This thread is a perfect example of why I love the WF. Lots of good information, including the potential price range. Thanks to those you who expressed their opinion and their insight about Amazon selling. I have watched the first three videos and read their PDFs and I feel like I have learned a lot and now I have learned more from this thread.
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.
My best products have margins in the 45-50% range and when I define gross margins, I’m talking about taking the NET proceeds from Amazon for each unit sold, subtracting the all-in per unit cost, and coming up with the gross margin dollars. Take that gross margin $ and divide by the NET proceed from Amazon and you come up with 45-50%. I will say though, that those particular products require me to be spending 40K per shipment. But that’s why able to make 45-50% on it; because other people won’t do it.
I have been listening to Scott Voelker’s The Amazing Seller Podcast for about two years, and continue to find it helpful and inspiring. Scott’s enthusiasm is a bonus that can hype you up on top of the fact that he has a real talent for breaking things down into simple (and actionable) bites of information that you can use. When he says that he is rooting for you and encourages you to take ation, I 100% believe that he is genuine, and having met him face-to-face at one of his meetups, I can tell you that he is the same encouraging, enthusiastic, and helpful guy in person as he is on the podcast.
So my suggestion to those (like, 1% of all the contributors here) who want to go to great lengths to discredit me (or do things like create a Warrior account for the first time in their lives just to launch a tirade), PLEASE continue doing so
You seem to know your stuff then. We have very different opinions of things. To give you an example, I am pretty sure you would against Snuke software as it is a spam too, yes and no. To someone who doesnt know how to build authority backlinks will say it doesnt work and its a spam.
You will see ASM-type sellers all over the place. For the “easiest to source and private label products” it is almost funny to see all sellers with with their close to identical wording, fonts, image-types, promos etc. (BEST seller, add to cart NOW!).
And breaking amazon rules can even mean not doing something bad. For instance, not submitting data feeds to your sandbox account. Ask me how I know. Account cancelled for months, inventory sitting in the warehouse. You have to be able to deal with the unexpected whenever you’re in an inventory based business/
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I will just be starting on the program, so I will post results within few months. Super excited about this opportunity. I like WA a lot and already have some good progress with it, but ASM is another opportunity that allows you to have your own products and be a direct seller.
Excellent points and I really would encourage any online entrepreneur to read what Rod here has said about the Amazing Selling Machine. Don’t waste your hard earned cash on an over priced and marketed program. Go with Skip McGrath’s The Complete Amazon Marketing System for $147, that’s 33 times less expensive than the Amazing Selling Machine training.
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 http://studio-5.financialcontent.com/mng-lang.whittier/news/read/35644596 a sample for free. That is best case. Worst case, I agree with you. My cost $0