you some great resources.
Resources Mentioned During Today’s Episode:
ShipStation
Stitch Labs
The Definitive Ecommerce Inventory Management Comparison
Skubana
Bigcommerce
Shopify
Linnworks
If you have any questions or anything you’d like us to discuss on the podcast please go to ecomcrew.com and fill out the contact form. Also we would really appreciate if you would leave us a review on iTunes. Thanks  for listening!
Full Audio Transcript
Mike:   Hi, this is Mike.
Grant:  And this is Grant.
Mike:   And welcome to this week’s episode of the EcomCrew podcast.  First off, want to apologize for missing an episode here.  Grant and I have been doing a lot of traveling and our ColorIt brand’s been exploding in a good way and it’s just been absolutely crazy so we did miss an episode so we apologize about that but we’re back on track here and hopefully over the next several months, we won’t miss an episode.  We have a really fun topic this week: the evolution of going from your garage to a warehouse and beyond.  Grant and I have been doing ecommerce now for about three years and we’ve gone from doing just pure drop shipping to running our initial ecommerce stuff out of a warehouse and then a small shared office space that we had and then going from it to another warehouse then to another warehouse.  And then Grant also has a warehouse up in Seattle.  So we thought this would be a fun topic to talk about this week because I’m sure some of you listening to this podcast are in the middle of “I need to move” and things to be thinking about.  So with that, I’m going to turn it over to Grant, let him kick it off this week and we’ll go from there.
Grant:  Okay.  Thanks, Mike.  Yeah so this topic’s near and dear to us because, as an entrepreneur, I believe everyone at some point has started off working at home or literally in their garage in most cases.  And in ecommerce, it’s such a tempting, tempting business model because your garage is essentially almost free room and board for all of the products that you store, and for a lot of companies you don’t need an army of inventory taking up 2,000 square feet.  If you’ve got 500, maybe even 400 even 200 square feet in  your garage, hey, that’s a little opening to get started.  So there’s definitely a massive jump in the level of, I would say, competency it takes in order to learn how to properly do inventory management when you’re just shoving stuff into a few racks in the garage to actua...]]> Mike Jackness clean 38:53 996