Project Life Mastery https://projectlifemastery.com Wed, 25 Aug 2021 08:34:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://projectlifemastery.com/wp-content/uploads/project-life-mastery-favicon.ico Project Life Mastery https://projectlifemastery.com 32 32 Amazon Success Story: $700k In Sales His First Year On Amazon https://projectlifemastery.com/amazon-success-story/ https://projectlifemastery.com/amazon-success-story/#respond Mon, 23 Aug 2021 15:00:12 +0000 https://projectlifemastery.com/?p=13357 This Amazon success story will leave you speechless. Aymeric Monello made $700k in sales his FIRST year on Amazon. Want to learn how he did it? Click here!

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This Amazon success story will leave you speechless.

Aymeric Monello made $700k in sales in his FIRST year selling on Amazon.

Previous to selling on Amazon, he had zero business experience. His entire life changed after going through The Wholesale Formula, which was his playbook for success.

Its founders, Dylan Frost and Dan Meador taught him how to build a profitable Amazon business using the reverse source wholesaling model.

There has never been a better time to take advantage of this business model. If you have the desire to grow an Amazon wholesaling business, listen to Aymeric!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/85e61140-55be-4eaa-8a90-da4a1f2cf2f2/stream.mp3″ background=”default” ]

Are you ready to make high-profit Amazon sales using the power of wholesaling? CLICK HERE to find out more about The Wholesale Formula! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

This is Aymeric Monello's Amazon success story.

Amazon is one of the BEST opportunities for anyone to make money online. Almost 90% of consumers are more likely to purchase a product from Amazon than any other website. Aymeric Monello wanted to get his piece of the Amazon FBA pie and decided to take action with the Amazon wholesale model.

In our interview, Aymeric talks about how he got started with reverse source wholesaling. More importantly, he shares how he used this model to make $700k in sales in his FIRST year on Amazon. Let's dive in!

How did you discover reverse source wholesaling and what inspired you to start selling on Amazon?

Back in 2016, my girlfriend at the time came across a video about selling on Amazon using The Wholesale Formula. I've never done anything business-related. When I first learned about Amazon I was a web designer.

After doing some research, Dan and Dylan's model really resonated with me so I decided to take their course.

What does the reverse source wholesaling model involve? 

It's a pretty simple concept.

It involves looking at what is already selling well on Amazon and sourcing those products. Reverse source wholesaling is a reselling model whereas traditional wholesaling is a manufacturing model. There is no brand creation involved with reverse source wholesaling

When you first started, how much money did you invest? Did you sell one product or multiple products? 

In the beginning, I didn't have a lot of money so I started with a zero percent credit card. I'm not saying that everyone should do that. People need to assess their level of risk.

However, it worked well for me.

I sold everything from supplements and appliances to coffee. The range of products was very eclectic. There was nothing in the same category.

Do you mind sharing the successes that you've had with this model? 

During my first year, I made $700k in sales. In terms of volume, it was REALLY good. Selling supplements was a huge success for me. When you set up a relationship with a supplier, some of them can last a long time while some of them are just mid-term.

It depends on what's happening in the market. I've had connections with suppliers for years. As soon as you have solid connections in place, you can create a consistent stream of income.

My biggest order was around $20,000-$30,000 from one supplier. Of course, it depends on your capital and the velocity of your product. You can build it up over time. That's what I love about this business model.

Were you able to get exclusive partnerships with suppliers, or were you competing with other wholesalers on the same listing? 

I did both. Because I'm originally from France and English is my second language, I experienced some hurdles. In the beginning, it was a new venture for me. I wasn't familiar with all of the business terms.

Sales have never been my strong suit.

I still did it and was successful with it. My strength is diving into one supplier and one listing and making it better over time.

If you're competing for the buy box, how does Amazon determine how much you get paid versus other sellers on that same listing? 

There is a formula that they use to look at the listing and determine how many sellers there are. Also, they have tools that allow you to determine what your share of the buy box is or what the potential share of the buy box will be.

How much time did it take you to set up this business? How much time do you spend on your business now? 

I had a full-time job when I started my Amazon business. The only time that I could work was in the evening. Eventually, I started working on my business while I was working at my 9-5 job.

I took the Wholesale Formula course in Feb of 2016 and I quit my 9-5 job in August of that year.

At the same time, I bought a house. I did everything at once!

Once you are working full-time on your Amazon business, you can dedicate as much or as little time as you want. That decision is always dictated by money. If you don't have a lot of money, you'll want to spend more time researching products so that you have a higher margin.

Conversely, when you have more money, you want to spend it as fast as possible.

The goal is to make your money back and make a profit from it. Back in April of 2019, I had an exclusive brand relationship with a supplier. I ended up selling that relationship for over $400k. What's cool about it is that I retained a relationship with the buyer for business consulting in exchange for a percentage of the profit.

Today, I make $60-80k per year in profit from that consulting deal. My time commitment on that gig is probably 3-5 hours per week. Why? Because at the start of 2018 I started outsourcing and took advantage of virtual assistants.

By doing that, I was able to free up 80% of my time over 3 months. I got my life back. If you have a team of VAs to support you, you can work as little as 5-10 hours per week and still be successful with this business model.

What are some of the biggest challenges that you've faced in this business? 

For me, it has been the language barrier and doing sales. However, following the steps outlined in the Wholesale Formula allowed me to land plenty of accounts.

With regards to the business model, I had to learn what competition was.

More importantly, I had to learn how to handle competition when it arose. Also, I had to learn how to spread my risk and not dive too deep into one product. Keep in mind that I had zero business experience when I started so everything was new for me.

What was your experience going through the Wholesale Formula course? 

The Wholesale Formula changed my life. Dylan Frost and Dan Meador‘s step-by-step course explains how to utilize the reverse source wholesaling model to sell on Amazon and build a profitable business.

You can use it as a side hustle if you want, but it's designed to help you build a successful Amazon business.

What advice would you give to someone who has the desire to start an Amazon business?

As I said, I had no experience in business before I started with the Wholesale Formula. I had no idea how to sell on Amazon. What helped me is having mentors and a foundation to follow.

By learning from successful Amazon sellers, I was able to avoid the mistakes. I would have never come up with this business idea had I not found the Wholesale Formula. I would have wasted so much time and money figuring it out on my own.

This is how Aymeric Monello made $700k in sales in his first year on Amazon.

Whether you're a new seller or a seasoned seller who wants to scale your Amazon business, this model is a great way to make multiple streams of income by selling one product at a time.

Aymeric's story is proof that the Wholesale Formula system works. How would your life change if you made $700k in one year?

Are you ready to make high-profit Amazon sales using the power of wholesaling? CLICK HERE to find out more about The Wholesale Formula! 

