I messed up! Losing money on every sale
Hey guys so I wanted to try amazon and thought I would atleast make the invested money back if this didn’t work out. However, I am losing money on every sale.
Product is hot glue gun which is generic product and no one gives f*ck about brand since top 40 listings are chin*se.
If no ads are running, no one sees my product and hence no sales. My click through rate is super low and AOCS is 90% .
Out of 9 dollars, amazon take 4.5 and I am spending rest on ads. So my I am bearing the item purchase cost basically. If I increase the price, it doesn’t sell. If I decrease the bid, it doesn;t show up.
One of my photo is being shown twice, which I have contacted Amazon to fix, but didn;t hear back. Any advice on that?
What should I do to not lose so much on every sale.
Was your experience similar? Is Amazon all about ad spend ? Can you not compete if you buy a generic item from Alibaba and flip it?
submitted by /u/figureout98
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