Hey Scott, I’m a new listener and new to the game and really look forward to this new adventure. Knowledge is power ( or just a little cheaper to minimize my risk/lesson learning). Thank you very much for your podcast, website, and community. Every episode is extremely knowledable and action packed with so may goodies, I often have to listen with pad and pen furiously writing. I love your positive enthusiasm, your coaching, help, and gudiance on this journey. Massive action is taken, so once I’ve listened all the way through, played the game, and have some scraps and bruises I’ve leave another review so we have a before and after, newbie / novice review. Keep up the awesome work! and thank you!!!
In a traditional e-commerce website, you will have to drive traffic amazing.com reviews your product listing in order to make a sale, and this could mean a lot of cash, or it could take a lot of time before you can drive traffic to your sites (as with Search engine optimization).
If you have a list that you can market that product to and send them directly to Amazon, this makes the job a whole heck of a lot easier. If you don’t, then you probably need to low-ball your price or figure out a way to drive traffic to the listings. Once you start to get some sales/reviews going, you can slowly raise your price.
@Bill Cameron, The link ebook about import from China that is displayed in that post #734 is a link to a thread in this Internet Marketing Product Reviews and Ratings forum, but it has been deleted because it was deemed to be “too self promotional”.
So I have no product in inventory and it looks like it will be another week before I am up and running. I will go ahead and post another review in 30 days that should be more helpful with some real stats and figures, but here are a couple more things I have learned since the last review….I’ll keep you updated sooner if things change before the 30 days.
Now I see somebody finally paining True picture here.! Happens to me all the time, Gang of “competition” keeps lowering prices, more likely buy some software, and cutting off any possible profit, and it’s almost funny, as I take product from not only Wholesaler but I’m actually taking Closeout priced Items, So Unless they get source of Stolen goods, no way they can get it any cheaper than that. What is the point for such behavior? Not sure.
Did anyone buy AS3 from Jason Fladlien? I ask because I saw he was pushing his secret ‘viral’ software that got huge sales and rankings. It would appear the big secret was you sold your product to everyone else with the ‘viral’ software at a loss to get those rankings.
ASM is more about your brand, the supplier/manufacturer does the work for you and sends your products to amazon, so all you need to do is market it or not, I recommend marketing your brand and at the sometime market your product.
AMS is not for the tire kicker. Unless you have 10 grand and you are not afraid to lose it the AMS is not for you. Buy a course, buy several courses, go to Amazon and watch their videos, learn how to make $100 a day and then learn how to increase it. You can go to any department store, garage sales, estate sales, flea markets, thrift stores, book sales, dollar stores and thousands of websites to find things to make a profit on. Can you create a listing on Amazon? Can you get your own UPC number? Can you write copy? Do all of these, find a supplier and you have your own product to sell on Amazon. Next thing you know, you have 10 competitors cutting you price. If you know the ropes, the ropes can’t trip you up. Crawl before you walk. Walk before you run. 10% of the people that buy the course are making money is a stretch, maybe 1% and this time next year that 1% will be gone. DANGER.
CleanTAS 330: How to Build a Business from Scratch and Then Sell It + Valuable Tips on Sourcing Wouldn’t it be great to get insight from someone who has worked at an Amazon warehouse? How about someone who has built a thriving eCommerce business and sold it at a good profit? What if you were able to get tips and hacks on how to build a strong an 3/8/2017 Free View in iTunes
Earning $4k a month is a fair starting point for a complete beginner (as a comparison many new ASMers would be earning that within about 4 weeks or so of having their product in amazon, 8 weeks later it would be more than that).
I was an experienced FBA seller with sales of about $10k per month (including some private label items) and I can tell you there was incremental knowledge I picked up in ASM that has brought my business to the next level.