Brief notes from the session:
Good planning + massive action = possible profitable results
Learn something new because you try. Most successful people learn from failure and get used to failing. Successful biz owners fail a lot.
Why Amazon?
Amazon global search : buy more than 100 free shipping to singapore
Electronics is very cheap. Good thing is no pirates stuff
Why Amazon? 304 active customers
171 million unique visits per month
20 million prime customers
Prime customers got to pay us99 per year to become, free storage up to 2gb and free streaming of music tv shows. Prime is free super fast for USA customers to receive/ free shipping
No fees for listing
No charges
Wiki invest on Amazon
Things you do not need
No website needed
No need to drive traffic - so many visitors u can get 5-100 visits per day
No need to write blog
No need to advertise
3 ways to make Amazon
- become affiliate - 6% commission (you sell Amazon products). You can sell branded product, you can use Amazon link to grow your branding e.g. Sell branded stuff
- Amazon kindle book publishing ( time consuming to write )
- Sell items to Amazon FBA ( earn up to 400%) fulfillment by Amazon - automated method
You send products to Amazon
Use alibaba b2b website which provides wholesale pricing
Escrow -> order the product, pay the money to alibaba first, will only release the money if product is good quality and satisfied
30 FBA warehouse in USA
Amazon will store the product, picks and pack and ship products to customer
Send things that sell
Research
Step 1 find a high demand niche market
Preferred above 20,000 search volume
Search key word
Buyer key words
If he search "popiscle molds" in Amazon they want to buy. This is different from google search.
See reviews add one zero behind is the quantity been sold. Out of every 10 sales, you get 1 review.
Step 3 find online china sillier and order them send them to Amazon FBA
Sell multiple colours
Ensure your niche is in the top 3 suggestions keywords on Amazon.com
E.g. Fire pit top 3 shows fire pit cover,
Amazon seller plans
Professional us39.99 per month
Can run deals
Comes with Business report - conversion rate
Amazon gives priority to pro sellers
Individual 0.99 per item sold
More than 40 sales then upgrade to professional
Amazon fee 15%
Wholesale
Private label
Amazon will rotate in buy box, two customers they will prioritize, Amazon themselves, FBA sellers and merchant sellers. They don't like things in their warehouse
Not more than 4-5 sellers in the Buy Box. If not u will get rotated to be on the left side front page.
Us buyers don't do extensive research unlike singaporeans.
Private label
Your own brand
Unless u order more than 500, then put own mould logo. If not don't bother.
Cannot find idea - go daiso to see
BSR #15 in home & kitchen
Make us21k
Himalaya glow lantern case study
The class can learn
Research - identity what sells very well on Amazon
How to find competitors
Their average sell price
Sourcing - Negotiate
Promotion - get more sales by ranking your product on Amazon
Focus one or two products.
Profit from 50-500% per sale through private label
Starting capital $100 to get started with wholesale
Expect up to 100+ sales per week
Peak season sells up to $100,000
Toys cannot buy from Alibaba
Proven china and USA suppliers we use
Spare 1 hour per day monitor your sales
A working laptop
Extra coaching
Session 1 - help in your listing
Session 2 - help in promotion
3 x online coaching
1 hour one to one skype call
ReplyDeleteHello,
we provide affordable and result-oriented SEO services, please give a chance to serve you.
Thanks
Admin: E07.net