Spent 3 weeks up in Cotacochi (north of Quito and worth the day trip – about 2.5 hours in car for 60 USD’s) checking out leather products to import. The prices are awesome for coats, bags, and saddles – But working with the companies there was not efficient for drop shipping purposes. Good products though – tons of artisan goods at great deals. You can also hike the volcanoes around there as well, elevations starting at about 10,000 feet though.
Ok lets assume you can test market your own product “Bobs” silicone spatulas, and you can try a small quantity, and at least start at a break even price as you market your brand. WHY would anyone buy your item vs an established top selling item??? Answer better price, ok now try to sell your item, against more established sellers, again and make a profit or break even.
You will get to join me on LIVE monthly mentoring sessions where I’ll be teaching you the newest, most cutting edge online business and marketing strategies, while also answering your questions every single month. This will ensure that you never get stuck, lost or confused along your journey and someone is there for you pulling you towards success.
I started researching and learning about FBA Private Labeling largely through Scott, and listened to just about all of his podcasts minus the last 10 or so. His podcasts are tremendous, and helped me learn a lot in the beginning. However, I find that now I’ve come to the point where I’m learning nothing new from his podcasts. I find the most value in his interviews at this point. I kind of stopped listening to the podcasts a couple weeks ago and just focused my energy in sourcing and setting up my biz etc. Which really, this is the way it should be. It’s good to always be learning, but Scott’s podcasts are still geared towards new people just starting out, so there’s a law of diminishing returns and I don’t think it’s as crucial for you or I to keep listening to every single episode (the dude busts out 3 a week, it’s a lot to keep up on!)
The thing is, sometimes you have to try a few different products to really find a great one. Some people are very fortunate and find a swift seller really quickly, others are not. But the thing is– you typically have to try a few things.
I have seen many so-called “newbies”; turn into “Jedis” overnight. For example, I know a guy who was asking how to do this and that. I do not exactly remember what he said, but to me it sounded like a “how do you hold a pen, so I can draw?” kind of question. I was surprised to see that, last month, he posted on Facebook that he was making $9,000 a month!
This amazing selling machine is meant for experienced marketers who want to increase their income by expanding their businesses. Since it’s a high ticket program, you need to have the money to buy it and a few more dollars to invest in your first products. If you lack the experience or you are struggling with your finances then the program is not meant for you.
Depending upon your previous experience selling on Amazon he endorses essentially 3 to 4 products. The one Malik likes best is “Proven Amazon Course” by Jim Cockrum which he considers easily worth $10,000 with all its info. You also get lifetime access to “Selling on Amazon Mentorship Series” as a free bonus. If you are a complete newbie, according to Malik, you will also need Andy Dew’s “Dewable course” currently at $99. I have just bought Jim’s course for $97 with lifetime access and updates. I think that was a savvy decision which just saved me approx. $3900!
@Lost Leader – there is also a live event for ASM. The most recent one was last week and over 1000 members attended. I have to say it was awesome – many of the speakers were great and I finally got to meet a lot of people in person and discuss various strategies face to face.
Keep in mind many established products have spend years developing their brand, competing will be very difficult, to establish a sellable price, expect to discount your price considerably if the product has a real following.
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But honestly, unless you’re looking for specific info (like expanding internationally), the best option for someone who’s already at your level is to just network with other successful sellers. Develop a close group of people you trust and communicate with them regularly.
I don’t think it is luck here… They put specific criteria to pick a product.. These criteria are in the free videos (also they supply a list of 17 hot products at the moment). I guess people with such free information will deliver huge value for this high price.