Once your business gets to a certain point, you should have liability insurance just because. Importing from China means fewer insurers will cover you, and at a higher cost, but it is affordable, and there are specialized insurers for niches that commonly import, to help prevent overpaying for a policy. It’s great selling online without some of the traditional business risks, but you can’t escape everything all the time and sometimes you just have to suck it up and protect yourself and your business. In my personal experience without the importing the liability policy can be acquired for around $500, with the importing, around $1500-3000 (or more, depending, and that’s for a low risk category).
‘Amazing Selling Machine is our flagship program teaching you how to build a highly-profitable business selling your own brand of physical products by leveraging the power of Amazon. This is the most successful online business education program ever created. With thousands of successful students, Amazing Selling Machine has proven itself to be incredibly effective at getting people results, regardless of previous experience with selling online.’
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!
Now if you spent $3K on a course, and put all your hope into one product and it’s a dud (as others have posted) you are going to feel like crap compared to if you spend a couple hundred, and now you have the money to try something else to see what happens.
With that in mind, there have been many many people who balked at the price, yet still got inside and have seen amazing results. And many of them are in my coaching group, which I’ll discuss in a second.
You see, one thing that was apparent inside of Amazing Selling Machine was how simple the model is. Amazon does literally all the hard work for you – everything from shipping to customer service – so all you have to focus on is managing your inventory and getting customers (hint: I’m really good at the latter and can help you mightily with that).
Thanks for your comment Aby, can you sell your membership to Amazing Selling Machine? if anyone wants to buy your membership, I can certainly pass on your email if that is something you would like me to do.
It wasn’t until my girlfriend wanted to give it a try that I decided to join her in the program. Together, we started going through the Modules of the Amazing Selling Machine and applying all the steps.
The next logical thought is if the products are selling somewhere, why don’t the big brands (that have locations all across the US) just send products to other branches or back to a warehouse to be sold online?
I have a few friends who wanted to try out, after seeing my small success. But I told them not to join (due the expensive course fee). I am now working with them on a partnership basis on their amazon business, and it’s a win-win situation.
On IdeaMensch, Matt lays out his strategy even more, noting that, while he started out as an affiliate marketer selling other entrepreneurs’ products and getting a 40-50% profit margin, it didn’t compare to him selling his own product and making a 400-500% profit margin (!).
You showed a picture of 3 figures totaling $512K, what were the expenses, what were the advertising fees, etc. When you point out facts like I do here on Learn To Grow Wealth Online, you want to include all the pieces of the puzzle to allow the readers to come to an informed decision.
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Learn how to find, interview, hire, train and manage a team of Virtual Assistants in the Philippines for as low as $3/hour to help you run your Amazon business. This is an online training program that will help you automate and systematize your online business, freeing up your time to focus on what is most important.
Faculty facilitators will provide students with personalized feedback and coaching in one-on-one and group settings and discuss mentoring and career tips to ensure success in microbial science careers.
ZERO TO 100K PER MONTH WITH ADWORDS – the system was originally created by one of our customers, James Watson, and with his permission, Jason interviewed him, extracted all his knowledge about the system, and then described the entire system to you so you can implement it yourself.
Josh, thank you. I am interested in the community mindset. I have experience marketing and selling products. I am looking for like minds that are serious about discussing ideas. I am not interested in paying for a mentor.
Commercial photo quality label printers can be had for $1000 bucks now. Label your own stuff. Gives you flexibility on all kinds of print on demand labels for various products to avoid label setup charges and having to invest in label inventory. When a product volume gets established to hit MOQs, you can then go to pre printed labels and a manufacturer will take you on.
“As soon as we could get out of the deal, we did. The marketplace is an R&D facility for Amazon, where they look to see what’s selling and then sell it directly,” said former Circuit City executive Fiona Dias.
And, to be perfectly frank, for very many they’d rather not tell the world about ASM (for fairly obvious reasons). Many are also annoyed that ASM3 is coming onto the market and there is a debate to be had about whether or not it can be ever again.
