Many successful businessmen have stated that failure is the key to success. If you are afraid to fail, you’ll never succeed. A failure for an Amazon seller is an important lesson in what the market is (or isn’t) looking for.
I’ve been in contact with a few other successful members and I think a lot of it comes down to really understanding the nuances of Amazon. They didn’t all have Amazon experience, but you can tell the successful ones just *get it* more than other people in the forums.
Don’t worry if you ever can’t make one of the group coaching calls. You’ll have the opportunity to ask questions ahead of time and can watch the full recordings with Q&A inside the members’ area anytime you want.
Sponsored Ads Mastery is a full blown, complete Amazon Sponsored Ads video course that two ASM Masters, Chris Miyamoto & Steve Watanabe, created. These are the same guys who run our Amazon Sponsored Ads campaigns for our businesses!
This opportunity is definitely going to get much harder over the next few months as another 4,000 people come through this course, making at least 7,000 official and x,xxx non buyers chasing the same products.
Nathan Resnick is the CEO of Sourcify, a platform that makes manufacturing easy. In the past, Nathan has brought dozens of products to market, ran three ecommerce companies (sold one), and been a part of projects on Kickstarter raising over seven figures.
ASM 475 – Management of Agricultural Systems – 2.00 credits: Capstone learning experience involving team solution to problems in agricultural systems management. Oral and written communications are emphasized. 2 lectures. Prereq: Senior standing.
There are ways to get around this, someone did mention it in the PAC forum sometime ago, but to me it seemed complicated. My thoughts are, this is a very good starter course, however you are not creating a brand for yourself you are selling other businesses brands.
I knew I was in the wrong place with Amazon Associates as it just seems to be too much time and effort for little reward for me, but FBA was out of my comfort zone so I never jumped in eventhough I bought what is now ASM6 3 years ago! I need to speak with you privately about how you did this! Can you send me a PM please?
Let’s invent a fictitious company. Let’s call it… Azzurent. Azzurent is similar to Walmart – lots of branches, lots of general, cheap products, and a steady, healthy flow of customers to each and every branch 24/7/365.
A few weeks ago I bought something on Amazon that seemed like it was fairly priced (and a good product), but probably didn’t cost much to produce. I ordered the product, found the supplier, and contacted them. I verified (through some questioning) that they were the supplier for the competitor. They wanted an initial order that would cost me $16K upfront and I negotiated with them a smaller initial order that will cost me $2K. I laid out that I wasn’t a cheap skate or a newbie, but that it’s going to take me some time to ramp up the marketing and don’t want to sit on inventory while I do that.
Hmm…I guess we came to the same conclusion, but my line of thinking is very different. The reason I don’t think her strategy would be very good goes back to the whole difference between selling your own brand (private label) vs selling someone else’s brand (retailing). It’s been discussed many times throughout this thread and as part of the ASM launch that it’s not worth describing in detail unless someone has specific questions. In short though, it’s a bad strategy that would be more likely to backfire on you.
As to that first suggestion, the answer is easy. Only a small portion of buyers take action and an even smaller percentage achieve results. Just like most books bought are never completely read. So there would be a lot of starving marketers if their income depended on the results of what they sell achieving results by buyers.
I didn’t go into detail but I’m actually very well versed in IP law for a business owner without a law degree. I’m not over thinking anything. I’m just providing a more detailed answer to the question.
Cynthia Stine is the founder of eGrowth Partners the industry’s leading consulting firm dedicated to helping Amazon sellers get reinstated and amazing amazons suspensions from the platform. She has a team to help sellers get their accounts back, ASIN reinstatements, feedback repair, suspension prevention and more.
In addition to the Allsvenskan Soccer IPO, ASM has debuted four other IPOs since the start of 2006, introducing Australian Rules Football, Formula-1 Racing, the Republic of Ireland Premier Soccer League, and Finland First Division Soccer to the ASM community of traders.
“Here’s a question….when private labeling products what steps are taken to ensure you are not infringing on existing design patents, trademarks, etc? Just because I find a product some overseas supplier has I think would be good to private label doesn’t mean the product isn’t already patented in the US. Does ASM cover this? ”
I can’t believe the number of people that think if they pay thousands for a course, then it will hand-hold them into success. You can get all the info you need to succeed, by reading over Amazon’s FBA info and/or by other info products that go into greater detail (like Proven Amazon Course by Jim Cockrum). I am in no way affiliated with Jim, just a person that has bought a few of his products and has followed his valuable advice. He has a real gem with his Silent Sales Machine eBook. And he even answers questions – how ’bout that …..