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How To Optimize Your Amazon Listing For Better Conversions https://projectlifemastery.com/optimize-your-amazon-listing/ https://projectlifemastery.com/optimize-your-amazon-listing/#respond Fri, 20 Aug 2021 15:00:42 +0000 https://projectlifemastery.com/?p=13349 When you improve the conversion rate of your Amazon listing, you get more sales. Want to know how to optimize your Amazon listing? Click here for more!

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Do you want to get better conversions on your Amazon listing?

The quality of your listing will determine the success of your product on Amazon.

You could have the BEST product in the world. However, if you can't convey and communicate the feature and benefits, you will struggle to get sales. 

Amazon is a competitive marketplace. If you want to stand out from the crowd, your Amazon listing needs to rank on the first page.

Keep reading for my Amazon product optimization best practices!

(Click Here To Watch On YouTube)

Are you ready to take your Amazon business to new heights? CLICK HERE to get your Amazon listing optimized with AMZ One Step!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefited from personally. Thank you for your support!

What is Amazon listing optimization?

This is the process of tailoring your product listing so that you rank as high in the search results as possible. An Amazon listing isn't something that you create once and then never improve.

You always want to be testing and optimizing your Amazon listing. When you improve the conversion rate of your listing, you get more sales. Even better, your product will rank better in Amazon's search results. Don't forget Amazon is a search engine like Google and YouTube.

Best Practices For Amazon Product Listing Images

You want to optimize your image so that it grabs people's attention when they are scrolling on Amazon. The goal is to entice them, so much so that they click on your listing.

First I like to type in the primary keyword of my product and browse Amazon listing images.

I'll take a few steps back from my computer. Of the images that appear on my screen, I identify the ones that stand out the most. I want to see how my product image is showing up in comparison to other ones.

Your goal is to also optimize your image so that it stands out from the competition. You want to test and improve your images over time. Doing so will allow you to determine which one will perform the best.

Your product photography helps you communicate to your ideal customer what your product looks like, how it works, its features, and the benefits of using it. Ideally, you're trying to convince your customer of the reasons why your product is better than your competitor's.  

One example of a product photo may be a lifestyle image. This would involve capturing someone using your product in action. You can model yourself using the product. Conversely, you can hire a professional model who represents your ideal customer.

Other examples may be a comparison image, a before and after image, or an infographic. There's a lot that you can do with your product images. Take up all of the available space that Amazon gives you on your listing.

Check out the video above to see some examples of great product listing images using AMZ One Step!

Best Practices For Amazon Product Listing Text

Beyond the image, the second thing that people will see is your product title. When it comes to the title, there are two different approaches that you can take. The first approach is to use up all of the available space that Amazon gives you for the title.

The second approach is to create a shorter title for your Amazon listing. You want to communicate the most important things about your product, one of which will be your primary keyword.

Again, Amazon is a search engine. People go to Amazon and type in keywords into the search bar. If you put the keyword in your title there's a greater likelihood that your listing will show up when people search for that keyword.

Also, you want to think about what the main benefits of your product are. Who is buying your product? What problem does your product solve? 

If you can pinpoint the main features and benefits, you'll speak to your ideal customer. Make sure that you test your title, whether that's playing around with different keywords or experimenting with a long title versus a shorter title. 

I like to make one change to my listing and then I'll run that test for 3o days. During that time, I'll track the number of sales that I get and the amount of traffic that I receive. For another 30 days, I'll test something else.

After that, I'll do a comparison. You don't want to test everything at once. You want one test running at a time so that you can pinpoint what kind of a difference it made for your business. 

Best Practices For Amazon Product Listing Bullet Points & Description

There are two types of buyers – emotional and logical. Emotional buyers see the product and buy it on the spot. Conversely, logical buyers want to read all of the information before they make a decision.

You must optimize your listing for both types of buyers. You want to make sure that your bullets communicate and convey the benefits of your product. Go beyond the features of your product and convey the benefit of each feature. 

Your description is an opportunity for you to elaborate on the benefits that your product provides. This is where great copywriting comes in. Think about adding keywords in your bullet points. You can get ideas from your competitors, but do not copy them. Strive to go above and beyond what they have written.

Here's the great news… there is a company called AMZ One Step that does ALL of the above tasks for you. They offer a wide range of Amazon listing optimization services.

Watch the video above where I walk you through the amazing features of this company and what they can do for you!

AMZ One Step has photo studios in Canada, the U.S., and China that house over 70 in-house employees, comprised of graphics designers, videographers, copywriters, photographers, and account managers. Essentially, they are a one-stop shop when it comes to optimizing your Amazon listing.

This is how to optimize your Amazon listing for better conversion.

The best way to scale your Amazon business is to find people who are more knowledgeable than you are and hire them to work ON your business.

If you want to learn more about AMZ One Step, you can book a free consultation with them and get a free Amazon listing audit.

I recommend their service, as I believe it will make a difference in your conversions and the overall success of your Amazon business.

Are you ready to take your Amazon business to new heights? CLICK HERE to get your Amazon listing optimized with AMZ One Step!

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Amazon Wholesaling: How He Made $90,000 In ONE MONTH https://projectlifemastery.com/amazon-wholesaling/ https://projectlifemastery.com/amazon-wholesaling/#respond Wed, 18 Aug 2021 18:00:43 +0000 https://projectlifemastery.com/?p=13350 This executive chef turned Amazon seller made $90,000 on ONE MONTH using Amazon wholesaling. Do you want to know how he did it? Click here!

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Ian Bower made $90,000 in ONE MONTH using Amazon wholesaling.

He started selling on Amazon FBA as a side hustle while working 60+ hours as an executive chef.

Ian grew that side business to $45,000 per month and eventually, he quit his 9-5 job to scale his Amazon business even further.

If you want to discover how you can leverage big brands through the power of wholesale and create your own lifestyle business, listen to Ian!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/32614676-cf32-4353-ba77-b3a342c95847/stream.mp3″ background=”default” ]

Are you ready to make high-profit Amazon sales using the power of wholesaling? CLICK HERE to find out more about The Wholesale Formula! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

What is Amazon wholesaling? 

If you follow me, you know that I talk a lot about selling private-label products on Amazon. With private labeling, you work with a third-party manufacturer to create your own custom branded products.

Amazon wholesaling is a different model altogether. Whereas traditional wholesaling involves using wholesalers to find products that sell well on Amazon, with Amazon wholesaling you look on Amazon itself to find products.

In our interview, Ian talks about how Amazon wholesaling works. More importantly, he shares how he used this model to create a $90,000 MONTH selling on Amazon. Let's dive in!

How did you get started selling on Amazon, and how did you discover reverse source wholesaling? 