Experience is experience. Doesn’t matter if it’s a lot or a little. I’m in a position to provide guidance to someone with my other business experience and the success I’ve had with Amazon so far. I’ve disclosed my experience and success. If someone wants to learn, they know what they are getting from me.
The price is very high! And those with success can justify the price. I myself have spent about $2500 on another system that has several tools to use and shows how to sell on Amazon. Because of my small success I can justify the price. If I failed I would say it was a rip off!
2. It makes sense to me. I own two brick and mortar businesses in two small towns in Florida, not major cities. Our primary business is personal services but we also sell about $15,000 a month in retail products combined between the two locations. If I am targeting the entire U.S. with my product line instead of two small cities and my current client base, it makes sense that I should be able to make at least twice that per month and not have to pay the overhead I have to pay with my locations such as employee wages, rent, utilities, etc. It will be almost all profit.
Everyone has to figure this out for themselves…I spent much more than the cost of a ASM on something Jim recommended and I ended up being so pissed off because I thought it was terrible. I respect him a lot, but it just didn’t work for me. ASM on the other hand did work for me, but it might not for you. There will be no way to know in advance, so you’ve got to do your best to figure it out and at least be comfortable with the return policy just in case.
So I have no product in inventory and it looks like it will be another week before I am up and running. I will go ahead and post another review in 30 days that should be more helpful with some real stats and figures, but here are a couple more things I have learned since the last review.
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…
it teaches you more than any other course online ASM does…..it has everything requireed to get you up and selling your private label or anything and i think its worked for more than enough people who take action and do as is required. you cant help non action takers…..no other course has software that i know of or email systems or seo systems. i think in a sense that is fully comprehensive to the best degree you can get
And there is just so much documentation on how to do those specific things! I just can’t believe a newbie would drop $3500 on a product when they haven’t attempted to find their own way. You’ll learn so much more if you just go in that direction yourself. I don’t believe for a second that you can actually be open/honest with the community members at ASM because they are your direct competitors.
1. If you don’t have a high earning product and have done most of the promotional work as instructed and you are ranked on the first page of Amazon for your primary keyword, move on to another product. It is either a dud or a low producing product. It’s a numbers game. Some people hit it big on the first product and some like me take a while. I found success on the 4th product.
Listen, we’ve been doing this for a while and our specialty is not creating and launching Amazon trainings — for that, we rely on ASM. We then spend our time creating additional value to our audience who follows the ASM model right along with us.
Thanks for the informed article. You really covered this well. I had a look at this a while back and it was the huge price tag that had me running for cover. Since then I have seen a few that do not cost an arm and a leg, training is good and so is the support. I think it depends on how big your wallet is. If you can afford this, then go for it as they seemed very legit and knowledgeable.
CleanTAS 234 : Product Selection and Growing Your Business Advice from $10 Million Dollar Seller (Chad Rubin) Every private label seller has dreams of their business going big. But very few think as big as what actually happened for Chad Rubin. Chad’s private label success forced him to create an amazing software solution for his biggest problems. 7/27/2016 Free View in iTunes
You also get access to the special PRIVATE online Amazing Selling Machine 8 community. This one-of-a-kind online community includes business owners from around the world — many that have built multi-million dollar companies with what we’ve taught. THIS is your opportunity to reach and meet other driven, motivated entrepreneurs that have gone through the same exact course. And of course, if you have any concerns or questions that the course can’t address, Amazing.com is here to assist you 24/7/365.
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 amazing selling machine 6 actually take that long for MOST people to recoup their $4k investment…if they ever do.
I have spent my money years ago on these big launches and I realized that if these guys was making the money they say they are why are they selling an info product … That is key to me. The go on to say in one of the pdf I download from Matt & Jay Boyer I quote it says … “How did creatng eBooks and digital products become so popular as a way to make money online? The main appeal was automaton and high profit margins. The big problem with this is that you need traffic to sell these digital products. Traffic costs a lot of money, so there goes your high profit margins. It also takes a lot of time to drive this kind of traffic, so there goes your freedom.”