You should not worry about the amount of money you can invest in the business as you can start with a small order and move up from there as you start making money. Plan for at least another $1,000 to $2,000 for product costs to start.
I emailed an affiliate (that I trust and that was raving about ASM) if someone like me would benefit from the course. He said, very quickly, that it’s not necessary for people that have “seen the light”. He went onto say that the benefit is helping shape people’s ability to evaluate the opportunity to sell something and, later on, white label a product. He said that value in the course is the support to help you get to that point and not necessarily the tools available.
$3500 is a very steep price for learning the course so, I really hope it does work. It does give me confidence though that with 30 days free I can see if it works for me or not. I’m curios about when this opens so I can look more in to taking advantage of it.
Keep that in mind for a moment. Now think about how many memberships they can sell at this price. 1,000? 2,000? I think those are high estimates, but let’s say 2,000 memberships, with $1,000 profit each. That’s $2.0 million dollars total one-time profit, right?
But honestly, unless you’re looking for specific info (like expanding internationally), the best option for someone who’s already at your level is to just network with other successful sellers. Develop a close group of people you trust and communicate with them regularly.
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.
Scott, I appreciate all the knowledge that you and your guest speakers provide; it’s invaluable. Hearing other people’s success stories only inspires me even more. I listen to your podcasts on my walk to work and on my way home. Thank you for keeping me motivated as I’m sure you are motivating others in the same way!
I didn’t know I could run split tests on my Amazon products until I found Splitly. In my first month optimizing my listing, my conversion rate improved by 18%. In a competitive niche like mine, this is huge!
To summarize, the Amazing Selling Machine is the best training course that I have ever experienced. This is coming from someone that has invested nearly $100,000 in coaching, seminars and online programs. I HIGHLY recommend it for anyone that wants to get into selling on Amazon and is committed to it. Obviously, this is only for people that are committed and willing to invest in themselves and starting their own online business. Every business requires an investment and when put in perspective of what a college education costs, this is easily worth every penny.
If you go with content marketing (written or video) the key is to target keyword phrases that you niche audience is searching each day, create quality content that helps people, then repeat the process.
As with many programs, they make it seem easy to sell on Amazon. Although as we can see from your own experience making money on Amazon is very difficult and getting harder all the time as more and more people enter the market.
That being said, like Jim Cockrum says, you’ve got to be careful with your approach. The course does teach a couple of things that I believe are borderline in putting your account in danger, so I avoid that and only do what I’m personally comfortable with.
First inventory = $1,000 (average estimate) (correct. HOWEVER, I and a few others started with $200. The problem is, when we run out of stock we had to wait. That is the problem, but I didnt have that that amount of money. My cost $200
ASM will be opening for only a week or so. If you miss this opportunity, you will need to wait until next year for “Class 2017.” It is also possible that they might not even open their doors again. So take action while you can.
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 will certainly check out everything you’ve mentioned here and may very well invest some time into your affiliate program. I’ll imagine that I’ve just “found” $5000 dollars after not investing in the ASM program.
Josh, thank you. I am interested in the community mindset. I have experience marketing and selling products. I am looking for like minds that are serious about discussing ideas. I am not interested in paying for a mentor.
3) This is all based on the premise that being found in the SERPS will be a major factor in Amazon sales. I don’t know, but I don’t find many Amazon products by looking in the SERPS. I just go to amazon and type in the product name.
I’m not sure what products the ASM guys target, but that’s generally not the way I do it. I will test the market with “generic” products that I get from domestic sellers. That typically requires a small investment (typically there are no minimums) and I’ll send it in to see how fast the inventory will turn. If it moves quick, then I know that I have a winner so it’s only a matter of muscling the price down to the point where I make the margin that I need. I buy the product overseas, get it branded with my logo, and create the listing.
I’ve just had a quick read of the pdfs that were posted here earlier which provide a pretty good amazon seller training of the system. My impression is that it all revolves around white-labelling your own product and then selling lots of them via Amazon. This can work well for products with a high demand and where you’re able to white label them. By white labelling the product they believe you’re able to achieve higher profit margins.
As regulations on the clinical microbiology laboratory change, is it important to keep up to date to stay compliant. This session will discuss being prepared for a College of American Pathologists inspection, best practices in proficiency testing, and an update on IQCP. Read more.
Went to buy my tickets yesterday, only to find out, to my surprise, they nearly doubled in price. I wouldn’t be upset if I had known about the increase, but since I didn’t go on your Facebook page, I …had no idea. A simple sentence on the ticketing page notifying me of the pending increase would have alleviated my current frustration.
Scott is truly one of the absolute best in the biz and always does a phenomenal job of bringing out the very best in his guests,Highly recommend listening and subscribing to The Amazing Seller Podcast if you want the knowledge AND mindsets to grow your online business, boost sales and build a passive income stream that’ll inch you closer towards financial freedom!
Ryan Daniel Moran is one of the most sought after speakers and thought leaders on internet entrepreneurship in the marketplace. He specializes in creating extremely profitable businesses without compromising your lifestyle. Ryan is passionate about inspiring, educating, and empowering people to live extraordinary lives. When Ryan isn’t inspiring his listeners and readers, you’ll find him at an improv show, at a Cleveland Indians game, or traveling the world.
Sample products = $100 (average estimate) (not quite true. 95% of my products are from USA, most of my suppliers sent out a sample for free. And even my other supplier who is outside the USA also sent me a sample for free. That is best case. Worst case, I agree with you. My cost $0