There’s Zach, who had floundered from business to business until finally finding a love for selling on Amazon. He saw success fairly quickly, selling about 50 units per day of his products. After spending three days with me in Austin, TX, we made a few tweaks to his model, and he quickly exploded to well over $100,000 per month.
Like others say, difficult to say a number but you are absolutely looking at thousands, not hundreds like they used to say in the ASM promotional material. There will always be additional cost and unexpected things happening. The more $ you have, the easier it gets of course.
My net profit margin is a little over 40% after everything – COGS, inbound shipping, outbound shipping, Amazon fees, etc. My single best day so far earned me about $1,500 in profit and I’m not even CLOSE to the levels of the top seller in my category. He’s probably the top seller of whatever his product is, and I’d be considered one of the “imitators” picking up the scraps.
For anyone still wondering about whether the course is worthwhile, I’d recommend you think about it like any other business opportunity…the business model is solid and opportunity still exists, but despite this, understand that some will be successful while others won’t.
I think IMers fall victim to all the clichés that Matthew just pointed out above; “time is money”, “cracked the code”, “proven record”. I’m not telling anyone anything that they don’t know already, but I’ve seen firsthand some INCREDIBLE examples of marketers co-opting someone else’s success and then spinning it to sell their own products. If you bought this course and were doing $50K a month in sales and took it to $100K a month, you can guarantee they’d be implying that you did it because of their course, even though you probably would’ve got there anyways.
What does this mean for the members paying $3,500 with the expectation of outsized profits? Remember, now you’ll have hundreds/thousands of members pursuing the EXACT same strategy. There may be millions of products available on Amazon, but how many will this business model work with?
As panorama says as a member you will have access to everything that has happened since you last visited. Even better ASM6 has just been re-written and added to with new content. The core modules alone have now increased from 8 to 12.
People do both. Great athletes become great coaches. It’s a natural progression. Learn, do, teach/consult. Some teachers advocate teaching while doing, as they see from all points of view. “player/coaches” were always the most beloved. Think of http://travellersea.com/news/amazing-selling-machine-course-evergreen-launch-2018-start-an-ecommerce-business/0045744/ Manning, Michael Jordan, Ray Lewis, etc.
CleanTAS 293 (Avoiding Lawsuits) Product Liability Insurance 101 and Best Practices One of the things Amazon sellers can easily overlook is the issue of liability. Is your product safe? Should it include a choking warning? Is there a risk that you could be sued or that your product could be held liable for harm done to a person or the. 12/12/2016 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.
2.) What keeps the supplier that is the bestseller on Amazon from dropping the price below your margins and now your stuck with 500 widgets you can not sell. Unless of course your that seller that has invested $100,000 and you are the one that has the 10,000 widgets
Quizzes at the end of each lesson review the knowledge you have gained. A final exam is provided at the end of the course. You may save a partially complete final exam and return to complete it at a later time. However you may only submit the exam once. A successful passing score of 80% or better on the final exam, and completion of the course survey will allow you to print your own certificate of completion and complete requirements for earning the associated continuing education units for that course.
There have been many questions about the hefty price of the Amazing Selling Machine but since its inception, it has always sold out. Clearly, something is being done right. Although, they are far cheaper alternatives to a program like the Amazing Selling Machine especially as online trainings and e-books, none has been able to match the success of the Amazing Selling Machine.
CleanTAS 486: Update: Product Discovery 24 Hour Challenge (It Worked!) A few episodes back, Scott issued the Product Discovery 24 Hour Challenge. Did you take him up on the challenge? If you haven’t, it’s not too late! Take a look at the links in the resources section below to learn all about it. 3/7/2018 Free View in iTunes
CleanTAS 283 : Ask Scott Session #85 – Your Business and Marketing Questions It’s always good to learn from the success and failure of someone who is already down the same road you’re walking. That’s one of the reasons Scott does these Friday “Ask Scott” episodes of The Amazing Seller podcast. 11/18/2016 Free View in iTunes
I have had very good success over the years in IM and have been full time for over 10 years. However, I rarely buy courses but the ones I have bought never live up to what they say. It just never makes sense to me why someone who is making this kind of income would share their “secrets” or even take the time to do this. I usually feel that they have done well at the opportunity but that things have died off and they can’t grow beyond where they are. So, they look for another way to make money outside of the actual opportunity. I may be wrong but I have seen this done many times by internet marketers.
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.
Now, the main objective of the program is to guide you to build a highly profitable business and that too by selling your own brand of physical products by leveraging the power of Amazon. ASM8 is a complete course on selling on Amazon by using Fulfillment By Amazon. This just means you source items from wholesalers and then send them into FBA so Amazon takes care of everything for you.
I have been following this thread since last year when I was interested to sell on Amazon FBA. I’m from a country in Europe which is allowed to sell on Amazon. I was wondering if someone who bought the ASM course could give me some tips how to start selling on Amazon FBA from a country outside US. Do I have to register a company in US or not? Can I buy products from China and have them sent to Amazon FBA (while I’m personally located in Europe) ?
I think if you are just starting out and if you want to get a good start you will need to spend a few hundred dollars on good solid Amazon training courses, join a few good free forums. One of the best in my opinion is the FBA forum on Yahoo groups.
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