Went from knowing nothing to $10k/month in sales

by TaxMaster 85 replies
I think it's nice to hear success stories on here so I thought I would post mine.

I didn't know much about making money online but did a ton of research and finally ended up with a profitable business. I already have a successful career, but my entrepreneurial spirit won't let me just work quietly, I knew there had to be a way I could start making additional money in my spare time. I looked into email marketing, CPC/CPA, affiliate etc but none of those seemed like they would have the payout I was looking for for the time required and there didn't seem to be any real clear cut route to go.

The route I took was through Amazon FBA.

I had to compile a TON of information to figure out everything I needed to do. It seems so easy on paper, but there is really a lot to consider when doing FBA.

My product selection was probably most important. The main things I found out that were important were: Size/weight (shipping from China is expensive), no electronics, no strong brand loyalty, and finding a manufacturer that is actually trustworthy.

Samples are a MUST. I found a few products that I thought for sure I was going to sell because they looked good in the photos and the info on them was good. After I received them, they were total garbage. Most manufacturers will give free samples, but they want you to pay for shipping which is usually around $30-50 per sample, but it is well worth it.

I have a proprietary product selection process I used that I'll keep a secret for now, but I put in a lot of work and research to get where I'm at. merchantwords is a good place to start though.

I think the WORST THING about the entire process was selecting a product that was in a "gated" category and I couldn't have even imagined what a pain it is to get ungated. HOWEVER, I found an amazing article that explained exactly how to do it, I followed it step by step and it actually worked and I was ungated. What a relief considering I had already spent $5k on my product. But now I know the secret to get in gated categories and it's a huge advantage over those who do not know how to get there.

I think one of the other best value/money saving things I found was misterclipping. If you aren't going to have someone take professional photos of your products, using a digital camera and then having misterclipping edit the photos is well worth it. I had 10 photos done for $38 and they look great. Considering professional photographers want to charge $50 per image, it's quite the savings when you are first starting out and it's the images I've used to get to where I am now.

So that's where I'm at. It's a lot of work and quite stressful to grow this business as well as we have a lot of demand and getting new inventory to arrive on time can be stressful but it's quite rewarding so far.
#main internet marketing discussion forum #$10k or month #knowing #sales
Avatar of Unregistered
  • Profile picture of the author Nicheguybob
    This is awesome, love hearing success stories from others, it's very inspirational.
    {{ DiscussionBoard.errors[11026133].message }}
  • Profile picture of the author Marcus W K Wong
    Administrator
    This is awesome to hear! congrats!

    Out of interest, how are you driving traffic + sales? SEO, Adwords, Retargeting?
    {{ DiscussionBoard.errors[11026143].message }}
    • Profile picture of the author DWaters
      Originally Posted by WFMarcus View Post

      This is awesome to hear! congrats!

      Out of interest, how are you driving traffic + sales? SEO, Adwords, Retargeting?

      I will not pretend to answer for the person who started this thread by telling their excellent story but from my experience with FBA you do not need to do anything to "drive traffic".


      The reason is simple. Huge amounts of buyer traffic is already on Amazon looking to make a purchase. The key is having the right products that you sourced at the right price and they will be found and bought.
      {{ DiscussionBoard.errors[11027755].message }}
  • Profile picture of the author writeaway
    Thanks for the inspiring story.

    Amazon FBA definitely seems like an interesting model
    {{ DiscussionBoard.errors[11026163].message }}
  • Profile picture of the author THK
    Would you share the reasons for not considering electronics category?

    I am just wondering if it the typical challenges people face that turned you off or something else. Would appreciate if you are bit specific.
    Signature

    This is my signature!

    {{ DiscussionBoard.errors[11026278].message }}
    • Profile picture of the author TaxMaster
      Too many moving parts and too much to get broken and/or have defects and just plain not work. Since the goods come from China directly to the FBA warehouse, you can't inspect them yourself to make sure the quality is there. So it may not be a "never" kind of deal, but it just seems like something to be very wary of.

      I thought of maybe simpler electronics like flash drives or other storage that's less complicated but decided against it.
      {{ DiscussionBoard.errors[11027006].message }}
  • Profile picture of the author tagiscom
    Originally Posted by TaxMaster View Post

    I think it's nice to hear success stories on here so I thought I would post mine.

    I didn't know much about making money online but did a ton of research and finally ended up with a profitable business. I already have a successful career, but my entrepreneurial spirit won't let me just work quietly, I knew there had to be a way I could start making additional money in my spare time. I looked into email marketing, CPC/CPA, affiliate etc but none of those seemed like they would have the payout I was looking for for the time required and there didn't seem to be any real clear cut route to go.