I've been a chef my entire life. I got a full scholarship to culinary school. My entire life I have identified as a chef. It was a huge part of my identity. I always knew that I wanted to own a business. However, I always imagined that I would own a restaurant.

Thank god that didn't happen!

I stumbled into Amazon FBA when I was looking for ways to accrue reward points.

I've always wanted to travel and see the world.

I learned about retail arbitrage and I thought it was a cool opportunity. However, I'm not someone who likes to shop so I suggested that my wife take it on. That's how we got started.

That being said, the moment that she had to create a spreadsheet or do things like bookkeeping, she was done. We started looking for alternative ways to supply inventory. That's when we came across reverse sourcing wholesale.

How does the reverse source wholesaling process work? 

The idea behind reverse source wholesaling is that you go on Amazon to find products that are already selling well.

You identify those products based on a set of criteria. From there, you reach out to the brand owners and ask them if you can buy their product wholesale and sell it on Amazon. Once the brand owners approve you, you can start making money on Amazon.

How would this process work if the products that you want to sell are already selling on Amazon? 

The product needs to be selling on Amazon and should be selling well. If a product is not already selling it won't meet your criteria.

However, if other sellers are selling at the same time as you, you'll need to calculate what your buy box share will be. The buy box will rotate amongst the sellers who are prime eligible. So if there are four sellers you'll get 25% of the total sales, for example.

When you're first getting started, what does the process involve? 

Getting started is pretty simple. You want to scrape Amazon, do a bunch of research, and go through the different products on Amazon.

You're looking for a set of criteria. You'll want to insert all of the products that match the criteria you're looking for into a spreadsheet or CRM software.

When a brand owner agrees to sell you their product, a negotiation process will ensue.

They will send you their price list and have you fill out a new account application.  Typically, brand owners have a minimum order that they want you to place. It could be as little as $250-$500. However, some will be $3,000-$4,000.

If those numbers are too high for you, simply find a new brand owner. In the beginning, I recommend that you order as little as you possibly can. When you're doing this process, the initial step is an estimate. You're using software that guesses what the sales velocity will be.

You don't want to get stuck with inventory that you can't sell. In the beginning, we placed test orders and sent them in, which gave us sales data that helped us confirm if our estimates were correct. Once that is good, you'll want to order one month of inventory at a time.

It took me about one 1-2 months to land my first wholesale account. They are still my wholesale account to this day. That's one of the benefits of the reverse source wholesaling method. Once you find a wholesale account, as long as you're providing value to them, you can keep that account.

Did your success all happen at once or did it take some time? 

Reverse source wholesaling is an inventory-based business model which means that some of your primary restrictions are always going to be your available capital. If you're starting with $1,000 on a credit card, you're going to be able to grow it into something big.

The best month I ever had on Amazon was $95,000.

It took me about 3 years to get to that place. Most months my business settles in at $50-$55,000 in revenue. Once you grow to that point, you can reinvest or start taking a paycheck.

How much time does your business require from you?

It depends on the trajectory and the goals that you have for your business. Initially, I was spending less than 5 hours per week because I was a full-time chef. I was pulling 70-hour workweeks. When I wasn't working, I was spending time with my wife and children. I just didn't want to spend that much time on this business.

The moment that I was able to hire virtual assistants to work for me, the game changed. This proved to be rocket fuel for the growth of my business. They started working 40 hours per week on my business. I quit my full-time job in 2017, which allowed me to invest even more time as well.

Today, I spend 5-10 hours per week working on my business. I'm not actively growing my business right now. Rather, I am going deeper with the accounts that I already have and providing better services so that I can hold onto them, long-term.

As Amazon continues to grow, do you think that the Amazon wholesaling model will be of value to sellers?

It is getting more competitive, but that has always been the case. The rate of competitiveness is not meeting the rate of Amazon's expansion. Most Amazon sellers don't stick around for very long, so that competition falls off.

Persistence pays off. Also, brands are always coming to the Amazon marketplace. They don't know what they are getting into sometimes.

Thus, there is a tremendous opportunity to provide value to them.

I manage five brands in total. You don't need to have a gigantic slice of the Amazon pie. It's your job to carve out a place for yourself. If you get a handful of great brand accounts, you could potentially replace your income.

What is considered a good profit margin with the Amazon wholesaling model?

I'll assume that your business is up and running and you've already got a few brand accounts. When you're at this place, you can expect to see 15-20%.

This profit margin will depend on how much PPC advertising you're running, the rate you negotiate with the brand owner and shipping costs. When you're first starting you have to absorb some fixed costs. The more revenue that you have, the smaller your software subscription percentages become and the bigger your margins are.

How did you come across the Wholesale Formula and what has been your experience with it? 

I first came across the Wholesale Formula inside of a retail arbitrage group that I was a part of. At the time, I was complaining about how I disliked retail arbitrage. Someone inside of the group introduced me to Dan Meadors and Dylan Frost, who are the founders of the Wholesale Formula.

They taught me everything that I know about reverse source wholesaling.

Everything from the criteria that you need to look for, how to identify great products and brands, and how to land great accounts. However, it goes a lot further than that. The model teaches you how to build relationships with brand owners so that you become more valuable to them.

Ultimately, the goal is to have an exclusive right to sell a brand's products on Amazon. Getting to this place in your business means that you've eliminated other Amazon sellers on a listing and you now have 100% of the buy box sales. The Wholesale Formula teaches you how to do that.

What advice would you give to someone who has a desire to make money on Amazon, but isn't sure how to get started? 

I came across a study that said small business owners who start a business while working full-time have an incredible advantage over those who start without a day job. There has never been a better time to start a side hustle.

Amazon FBA presents a huge variety of opportunities. Of those opportunities, I believe in the power of the Amazon wholesaling model. It's the least risky way to start, in the sense that it doesn't require a huge time or monetary commitment.

What was your driving motivation to create success with this business model?

I don't like working for other people. That was my strongest WHY.

I'm very possessive over my time. I want to use my time in my life the way that I want to use it. I always felt that I had a boss that felt entitled to my time. Ultimately, this is why I decided to quit my day job and pursue this business opportunity, full-time. It was the best decision I've ever made.

This is how Ian Bower made $90,000 in ONE MONTH with Amazon wholesaling.

I hope Ian's success story inspires you to take action with this business model. If you want to learn more about reverse source wholesaling, watch my interviews with Dan Meadors and Dylan Frost who are the founders of the Wholesale Formula.

Whether you want to build a side hustle or replace your income altogether, Amazon wholesaling is a great way to make money on Amazon.

Are you ready to make high-profit Amazon sales using the power of wholesaling? CLICK HERE to find out more about The Wholesale Formula! 

