As far as the mention of them using their tools to steal your information and promote your products themselves, I don’t see that happening. The reason is because their tools only allow you to promote a specific product on Amazon and get it ranked well. They have no idea if that product is actually selling well as that information is not recorded or tracked in the my silent sales machine They would be taking a huge risk by just randomly selecting products that are in the system being promoted not knowing if they are selling at all. It would be like throwing darts at a board of products. They obviously are doing well choosing their own products to promote.
“I just like the way that everything’s done in bite-sized chunks so you can work at your own pace and focus on one thing at a time and just get that bit done… then move onto the next bit. It helps prevent feeling overwhelmed.”
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The only products that have no real competition are patented and protected from “branding” by the manufacturer. A few of ASM sample “hot Items” are already patented by the manufacturer, try to make a similar design, and get sued. Look up the shaker bottle with the mesh ball and Gripmaster.
3. We carry some private label products in our locations now and the profit margin is much higher on those. With this strategy, we are creating our own brand and don’t have to compete with other sellers carrying the same exact brand of product. Of course everything hinges on being able to get the products ranked in Amazon but after 4 weeks of training, I will see if it really does work.
CleanTAS 191 : Zero to $100k per Month in Less Than 1 Year (TAS Listener Story) If you’re entirely new to the idea of private label sales, this is the perfect episode for you to hear. Today’s guest is a regular guy from Australia who began his private label journey from square one. David had no prior business experience, 4/18/2016 Free View in iTunes
To answer the liability insurance question, I already had a policy covering my local business so I just added private label products to that policy. I would recommend you find a local insurance broker, not a big brand insurance company because a local broker will shop several companies to get you the best rate.
CleanTAS 418: Ask Scott Session #129 – Test Order and Your LOGO – Influencer Marketing Tips – Prohibitive Product Confusion What is that next tip or idea that will take your brand to the next level? It could be just around the corner! It’s time for another session of Ask Scott here on The Amazing Seller Podcast! On this episode, 9/29/2017 Free View in iTunes
CleanTAS 320: How to Master Productivity and Get Stuff DONE in 100 Days with John Lee Dumas Everyone needs inspiration. We’d be nowhere if leaders and passionate individuals didn’t share what fired them up. Scott’s guest, John Lee Dumas will get you fired up and ready to go with his powerful lessons and insights. On this episode, 2/13/2017 Free View in iTunes
This is the thing that bothers me most about how these courses are advertised. You see people saying “Oh, I sell this for $20 and it costs me $5 from China”. Yeah, that’s all well and good until you figure in the costs to get it to you, to package it, to ship it to amazon, to sell it on amazon, etc. And then you have the period where you are gaining traction; it’s not like you just list and sell a ton of them right off the bat.
You either do a patent search or you ask for the manufacturer to show you their active license for that product. Or, you can get a license yourself from the patent holder. Some products with only a design patent can very easily be altered and produced without licensing. You can also go after products with no enforceable patents, meaning the patents are old and expired. Items like door knobs, or medicine cabinets (Things that I import personally) can be easily produced without any patent infringement. PM me if you want to know more.
Plus, when you register for an Amazon.com seller account, you can sell on Amazon’s marketplaces in Canada and Mexico. If you also enable FBA for products you list on Amazon.ca and Amazon.com.mx, you can reach even more customers across North America who love Amazon’s trusted fast, FREE Shipping.