Are you new to selling “physical” product on Amazon or eBay?
After having helped thousands of sellers succeed on those two platforms, I have some of the most universally ignored, yet entirely sound advice you’ll ever get about succeeding on those platforms.
Here’s the tip:
You make your money when you buy your inventory – not when you sell it.
If you want to begin successfully selling physical product online, that should be your mantra. That statement doesn’t seem to make sense until you understand that RESEARCH is what makes you a winner in this game. It’s all about being as certain about your results as you possibly can be BEFORE you commit to buying any inventory that you hope to resell.
This simple tidbit of advice has steered many of our students away from disaster. I can’t stress enough (especially for newbies) the importance of learning to do proper research before buying inventory. We get clients all the time who unfortunately poured piles of cash into 1,000 units of a widget before they met us. They poor souls were SURE they could move their “great deals” later at a high profit margin.
Most often these gullible newbies were told in a course (not our course!) that the secret to riches was in going “all in” in a single product and then marketing like crazy (aka SEO, feedback tricks, ppc ads etc.). That model DOES work…about 10% of the time. If you are really paying at tenting you’ll note that a 10% success rate is just about enough “success” to keep the “big launch” wheels turning – with course after course promising riches following the same mostly broken model.
If you want something more predictable, steady, proven and reliable however, I suggest you heed my advice.
Success selling physical product is NOT about creatively marketing inventory after you’ve poured your money into buying a pile of it. Instead, success awaits those who cautiously purchase ONLY the items that they KNOW will sell – and sell quickly, profitably and predictably. Slow and steady incremental growth is the battle plan. Quick hit, overnight riches based on one large inventory buy is a path to nowhere.
To be clear, if you buy the wrong inventory, you can’t rely on being bailed out by:
…any other “trick” to get you out of the situation.
We tell all newbies to go “a mile wide and an inch deep” when starting out buying inventory – that means don’t buy more than a handful of anything until you are REALLY good at this game. Don’t pour all your cash into a single type of product unless and until you REALLY know what you are doing (that can take years for some people – while others catch on quickly).
To learn how to properly and predictably enter the game in a much lower risk fashion, check out the number one course in the world (yes, I’m biased) on the topic of selling physical products online: ProvenAmazonCourse.com
If you want to spend thousands lining the pockets of experts who are only excited about their fat affiliate commissions, while learning the same things that we teach around here in superior, proven, time tested courses that cost 1/10th the price tag – that’s fine, but after you read this blog post at least you’ll know the full story from my perspective.
In this blog post I’ll make a simple case as to why you should consider an alternative to the “big launches” and stick with the long time proven courses with long term established communities and experts instead. Save your cash for inventory!
Consider the ProvenAmazonCourse.com (the “PAC”) course in this case if you are ready to learn how to sell on Amazon.
Are you eager to jump into Private Labeling? Check out ProvenPrivateLabel.com (by the way, you get BOTH courses in one place -> ProvenAmazonCourse.com for under $300)
Or, don’t buy ANY course and just get going with one basic idea than anyone can use (one of the multiple strategies we teach inside our PAC course) – here’s an 8 minute video I made that’s getting great feedback so far. It shows you how to get started selling on Amazon at virtually no expense at all:
One of the unfortunate risks associated with depending on any of the “big boy” websites like google, youtube, eBay, paypal, and yes our much beloved Amazon is the fact that they hold all the cards.
Seemingly on a whim they’ve been known to press the delete button and flush away a sellers account in a moment. Usually a severe rule infraction has occurred, but not always. Usually justice is done in the end (accounts restored), but not always. In spite of the seeming injustice of it all, we are forced to conclude that it’s just part of the game right?
Sure, playing by the rules doesn’t hurt, but the rules are always shifting about and Amazon (and all the other big boys) are fickle partners at best. It’s a cat and mouse game that many old school eBay sellers from the early 2000’s can easily related to. I know of exactly zero big time eBay sellers from the early 2000’s who slept soundly each night with the secure thought in mind “eBay has my back – it’s all good.”
