Repeat this for the top 10 sellers for the product. If the top 3 aren’t selling at least 10 units per day, there’s not a lot of depth for that product and you may want to skip it. You want to compete for the 6th or 7th spot in the top 10. There needs to be enough room for you to compete AND make money.
CleanTAS 214 : Ask Scott Session #63 – Your Amazon FBA Questions When you’re starting something new it’s great to be able to ask someone who has been down the path before you. That’s what these Friday “Ask Scott” sessions are for… an opportunity for you to ask Scott the pressing questions that are on your 6/10/2016 Free View in iTunes
I agree with some of what you are saying, which IS structured in the ASM area, and I quote “If you follow a cookie cutter system, then you’ll be lumped in there with the rest of those guys selling sleep masks and crystal balls. You might not even try to do something because you’ve been told that it’s impossible!” I agree with this statement.
You can probably see this if you read through this entire thread, but at first I was critical of ASM mostly because of the price, then I became in favor of it after seeing great results myself. However, over the last couple of months, I realized that I sort of took my experience for granted and maybe gave too much credit to the course…and not enough to myself.
I only do private labeling. I am sure there are many ways to make money on Amazon as well as some other fine courses as mentioned throughout this thread using other methods. However private labeling is the focus of this course.
Wealthy Affiliate is an excellent choice if you want to learn how to create a profitable online business via affiliate marketing or eCommerce. They’ll teach you how to do everything from building a cool looking site, bringing in traffic (organically and PPC) and converting that traffic to sales.
The value in the course is, likely, the “opening of the eyes” to the Amazon opportunity; specifically to private label products. Scrapping and hustling for money is going the thrift store route and is not sustainable unless you like working for very little. You can purchase wholesale from US based distributors, but you’ll find tons of competition once you start to get some traction.
Thanks for your feedback on my review of the Amazing Selling Machine. I really hope that people realize all the struggles that go into building your own brand name product. And I think selling on Amazon can be awesome, but is extremely competitive anymore. That being said, you better have a revolutionary product in a hot market.
CleanTAS 383: (Hotel Cast) The BIG Lessons and Takeaways Learned from TAS LIVE North Carolina and Action Steps If you didn’t get the chance to attend the recent TAS LIVE event in North Carolina, today is your lucky day! You get a little sneak peek into the behind scenes conversations and takeaways from that event. You’ll hear from Scott, Chris, Angel, 7/10/2017 Free View in iTunes
As for the importing side of it, most people are under the false impression that it is difficult. It certainly has been a nightmare for a lot of people I have seen, who try to learn all the rules and regulations, but there is no need to do that. I teach people how to import the easy way.
Domestic shipping is pretty straightforward, and that is what they teach. Overseas shipping? Not so much, and they lack big time in the content category for this. They actually talk about it, but not near enough. There is a lot more to overseas shipping than meets the eye, and if you want to know how to do it right, you will need to rely on the forums, because the course itself doesn’t talk too much about it. Most of the opportunities to buy products at wholesale are found overseas (as i found out), and there is a learning curve involved with that, and you are left on your own to figure out for the most part. I found that the majority of the questions on the forums centered around that, and if they just went more into the details of overseas shipping, that that wouldn’t be the case. That’s why the forums (and Facebook group) are so invaluable…
One of the updates to the 8th version is that they show you how to sell on another version of Amazon, not only Amazon US like the earlier versions. So you learn how to sell on Amazon UK, Germany, & Japan.
To answer the liability insurance question, I already had a policy covering my local business so I just added private label products to that policy. I would recommend you find a local insurance broker, not a big brand insurance company because a local broker will shop several companies to get you the best rate.
We’ll have parties every night starting the day before the summit, and you will not want to miss any of them. Just imagine your favorite ecommerce entrepreneurs hanging out all in one place. It’s an opportunity unlike any other, and it’s your chance to mingle and start making things happen.
While all of the Modules are impressive and the best that I’ve ever seen, the other valuable parts of the program I’ve found to be are the Community Forum and the Facebook group. There are literally THOUSANDS of members apart of the Amazing Selling Machine community, which makes it very easy for networking and interacting with others.
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!