    The route I took was through Amazon FBA.

    So that's where I'm at. It's a lot of work and quite stressful to grow this business as well as we have a lot of demand and getting new inventory to arrive on time can be stressful but it's quite rewarding so far.
    FBA? Something to do with selling stuff on Amazon, l guess?

    And no sig, link followup, refreshing to see.

    10k, a month!

    I would have to employ someone to pull that off within a year.

    I do flyers and fonts by the way, so l breathe graphics, lol.


    Yes, success is all down to doing what most canned see, or be aware off, as virtually everything online seems unviable in some way.

    It used to take me 3 days to do one flyer, now l can do one in less than 2 hours, which means that l can build wealth with it, and in a short period of time.

    I only discovered this trick after hitting rock bottom and persisting with flyers for a year or more before going into fonts.

    Obviously like some of your ideas, it is a trade secret, so canned be shared, but nothing wrong with giving hints, and inspiring others.

    {{ DiscussionBoard.errors[11026419].message }}
    • Profile picture of the author TaxMaster
      Yep Amazon FBA is "Fulfillment by Amazon" where you ship your goods to Amazon and they fulfill all of your orders. So not only is that nice, but they offer free 2 day shipping to Amazon Prime members so it's a really good deal.

      The FBA fees Amazon charges is way less than I could afford to provide my customers with 2 day shipping on my own.
      {{ DiscussionBoard.errors[11027007].message }}
  • Profile picture of the author ryanbiddulph
    Hi TM,

    Love your idea of paying a few smackers to create a pro looking image for your product. Amazing how even a few bucks here and there - let alone hundreds and thousands - helped me grow my blog. Never cheap out guys. If you want to do the online thing right, have fun, help folks, make friends and spend money to build a professional brand.

    Congrats on your success!

    Ryan
    Signature
    Ryan Biddulph, Blogger, Author, World Traveling Digital Nomad
    Retire to a Life of Island Hopping through Smart Blogging at Blogging From Paradise
    {{ DiscussionBoard.errors[11026464].message }}
    • Profile picture of the author Stringablaze
      I was waiting for this to end with an upsell lol.

      Great story! I am currently trying to learn how to do exactly what you did
      Signature

      Moderator's Note: Affiliate link not allowed. Please edit.

      {{ DiscussionBoard.errors[11027086].message }}
  • Profile picture of the author MValmont
    Yes FBA is a good business model.

    A friend of mine (from montreal also) is killing it with FBA.

    You have to always stay up to date with their updates though. The last thing you want is to get your account banned.

    Check out www.rivercleaner.com it tells you automatically if your listing is compliant with their rules.
    Signature
    Want To Make Money Online? Check My E-Commerce/Shopify System That Will Teach You Step-By-Step How To Be Successful Online. CLICK HERE.
    {{ DiscussionBoard.errors[11026671].message }}
    • Originally Posted by MValmont View Post

      Yes FBA is a good business model.

      A friend of mine (from montreal also) is killing it with FBA.

      You have to always stay up to date with their updates though. The last thing you want is to get your account banned.

      Check out
      it tells you automatically if your listing is compliant with their rules.
      The affiliate link you posted goes to a paid service !! and not supposed to drop links like that , more like written without the https .
      {{ DiscussionBoard.errors[11026685].message }}
Avatar of Unregistered

Trending Topics

  • 104 {{ upvoteCount | shortNum }}

    Warriors .... Warriors.... what would you like to LEARN?

    Good Morning awesome Warriors... I'm happy to announce that The Warrior Forum is planning to create our first COURSE. Yes... Powered by Warrior Wisdom... yeah!! Made at home. But before ... [read more]

  • 88 {{ upvoteCount | shortNum }}

    How I Sold 985 Copies of an Affiliate Offer in 5 Days (Step by Step)

    When I first started online in 2002, it took me a year to sell 985 copies of anything. These days, I can typically do it in the span of a ... [read more]

  • 10 {{ upvoteCount | shortNum }}

    1 Billion Dollar - Really ???

    SEOptimization@1 in Off Topic

    Hey Warriors: Lets' assume you have "1 Billion Dollar" in your bank account. What would you do with this money ? Curious to know your views Cheers, Steve

  • 4 {{ upvoteCount | shortNum }}

    How to get more Guest post on my Blog?

    Tech Buzz in Off Topic

    I have a Guest Blog and i want to get more guest post on my blog. How to approach user to submit a guest post on my blog.

  • 48 {{ upvoteCount | shortNum }}

    1 Powerful Concept that Grows Your Business

    Connect with people interested in what you have to offer. Mindfully. Versus desperately running from prospect to prospect, or from number to number. This idea sounds simple, and like common ... [read more]