Sales of 50 units per day (1,500/month) is probably a much more achievable goal for the average person, and with a $25 product / 40% margin, you’d be generating $15k profit per month in profit. Still not too bad.
TheAdsenseGuy, very good questions you ask of. Not to go into too much detail and review all the methods of A-S-M, there are two main ways to go down, although there are more. Option 1 – pricing your product higher, combining reviews and listing optimization. Option 2 – Lowering your price – in turn earning more money. (That is as much as I will say on that right now) this is all explained in A-S-M.
Heck i could be wrong, maybe this is the greatest product ever made (but I swear I see that once every couple months lol) but experiencing what I got for $1k last time this is a definitely a no brainer…dont buy!
So too often, people give someone credit for the ENTIRE success instead of the courses ability to deliver above the benchmark. The benchmark in this case is the free information that is readily available.
You have to laugh, I’m reading all these affiliate bonus offers for this course, they tell you how great it is, then tell you that you need their special bonus xyz and abc to be successful because it’s not in the course
It is just crazy .. i just hope someone can take it all from me and give me my money back and i will give them all what i have worked on .. i will SELL IT .. YES .. just if i find someone to pay me my money that i spent
Then I thought about it, Jim Cockrum has the courtesy to come on to these forums and represent his product and reputation. I do not see ASM coming on these forums. Thank you Jim ! Nothing in life is guaranteed but your course is a small cost for educating me in what might be a life changer. THANK YOU JIM !
That is SO TRUE. My brother is on his list too ….. initials are MC. He’s holding “special webinars for only his subscribers” to promote this product (tries to make everyone feel special). Him and the others promoting this only have to sell about 30 copies to pull in 100K – knowing full well that most people won’t be able to refund since it’s only 30 days and not long enough to get a real feel for it, if you’re a beginner – which is 80% of their target market.
My NET profit is margin is 52% excluding shipping fees (to amazon) product creation, FBA fees and any another fees included. You can work out the math, in my case I am making a healthy profit on a small number of units, as I increase my orders the cost of my product WILL reduce, like in any retail business, the more one buys, the cost is less.
As far as I know Amazon seller accounts are in general not transferable, while in theory you could sell your brand and any external ecommerce websites etc I think selling the Amazon account and everything associated with it, product listing, history, reviews etc, which would be 90% of the business value, is not allowed… yes I know, a bummer
CleanTAS 277 : Ask Scott Session #84 – Your Business and Marketing Questions If you’ve got question or curiosities banging around in your head about selling products online, Amazon private label, online marketing or business, then you have hit the jackpot! This episode of the Amazing Seller podcast is aimed at answering questi 11/4/2016 Free View in iTunes
ASM – The email auto responder which is linked to your amazon account so you can email your buyers either provide additional advice on the product they have bought from you or recommend another product to compliment it, this is a a great way to improve conversions.
CleanTAS freedom mentor review (Special Episode) TAS Podcast Turns 3 Years Old Today – Lessons Learned and Future of Ecommerce Welcome to an exciting episode of The Amazing Seller podcast! This episode marks the three year anniversary since Scott started podcasting. He is so excited and fired up to celebrate and mark this special occasion with followers who have been with him . 2/9/2018 Free View in iTunes
I agree with your critique on the general retail arbitrate strategy. I know some people that specialize in selling a certain type of toy and they know it very well. They buy them on craigslist, they buy them on closeout, and then they sell them at the right time. I still think it’s a little too much hustling for my liking, but some of them have a passion for the product so you can call it a hobby as well. Personally, I’d rather sell for slimmer margins and then figure out a way to squeeze margins out of higher margin add-ons.
Matt Clark and Jason Katzenback only train you to be a one-trick pony…in a field where you can have multiple income sources and strategies. And that one trick is not something I would ever recommend anyone start with. It’s like shoving meat down a baby’s throat before they have been weaned – potentially very dangerous. There are easy (even free) ways to START selling on Amazon that will allow you to learn the ropes without risking thousands of dollars. My suggested steps are outline here.
CleanTAS 250 : Ask Scott Session #75 – Your Amazon FBA Questions When was the last time you sat down to pick the brain of someone who is experienced at what you’re learning? It’s always a great experience where you get to learn what you don’t know. That’s the flavor of what happens on these Friday episodes of 9/2/2016 Free View in iTunes
CleanTAS 335: (Student Update) The Challenges and Growing Pains after $100k Month on Amazon Success stories are great! But it’s also helpful to hear about the challenges that come with the success. Challenges are something everyone can relate to. On this episode of The Amazing Seller, you will hear from one of your fellow TAS followers, 3/20/2017 Free View in iTunes
$1000 is a small fee to start a business, but a lot of people don’t have it. This is why I recommend newbies to start doing ecommerce/dropshipping. You can start with literally less than $100, everything included.
I am not a wannabe. I have sold over 2500 units online (both EBay/my website) of an imported niche product that I developed and branded in the course of the last 2 years. The hardest part of this game is figuring out the product and getting the best supplier for the best landed price. Everything else is relatively straight forward. And as long as you can “buy right” for a relatively decent product – you most likely will never suffer a loss on your inventory…