I have decided that buying low and selling high on amazon is the best way to go (for me at least). There are descent services that help you find products. I use FBAMyLife dot com, but FBAfinds is also good. These services find products for you to buy and resell (for a price of course). But they are helpful.
Very interesting article. You made me discover something I might get into as soon as I start making profit with my website. Amazon is a great site and I did see how to buy in bulk on Alibaba and other sites. It really seems like a fantastic opportunity and you’ve succeeded in spiking an interest for me to start doing it. Like you said the price is pretty expensive so I have to hold off for now. You have a great article .
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.
I’m fairly certain the video said that you had already launched the second product. Regardless, why would you be offering training, and giving away a potentially profitable product to a client instead of launching more products yourself? Or at least maximize your current product, which you say has the potential to have sales of $100k per year.
CleanTAS 311 : How to Earn Extra Money FAST While Still Working 9 to 5 Job with Nick Loper One of the biggest obstacles to people who are considering the private label approach to online business is the cash to get started. But you don’t have to wait for a winning lottery ticket or go rob a bank. 1/23/2017 Free View in iTunes
CleanTAS 378: Amazon’s NEW Early Incentivized Review Program and What Does This MEAN for Sellers? Have you noticed Amazon’s recent roll out of their new early incentivized review program? If you didn’t notice it, you aren’t alone! Amazon kind of quietly rolled out this new program that could make a huge impact for non-brand registered Amazon s 6/28/2017 Free View in iTunes
My criteria for purchasing any product on Amazon basically is to try to buy products that I can list for 3 times the price I pay for it. Because Amazon takes about 40 percent of any sale using this method guarantees I can make a profit.
Here is what I know…I purchased the course they came out with last year that they sold for $1k…was it worth $1k? Certainly not! I guess if you were complete newbie it would be helpful but still i think it was overpriced. It had a few gems but for the most part it was basic information most IM’ers know or know where to get it..especially for less than $1k. In addition the forum was super weak, I found it extremely difficult to find a http://studio-5.financialcontent.com/pennwell.ogj/news/read/35644596 that you could make any margin on. Its like someone said above…its probably harder to find these “opportunities” then it is to put together and sell a high priced course.
It did better in November. January we had an issue with supply and couldn’t get product made quick enough. This was due to our unexpected volume in December, we had issue getting inventory for two weeks.
Maybe if the people that create the products made them simple so anyone could follow and went into intricate detail then more people would finish the course. Instead of spending more time on creating a hyped up sales Page or Video that states it is so simple a child could do it, Just click this button copy paste and you are done or look over my shoulder and I will show you how.
Now we are in agreement on that, but here is where it gets sticky: is the seller well versed enough in the industry to be well aware of ALL of a particular company’s designs to know when they are or are not potentially infringing upon a design?
Big brands run like well-oiled machines (most of the time, at least), but they don’t go past the basics. Yes, Walmart, Target, and Costco are absolutely trying to break into the online space, but in late 2014, Walmart was only doing 3% of its sales online…
That’s not exactly my point, I’m saying looks like Some products just not showing up in search that’s is why nothing selling. And by already paying 15% to Amazon in commissions I’m not feeling comfortable paying even more to promote my Amazon product, why do I need them then? How do I sell then If product no where to be found?
If you have some money to waste, then maybe buy ASM and check it out. Personally, I STILL believe that you’re better off just starting off by selling SOMETHING in your house and then build your way up from there. I think the people that are successful with FBA would have been successful anyways; once they put their money to selling on FBA that is.
CleanTAS 220 : Ask Scott Session #65 – Your Amazon FBA Questions There are so many things to learn when it comes to selling a private label product on Amazon. But you don’t have to learn it all from scratch, you’ve got a friend who’s been down the road a bit farther and is willing to help you get going and be a 6/24/2016 Free View in iTunes
I can show you a day where I did 250 unit sales per day, does that mean I made $300K in a month? If I was an enterprising internet marketer, I would pump sales to my product for one day and then just extrapolate that out for the year. Besides, the reports that these guys use are misleading; they don’t include the fees that Amazon takes.
CleanTAS 267 : The Future of Reviews and Amazon Sellers (Round Table) As you’ve probably heard by now Amazon has changed its policies regarding whether or not you as a private label seller can ask for a review on your product in exchange for a discount on the product. What Amazon has said is, “No, you can’t. 10/12/2016 Free View in iTunes
DEALING WITH NEGATIVE REVIEWS Negative reviews are at the top of some of the worst things that can happen to an Amazon seller. So what recourse do you have? Should you respond to the negative reviews? Abandon the listing and start a new one? On this episode of The Amazing Seller, Scott walks through several ways sellers like you can deal with negative reviews left on your product listing. One thought that Scott shares is to consider offering a new and improved product that resolves the reviewer’s issues free of charge as a response to the review that they left.
However, after thinking about this, I don’t consider this to be a downside at all. I like the fact that there is a high barrier of entry for people to sell on Amazon, as that means there will be less competition and it will be easier for people like me to get in early and take advantage of this growing trend before everyone else.
Why only semi? One of the biggest issues with drop-shipping is keeping product costs down. Products that are bought cheaply can generate a hefty profit for the seller once they are marked up. This is exactly how Wal-Mart makes billions of dollars from seemingly low-priced goods.