Use Great Images. Must be on a white background. One of the most important elements. The thumbnails need to be eye catching. Make sure they help sell the product. Tell a story. Lifestyle photos do really well. Think of it as a mini catalog.
Unlike other events that focus on inspirational stories and high level BS, the Sellers Summit is a curriculum based conference where you will leave with practical and actionable strategies specifically for an ecommerce business.
CleanTAS 393: Facebook Ads Training – How to Find and Drive Traffic Using Facebook Ads and Increase Sales with Rick Mulready What does it take to build a successful email list? How do you find your target audience? If you are having a difficult time navigating these difficult subjects, don’t worry – you’ve come to the right place! On this episode of The Amazing Seller, 8/2/2017 Free View in iTunes
2. As for shipping. Courier is mostly used for samples, both for time reason and difficulty you will get yourself into to ship anything less then 1 cubic meter by sea, let alone all the custom clearence documents you need to cover. It’s simply not worthwhile to ship sample by sea, or any smaller quantity products(considerring AMS covers mostly smaller products, 1 cubic meter could be thousands).
And regarding your examples that you laid out, it’s always easier when we’re just speaking in hypotheticals I guess it depends on how you define your margins. Some people saying “My gross margins are 66% because I buy it for $10 and sell it for $30 on Amazon” while others will define their gross margins by 33% because they deduct the Amazon fees and transportation costs associated with selling it. The latter is more accurate in my opinion.
based on my journey and another member who has absolute zero experience with FBA private labeling. I think I have been doing ok for the 4 months in this business. I have been making $200 on avg a day profit, plenty of room to build on this with more products, I currently have 1 selling ok, and just added another one within the last few days.
CleanTAS 219 : 7 Figure Seller Shares Advanced Marketing Strategies Using Email and Facebook Ads When Scott attended and spoke at the Seller’s Summit a few months ago he met Mike Jackness, an Amazon seller who makes over 7 figures from his private label products and the two of them hit it off right off. 6/22/2016 Free View in iTunes
While you may think this is just “splitting hairs”, describing your profit margin as before the cost of your product is flat out wrong. Im not saying you aren’t profitable, but Profit Margin is NOT just Sales minus Amazon Fees. Either you weren’t only talking about Amazon Fees or you don’t know how to define Profit Margin.
That said, the ASM course is still solid, but the opportunity is rapidly decreasing. Don´t expect epic success with “only” hard work and full dedication. If 10-20% had great or massive success with ASM1 (my guess), then I would expect that number to be more like 2-5% this time around, tops.
How often do you find someone in the business related podcast/literature community that gives so much information for so little? It’s full of actual specifics and actionable items. Not a bunch of fluff http://soccerout.com/news/amazing-selling-machine-course-evergreen-launch-2018-start-an-ecommerce-business/0045744/ “go get ’em kid!” A true find.
So, since you’ve already learned how to sell – the next secret is buying for the right price which will enhance your margins. If you buy for the right price – you have a very small chance of getting stuck. For example, if you are buying your own product for $10 landed and selling it for $24.95, then if all else fails and demand dries up or competition jumps in – you can always drop down to $15 sales price and still recoup everything after all costs.
If someone is barely making rent or barely able to buy groceries, do not go with the Amazing Selling Machine. You’re looking at 5K on this overpriced program, then another, at the minimum, 5K in importation and marketing fees. And you could easily spend up to $20,000 dollars and still not have a super profitable importation business.
Why only semi? One of the biggest issues with drop-shipping is keeping product costs down. Products that are bought cheaply can generate a hefty profit for the seller once they are marked up. This is exactly how Wal-Mart makes billions of dollars from seemingly low-priced goods.