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5 Ways To Make Money On Amazon https://projectlifemastery.com/5-ways-to-make-money-on-amazon/ https://projectlifemastery.com/5-ways-to-make-money-on-amazon/#respond Mon, 16 Aug 2021 18:00:26 +0000 https://projectlifemastery.com/?p=13345 Amazon dominates eCommerce, making it possible for ANYONE to sell on their platform. Ready to discover 5 ways to make money on Amazon? Click here for more!

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Do you want to make money on Amazon but don't know? You'll want to read this.

Both Tatiana and I have had a lot of success using various business models on Amazon. In this blog, we share 5 ways that you can make money on Amazon.

We talk in-depth about each of these 5 Amazon business models so that you can decide which is the best for you.

More importantly, we tell you exactly what it takes to get started with each of them.

If you're ready to make money on Amazon and build your dream lifestyle, keep reading!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/2c18c16d-0425-4e6e-bb9f-7ec6c6212935/stream.mp3″ background=”default” ]

Do you want to know how you can achieve your first $10,000 month with Amazon FBA? CLICK HERE to get instant access to my FREE Amazon FBA video training series! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Are you ready to get your slice of the Amazon pie?

Amazon has provided an incredible opportunity to make money on its platform. The pandemic has accelerated the growth of Amazon's marketplace. Today, shopping online has become the norm. Amazon is fast becoming the largest U.S. retailer in the world.

Analysts project that Amazon's overall revenue for 2022 will be $580.2 BILLION. If you've been wondering if now is the best time to start selling on Amazon, let these numbers be your proof that it is!

Some of the business models are more lucrative than others. Nevertheless, all 5 models can make you money online. Let's dive in!

1. Private Labeling 

When you private label a product, you're simply putting your brand name and logo on it. With private labeling, you're not inventing a new product to sell on Amazon. Rather, you're researching to determine which products are already selling well on Amazon.

Once you've decided on a product that you want to sell, you want to look for a manufacturer, locally or internationally, that is already producing that product. When working with a manufacturer, you will need to determine your ordering quantity.

Most suppliers have a minimum order quantity (MOQ). Depending on the number of units that you buy, you can negotiate the price with the supplier. Once you have placed your order with the supplier, you ship your products to an Amazon fulfillment center. You can find these centers all over the U.S., as well as internationally. Amazon fulfillment centers will then pick, pack and ship your products for you, at a price.

Private label selling is a hands-off process because you're doing a lot of the work from your computer. In reality, you don't even have to touch the product. Once you set up your Amazon listing, you can start selling and generate sales!

Amazon knows when an order has been placed for your product and they ship it to the customer. What's amazing about private labeling products is that you can buy them at a discounted rate and sell them at a higher price.

Typically, the profit margins are 30% and higher. What we love about private labeling is that you get to build your brand. When you're building a brand, you're building an asset. You can earn a big payday in the future if you decide to sell your brand. This is the model that Tatiana followed.

She built a 7-figure Amazon business by private labeling products from China. At one point, she made $500,000 in sales in ONE month. Recently, she sold that business. Her story is proof that private labeling is the most lucrative opportunity on Amazon.

If you want to learn Tatiana's best tips and strategies for building an eCommerce business on Amazon, I highly recommend that you subscribe to her YouTube channel. Similarly, if you want to dive deeper into the Amazon FBA process, check out my Amazon FBA YouTube playlist.

2. Amazon Book Publishing 

Amazon book publishing is an inexpensive and newbie-friendly business model. First, you need to sign up for an account on Amazon's self-publishing platform, called Kindle Direct Publishing (KDP).

On this platform, you can publish a Kindle book or a paperback version. They have another platform called ACX, which allows you to publish an audiobook version.

You can either write your book or hire a ghostwriter to write it for you. We highly recommend browsing for writers via Upwork. If you take the ghostwriting route, keep in mind that you still own the rights to your book. You can publish it under your name, a pseudo name, or a pen name.

Also, you'll need a book cover. You can design it on your own or you can hire someone fairly inexpensively on Fiverr to do it for you. Once your book is published on Amazon, you can utilize Amazon's search engine and its advertising platform.

Of course, you also have the option of marketing your book outside of Amazon. The one challenge with Amazon book publishing is that it's harder to scale because you're selling a low-ticket product. However, you can still make a couple of $1,000 per month in passive income.

This FREE training video that I created reveals how you can create a $10k month in passive income with Amazon book publishing.

Also, I created a course called Mastering Book Publishing that shares my step-by-step system for how you can make money from home publishing books on Amazon. If you want to learn more about how book publishing works, check out my Amazon Book Publishing YouTube playlist.

3. Reverse Sourcing Wholesale

With reverse sourcing wholesale, you are selling someone else's brand. The benefit of this business model is that you don't have to financially invest as much as you do with private labeling. To understand this business model, you have to understand how traditional wholesale works.

With traditional wholesale, you find a manufacturer, at which point they send you their catalog. Your job is to choose several products that you want to sell and place your order. The challenge with traditional wholesale is that you don't know if those products are going to sell.

Reverse sourcing wholesale does the opposite. It involves doing research on Amazon and finding products that are already selling well, or that have the potential to sell well. Once you find a product that you want to sell, you want to contact the manufacturer or brand owner.

You want to ask them if you can buy their products at a wholesale price and sell them on Amazon. This business model is risk-free, which is why it's a great way to get started selling on Amazon.

You don't even have to create your own Amazon listing. Rather, you just have to piggyback on what an Amazon seller has already created. Keep in mind that if you want to be successful with this model you have to contact A LOT of brand owners.

You've got to have a compelling reason as to why you want to sell their brand. The goal is to add value. This may look like helping brand owners build their social proof on Amazon or improve the quality of their listing.

Eventually, someone will say yes. However, it will take time and patience. Currently, Tatiana and I are learning how this business model works from Dylan Frost and Dan Meadors.

They are the founders of The Wholesale Formula Method. They have made $30 million in Amazon sales with reverse sourcing wholesale, proving that there is a lot of money to be made with this business model.

4. Amazon Affiliate Marketing 

Amazon has an affiliate program called Amazon Associates. Anyone can join. However, to be approved, you need to have a website. If you don't have a website yet, it is fairly easy to set one up.

Once you get approved for Amazon's affiliate program, you can earn an affiliate commission by promoting ANY product on Amazon. When people click on your affiliate link and purchase a product through you, you will earn an affiliate commission from it.

Unfortunately, the downfall with this business model is that affiliate commissions are quite low. Usually less than 5%. However, if you're promoting high-ticket products on Amazon, like TVs or jewelry, your commissions will be higher.

Also, with Amazon affiliate marketing, you need to get your own traffic. This means that you may have to set up a blog, write articles and learn how to attract people to your blog. Alternatively, you could promote Amazon products on a YouTube channel.