Our solutions to these issues:
1. The best solution to such risks is to establish multiple streams of income. That’s why our community is built on the “C.E.S.” model (each letter in CES is a different biz model I’ve built, and my team and I teach those models to others.) The three models work great together and compliment each other while operating independent of each other. My $5 “Silent Sales Machine” book has details (sold on Amazon)
2. We have content coming out soon that will show you how to have multiple Amazon selling accounts and ELIMINATE the risk of being “shut down.” I can’t say more about it just yet, but it’s 100% legit. A note about this never before revealed training: No Amazon trickery or policy violations are occurring with this strategy. You’ll have a “why didn’t I think of that” reaction initially, and then the success story of our case study students will blow your mind.
While you may not get the feeling that Amazon, eBay, Google or Youtube have “got your back”, our community, my team, and I sure do. We aren’t a herd to be toyed with – we are tight nit community of creative entrepreneurs who simply roll on when circumstances shift.
Stay tuned for the release of these great training courses and much more of what we have in store for our ProvenAmazonCourse.com community – we are here for YOU.
Comment on this blog post using the above links, or join the conversation on Facebook
UPDATE ONE DAY LATER: In a crazy twist of irony, the same day I published this article my own youtube account was suspended! Get the detail – click here to see how we are managing the youtube suspension.
For years I’ve bombarded my audience with the virtually self evident rationale supporting the pursuit of “Multiple Income Streams” (MIS).
Multiple automated income streams = Security
Only one income stream = Risky
If we can all agree on that point, then you’ll likely enjoy the rest of this article.
First I’ll dispel the biggest misconception about building multiple income streams.
FACT: If done correctly, generating multiple income streams online leads to SECURITY & LIBERTY of time & finance – it never feels like CHAOS.
There are numerous examples of success with this concept within our growing online community of online biz builders. Many of these success stories can be found in my $5 “Silent Sales Machine” book.
One important discipline that all “multiple income stream” biz builders have in common is that they control their schedules and commitments. They aren’t controlled by their schedule and they don’t operate in panic mode.
A true “Multiple Income Stream” entrepreneur approaches life with a harmonious blend of flexibility, discipline and creativity.
How do you get there form here if you are currently a one income newbie?
The opportunity that lies ahead if you dare go down this path:
What do you do all day once you have multiple streams?
Let’s chat about it!
Here’s a Facebook discussion on this topic:
Or post a comment right here on my blog.
Here’s a creative idea for launching a new or little known product on Amazon. Simply give your product away, or discount it, and then request reviews from those who benefited from your temporary promotion! Sounds simple right?
Not so fast.
Before I give you my words of caution, first I have some very good news. Clearly, according to Amazon’s own rules you ARE allowed to give away free or reduced price products and then request an amazon review in return. When done correctly, this is a brilliant strategy that can turn a relatively unknown product on Amazon.com into one that has the appearance of being “popular”. That can be good for future sales, and this strategy is being used successfully by many Amazon sellers right now, but…
…most Amazon selling experts would urge caution (including me) when using this strategy. For those considering attempting this strategy, I’ve compiled the good, the bad and some resources for you to hep make a good decision and navigate the process without getting burned.
SOME REASONS IT’S A GOOD IDEA:
SOME REASONS IT MIGHT BE A BAD IDEA:
SOME CHALLENGES YOU’LL ENCOUNTER:
HERE ARE OTHER RESOURCES TO USE BEFORE MAKING THE LEAP:
A good open discussion on this topic is happening in our Facebook group. Come see what other sellers and experts are saying. Facebook discussion
Amazon’s guidelines in their own words (read all of this before attempting to pursue reviews for free or discounted product): Amazon Guidelines
When you are ready to do a promotion, our currently endorsed provider of such services for sellers is here: GreatDealsForHonestReviews.com
Did I leave anything out? Have questions? Feel free to leave a comment, or join the Facebook discussion using the link above.