Re: Any experiance with Amazon Selling Machine by Matt Clark? Great video Jim, I also like to add, for people who live outside the countries of Amazon lists, you can not use your local debit card such as switzerland, Australia and new zealand to name a couple, however you can use payoneer card, however the fees are slightly pricey. I recommend using a virtual office in USA and setting up a bank account in the USA which is very easy to do. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? The value in the course is, likely, the "opening of the eyes" to the Amazon opportunity; specifically to private label products. Scrapping and hustling for money is going the thrift store route and is not sustainable unless you like working for very little. You can purchase wholesale from US based distributors, but you'll find tons of competition once you start to get some traction. Private labeling is definitely the route to go if you want to make money on Amazon....actually, it's the route to go if you want to make BIG money on Amazon. If ASM is what opens your eyes to the possibilities, then so be it. I kinda doubt that there is that much there that is going to make the difference between success/failure, but I could be wrong. The x-factor is your ability to spot an opportunity and then know when to pull the trigger. I'm in the middle of putting together a private label deal that, I think, will be a consistent money maker for me. I found the product by searching for it on Amazon because I wanted one of my own. I saw a competitor selling the product, I researched the cost in China and the cost to get it packaged, I plugged it into FBA calculator, and figured I'd make around $15/sale. My plan is to price it aggressively, get sales, get reviews, and then slowly ramp up the price as that happens. Of course, this could be a long-term play because building up your own reviews on amazon takes effort. but I'm confident it's the most sustainable. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? The info here is great and one of the many reasons I am am a member of this forum. I would like to ask if any one has experience with getting around Amazon only paying into banks in certain countries IE: This is the reply I received from Amazon To be paid, you need to provide a bank account in a country supported by Amazon. Currently, we support bank accounts in the United States, the United Kingdom, and in the euro zone, which includes Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. I am located in Australia and ASM tells my not to worry about this as they have many members doing great from Australia and all other countries not on Amazons list. When I asked for more info on this and if I could access it I got no reply as yet. Whilst I will most like not not be able to afford a 3K ASM course I would be interested in doin some research as has been suggested throughout this thread, but the bank issue kinda stops me, like why spend time researching if at the end of the day I still cannot participate. Amazon have only replied with stock answers, so hopefully some one here knows more. :cool: |
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I watched the video though and he brought up a couple of good points. The main one being that doing things like press releases and videos to drive traffic is a waste of time...I would definitely agree with that. But the idea that it's risky (financially and legally) is kind of short-sided. You're in business and there are always risks, but that's why (if you're concerned), you can buy insurance. On the financial risk, well, no getting around that. The name of the game is buying and sending stuff to amazon for them to sell. So I guess that's considered risk, but so is spending money on PPC or developing an infoproduct. There's actually more risk there because, unlike hard assets, once you spend money on PPC...it's GONE. At least with Amazon you can dump your products for cheap if you want to get out. Most people assume you need to dump a bunch of money and import from China. With a recent deal that I did on Amazon, I simply purchased smaller quantities domestically to test the market. I made very very little on this, but it gave me the confidence to purchase in larger quantities once I had a good feel for potential demand. When you've got a winner, you scale up. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Many thanks go to Jim Cockrum and MagicD you guys answered my question re Selling Amazon from outside the countries they support. I guess it's now back to research the info you provided :cool: |
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You are wrong on this buddy. One of the most successful sellers on Amazon from this course Daniel A. uses YouTube and Press Releases to drive traffic to his offers. He's making a whopping $300K a month on profit. |
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Does that sound realistic? My other questiion is, how does he know that Press releases and Youtube are really driving traffic. And even if he can figure out the traffic part, how does he know that they are converting? |
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So, let's assume a 40% margin. $300k in profit means $750,000 per month in gross sales ($9M/year). That's $25,000 per day. With those kind of numbers, I also doubt he's selling something for $9.99, so if you assume it's in the $25 - $40 range, that means he's selling 625 - 1,000 units per day. Results like this are very rare, but I certainly believe it's possible. Sales of 50 units per day (1,500/month) is probably a much more achievable goal for the average person, and with a $25 product / 40% margin, you'd be generating $15k profit per month in profit. Still not too bad. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Quote:
Hi Ryan Daniel has a profit margin of 66% for his main product. He startet last year with the original AMM course and startet with promoting ebooks for the kindle in April 2012. In September/October 2012 he switched to selling physical Products on Amazon. He had a budget of < $1.000 to start with. In April 2013 he had his first $100K PROFIT month (mostly with 2 Products). Now he has 15+ Products on Amazon and does more than $300K in Profits every month. The best thing. He is only 23 years old and operates his business from Norway. Here is his Bonus site for this Launch. Amazing Selling Machine Bonus | Ryan Coisson (not my aff-link) You can track your traffic with giving out coupon codes and using your own Amazon Associate links. |
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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. I consider my product to be a pretty darn good private label products and my gross margins are right around 30%, but that includes everything. The example that you outlined above would not just be rare, it’d be EXTREMELY rare and unlikely. 625-1000 units a day of a product that he’s making 40% net margins on? I have to assume that he’s selling a “generic” type product and it’s not proprietary. And if that’s the case, anything that is generating those kind of sales is easily the type of product that would attract imitators. I have a product that I profit $4.75 and it costs me $1.00 to produce. If this thing started selling 1000-1500 units per day, I’d fully expect that competitors would flock in. |
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Besides, $3.6M/year on Amazon and he's running around promoting an affiliate product? Why would someone do that? |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Quote:
My net profit margin is a little over 40% after everything - COGS, inbound shipping, outbound shipping, Amazon fees, etc. My single best day so far earned me about $1,500 in profit and I'm not even CLOSE to the levels of the top seller in my category. He's probably the top seller of whatever his product is, and I'd be considered one of the "imitators" picking up the scraps. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Quote:
The $300K a Month is from a Video where he states that number. Can't tell more but I believe this figures. You can believe whatever you want. Quote:
OK guys, I'm out for now. Need to work on my biz. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Quote:
I'm always a little dubious on the claims of IM gurus with their excuses like "I just want to help people. Plenty of money to go around!". |
Re: Any experiance with Amazon Selling Machine by Matt Clark? The more these guys pimp this selling rediculously high cost amazon machine the more Jim Cockrum makes which is good as he is indeed a down to earth guy. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? I guess a moderator took it down but you can private message me if you want it. Or you can google my name to find my blog (it's on there too). -Jordan Quote:
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Re: Any experiance with Amazon Selling Machine by Matt Clark? All I know is after this huge launch of all of this, I have unsubscribed myself from a majority of the marketing "gurus" I used to follow. Ridiculous! Total overkill on me and I'm sick of seeing it. And that's my $.02 on the matter. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? As I stated earlier, I am a member currently doing about 50K in revenue a month using the tactics taught in ASM, completely replaced the job I quit last march doing cable tv installations. Its totally doable for almost anyone, the only thing you need is a little capital to get the ball rolling of course, thats the nature of selling your own products on amazon (drop-shipping sucks!) Quote:
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Re: Any experiance with Amazon Selling Machine by Matt Clark? Quote:
Sorry but you are wrong on this one buddy I know the Daniel A you are reffering to, I know his brand, his products and his YouTube channel, when I just checked his 2 videos had 39 and 311 views, over the last 6 months!, don't believe everything people tell you I also know a lot of other ASM products and the vast majority of the videos produced generate virtually zero views (less than 100) never mind click throughs to a sales page, I have to say that most of the videos are great and pretty well made by any standard but promotional sales videos simply don't work very well for selling products, do you really think a video about a spatula is going to get a lot of attention? Regarding press releases - yes they used to work in the old days but are regarded pretty much as spam these days because of abuse To say that videos and press releases are going to generate sales on amazon is one of the worest pieces of advice these 2 guys are giving to members, just a massive waste of time and effort for very very little reward. The fact is this is just one of the ways that this course has been padded out with a lot of dated information so it becomes a "big" course |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Interesting that you say "drop shipping sucks", as soon as the last ASM course finished the two guys, as affiliates, did a hard sell for a drop shipping course to their members Quote:
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Re: Any experiance with Amazon Selling Machine by Matt Clark? For sure private label is the way to go. If you are selling a 'brand' product that anyone can buy. You will always find someone comes in and cuts your margin. There is always some willing to work on crazy margins. Developing your own brand is far easier than you think an doesn't always have to cost that much. You can buy unbranded stuff like 'cup cake cases' but get your own boxes made with your brand. If you're selling on Amazon you can be the ONLY seller for 'XYZ cup cake cases' and then using great copy you can sell them. Plus you'll get a better margin because you don't have to cut the price to compete with other sellers. Remember there are buyers that shop simply on price - but if you can get the buyers that buy on quality you can get better margins if you show them how your product is better. I'm sure the ASM course is good but that is a huge price. There are fair cheaper options around. |
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As for why our support team is not doing it, it rhymes with "Non Compete Agreement" and "Non Disclosure Agreement". Each of the employees in our offices, on the first day of the job, sign each of these. And they clearly know what they are signing. Im not going to reveal all of my business to anyone like that without protecting myself. I never understand responses like yours. You have zero experience with this system but yet you come in here and complain about it like you know for a fact as to the outcome. This is asking for any experience with the program and it sure sounds like you do not fit that, so why are you shooting it down? It may not work for you, that is fine, but you never even tried it. |
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A week later the same story, but next close friend/buddy of his have super special offer which expire 2h later so hurry up...bla,bla,bla... Of course that JV promoter have been using ONLY his buddy`s system for his online business and never looked at other options...and then a week later, maybe 2 days later the story comes all over again with next good buddy of his...and so on. It`s like Mafia of buddies trying to make quick bucks promoting something they have never tried. |
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Chris, why don`t you sell in UK or German Amazon? Wouldn`t be less hassle with shipping from wherever you try to ship? |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Everything these days is surrounded by hype - even the stuff that works. It's a big problem, so you've got to filter through all the fluff and ask tough questions to see if whatever you're interested in has any merit. If you aren't satisfied with the answers to your questions, supported by fact or reasonable assumptions, then move on. If you're just relying on your gut or because someone you've never met before is recommending something, sooner or later you will get screwed. Anything worthwhile should be able to withstand the tough questions. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Quote:
I don’t recommend to start with a Chinese or another foreign Supplier first. Adds a lot of additional headache to your business. So I searched for an US-Supplier and they delivered directly to that US Amazon Warehouse. Now I’m working on getting enough sales to my Products to rank higher in the Amazon Search. That “GETTING TRAFFIC” is my weakest point and also the weakest point in the whole ASM Course. I would happily pay for an enhanced traffic section. Once I get my first products selling on a regularly basis, I want to do a Product for the German Market. |
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The only thing that bugs me now is that they require tax identity information. Do I need a US Tax ID or what? On overall, do I need to obtain a business license for this? |
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As I understand this would require me to visit the bank in person, which would be out of the question (I wouldn't go all the way from Europe). |
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Re: Any experiance with Amazon Selling Machine by Matt Clark? Hi Jim, Hardly a days goes by when I don't get an email or two from yet more marketers trying to flog me Matt's and Jason's ASM course, usually offering a huge bribe running into thousands of dollars worth of freebies; this tells me these affiliates are getting a big cut and ASM marketing machine is now on overdrive. I noticed you have an offer on currently on your own course and at a price that sane individuals can afford. I wonder if you can tell us how your course compares with ASM just to put my mind at rest and perhaps take the plunge? |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Quote:
My goal with the PAC is to build the largest audience of successful Amazon sellers in the world by providing the most cutting edge strategies at a price anyone can afford, and then recruit & pay the "best" among us to constantly raise the bar for the rest of us - and that is exactly where my focus is with the PAC. |