If you want to achieve success with affiliate marketing, you must learn how Internet marketing works. The great thing about Amazon Affiliate Marketing is that it complements any of the other business models.

If you're building a brand, you can recommend other similar products that complement yours, and be an affiliate for those as well. Oftentimes, Amazon Associates is used for people who are already selling on Amazon, whether that's through private labeling or books.

You can be an affiliate for your products. This is a great way to make some additional money. More importantly, it helps you set up tracking links to see where your Amazon sales are coming from. If you want to learn more about affiliate marketing, sign up for my FREE Affiliate Marketing Masterclass or check out my Affiliate Marketing YouTube playlist.

5. Retail Arbitrage

Retail arbitrage involves buying products at a discount from garage sales or thrift stores and reselling them online for a profit.

Amazon has an Amazon Sellers app where you can scan barcodes to see how many products are selling on Amazon. This will help you determine what your estimated profit would be if you bought a product at a certain price.

The challenge with his model is that you've got to hustle. There are no guarantees. However, it is a good way to make some extra cash.

A more scalable route is online arbitrage. It's similar to retail arbitrage except that you're doing it online. This involves going to websites like Walmart.com and looking for items in the clearance or sales section.

You want to determine how much profit you could make if you were to buy a product at a discounted price and sell it on Amazon at the full price. If the profit is significant enough, you can buy a certain number of units of that product on Walmart.com. From there, you would ship those products to an Amazon fulfillment center and sell them on Amazon for a profit.

This business model can be time-consuming, but it's a great side hustle if you're committed to it.

These are 5 proven ways to make money on Amazon.

If you want to create financial freedom, Tatiana and I both recommend that you pursue private labeling. Reverse sourcing wholesale is also a lucrative option. At the end of the day, you need to decide which model suits you best.

Whichever option you pursue, don't wait one day longer. Millions of people are making money on Amazon. It's time for you to take action and join them!

Do you want to know how you can achieve your first $10,000 month with Amazon FBA? CLICK HERE to get instant access to my FREE Amazon FBA video training series! 

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NEW Amazon Product Research Tool: How To Find Profitable Products With Zoof https://projectlifemastery.com/amazon-product-research-tool/ https://projectlifemastery.com/amazon-product-research-tool/#respond Thu, 22 Jul 2021 15:00:18 +0000 https://projectlifemastery.com/?p=13318 Are you ready to find a million-dollar product on Amazon? I talk to Mike McClary about the NEW Amazon product research tool Zoof to help you find it. Click here for more!

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Have you been struggling with the Amazon product research process?

I know about a NEW tool that makes doing Amazon product research easier than ever before.

Zoof is a software tool that allows you to research the best product opportunities in seconds.

In this blog, I interview Mike McClary about this tool and he walks you through how to find profitable products with Zoof.

If you're ready to maximize your success on Amazon, listen to Mike!

(Click Here To Watch On YouTube)

Do you want to find a million-dollar product on Amazon in 10 seconds or less? CLICK HERE to start your FREE 14-day trial with Zoof!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Zoof is a one-stop-shop for all your product research needs.

One of the biggest challenges that new Amazon sellers face is finding profitable product opportunities. Most new Amazon sellers don't have criteria that they follow when they're doing product research.

The product that you choose to sell on Amazon can make or break your success. You want to find products that have high demand, meaning they are already selling well on Amazon. Ideally, you also want to find products that have low competition.

Once you have found a profitable product, the process of selling on Amazon becomes so much easier. There are a lot of great research tools on the market that can help you with the Amazon product research process. It can be tough to choose the right one to go with.

However, there is a new tool that just came out called Zoof, with features that outshine the rest. This software was recently acquired by my friends Matt Clark and Mike McClary. They are the co-founders of Amazing.com.

Watch the video above where Mike McClary shares his computer screen and demonstrates how Zoof works! 

Mike McClary has been selling online for over 8 years. He has tried every product selection tool on the market. Unfortunately, every single tool has left him feeling frustrated. None of the tools answered the one question that he and every other seller want to have answered.

This question is…“Which exact products can I sell with the highest profit and the lowest competition so that I have the best chances of success when launching them?”

Zoof has a feature called Spotlight that helps you find the perfect product to sell on Amazon. When you log into the Zoof dashboard you will be asked two questions:

1. What is your budget? ($1,000-$100,000)

2. What kinds of products are you interested in? (you can choose 5 max)

Once you've answered these two questions, Spotlight starts searching through millions of products in its database. Their goal is to find the best product opportunities for you, based on your budget.

In addition to your budget, Spotlight is doing a lot of logic in the background. They want to make sure that each product that you choose has a lot of profit potential and low competition.

As an Amazon seller, this allows you to compete from the get-go.

Spotlight has a feature that allows you to see all of the different top-selling products on Amazon. With other tools, these products would be scattered all over the place. Spotlight looks at the average monthly revenue, the average reviews, and the average price of every top seller for a given product.

For every product that Spotlight has in its database, it knows the Amazon FBA costs, referral fees, estimated manufacturing costs, shipping costs, duties, and taxes of a given product. Thus, you can look for products that are selling a lot AND making a lot of money.

In addition to these profit numbers, Spotlight also looks at the average of the top 10 sellers. This information allows you to come up with an estimated entry-level minimum order quantity (MOQ). Spotlight can take your entry-level MOQ and calculate what your entry-level budget should be.

If you still can't decide which of the product opportunities Spotlight shows you, Mike and his team at Amazing.com have created a Spotlight Score. This takes into account the same 3 factors that they look at when launching products on Amazon:

  • What is the potential?
  • Is there a risk that the product won't take off?
  • What is the likelihood of success after doing a competitor analysis?

All 3 of these factors are taken into account to arrive at a Spotlight Score.

This number is between 1 and 100. The higher the number, the higher the opportunity is for you. There is no other product research tool on the market that offers features like this.

Once you've researched profitable product opportunities, the next step is to do supplier research.

Instead of using a spreadsheet, Spotlight has a feature on its dashboard that allows you to keep track of and store a list of potential suppliers. Since most of the products that you will look for will be sourced from Alibaba, Spotlight has a feature that does a search on Alibaba for those products.

This is how to find profitable products with Zoof!

Not only is Zoof the best product selection tool, but it is also the best tool for organizing your products and keeping track of your suppliers and brands.

The software is designed to help you succeed from the start. Don't miss your opportunity to find the perfect product that can give you lasting financial freedom.

Do you want to find a million-dollar product on Amazon in 10 seconds or less? CLICK HERE to start your FREE 14-day trial with Zoof!

