Realistically though, there probably aren’t that many people that are “making it” because there aren’t that many people that succeed (on a % basis) with any program. Private labeling products isn’t something that you can really bootstrap very easily. When I import from China, I’m spending about $40-50K per container. You have to be able to float the cash for a minimum 60-90 days before you start to see the payback.
Not saying the marketing aspects are not SUPER important, but they are relatively easy and cheap to get learn and get done. Basically you just do what ASM teaches you. Most of it common sense that surprisingly few sellers understood this just 1-2 years ago.
And if they are selling supplements, that really says a lot. I take product sales advice from supplement sellers much differently because that market is very different and has some particularities that don’t really exist in most other product markets. Let me just lay some of them out for people who do not know so they have context:
Good training will certainly help you to achieve success more rapidly and also teach you the correct way to build your business. The free trail with the training program you mention, Wealthy Affiliate, is certainly worth trying.
A guy who drove an old Ford pickup his whole life figured out this stuff long ago…importing cheap goods and selling for a higher price. He opened thousands of stores. I should be able to figure out how to get a few products stocked and listed on Amazon. I’ve done extremely well in the past selling on eBay. FBA may have a few technical hurdles, but nothing anything a halfway intelligent person can’t figure out pretty quickly.
Wouldn’t it be great if you could get the right people in place to scale and expand your ecommerce business? For some TAS followers, this may be a little too much “cart before the horse” type thinking but many of you are ready for expansion now and need help. If that’s not you, bookmark this episode of The Amazing Seller podcast featuring outso ……
@Lucinking – For most it is expensive. With today’s economy and so many struggling and working a few jobs to put food on the table, they would say that also. However, when you compare it to college, which many attend because they feel like that have too.
I always wonder if these guys are making so much money doing this why would they want to let others in on it? And when do they have the time to put this together? Maybe its just a way to make a quick buck? And if they are making multi thousands a month, why dont they just price it at 50 bucks and let everyone in on it?
I have been having a lot of trouble listening to the podcasts though. Maybe I grew up in this subreddit and the info is more for people about to start?. I’ve been trying hard and I seem to not have the patience. I’m afraid I’m missing out on stuff there.
My point (again) because I won’t let my integrity (qualified by hundreds or thousands of fans/followers/readers) go undefended: If my objective was to make money and I didn’t care about my reputation/fans/followers/readers, I would have promoted ASM (I was an approved affiliate). Again if the angry and miserable (1% of the reviewers) actually listened to/watched my review, you would have seen that my potential revenue from promoting ASM was at least $17,000, and it could have been a lot more. My affiliate earnings from promoting the other courses/ebooks in a separate video was a mere fraction of what I could have earned promoting ASM. I guess full disclosure wasn’t enough. To appease the 1%, I should have just said in the video, “If you want to sell on Amazon, I have nothing to suggest to you.” Which of course would have saved my tribe/followers/fans the whopping $27 to $99 and/or prevented informing them of ASM course alternatives. Boy was I short-sighted on that one.
Wow, I thought this thread was dead, I was wrong. @shabit87, I hear you, I had the same thoughts too. But you have one thing over me, I didnt have any experience on PL that sort of thing. It is trial n error, I know a lot of people would say its my money, I want a home run, or will I make my money back. The truth is, yes you will make your money back, however if one has a dud product it would take much longer to get your investment back. Which is why I only invest 50 – 100 units to test the water. With a lot of planning I have only had one dud product which is selling 1 – 2 a day. Your research is very important not only on Amazon but on google.
What do you do to stay on track and motivated as you build your ecommerce business? Have you joined the TAS community to connect with your peers to problem solve and find encouragement? This is the place, every Friday where Scott answers your questions and helps give you that extra push as you tackle the ins and outs of starting your business. ……
CleanTAS 461: (No DEAL on Shark Tank) The Journey to Becoming a Successful Ecommerce Business Multiple Times What is it like to appear on Shark Tank? What lessons from that experience can leaders like you come away with? Is it a good idea to expect an immediate return on your investment when you are building up a brand from scratch? 1/8/2018 Free View in iTunes
I honestly feel bad for guys like you who passed on an opportunity because you judged the process rather than the program. I can understand why someone passes because it’s not right for them or because it’s just too expensive for them – but those who passed simply because the launch was “overkill” – well, that’s just stubbornness and they will never really know what they missed out on.
Hi guys. I ordered a product from dhgates to test it, it has been tw…o weeks and dhl said it is hold for custom purpose. Does it have anything with the supplier ? Did you face any thing like that? Any suggestions please. Thanks See More
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Two years ago, I went through the Amazing Selling Machine program as a student. I had never sold a darn thing on Amazon before, and up to that point, and my business had been strictly about selling information products. Selling “real stuff” was actually a bit of a mystery to me.
Upon completion of ASM’s Entrepreneurial Training program, students will be armed with a plan to establish their start-up businesses or expand their current businesses and guide them to succeed. Our program focuses on creating value by assessing the needs of the customer. Receiving business training will aid in reducing the expenses that accompany the trial and error process, which is used by many new businesses and can be detrimental. Equipping yourself with the proper knowledge and vital information is the more important business plan of all.
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As much as I think it’s a good model, no one should be buying ASM if it’s with money they can’t afford to lose. If you can afford the cost, but can’t handle “feeling like crap” if your product is a dud, you shouldn’t buy this course either. Like I said earlier – this is a business and there’s no guarantee of success. If you can’t brush off a failure in business, then it’s not for you.
The price is ridiculous and unfortunately the reason that it’s so high is because they are paying huge affiliate commissions. But the reality is that the Amazing Selling Machine is selling overpriced information.
I belong to an online training program that is a bit bigger than the Amazing Selling Machine, with over 200K members. But when I first started website development and affiliate marketing, I would have been lost with out the proper training, guidance and support that came with the Wealthy Affiliate program and community.
This conference is for you if you want to start a physical products based ecommerce business or if you already have an existing ecommerce business that you want to grow. There will be two tracks that will cover both beginners and advanced sellers.
But let’s say you’re hoping to buy bigger lots of wholesale items and really want to see what’s available through offshore countries like China. Skip McGrath offers an in-depth 350-page printed training manual called The Complete Amazon Marketing System for $127. He also throws in a bunch of free bonuses like a 30-minute coaching call http://markets.financialcontent.com/mi.sanluisobispo/news/read/35644596 lifetime membership to his wholesale sourcing website.
Well I wouldn’t start by selling Spatulas; even if it’s only a hypothetical example, it’s an example of the wrong product to sell. Those guys are probably selling boatloads of them, but at relatively thin margins overall.
Going to Alibaba is not a good way to start. Alibaba is full of traders and wholesalers masquerading as manufacturers. They add their margin to the price they pay to the manufacturers, so you have already given a way a substantial part of your potential profit.
What I object to is the super hype implying that you are going to be making $100k/month while on vacation in Paris after a few months in this business, doing little more than logging in and reordering inventory