Just to chime in now that this thread has popped back up, I would echo a couple comments…namely 1) It will take more money than you think to get started 2) It’s harder than you think 3) Amazon can nuke your business without notice.
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Don’t worry if you ever can’t make one of the group coaching calls. You’ll have the opportunity to ask questions ahead of time and can watch the full recordings with Q&A inside the members’ area anytime you want.
I hear what you are saying, it is a tough call, I can see a lot of people giving up before the magic has happened. This is a lot of money i understand. I have in fact told a few people about this, whether or not they jump in is beyond me, $200 a day isnt really mouth watering to them.
I always buy the product from amazon and compare them to the samples. I was never able to find any product that came close to quality. I’m not talking about a better quality (which is what you want), every single sample was inferior. Different suppliers, same results. That was the case for China suppliers. US suppliers on the other hand were always way too expensive. I’m talking an item that sells for $10 on amazon, they way to sell you 10000 units for $11 each plus shipping.
CleanTAS 251 : How to AVOID Common Tax Mistakes in Your Business (CPA Guest) Running a business is complicated in and of itself. There are all kinds of things you have to keep track of including taxes. There are many common mistakes made when it comes to taxes and on this episode of the podcast, 9/5/2016 Free View in iTunes
If you are from the US, then go with Jim Cockrums PAC (Proven Amazon Course) for now. You will learn the FBA part very well and will be ready when the ASM course (or a follow up) will come along in the future (next year?).
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Like flyingdutch, I am not in a position to comment on the ASM course, but I am qualified to comment on the part I have highlighted. Sourcing is a vitally important part of the process, and many people are led astray by posts on this forum.
Importing and drop-shipping are a bit more risk and will involve buying products, so I’d start with affiliate marketing. If you’ve got the ability to spend a good 6 months working at it, you can get it to start producing regular income, if you can then work at it full time, you will be amazed at what you can create.
And some last words. Amazing how Jordan Malik managed to post so many replies without addressing simple and direct questions. That alone hopefully enlightened many of the devoted followers he kept referring to.
The example that you outlined above would not just be rare, it’d be EXTREMELY rare and unlikely. 625-1000 units a day of a product that he’s making 40% net margins on? I have to assume that he’s selling a “generic” type product and it’s not proprietary. And if that’s the case, anything that is generating those kind of sales is easily the type of product that would attract imitators.
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CleanTAS 223 : Ask Scott Session #66 – Your Amazon FBA Questions This is the Friday Ask Scott episode of The Amazing Seller podcast where you (and people like you) get to ask their particular questions about Amazon sales. On this episode Scott fields question about choosing a product when the market appears to be ve. 7/1/2016 Free View in iTunes