They could have priced it at half of the price, sold more units and likely still made a bundle… maybe close to what they’ll make now considering that they would have still had affiliates running over each other at the chance to make a grand per sale… and more people could afford it.
Hi Herschel I am In South Africa. The problem is that South Africa is not one of the countries listed to sell on Amazon. You may get away with a US bank account, US address but if they find out that you actually selling for a non listed country – you can be in trouble and your selling business suspended on Amazon.
For example the average inventory costs for product 1 are most often somewhere between $500 and $1000. This figure comes from the over 150 new ASMers I have coached through the learning process. I have direct access to the figures.
First, there are exactly zero misrepresentations on the sales page for the Proven Amazon Course and we even took the bold step to survey our entire student base and report the true average results right on the page (ever seen that before?) I can’t blame you for being skeptical b/c you are right in saying that most sales pages for IM products are a total joke, but I won’t lay down my integrity or reputation to pad the stats. The people, numbers and results are all 100% legit and we have many unreported success stories we could add to that page.
Former head of product at CrunchBase and the founder of two web tech consulting firms, Kurt is an expert with web analytics and a master of finding insights, trends and outliers that are hidden in visitor data. He was also responsible for the global rollout of ecommerce for The Body Shop
Bookalicious.org’s new Review of Amazon Selling Machine training on How to Start an Online Business and Sell on Amazon training provides free information for Business Startups looking to improve their skills.
I’d be curious to see what ASM customers have thought so far. Hopefully the people that joined that course didn’t spend their last few bucks signing up, because I’m seeing more and more people have CASH be their limiting factor when it comes to Amazon. I’m not saying you need THAT much money in order to make private labeling work, but you need to be able to order enough to where the shipping cost in from China doesn’t eat you alive.
An affiliate for ASM makes over 2K/transaction when the sell one ASM membership. So Skip could have cleaned up really well with ASM’s affiliate program. The gave him a free membership to entice him to check it out.
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 would 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.
You sound like the voice of experience. It’s really hard when you get something all figured out then they change the system amazing selling machine videos yank the rug out from under you – especially when it happens over and over again. That’s why I like to be my own boss and the Selling Machine sounds like a way to do just that. You’re right, it’s expensive, but if you make lots of money while using it, then so be it. Besides, if there’s a money back guarantee how can you go wrong? Thanks for the tip!
CleanTAS 408: NEW Amazon Update: Keyword and Ranking Best Practices for Increased Sales How can busy ecommerce leaders like you stay on top of what’s going on with every new update and change from Amazon? How do even interpret the new changes and know if they are a big deal or something that you shouldn’t pay too much attention too? 9/6/2017 Free View in iTunes
I was doing everything I could to find a way to replace me income without going back to school. I spent hours searching the internet for a way to build a passive income and then I came across the retail arbitrage course Amazon Bootcamp by Jessica Larew.
My point was that (based on your comments) it looks like you judged the launch process and not the opportunity. I agree there’s more than one way to skin a cat, so all the power to you if you’ve found another way. But if you haven’t found another way, and you passed on this just because the launch was “overkill”, then you’ve only done yourself a disservice by not at least judging the course itself.
Minnie – thanks for writing. No doubt the days of just sending anything into Amazon and immediately reaping big windfalls of cash over. Now we all have to treat selling on Amazon as a ‘real business’ with the same inherent risks as any online business, BUT (unlike most other online businesses) the rewards can be high. Selling on Amazon still has far more positives than negatives, regardless of the type of sourcing done (Retail arbitrage, online arbitrage, wholesale, private label, liquidation, etc.)