EDIT: I took another couple seconds to watch their second video. Apparently they are promoting the idea of creating private label products. In that case, high margins are possible. Problem is most people want the known item / brand.
Even this answer, while well intended, is simplistic. Trademarks are for identity/brand, patents are for design/process, etc., Products can be both patented and trademarked. And often the ENTIRE product is not patented as a whole, but in components/parts.
Regarding PRs, I didnt say I use PRweb, I was just confirming what someone else mentioned. I do use PR services but more high quality and high price ones now. With that being said, PR DO work, how do I know? One of my products were featured on a well know popular site in USA and the traffic to my product was massive and I also created an optin for another PR to test (that is another topic of conversion). It does depend on the distribution network one uses. Which is why I dont use PRweb, but it is a starting point. Personally any type of PR service that promotes serps increase I would stay away from. But as I said, starting with ASM tool is a starting point on budget.
From the previous month, our sales doubled, and we averaged about eight sales per day, which equated to about $125 in sales (about half of that is profit). Not “quit your job” type money yet, but we’re getting somewhere.
I currently belong to Lisa’s paid membership and have purchased a number of books from Skip McGrath including his wholesale buying guide just recently. I buy from others also and although a lot of material I get I already know and use I always seem to pick up one of two good tips that I was not familiar with and would never have known to search for them without purchasing various products.
I think this will help you, I wrote this post after receiving several requests on how long it takes, what it takes, etc. The post is called How Long Does it Take to Make Money Online. This post is specifically for niche websites and affiliate marketing. OH, and it’s absolutely crazy for any program to state that you will make 2K in 10 days. That’s what scams are made of.
Also I think that 30-day refund period might be a bit too low for that program (I think it should be 60 days), cause it will take some time to find a right supplier, ship the item to the Amazon and finally start selling.
CleanTAS 251 : How to AVOID Common Tax Mistakes in Your Business (CPA Guest) Running a business is complicated in and of itself. There are all kinds of things you have to keep track of including taxes. There are many common mistakes made when it comes to taxes and on this episode of the podcast, 9/5/2016 Free View in iTunes
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 since the start, those who’ve just started following along, and everyone in between. On this e ……
While nothing is perfect, to say the FB community is pure gold is imo an understatement. And while there are clearly people who do not succeed, there are so many success stories (to varying degrees) that keep popping up in the FB group (from people I know are real since I watched them when they still had basic questions and difficulties) that it is clear that as long as you don’t quit, you know that sooner or later you’ll get there as well.
Take classes in ASM’s newly-renovated $6 million Training Center. Our industry partners have outfitted our labs with state-of-the-art equipment to help students work with the latest technologies in materials science.
First, sign up for Amazing Selling Machine using my affiliate link. I make a few bucks when you sign up through me, but it’s far less than my private coaching rate of $4,000 per month for one phone call per week. You’ll be getting access to me – as well as the rest of The Tribe – for free when you use my link.
It’s not condescending to say that I don’t recommend a training program. I simply said that doing it (on a small scale) will teach you more than a training course will ever do. And the funny thing is that once you’ve actually done it, you’ll realize that most training programs are pretty rudimentary.
Continuing Education (CE) Credit: Each presentation is approved for 1.0 P.A.C.E.® credit. CE credits can only be claimed by the purchaser. ASM is approved as a provider of continuing education programs in the clinical laboratory sciences by the ASCLS P.A.C.E.® Program. All presentations are recognized by the California Department of Health and Florida Department of Health and qualify for California and Florida CE credit toward license renewal.
Domestic shipping is pretty straightforward, and that is what they teach. Overseas shipping? Not so much, and they lack big time in the content category for this. They actually talk about it, but not near enough. There is a lot more to overseas shipping than meets the eye, and if you want to know how to do it right, you will need to rely on the forums, because the course itself doesn’t talk too much about it. Most of the opportunities to buy products at wholesale are found overseas (as i found out), and there is a learning curve involved with that, and you are left on your own to figure out for the most part. I found that the majority of the questions on the forums centered around that, and if they just went more into the details of overseas shipping, that that wouldn’t be the case. That’s why the forums (and Facebook group) are so invaluable…
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 an 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.