The year was 2011… maybe 2012, don’t really remember, anyway a fellow marketer came to me and said:
“Vladi, you have to check this out”
and gave me a link to a program called Amazing Selling Machine…
…and since I don’t like getting distracted online, which happens pretty easily, I devoted like 5 minutes of my time to the product (which was a little bit of a mistake, you can avoid the same mistake here)
Then this year I noticed Robert Kiyosaki started promoting the product himself and although I know he probably got paid to, I still think it has to be worth it for this guy to promote it. But it wasn’t just him, Sir Richard Branson also endorsed Amazing selling machine… and I know he doesn’t need to get paid to do it.
Anyway, the product is all about using Amazon’s “fulfillment by Amazon” program to stock your products in Amazon’s warehouses. You only have to find a cheap supplier, buy the goods and Amazon takes care of everything after…
…which is spot on, not like drop shipping, where you need to be superman to make serious money LOL… drop shipping works fine too though, you just have a lot of moving parts and scaling is kinda pretty difficult.
And since I only write articles that matter, I wanted to tell you how to sell stuff on Amazon with just a laptop and a WI-FI from anywhere you want.
You have to know the most burdensome part of this business model is finding the right supplier or manufacturer, everything else is marketing. Once you manage to find it, you will make as much money as you like if you follow what I’ll tell you in this post.
How to find that supplier
You need to choose your product first, then go to Google and type in your keyword in quotes followed by: manufacturer, private label, supplier like this:
…then to narrow down your search further include or exclude sites you want or don’t want to search like this:
Once you find a supplier, you have to ask them the following:
· Do they have, or can they get, the product you want (in the size, material etc.)
· Cost per unit
· Lead time
· Do they do labeling with your own brand
· How does the private custom labeling process work with them
· How to get set up to buy (deposits, method of payments)
· If you want to make sure they are legit company, you can ask for their
Don’t forget to ask for price tiers. Before you negotiate prices, be sure to START off asking for pricing at various levels, even if you don’t think you will ever order the top level. You just want to make sure that the supplier has it in their mind that you could be interested in buying (for example) 10,000 units at a time. So ask for MOQs at 200,500,1000, and 10,000.
Plus, this also lets you know how much price flexibility they have for negotiation. For example, if you find out that they’ll offer 100 units for $3.00 each, but that they’ll offer 1,000 units for $2.00 each, then you KNOW that they are still profitable at $2.00 per unit. This means you may be able to negotiate your 100 unit order down below the offered $3.00 price.
OK, moving on.
Once you cut your deal and prices and stuff, you have to know what to do on Amazon.
The first thing is open a seller account. You have two options which you will revise when you go open your account… I suggest opening a subscription account to be able to use all the features. If you are on a tight budget, you can use the free version.
I’ll only say I don’t like free, you make your own choice.
Then you go straight to adding a new product, optimizing your title, description and images and getting product reviews as fast as you can.
If you have someone you could ask for a review, do it… if not, run a limited time coupon campaign to get your first 3+ reviews, you can also run a contest or a giveaway or something, you need those reviews though.
People don’t buy stuff without reviews.
Alright, next step:
Set Amazon sponsored ads to get traffic to your product(s) right away and start getting sales… yes it’s that simple, everything is simple, those who complicate it don’t know that much about it. Follow up via email or phone your buyers and ask them to leave reviews, but don’t be too pushy (I’m sure you know that, but just in case).
If you have money, run paid marketing campaigns on Facebook, Twitter and Google… if not, shoot You Tube videos and create press releases for free traffic. You want to choose option number one for fast results, or it might take you quite a while to take off just like it is with everything else…
…and this is pretty much how you run a “fulfillment by Amazon” business, it’s nothing special, yet highly profitable, so you might wanna try it out right away.
I know you will kick ass on Amazon with this article if you decide to do this business, so let me know how it goes.
Here’s the link to the product if you wanna go straight gangsta: