The problem with others, is that they didn’t have the capital to compete with getting inventory and also promoting. With a product like that, you know the user is going to use more. So the seller will likely get aggressive with reducing the price to hook them on the back-end.
CleanTAS 426: PPC Strategies for 4th Quarter We Are Using to Triple Sales It’s that time of year again, 4th quarter! Are you positioned in the best possible way for your brand to get the exposure and results you need? What will it take for this year to end well for your bottom line? On this episode of The Amazing Seller, 10/18/2017 Free View in iTunes
First off, that is great news you are doing very well with private labeling. Secondly, I think this is a conversation on much to do about nothing (spiting hairs.) With that being said, you may have missed it, but let me point it out to you, quote:
I’m making between 10-12K per month… I only had $250 to start with, so I’m loving this business model… After graduating from school, I couldn’t find a job. And that’s how I got into looking for ways to make money.
No one will tell you their secrets on how to make money. All they will tell you is to self brand your items you source from China. Sounds easy enough. You do not need them telling you that. That wa…s the way to go many years ago but now Amazon is loaded with these types of products and you will send in many thinking you will sell them quickly. You help with sponsored ads but they are not cheap and will quickly eat into your profits and leave you with very little if any profit. You can watch their free seminars but I would not adventure any farther into it. If you could find something unique that you can source and their is not too much competition you might have something but stay away from the beauty, vitamin and so on. See More
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.
That said, not sure if I would recommend your average Joe to pay $4k for the upcoming course in April. Competition keeps increasing as always. Rapid influx of ASM-sellers has probably made this process 2-4 times as fast over the last year in PL type categories.
Of course, all of this is mostly my opinion and speculation at this point so I’m not sure what that is worth, although I have been in retail for over 15 years. I will post again at the end of the 30 days and let you guys know how it worked out.
In fact, I’ve had conversations with ZanyZebra and can tell he knows what he’s talking about. I’m still happy to honestly answer any questions about the course, but if anyone is looking for a coach, I’d suggest they reach out to him because I’m maxed out. I regularly turn down private coaching offers (as much as $10k once) because I know I can make more money growing my own business.
A 20% net profit margin sounds low to me…mine is about 40%. I’d be willing to bet if Daniel is making $300k profit per month, he has a good profit margin as well. I know some people with 50%+ margins on Amazon.
Special Amazon Seller Tip: If you do sell on Amazon or eBay, make sure you request feedback after every transaction, this will build your seller rating and will greatly impact your overall long-term business and sales numbers.
I know it’s not uncommon in the IM business, but if that’s what you’re doing, I personally think its a pretty crappy thing to pitch your services over and over again on a thread about the course you’ve basically lifted the info from.
If they themselves truly believe their own hype about how easy it is to do this – How about they offer a full 1 year unconditional money back guarantee for the price of the course if you don’t make at least your costs back. Cause it may actually take that long for MOST people to recoup their $4k investment…if they ever do.
I am an online marketer. My passion is to make money online. I like SEO optimization. Love to research keywords and work on earning top ranking in Google. I write online product reviews, share my personal marketing techniques and recommend the best way to make money online!
Like I’ve said elsewhere in the thread, finding the right product is trial/error so that’s why I think a good bit of your learning will be “on the job”. If you spend your whole budget on the course, then you’re missing out on a big part of the total education.
You will get to join me on LIVE monthly mentoring sessions where I’ll be teaching you the newest, most cutting edge online business and marketing strategies, while also answering your questions every single month. This will ensure that you never get stuck, lost or confused along your journey and someone is there for you pulling you towards success.
@Raam Dust – You’re right. Amazon do have rules in place because they don’t want solicitation from outside sources to ruin the buyers experience or abuse the system. If they receive too many complaints, they will shut you down.
CleanTAS 338: TAS Power Hour – Open Brand – Product Positioning – Keywords – Launching – Optimization and MORE! What are the latest developments with the TAS crew? What new changes should you be prepared for? What can you do to get the most out of your business? It’s time for another session of the TAS Power Hour! Scott, Dom, 3/27/2017 Free View in iTunes
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 dhgate complaints 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
I have purchased this program and quite amazed with the level of training – which is super easy and detailed. They really want people to succeed and tell others about this amazing opportunity because it helps them to make more money with every successful ASM launch. It is that simple. With their last launch they made more than 11 million dollars.
Date: The live webinars will be presented on Wednesdays at 2:00 pm. (EST). The first topic will be delivered January 4, 2017 at 2:00 p.m. (EST). Live webinars will conclude on February 8, 2017; however the recordings will be available on-demand for one year following the live presentation.
Exec summary – sufficient info to get you started, not as easy or lucrative as presented, expect to have to fill in a lot of missing pieces yourself, certainly not worth anything like the asking price
Having run Pinterest advertising campaigns for multi-million dollar companies such as Savings.com and working with brands such as Kraft, Musselmans, Smuckers and Arm & Hammer, today Toni runs her own media company and ecommerce store.
This course uses lectures and hands-on exercises to give participants real-time experience in setting up and configuring the BIG-IP Advanced Firewall Manager (AFM) system. Students are introduced to the AFM user interface, stepping through various options that demonstrate how AFM is configured to build a network firewall and to detect and protect against DoS (Denial of Service) attacks. Reporting and log facilities are also explained and used in the course labs. Further Firewall functionality and additional DoS facilities for DNS and SIP traffic are discussed.
This module explains to you how to list your items with the right keyword research. You will learn SEO, so your Amazon listing will rank on major search engines. Not only that, the simple trick to get long tail keywords for your products, this can help you outrank your competitors.
As with the ASM business model, real estate investing is not something you couldn’t do without training, but having guidance makes it easier and would likely improve your probability of success. Similarly, if you have access to a group of people utilizing the same business model, you can also learn a tremendous amount from your peers, and avoid some mistakes, as they share their experiences.
First, I apologize to those that posted questions asking me for answers. I don’t really check this thread frequently and didn’t subscribe to it because I already get way too many emails and don’t want to get distracted.