First, decide you wanna do this. Commit by buying an Advanced Course. Guess what, I made one – it’s called The Amazon Method.
The Method: Private Label = Buy wholesale on Alibaba.com, brand it, sell for Retail on Amazon.com for 4-10x the price.
Step 1: Find a Product to Sell
- Comb thru Amazon
- Fill out my spreadsheet
- Private Label Criteria:
- Impulse buy range: $9.99-$49.99
- Small & Light
- The simpler the easier
- AMZScout Research Tool
- Demo
- Other ways to get ideas
- What product do you want to buy that doesn’t exist?
- Keep your eyes peeled
- Social media trends
- Trendy product sites
- My secret weapon website *
Step 2: Source on Alibaba.com
- Search your keywords and make a list
- Message several suppliers
- Get samples
- Pick the highest quality one
- Ideally, make simple customizations / add unique features to stand out from the crowd
- Order a small test order – $500-$1000 if possible
- I have a sourcing agency contact
- Margins:
- Shoot for 30% profit margin or better
- Amazon takes 25-30%
- Example:
- + Sell for $19.99
- – $5.00 Landed cost (unit price + shipping)
- – $6.00 Amazon’s 30% cut
- – ~$1.00 for PPC
- = $8 Profit: 40% of sale price (*pre-tax)
Step 3: Launch on Amazon
- Open a Seller account at sellercentral.amazon.com as told by Amazon PPC Services
- Apply for Brand Registry (requires a Trademarked brand name – takes 6+ months)
- Create the listing, optimize it (copy, SEO, photos…)
- Listing Optimization tips
- Pro photoshoot
- Hire a pro copywriter if needed
- Video shoot (basic or pro)
- Add a $1.00+ off Coupon button
- Add Buy-2-get-20% off button
- Get Quick Reviews
- Amazon Early Reviewer Program ($60 Amazon fee)
- Rebate groups
- Rebatekey.com
- Post on Facebook
- Fiverr video reviewers
- Amazon Top reviewers
- PPC Blast
- Turn on after 2+ reviews
- Lightning Deals
- $150 Amazon fee to get on their Deals page for 7 days
More info:
- 90 Day FBA – My 90 Day ‘Zero Idea to Launch’ Course / Mastermind Program
- AmzElevate.com http://AmzElevate.com – My Launch & Optimization Agency
- My Amazon FBA SECRETS E-book
- Inside:
- My Product Research Spreadsheet inside
- My 2020 Product Research Strategies
- My 2020 Launch & Review Strategies
- My 2020 PPC Strategies
- My 2020 HOT Niches List
- My overall philosophy of success!
- The Best Tools & Software for Amazon Sellers
Download my FREE Amazon FBA 2020 E-Book!
My Product Research SECRETS, Tips, Tricks & Strategy for 2020!