Other things to be aware of is products that have a history of recalls or falling under a category that often has recalls. It’s one reason I would not (personally) get into children’s products– too many regulations and hazards.
Product Research: The amazon workshop review (Best Seller Ranking) is an important number. Although not exact, it works as a good gauge to see how you and your competitors are doing. Locate the number at the bottom of the page, below the description. A BSR around 10,000 equals about 10 units sold per day. However you always want to do your homework. Here’s how you do the math.
Collecting hundreds of millions of keywords isn’t easy, but the real work comes in understanding what keywords to use and when to use them. Our algorithm uses artificial intelligence to do the heavy lifting so you don’t have to worry about it.
For example the average inventory costs for product 1 are most often somewhere between $500 and $1000. This figure comes from the over 150 new ASMers I have coached through the learning process. I have direct access to the figures.
When you Own your “PRODUCT” you only limited to that Niche/Product which could Go DEAD overnight. I’d prefer Resell somebody Else product make 30% ones product goes Dead, Move to another product , Rinse and Repeat. While Drop shipping/Reselling you can sell 1000’s of Product while “YOUR BIZ” PL
I read a review by Jordan Malik on his blog and viewed some of his YouTube videos. He, an experienced Amazon seller, tells you why he doesn’t support the ASM hype, why he considers it grossly overpriced, and also points you to far cheaper alternatives to ASM. There are several books on Amazon on Private Labelling; according to Malik private-labelling is not without risk.
Well, to be frank, I think I know a decent amount about SEO. I’ve been doing this since 2005 and have generated millions in sales from organic traffic. I also know that “trickery” that used to work in 2010 doesn’t work today. I stand by my statement that tools like this are simply re-purposing old software that they can’t sell as “SEO Software” anymore. Instead, they call it “Amazon Software” and expect everyone to fawn all over it. Of course, backlinks still work, but crappy push-button backlinks don’t.
Agree…if you are hell-bent on finding this information for yourself. The information is out there for those that want to find it themselves. Time is money so if you don’t want to look up this info for yourself, you need to pay someone to give you the info all in one place, ie. ASM + private community. (Remember when you had to actually get up to turn the channel on a TV set? Remote controls made this a thing of the past but you had to pay extra for it.)
I doubt that ASM is having a huge impact on the competition anyways because private labeling is just something that anyone selling on Amazon would figure out. I think ASM probably appeals to people with no experience on Amazon and they think of it as some sort of “secret”. But if you’re doing even small volume on Amazon, this should be a logical next step.
For a long time I was very curious on how to sell products on Amazon and invest as little money as possible. I have read a ton of educational materials online and even tried reselling products from China on Amazon but I could not get desired success as I was doing something wrong. These were my main concerns:
I’m giving away a Amazon giftcard with value $1000 to every customer who purchase through my affiliate link. If you have any questions or proposals about this bonus contact me on email@example.com
CleanTAS 382: Ask Scott Session #118 – Open Brand to One Brand Steps – Failed Launch Tips – Product Success…Now What? It’s time to get fired up for another exciting session of Ask Scott on The Amazing Seller! This is the place where TAS followers like YOU get to ask your questions to tough issues you’ve run into while trying to build your ecommerce business. 7/7/2017 Free View in iTunes
While all of the Modules are impressive and the best that I’ve ever seen, the other valuable parts of the program I’ve found to be are the Community Forum and the Facebook group. There are literally THOUSANDS of members apart of the Amazing Selling Machine community, which makes it very easy for networking and interacting with others.
I’m a little dubious about all this. I know the argument will be “Hey, plenty of money for everyone!”, but I kinda have a hard time believing that someone with $2M in revenue on amazon, making 60% profit margins (per their video), for a net profit of $1.2M would be selling a product to the masses about doing what they are doing. Why would you? Wouldn’t you just quietly add to your empire and then when the whole thing is about to blow (from competition), THEN launch this ASM product.
CleanTAS 319: Ask Scott Session #97 – Borrowing Money – Supplements and RISKS – Knowing Total Costs in Your Business Are you ready to take the next step on your journey to success? What piece of wisdom or encouragement could help you as you venture out into the unknown? Scott is pumped to bring this week’s episode of The Amazing Seller where he tackles audience ques 2/10/2017 Free View in iTunes
This course gives networking professionals a functional understanding of the BIG-IP DNS system as it is commonly used. The course covers configuration and ongoing management of the BIG-IP DNS system, and includes a combination of lecture, discussion, and hands-on labs.
In addition to the mentors, you will also be able to interact with other ASM members who are going through the same process as you are. I have witness many occasions where one member helps out another.
If ASM was simply another online drop-shipping class, it would probably cost no more than two or three hundred bucks. However, as Matt Clark noted above, a business is more worthwhile if it generates high profit margins.
Here’s my opinion, if you are on a limited budget then you should just figure it out on your own. If you’re smart enough to make more and more money each month, then you’ll eventually get to the point where it will all make sense and you can make a go at private label (that’s what I did).
CleanTAS 436: Ask Scott Session #135 – List Building Numbers – High Priced Products – Trademarking Pros and Cons Are you ready for another week to tackle your goals and move one step closer to successful ecommerce business you’ve always dreamed of? You’ve come to the right place to get fired up and ready to go! On this episode of The Amazing Seller, 11/10/2017 Free View in iTunes
The Good / Matt Clark continues to put out a high-quality product year after year. His consistency and dedication to ASM is great and he is providing a 6-month guarantee that if you follow the system, and don’t make any money, he will reimburse you for anything spent out of pocket. However…
After all, would you rather come to an event and listen to a bunch of random entrepreneurs tell inspiring stories about their past or would you rather come away with real, actionable strategies that will actually make you money?
I know you’ve got a good size email list, but saying that you “gave up” $17,000 by not promoting ASM is very misleading because it’s just hypothetical. It could have been more, and it could have been a lot less…I know a guy who thought he was going to make a lot of money just by emailing his list and he didn’t make one sale.
It does take a bit of time to get the ball rolling when you first start an online business, but once it gets rolling, it has a snow ball effect. Check out this post to see how long it takes to make money online with this approach.
The name of the game with these sites is to build relationships. They are typically agents who will deal with the manufacturers on your behalf. With Alibaba, there’s a lot more back and forth. Ask a lot of questions like:
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).
You certainly don’t have to answer this question, but I’d be curious to know if you make more money (net profit) from selling on Amazon FBA (not including your books) or as a Marketer (through selling your tools, books, coaching, affiliate commissions, etc.)
CleanTAS 213 : How and When to Sell Your Products on Amazon Japan (step by step) You may have noticed lately that Amazon is advertising within your seller account for their non-U.S. sales platforms. They are trying really hard to get current sellers to expand into different marketplaces. 6/8/2016 Free View in iTunes
Scott’s materials for selling on Amazon are priceless. Wow. The podcast is awesome, but my only gripe is that there are so many episodes (380+ now?!) that I can’t get through them all in one day! The …Kindle book is great as well, it’s probably the best place to start before launching into the podcast. Now I’m about to start the Pay-per-click training on the website. With Scott’s instruction, I’ve identified my product and I’m currently sourcing samples from Alibaba while preparing my website and launch list. Can’t wait. Highly recommend! See More