-
Product /Service
-
Physical Product /Service
-
Create your own product
(Private Labeling)
-
Amazon
Sell by yourself, or, Fulfilled by Amazon
- Process
- Register your account
- Choose Free first, can upgrade to paid once the product is almost ready
- Product Research
- Find a highly targeted /specific niche
- Find your first product
- Idea is to find low competition and high demand product
- search top 100,500,1000 amazon products
- Keep it small
- Keep it lightweight
- Keep it simple, few moving parts
- Something that sells for more than $15
- Top competition has less than 300 reviews
- List 20 such products and choose one
that has high demand...(use sales estimator tool)
- Try to avoid consumable for first product
- Find a manufacturer on either alibaba.com or from any of the fairs /convention that you attend
- For small or test products,
Try AliExpress
- For bigger orders,
Try Alibaba
- Other sources for products
- Tradekey
- Global Sources
- Supplier
- Look for Alibaba Gold Member
(Gold status for few years is preferable)
- Good communication skills
- Accept escrow
- Accept paypal
(bonus)
- Get quotations
and negotiate if you can
- MUST: Order samples
- If you have enough budget,
order samples from multiple suppliers
- Put your label on products
- Ship your product
- Order small for first round
- Shipping mode
- Air Shipping
- Faster
- Easier
- More expensive
- Better for first round of small order
- Sea Shipping
- takes longer
- lots of paperwork
- cheaper
- Better for large quantity order
- Ask who your supplier can ship with,
as they usually have discounts with DHL, TNT, FedEx, etc.
- Destination
- Either ship to yourself
- or to Amazon FBA
- or have them sent to prep and shipper
(who inspects products for Amazon standards)
- Launch
- Give away as many as you can in exchange for reviews
- Once you have over 10-15 reviews
- Start advertising using Amazon PPC
- Connect with Influencers in your niche
and offer products for reviews etc
- Boost your reviews using
Feedback Genius
- Make sure to get follow-up reviews
to increase your trust and ultimately conversions
- More Reviews = More Sales
- Aim for as many sales per day as possible
- See "Marketing Section" for this step
- Once this product works, find related products in the same niche or scale to other niches.
SKY IS THE LIMIT.
- Tools Required
- http://www.merchantwords.com/
- https://www.junglescout.com/
- http://www.profitphoenix.com/amazon.html
- Additional resources
or
Training material
or
Instructions
- Profit Phoenix Training
- OMG Course
- Ecom Experts
-
Shopify
- Find Product
- Signup for shopify
- Install a decent theme
- Market your shop
or Product
(See "Marketing" section)
- Scale and earn profit
-
Ecom Website
- Create a website
- Use E-commerce theme
and plugins
- WooCommerce
- Magento
- Market your shop
or Product
(See "Marketing" section)
-
Resell someone else's product
-
DropShipping
or Retail Arbitrage
- Find a product that already sells
- Use Watchcount.com to check for products that sell
- Find market price for that product with a margin price of atleast $10
- Check Amazon for products that are selling for higher price
- Create a one page website or an ecom store on wordpress.org
- Use Product pages theme
- Market your product
(See "Market" Section)
- Scale
- Affiliate program
eg. Amazon Affiliate Program
- Digital Product /Service
-
Sales / Marketing
- Marketing your product /service
- Affiliate Marketing