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Re: Any experiance with Amazon Selling Machine by Matt Clark? I too am unsubscribing from all the big name gurus who I receive emails from daily promoting this with huge bonuses. Ryan Moran (who I thought a lot of),Andrew Hansen, Matt Clark, Matt Rhodes, John Rhodes, Aldan Booth, James Sides and more just got dumped by me. I frankly am sick and tired of the mass amount of emails I am receiving from these gurus on the is. Problem solved. Amazing what the all mighty commission dollar will do to some marketers. Robert Oliver |
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Re: Any experiance with Amazon Selling Machine by Matt Clark? If you hurry you can save a few hundred dollars and grab Jim's “Proven Amazon Course,” for only $97 as he has a temporary September-October 2013 Price Break going at Proven Amazon Course - brought to you by Jim Cockrum of MySilentTeam.com - Moderators this is not an affiliate link. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Hey Jim, You mentioned a few months ago the PAC course was working on new information addressing private lablel and/or virtual sourcing. Has that progressed any? I am looking to move forward with Amazon, but don't want to source products by hunting down liquidations and garage sales. That is the one facet of ASM that is attractive....but I'd like to find a cheaper alternative. |
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Re: Any experiance with Amazon Selling Machine by Matt Clark? Quote:
In my opinion, the "How To" is the easy step. You can search the FBA forums at Amazon and basically just ask the users there how to do the exact same thing. The mechanics of actually how to do this (within Amazon's system) is not something that you need a course to tell you what to do. Amazon has plenty of documentation on what to do and how to do it. I figured out how to do it by reading the documentation and working with a sales rep. The skill set involves identifying the opportunities, sourcing the products, and managing your business ongoing (reviews/customer service). I don't think you'll get very far with just sitting there and brainstorming ideas, but you have to just think about what you buy from Amazon and consider if it would make a good white labeled product. If it does,you go through some simple steps to determine the viability of the idea. After watching the videos in PAC, I envision a lot of people just going on Alibaba, buying some generic products, buying a UPC, listing the product, and watching their inventory sit there. While that's technically the white label product, it's not the right way to do it. A few weeks ago I bought something on Amazon that seemed like it was fairly priced (and a good product), but probably didn't cost much to produce. I ordered the product, found the supplier, and contacted them. I verified (through some questioning) that they were the supplier for the competitor. They wanted an initial order that would cost me $16K upfront and I negotiated with them a smaller initial order that will cost me $2K. I laid out that I wasn't a cheap skate or a newbie, but that it's going to take me some time to ramp up the marketing and don't want to sit on inventory while I do that. I don't know if ASM teaches that or not, but that's the skill set that needs to be developed. The how-to is very simple. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Hey Josh, that's a pretty good video. For those who are interested-- he does specifically address the problem with contacting Amazon customers directly. Can you be a bit more specific about the "Amazon Smack"? |
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I think the "Amazon Smack" is not a widespread problem, but more of an issue of listing violation. By calling it a "Smack", people might assume that it's like some kind of Google Smack where you are penalized in some way that is unclear to you. I've never gotten any kind of violation notice, so I would suspect that he did something a little unscrupulous; either knowingly or unknowingly. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Does anyone offer an alternative that teaches specifically the Private Label part? We have fba wholesaling, fba arbitrage, fba liquidation books.... Why not Somebody write a reasonable book that us non-beginners would like on Private Labeling? Most of us here probably don't need to know how to open an Amazon Seller Account, or info. on how to promote a webpage etc. Heck, pay me 3000 dollars and I'll tell you the same things... Get Facebook Links, Pinterest Links, Reviews, Youtube, Articles, Press Releases...And all with the keywords. Your Amazon product pages are the same thing as websites you would promote. Hell, we've heard all that before. It's like the weightloss thing, everyone knows what to do... eat right and excerise... we just don't do it. In my opinion all this rhetoric on this course is Beginners vs. Experienced sellers. Experienced sellers aren't going to be able justify the price tag, because they already know most of this stuff, but they got our ears perked up because there really doesn't seem to be a lot of info. on Private Labeling and FBA. When they say they are making 100,000 a month, heck even the experienced sellers have to wonder if they are missing out on something. So there is a market void just created, in my opinion, that says Experienced FBA sellers want to learn more about Private Labeling. If any of you experienced guys fill that void with a book or something more reasonable, I'm in. |
