So, with this info, let’s say one *good* product can earn $20,000 per month in profit. That’s $240,000 in profit PER YEAR for every good product. Now, let’s assume each member of Amazing Selling Machine provides $1,000 in (one-time) profit to them after affiliate commissions and other costs.
I’m glad panorama saved me the trouble of having to correct all the errors in milla04 post, but it all just shows the point I made previously, that after fee’s, product and shipping costs you are lucky if you are going to make a net profit of $10 per unit on a typical ASM product priced at $25-30.
After that, you will learn the right way of creating your first product listing while you’re waiting for the inventory to arrive. You will learn things like finding the right keywords, copywriting for your listing page, creating images, & all other listing components.
For those of you that have been around long enough, around 8 years ago Stompernet was launched with an annual membership price of close to $10K. At least with that, you were tackling something that was a little tough to navigate on your own. Sourcing products, building an e-commerce site, email marketing, analytics, testing, etc.
If someone is barely making rent or barely able to buy groceries, do not go with the Amazing Selling Machine. You’re looking at 5K on this overpriced program, then another, at the minimum, 5K in importation and marketing fees. And you could easily spend up to $20,000 dollars and still not have a super profitable importation business.
Amazing FBA, led by Michael Veazey, is a Podcast, community and set of resources for any UK Amazon Seller (though we welcome all visitors, including our many American, Australian, Canadian and German visitors).
I started selling and found alibaba organically. This podcast takes what I was doing previously and provides and an opportunity to see it through a new lens. I never considered some of the intricacies in the way that it is presented in this podcast. If you have the desire to push yourself further and want more out of life you now have hundreds of mini seminars at your fingertips. Thank you for this podcast. I started on episode one and am working my way forward. I had no idea there were these selling communities. You were featured on a small business podcast and that is how I found you.
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.
My post on different courses isn’t really meant for someone at your level. If you don’t mind spending some money to pick up just a couple of golden nuggets here and there, private message me and I can recommend a couple of worthwhile course options not on that list that might suit your needs better.
CleanTAS 481: Ask Scott Session #148 – Best Shipping Method – List Building with Influencers – HELP with Creating Listing What have you been struggling with lately as you continue on your journey to build your ecommerce business? What milestones have you been celebrating along the way? What lessons and advice have helped you take your business to the next level? 2/23/2018 Free View in iTunes
If you have any questions I will be happy to help as this course is only on sale for a week and who knows when it will be on or if it will be for sale again. So please me a message and I’ll be happy to answer any questions you may have.
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.
You will see ASM-type sellers all over the place. For the “easiest to source and private label products” it is almost funny to see all sellers with with their close to identical wording, fonts, image-types, promos etc. (BEST seller, add to cart NOW!).
The answer? You certainly can if you carry out due diligence! There is at least 1 affiliate whose bonuses are worth more that the total amount asked for, let alone the net price of the course (ie without affiliate commission)!
I didn’t buy Amazon Selling Machine but it seems the Amazon Selling machine product is more about removing yourself as much as you can from the process such as focusing on the “Advanced” FBA concepts of using suppliers that ship/label for you and send to the Amazon FBA warehouse.
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.
I have 1 product that I buy for 0.50 landed from china (meaning shipping and everything factored in) that I clear $1.85 (after all fees and COGS). The ONLY reason I sell it is because it sells reliably and consistently and why not? it’s amazon training courses extra few hundred a month and it costs nothing. I would not go LOOKING for another product like this, but it was something I already knew about.
For the first time ever, an all-in-one automated system with direct FB ads integration that will allow you to automatically track data and important metrics across every single campaign you run with Facebook ads across any platform online (all ecom stores, any sales funnels, affiliate promotions, websites etc). All of this under one dashboard, to get a clear view of your business performance and your important numbers and metrics.
I gave it a few more shots with other products with the same results. I know people that were able to get a good product on their first try but in reality there is nothing in the training that will show you how to do this and not fail. The training will just show you how to find products and suppliers, methods you’re probably already aware of.
WOW, that’s very good info. I was about to pay those $4000. I will continue looking for more free info online to try to build my business and see how it goes. I’ve been studying a lot, seeing a lot of videos, etc. thanks for the comment.
If you haven’t already, be sure to check this free video from the creators of ASM which covers how to pick the right product to sell on Amazon. They then explain how to build and scale an Amazon business to $100,000 per month.