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How Amazon Payouts Work & How To Get Paid Faster https://projectlifemastery.com/how-amazon-payouts-work/ https://projectlifemastery.com/how-amazon-payouts-work/#respond Thu, 01 Jul 2021 15:00:17 +0000 https://projectlifemastery.com/?p=13304 I want to help you take control of your cash flow. Do you want to know how Amazon payouts work and how you can get paid faster? Click here for more!

The post How Amazon Payouts Work & How To Get Paid Faster appeared first on Project Life Mastery.

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Are you tired of waiting two weeks for your Amazon payouts?

Having to wait this long reduces your cash flow, which means less money to buy more inventory. As a result, your business cannot grow.

There is nothing more frustrating for an Amazon seller.

Inside this blog, I'm going to tell you how you can get paid faster with a financing company called Payability. 

If you're ready to get paid EVERY DAY for your Amazon sales. read this!

(Click Here To Watch On YouTube)

How would it feel if you could get paid every day for your Amazon sales? CLICK HERE to sign up for Payability and get a $250 sign-on bonus!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

How does Amazon pay its sellers?

Once you've set up your Amazon Seller Central account, Amazon will send your payouts to your bank account using an Automated Clearing House (ACH). These payouts will go into your account every two weeks.

However, you won't necessarily get paid on the 1st and the 15th of every month. Payout dates are based on when you start selling on Amazon. Thus, you may have a different payout date from other sellers.

There are 3 scenarios where payments can get delayed.

Scenario #1

If an item is shipped to a customer within 7 days of your payout date, then you will receive your payout in your next pay period. 

Scenario #2

Because Amazon is paying you as an ACH bank transfer, the money may be posted in your bank account longer than expected. There may be a 2-5 business day delay. It depends on your bank and where in the world you live.

For example, I'm a Canadian but I sell in the U.S. under my Amazon Seller Central account. Therefore, I always expect a delay because Amazon is sending the money from their bank account in the U.S. to my Canadian bank account. 

Scenario #3

If there are chargebacks or claims against your Amazon Seller Central account, your payout money can be held. Similarly, if your account is under review, due to things like negative seller feedback or poor seller performance.

Situations like these can affect your account health and put your account in an account reserve. 

Why does Amazon take two weeks to send a payment?

Amazon is obsessed with the customer experience. Thus, they want to make sure that their customers have an amazing experience and that they are satisfied with their shopping experience and products.

The reason for the two-week payout is that Amazon wants the customer to have time to receive, assess the product(s) that they purchase, and return them if they aren't satisfied. Amazon will take all of these factors into account.

If there's a case where a customer returns a product, Amazon will withhold your money from your payout period to cover any costs associated with that return. Similarly, if there are any issues with an order, like the order getting lost in shipping, Amazon may hold your funds while they investigate the issue.

With this in mind, it's really important to make sure that you have high standards as an Amazon seller. If you do this, you won't fall into the trap of compromising your Amazon Seller Central account.

But there is still the issue of not getting paid when you need those funds…

How To Get Paid Faster

The financing company Payability helps you get paid faster. This company has a feature called Instant Access, which allows you to get next-day payouts of your Amazon sales.

For example, let's say on Monday you make $5,000 in sales. On Tuesday, you can get paid 80% of your money, which would be $4,000. The remaining 25% would get paid on your next payment cycle.

That money is held for things like returns and chargebacks. With this option, you no longer have to wait two weeks. Thus, you can grow your Amazon business faster.

A big challenge that a lot of eCommerce sellers have is managing their inventory and cash flow.

If you rely on your two-week payouts to make your next inventory order, you'll get yourself in trouble. For this reason, if your product is selling really well, you want to avoid running out of stock. This is bad for your business. Payability solves this issue for you!

Another awesome feature of Payability is something called Instant Advance.

This feature allows you to get a large sum of money in 24 hours based on no credit checks. The amount of money you can receive is based on your future receivables and sales. They can give you up to $250,000!

If you're looking to scale your Amazon business, but you're limited with your finances, this feature will help you tremendously. This feature is available for those who are selling on marketplaces like Amazon, Shopify, eBay, Newegg, and Walmart.

Keep in mind, whether or not you get approved for this feature depends on your marketplace sales and the overall health of your Amazon Seller Central account.

This is how Amazon payouts work & how to get paid faster.

Whether you're a beginner or a seasoned Amazon seller, Payability will be of value to you. You can get set up with this company in ONE business day. Moreover, there are no credit checks required to sign up.

Their application process is based on your Amazon Seller Central account health, history, and seller performance. If you are tired of not having enough cash flow to grow your Amazon business, I encourage you to try using Payability.

When you get paid faster, you can scale quickly. In other words, signing up with Payability is a win-win!

How would it feel if you could get paid every day for your Amazon sales? CLICK HERE to sign up for Payability and get a $250 sign-on bonus!

The post How Amazon Payouts Work & How To Get Paid Faster appeared first on Project Life Mastery.

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Need Motivation To Start Your eCommerce Business? Watch This. https://projectlifemastery.com/ecommerce-business/ https://projectlifemastery.com/ecommerce-business/#respond Thu, 17 Jun 2021 08:43:55 +0000 https://projectlifemastery.com/?p=12427 Starting an online business is easier and more cost-effective than ever before. Do you need some motivation to build your eCommerce business? Click here!

The post Need Motivation To Start Your eCommerce Business? Watch This. appeared first on Project Life Mastery.

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Do you need motivation to build your eCommerce business? I'm here to help you to take action.

A lot of people have a desire to start an eCommerce business, but they don't know where to begin. This is where I come in.

I've built a 7-figure online business from scratch. I know what works and what doesn't when it comes to building a business.

The potential to make money in the eCommerce world is huge right now.

Ready to find out how you can take advantage of this huge opportunity? Keep reading!

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/260b53f7-4593-4536-92d7-a3599e177947/stream.mp3″ background=”default” ]

Do you want my ultimate guide for making money on Amazon? CLICK HERE to get instant access to my FREE Amazon FBA training!

eCommerce is growing at an unrivaled rate all over the world.

eCommerce sales reached $196 billion in the first quarter of 2021. If you're sitting there thinking, “Wait, is that even possible, given the current state of the global economy?” The answer is yes! If you are someone who aspires to quit your 9-to-5 job and become your own boss, an eCommerce business is your golden ticket.

When my fiancée, Tatiana, and I started our online businesses we didn't believe that it was possible to achieve the kind of success that we have now. We were wrong. Both Tatiana and I have built successful eCommerce businesses that afford us the ability to live the laptop lifestyle, on our terms. We are able to travel the world, work from home, and be our own bosses.

Because we have set ourselves up to be financially free now, we never have to worry about money again. How would your life change if you could create this reality?

Tatiana makes $222,000 per month on Amazon & Shopify and she is only 26 years old. When she first started her eCommerce business she had zero business experience. Keep in mind that Tatiana's first product wasn't the one that made her a millionaire.