Re: Any experiance with Amazon Selling Machine by Matt Clark? 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. Depending upon your previous experience selling on Amazon he endorses essentially 3 to 4 products. The one Malik likes best is "Proven Amazon Course" by Jim Cockrum which he considers easily worth $10,000 with all its info. You also get lifetime access to "Selling on Amazon Mentorship Series" as a free bonus. If you are a complete newbie, according to Malik, you will also need Andy Dew's "Dewable course" currently at $99. I have just bought Jim's course for $97 with lifetime access and updates. I think that was a savvy decision which just saved me approx. $3900! p.s. An earlier version of ASM called "Amazon Money Machine" by Matt Clark et al. was selling last year for $995! Quote:
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Re: Any experiance with Amazon Selling Machine by Matt Clark? With FBA, you learn by doing. Once you start selling merchant fulfilled, it’ll get you ready for selling thru FBA. Once you sell thru FBA, you figuring out why it’s important to have your own private listing. What’s your doing private labeling, you realize what you need to do in order to propel your listings ahead. The value, if any, to any Amazon course is simply opening your eyes to the opportunity. Outside of that, I don’t think any courses really have a ton of value; and that includes the cheaper ones available on the market. What is going to make the difference between success and failure is your ability to find opportunities and, with regard to private label, your ability to spot opportunities that would work well with private label. The only way I can see how you would develop that ability is just to start doing it. |
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THe broad brush that Malik paints with regard to private-labeling is ridiculous. Sure, I wouldn't want to private label some health supplements, but I'm not sure I would be ready to eliminate the possibility of selling thermal printer labels in my own packaging. It's the equivalent of calling the entire e-commerce industry "risky" because of potential problems associated with poker websites. As someone who considers myself to be an FBA newbie, I actually think it's kinda pathetic what passes as an expert these days. Another video posted in this thread where a guy was bragging about making $5K over a 10 month period and ended up getting his product banned? In the Proven Amazon Course, people bragging about doing $25K this year in Amazon sales? I'm not one to rag on someone for their success, no matter how small, but I don't know if I agree with someone automatically becoming a teacher when they first taste a little success; just doesn't seem right to me. And the thing that really irks me is that if you have no experience in selling on Amazon, those reports actually make your sales look a lot better than they actually are because they are the gross amount and not net of fees/product costs. |
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In other words, spend your $3500 on testing products and working with FBA and that’ll be all the training you need. I guess I don’t really understand what training is going to do for most people? Find a product opportunity, find the source for the product, plug it into the FBA calculator, and if you can make money then buy it and send it in. As you progress, the white label opportunities will reveal itself. With regard to training, people can make their own choices about what is a good value for their money. I guess I don't really understand why you'd pay for training to teach you the holy grail when most people haven't just used the existing (and free) training that Amazon provides to do some testing of their own. |
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I tries Amazon >-----< Ebay arbitrage and it never worked for me... |
Re: Any experiance with Amazon Selling Machine by Matt Clark? Quote:
You make some good points, but I can tell you my personal experience is that the sheer volume of demand for products on Amazon means that a few small tips can lead to huge improvements in profitability, even for experienced sellers. I agree that if your goal is just "to get started", you don't need a course to show you that. You'll learn from your own mistakes along the way, but most people won't figure out all the little things that make a big difference...and that's leaving money on the table. I was an experienced FBA seller with sales of about $10k per month (including some private label items) and I can tell you there was incremental knowledge I picked up in ASM that has brought my business to the next level. My line of thinking used to be just like yours - I thought "FBA isn't that hard...I figured it out myself, so why should I pay all this money when I already know 95% of this stuff." Well, (for me) there was tremendous value in that other 5% that I didn't know. Other people may have different experiences, but I consider myself to be a bright guy and I don't know how long it would have taken me to get to $50k+ per month without ASM. |
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I'm not opposed to training programs, but I'm opposed to people thinking that they are a "shortcut" (I'm not using that term pejoratively) to faster profits. I've had people PM me a lot over the last few weeks asking for coaching and I tell them the same thing. Take what you have now and just start doing it. Feel free to ask me a question if you'd like, but just run with it. If you do that for 8 weeks, you'll be light-years ahead of where you were. |
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