I’m quite sure that creative gurus mix in high-priced, but low-margin sellers in order to pad their sales figures. That way, they can say “honestly” that they are doing $500K per year with a typical private label product netting them gross margins of 80%. That would lead you to believe that the entire profit on the $500K in sales amazing selling macine be $400K. Forget about the fact that the sales number that gets reported in these sales videos are BEFORE amazon fees, which would be up to 20-30% of the sales price.
3) Once I’ve had some success, then I might seek out the ASM course as something that would supplement the knowledge I’ve already built up. As Panorama said, the course added to his own knowledge and experience so it was worth it for him at that time.
There are actually over 252 websites that compete and rank for the keyword phrase Amazing Selling Machine Review and Reviews currently. And actually many people feel embarrassed after getting taken by a scam or overpriced educational program. They usually don’t even want to remember it let alone mention it.
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It is over priced. Sure they will tell you how to sell stuff on Amazon, but it ain’t rocket science. Find well selling products in the top 200, 300, 400, 500 on Amazon, that you can private label. Find the suppliers and negotiate your best price.
ASM 225 – Computer Applications in Agricultural Systems Management – 3.00 credits: Application and use of software for problem solving, reporting, and graphical communication. 2 lectures. Prereq: CSCI 114 or 116, MATH 105, 107 or 146.
You see, 99% of Amazon sellers source products through middlemen. Chances are if your products are being quoted to you in $ and not in ¥ you’re dealing with a middle person. Not only do you pay 3-8 times more per unit, but it takes you longer and you have fewer options.
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It’d be hard to do that without giving anything away, but I’d say you benefit from collective knowledge. Someone comes up with an interesting idea, then others build on it. These ideas get tested by multiple people and you end up with pretty good evidence of what works and what doesn’t.
What a great book. I’ll be honest and say I stopped reading it because a lot of the first chapters were common sense for anyone that has done online says before. I figured it was cheaply priced because of how basic the fba topics were.
My favorite thing about ASM was that the lessons are broken into really easy to swallow steps. The downside to this is that you’ll be chomping at the bit each week for the lessons and the next steps to get posted.
The more I read about other people’s experience, the more I think that selling other people’s products on FBA is just hustling for dollars. You can still make good money, but I wouldn’t spend my time making a few bucks at the sacrifice of what could be long-term potential. I would use it to pad your income and get some experience (if you’re new), but beside that it’s a little dicey. I still sell about 10-20 items that are other people’s products, but I see what I do and figure that it could easily happen to me. And then I read the people who this happens to (who rely on the income full-time) and think that they are doomed in the long-run.
That’s 5 million in gross revenue, how pathetic. Meanwhile, you have a real training program that teaches people how to put up a real online business for less than $1 dollar/day. And they really care about your online success.
I knew I was in the wrong place with Amazon Associates as it just seems to be too much time and effort for little reward for me, but FBA was out of my comfort zone so I never jumped in eventhough I bought what is now ASM6 3 years ago! I need to speak with you privately about how you did this! Can you send me a PM please?
I have to say I agree with bayking here. I’ve seen your blog and have watched a lot of your videos. I respect you for what you’ve accomplished with your Amazon business model and how you’ve transitioned that into becoming somewhat of an authority figure on the subject – you’re a good marketer in that respect.