About a week ago I joined a webinarjam about Amazon, the guy tried to charge $500’s for his services to teach his way of making sure his students would be successful on Amazon. I didn’t, had some of the suspicions you’re stating above. I looked around though, a few success stories like & direct people to ASM, so I looked. I’m glad I found your site here.
Actually that module came out BEORE ASM started selling version one (remember – we’ve been teaching creative ways to sell physical products online since 2002 – longer than ANYONE still in the mix). The guy that we did that course with is now doing nearly a million per month in high margin sales in unique Amazon niche markets (very few of them private label) – and yes, he’s still creating modules for our community…and all new modules continue to cost nothing for our community.
What I find is that all to often certain opportunities can become misrepresented on threads by (well meaning) people posting their personal opinions and beliefs about a new opportunity rather then posting what they actually know from their experience.
If you are brand new to the idea of private labeling, this eBook is a great starting point to get the rough idea. Although I am yet to personally launch an Amazon labeled product, I have conducted a fair amount of research before purchasing this eBook. As a result, I already knew most of the content in here. It does not go into DEEP detail on the various steps of launching a product, but does cover enough information to make it an informative read. It is well-written but simply did not suit all my needs. However, any knowledge gained is better than nothing, and for the small price tag I do not regret the purchase.
3- People care about that. Do you care what brand spatula you use? No. Maybe, maaayyyyybe when I go to the store i’ll pick OXO over something else, but really, who cares. Your supplements– people care.
As far as the mention of them using their tools to steal your information and promote your products themselves, I don’t see that happening. The reason is because their tools only allow you to promote a specific product on Amazon and get it ranked well. They have no idea if that product is actually selling well as that information is not recorded or tracked in the tools. They would be taking a huge risk by just randomly selecting products that are in the system being promoted not knowing if they are selling at all. It would be like throwing darts at a board of products. They obviously are doing well choosing their own products to promote.
CleanTAS 259 : Ask Scott Session #78 – Your Amazon FBA Questions Here it is! The “Ask Scott” session of the Amazing Seller podcast. This is where we talk about all kinds of things relating to online business, private label sales on Amazon, and anything having to do with making a better life for yourself and makin 9/23/2016 Free View in iTunes
CleanTAS 415: Ask Scott Session #128 – Protecting My Product Ideas – Choosing Keywords – Hiring Help and Battling Overwhelm Are you fired up and ready to go out there and push your brand forward? What’s holding you back? Take this moment as an opportunity to get motivated and inspired with another session of Ask Scott here on The Amazing Seller Podcast! On this episode, 9/22/2017 Free View in iTunes
I have another product that I’ve tested that I can sell between 30-35 units per day. The “leading version” of the product has over 400 reviews of the product and, based on my estimates, they probably make about $9/sale when all costs are figured in. The manufacturer wants a minimum order of 3000, but everything is negotiable and they are willing to settle for a minimum order of 500. So the investment is less than $1000 in order to buy a product that, I know from testing, can make $240 in profit per day. Sure, it won’t be all that easy to catchup to the “leading version”, but I play the long-game. You don’t need 400 reviews to sell your product if you’re willing to accept a little less money upfront.
With FBA, you learn by doing. Once you start selling merchant fulfilled, it’ll get you ready for selling thru FBA. Once you sell thru FBA, you figuring out why it’s important to have your own private listing. What’s your doing private labeling, you realize what you need to do in order to propel your listings ahead.
I found that I was able to log back in. Wow- what an update from http://www.ktvn.com/story/37326182/news I last logged in 3 years ago when it was still called AZ Money Machine. It appears I’m just in time for the affiliate program launch too. Looks great and I didn’t even know I had access to all this – LOL. However, I do not see this monthly earners page you mentioned.
To be able to receive this $7692+ Amazing Selling Machine bonus offer, you must purchase the Amazing Selling Machine through the link below and e-mail your receipt to us at firstname.lastname@example.org so we can confirm your purchase through us.
This Security Workshop provides participants with an opportunity to experiment with many of the different components of F5’s security solutions in a hands-on lab environment using a real-world application delivery deployment scenario. The goal of the course is to put to practical use the extensive capabilities of the BIG-IP system to safeguard application delivery in today’s growing threat landscape, and to help the audience think differently about application security.