She chose a simple, small product that would allow her to gain experience, confidence, and knowledge as an Amazon seller. As a result, she was able to leverage her success with her second and third products. Because Tatiana was so young when she started her Amazon business, she had a naive way of going about things.

In actuality, this mindset worked to her advantage. She didn't worry about what could go wrong, which is the trap that I see so many people fall into. Instead, she took massive action on what she was taught and focused on what could go right. Yes, she made mistakes along the way, some of which were costly.

However, mistakes come with the territory of being an entrepreneur.

All that matters is how you respond to the mistakes you make. Researchers from The Chinese University of Hong Kong identified two types of responses after making a mistake: blaming approach and problem-solving approach. While the blaming approach leads to destructive behaviors, the problem-solving approach leads to new insights and smarter ways of working.

Not surprisingly, taking the latter approach is the best option. Failures are the stepping stones to success. Make it your goal to fail forward, meaning that you find the lessons in every mistake. This is what ensures that you don't make the same mistakes twice and that you are able to transform challenges into opportunities for growth.

When you start an online business you don't have to know how to do everything right away. As Martin Luther King Jr. once said, “You don't need to see the whole staircase, just take the first step.” Start small, learn as much as you can, take action, and move onto the next thing. From personal experience, I can tell you that building your eCommerce business with a long-term perspective from the onset will be key to your success.

One thing is for sure… COVID-19 has changed the world and eCommerce has been forced to evolve with it. More and more people are shopping online and will continue to do so. Now is the time to take advantage of this opportunity.

An eCommerce business can transform your entire life.

If you are willing to delay instant gratification and invest time, energy, and hard work into building a business, there is no limit to what you can achieve. You can set up your entire future, just by making the decision today that you're ready to design life on your terms.

There are those who merely dream of success, while there are others who take action and make it happen. Which person will you be?

Do you want my ultimate guide for making money on Amazon? CLICK HERE to get instant access to my FREE Amazon FBA training!

The post Need Motivation To Start Your eCommerce Business? Watch This. appeared first on Project Life Mastery.

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Millionaire Amazon FBA Success Story (How This Single Mom Makes 7-Figures) https://projectlifemastery.com/millionaire-amazon-fba-success-story/ https://projectlifemastery.com/millionaire-amazon-fba-success-story/#respond Tue, 15 Jun 2021 15:00:41 +0000 https://projectlifemastery.com/?p=13264 This single mom success story went from broke with a baby on the way to a millionaire Amazon FBA seller. Her journey will inspire you. Click here for more!

The post Millionaire Amazon FBA Success Story (How This Single Mom Makes 7-Figures) appeared first on Project Life Mastery.

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This single mom success story built a 7-figure business selling on Amazon FBA.

I had the opportunity to interview Anne Ferris who went from broke with a baby on the way to a millionaire thanks to her Amazon FBA business success.

Anne learned how to build an Amazon FBA business through The Amazing Selling Machine (ASM).

In our interview, she shares her millionaire Amazon FBA success story and her experience with ASM.

If you're ready to build a 7-figure business and become financially free, listen to Anne!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/2e7d59b6-5da4-406b-bfcb-2eb34990ed90/stream.mp3″ background=”default” ]

Do you want to find out how you can experience your first $10,000 month with Amazon FBA? CLICK HERE to get instant access to my FREE Amazon FBA video training series! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

There are countless Amazon FBA success stories.

Normal people, just like you and I, have gone from broke to financially free using the power of Amazon. I share these stories with you because I want to show you what is possible. It starts and ends with your mindset.

If you believe that you can succeed with this business, you will. This is one of the many reasons why I love the ASM course. They give you the confidence and belief that anything is possible.

This 8-week training course includes a private mentorship program, a world-class Amazon FBA community of sellers, and a private resource vault comprised of cutting-edge resources to help you grow your business. They set you up to win.

When Anne started her journey she had zero eCommerce experience. Today, she has a 7-figure Amazon business. Let's dive in and find out how she went from broke to a millionaire!

How did you get started selling on Amazon? What kind of success have you been able to create?

I started selling on Amazon in 2017. At the time, I was pregnant with my second baby and became a single mom shortly thereafter. It's fair to say that I was struggling financially. A friend of mine posted something about selling on Amazon and going through ASM.

The moment that I watched the ASM intro videos I knew that I had to take action.

I couldn't afford to pay for the course at the time, so I borrowed money from my mom. That didn't feel good in my soul. However, it created a hunger to dive into the course and go all-in. Before I started selling on Amazon I had no marketing or retail experience.

In my previous job, I was a corporate lawyer. That's the one thing that I love about ASM. The course guides you through one step at a time. I found it easy to understand.

Before I started ASM, I read Napoleon Hills' book, Think and Grow Rich. I consider this book to be an entrepreneur's bible. Inside his book, he has you write down your financial goals.

I thought to myself, “If I was taking home $10,000 per month, that would be amazing.”

After reflecting upon this, I calculated that I would need to be selling $50,000 per month on Amazon to make that happen. I wanted to accomplish this goal in 2 years. It only took me 7 months. Within 18 months, I hit 7-figures in sales. It blew my mind. It's been an amazing journey thus far.

What are the biggest things that contributed to your single mom success story?

I followed ASM, step-by-step. My lack of experience ended up being a bonus for me — I just did what they told me to do!

I sell in the baby niche. My customers are very similar to myself, how I live my life, and the types of products that I use. Thus, I know how to effectively communicate with my customers. That helped me in the creation of my Amazon listing and with doing customer service.

Are you only selling on Amazon, or do you sell on your website as well? 

I have 22 variations of one product and I have another line of products that are being made in the US right now. That's what I'm currently working on. My primary sales vehicle is Amazon but I also sell on Etsy and my website.

Shifting from Amazon to Shopify is easy.

However, if you start on Amazon you want to clarify what your brand story is. If you want to sell on your website you have to have a lot more of those brand assets. The ads that you're going to run have to be able to grab people's attention and tell a story.

How do you drive sales right now?

When it comes to selling on Amazon, I'm driving sales through Amazon PPC ads. The training available inside ASM is great for teaching you how to do PPC. On my website, most of my traffic comes from Facebook and Instagram ads.

The social platform that I spend the most time on is Instagram because my product is ‘Instagrammable'. People get overwhelmed by social media. Choose 1-2 social media platforms and focus your attention on those. Once you're successful enough, you can hire other people to manage multiple social media accounts for you.

How has your business done since the pandemic?

When the full lockdown happened Amazon's head exploded. From a logistical perspective, this has been a difficult year to sell on Amazon. However, after the first few months, I figured out ways to get around it by using a third-party warehouse.

