Before I start talking about the main topic of the post I want to introduce myself as this is my first post. My name is Nick, I have been doing online marketing for a little over a year now. I mainly focus on Affiliate Marketing, Amazon FBA (which we're going to talk about). I started with Affiliate Marketing because it did not require a lot of capital. Then around August 2017, I discovered this incredible business opportunity and decided to focus 100% on it. This is going to be the main topic of this post.
Before we start though, I want to keep this post completely free of any sales pitch, etc. I want to post this thread to help/inspire/motivate anyone looking for a way to make money online legitimately. This business model is in no way a "get rich quick scheme" and like any business model requires hard work, dedication, and consisnitly. But in my opinion, this is BY FAR one of the best business to start. With that being said, I do have a course on this business model that teaches you step-by-step on how to get started, and everything you could possibly need to start crushing it. So if anyone is interested in learning more about this, message me or let me know.
So, what is this business model? It is called Amazon FBA (Fulfillment By Amazon). What I mainly focus on is, creating a brand around a specific niche/category where I can begin too private label my own products in this niche. FBA is the process of sending our units to Amazon's warehouse. Once your product sells - Amazon will grab your product, put it in a box and ship it out to the customer who bought the product. Not only that, but Amazon will deal with all customer service dilemmas and will also handle returns. It is a very hands-off and allows us to focus on things that are going to help make us money.
The way it works:
We look for products with high demand (many people buying this product every day), and low competition (low barrier of entry = low reviews). The way we go about finding these products is by using software tools that will quickly give us a very accurate estimate (with Amazon, there is no way to get 100% real sales data but these estimates are the closest things to it!). We look for products that we can buy for a low price and sell for high price, usually at least a 5X markup. (EX: we find a product that we can get to Amazon's warehouse for $5 - We sell for at least $25.) This is very important because there are going to be some fees that we get charged and we want to make sure that we have a healthy profit built in.
After we find our potential product, we head over to a site like Alibaba (a site where we can begin talking to world-class suppliers. These suppliers are mostly located in China and many times we like to work with these suppliers because the cost of production is much more cost efficient.) We begin talking to these suppliers for our new product, discuss what we like the product to have (maybe we want to change the color, or add another complementary product, add our logo, etc). Once we find our supplier we pay for the product and they begin to produce the product.
Once production is complete, we can have our supplier either ship to our home address so we can test and inspect the products and make sure they are all good. Or we can have them ship the products directly to Amazon's warehouse.
Once the goods are in Amazons warehouse, we then begin to try and rank these products. What do I mean by ranking these products? Well, the main reason why we want to sell on Amazon's huge site because of there incredible traffic. And, if we are not on the 1st page for our products, then we won't be able to tap into there insane traffic, which will equal not many organic sales...
After we rank our product, our product will appear on the first page. From here we then can start seeing organic sales (sales that continually work and we don't even have to do anything.)
Of course, there are some other things that factor into the business model. I hope everyone can see the potential here. Amazon is Gigantic and is getting bigger and bigger every day. By having our products on Amazon we can begin to tap into there HUGE traffic, which makes this an amazing opportunity.
I also have a YouTube Channel that I just started where we go over in detail some of these topics. Feel free to ask any questions below.
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Thanks for reading!