Case in point: Jessica Larrew of Amazon Boot Camp. Pat Flynn of Smart Passive Income interviewed Jessica and her husband/business partner Cliff and the couple appear to apply all the principles outlined in ASM except that they don’t source their product from China or other offshore countries (nope, they get their deals at places like Walgreens).
I’ve built a lot of businesses in my day – I’ve had review sites that made $20,000 per month. I’ve done launches and made $250,000 in a week. I’ve built sales funnels, done consulting, I own a restaurant, and I invest in real estate…
So to put it as basically as possible it is an 8 week course where you are taught to find your own products, private label them and take full advantage of FBA (fulfillment By Amazon) to take orders, ship and handle the bulk of your business operations. In their own words:
My opinion is that a lot of ASMers probably just go to Alibaba and buy sleep masks and call it “Sleep Mask by JoePublic” and try to market it. As a result, there are millions of sleep masks sold by private label sellers. On the flip side, someone that is smart will look at a product that has competitors (but not too many), get the product, and then make improvements on what people don’t like.
CleanTAS 290 : (TAS Power Hour) Enhanced Content – Updated Discount Codes – No More Hijackers? – Reviews – Email Capture and MORE! So many things having to do with Amazon private label sales change from week to week. With changes happening that rapidly it’s hard to keep abreast of everything and to actually KNOW how to apply the changes effectively for your brand and products. 12/5/2016 Free View in iTunes
If you’re using a sourcing site like Alibaba (which isn’t the most reputable, but is the most popular) you will see it in your queries. If you see a lot of infringement in your search results, it would make more sense to just steer away from that mdse until you got more experience in the market.
@Raam Dust – You’re right. Amazon do have rules in place because they don’t want solicitation from outside sources to ruin the buyers experience or abuse the system. If they receive too many complaints, they will shut you down.
But this does not change the fact that the course content was thin, missed a LOT of major information and over priced and the only reason affiliates are jumping all over this is because they get paid 40-50% commission on a $3500-4000 price tag.
That’s the only frustrating part of this business – the time it often takes your product to arrive at Amazon is usually longer than you http://morningdispatcher.com/news/amazing-selling-machine-course-evergreen-launch-2018-start-an-ecommerce-business/0045744/ like it to be. You’ll be so excited to get your product, and so pumped from the training, so that eight week waiting period can be an absolute torture. It also can play a role in managing inventory (discussed later).
If it was so easy to be successful – everyone would be doing it. Of the 1,000’s that will shell out the money for this course I believe MOST will NEVER even recoup their initial investment in the course. They throw around the astounding sales results of a few individuals, including one of the promotors – if it’s too good to be true…well…
You will also get access to an exclusive Facebook Mastermind Group that I’ve set up, where you can interact with myself and other online entrepreneurs to get your questions answered, network with other successful Amazon sellers, and have others to hold you accountable.
You need to have money to get started. Amazon pays out twice a month. It takes 3-4 days to hit your bank account. If you wait for your deposit to re-order/stock up, it’s around 2-3 weeks to get things over to fulfillment and into your inventory. Therefore, you need to be able to purchase at least 30 days of inventory to really make it through otherwise you’re dropping momentum with stock outs. I don’t feel they are entirely clear with that. Yes you get paid like clockwork, however, if your inventory is getting low, you need to be able to re-order without waiting for a disbursement because Amazon’s inbound fulfillment (getting your items into their inventory system) is just not the fastest thing.