I sent my products to the warehouse, and the warehouse then sent them to Amazon.

Once those initial issues were sorted out, sales went up. It lit a fire in my belly to start my new line of products. An online business has given me so much freedom to live life on my terms.

What do you see as the opportunity for eCommerce?

Amazon and eCommerce are going to skyrocket. Even as things are opening up again, people are always going to be more cautious. A  lot of stores have closed their brick-and-mortar stores due to the pandemic.

Everyone has gotten into the habit of buying everything online. Thus, it's an amazing time to start selling on Amazon. When you're first starting, my advice would be to consider your branding as well as your products. All of the big changes that Amazon has made to their platform in the last few years has been to allow brands to showcase their brand story.

After you start having success on Amazon, it's a good idea to start selling on your website.

That being said, if you don't have previous eCommerce experience, selling on Amazon is the best place to start. An Amazon listing is much easier to make versus a full website and all of the creative content that you need for your ads.

Also, the Amazon ads platform is really easy to understand. The new content that is coming out of ASM is amazing. Even though I joined ASM7 four years ago, I can still get access to the most up-to-date course materials. Being able to watch the new versions of the course is an invaluable resource for an Amazon seller.

What advice would you give to someone just starting?

There is a better life out there for you if you fight for it. You don't have to settle for a 9 to 5 job that you hate. If you're interested in selling on Amazon, commit, and go all-in. Believe that you can do it.

You don't need the technical skills to do this business effectively. You can learn those skills.

The question is, “Do you have the drive and the resilience to keep going, despite whatever obstacles you will face?” If you believe that you are worthy of achieving success, you will be successful.

What I love about ASM is that you're not just watching 15 hours of course content. They tell you how to do something, and then you go and do it. You learn one small thing and then take the next step. By Module 6, you've got your listing live on Amazon! As long as you take action you'll find success.

This is Anne's broke to millionaire single mom success story.

Her story is proof that with hard work, the right mindset, and education, anyone can create a successful Amazon business and achieve a life of total freedom.

If you want to start selling on Amazon and decide to join ASM through me, I will give you $13,064 worth of FREE bonuses, at no additional cost.

If you need help with your product research process, I managed to get you a discount when you purchase the software JungleScout. This includes a 7-day money-back guarantee.

ASM has changed millions of peoples' lives, including my own. Don't wait to take advantage of this $26 TRILLION opportunity. Your dream life is waiting for you.

Do you want to find out how you can experience your first $10,000 month with Amazon FBA? CLICK HERE to get instant access to my FREE Amazon FBA video training series!

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How He Built His eCommerce Brand To $2M Per Month In 2 Years https://projectlifemastery.com/how-he-built-his-ecommerce-brand/ https://projectlifemastery.com/how-he-built-his-ecommerce-brand/#respond Tue, 08 Jun 2021 15:00:18 +0000 https://projectlifemastery.com/?p=13280 Matt Clark built his eCommerce brand to $2M per month in 2 years. Ready to create a 7-figure Amazon FBA business in 2021? Click here to read this interview!

The post How He Built His eCommerce Brand To $2M Per Month In 2 Years appeared first on Project Life Mastery.

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This is how he built his eCommerce brand to $2M per month in 2 years.

Recently I interviewed my good friend Matt Clark. He is the co-founder of Amazing.com and the co-creator of the Amazing Selling Machine (ASM).

ASM is an 8-week training program that teaches you how to build an Amazon FBA private-labeled online business.

Back in 2014, my fiancée, Tatiana, and I joined ASM. Since going through the training, we have both gone on to build a 7-figure Amazon business.

If you want to learn how to create financial freedom from an Amazon FBA expert, listen to Matt Clark! This is an interview that you don't want to miss.

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/95e42e63-0385-4f1f-9c9d-9a06fa23afd2/stream.mp3″ background=”default” ]

Do you want to discover the secret to creating financial freedom in the new economy? CLICK HERE to register for Matt Clark and Mike McClary's FREE upcoming ASM Evolution webinar! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Selling on Amazon is a life-changing business opportunity.

Despite the COVID-19 pandemic, Amazon still managed to experience massive success in 2020. They made $108.5 billion in net sales in the first quarter of 2021. That’s a 44 percent increase from the $75.5 billion reported in the first quarter of last year.

Amazon is one of the fastest-growing industries and its growth is only beginning. There is no better time to leverage the power of Amazon. Matt Clark knows how to make money on Amazon. By the age of 26, he had already built three multi-million dollar companies.

In our interview, he talks about the steps that he took to build his eCommerce brand to $2M per month in 2 years. Also, he shares details about the new and improved ASM training program called ASM Evolution. Let's dive in!

How did you start your eCommerce business and what kind of results have you achieved from it?

I sell a healthy brand of coffee called LifeBoost. I've been doing eCommerce since 2009. Over the years, I've sold a lot of different types of products. Eventually, I started teaching people how to build 7-figure eCommerce businesses.

That's where Amazing.com originated from. That business grew really fast. A lot of lives were changed from the Amazing Selling Machine. As a result, I didn't have time to start my own eCommerce business.

Finally, when I got some more free time I decided to pursue it. I love drinking coffee, and I'm also really health conscious. I had the desire to develop an organic and healthy coffee option that I could sell. At the time, a good friend of mine had a coffee business.

I tried his product and I loved it.

However, he wasn't driving a lot of new sales to his business. That being said, the people who were buying his product kept buying from him every single month. I told him that I wanted to help him grow his business.

We agreed that if I was able to get the business to a certain point, I would own a certain percentage of the company. At the beginning of 2019, we started working together. At the beginning of 2019, we were making $ 17,000 per month in sales.

By the end of 2019, we were making $600,000 per month. As of last month, we made $2.1 million in sales on Shopify alone. 

For people who are looking to build an eCommerce business from scratch, would you suggest that they sell on Amazon, Shopify, or both?

I would pick one platform to start with. My business partner and I have been doing eCommerce selling for a combined total of 20+ years. We had to pick a battle. At the time, my partner was only selling on Shopify.

Once we started getting consistent results on Shopify (18 months), we transitioned over to Amazon.

If you're just starting, I recommend starting on Amazon. You get access to hundreds of millions of their customers. Amazon takes care of so much in your Amazon business. However, I still suggest that you start a brand. When you do that, you can successfully sell on Amazon, Shopify, and your website.

Why do you believe in the power of building a brand?

The kind of approach that a lot of people take when it comes to selling on Amazon is to make short-term money. From the beginning, I adopted the mindset that I wanted to build a business that produced consistent cash flow that could one day be sold.

It never made sense to build something that would only make me short-term money. Our approach has always been to teach people how to build a consistent long-term business. In the eCommerce world, the best way to do that is by building a brand that you own and control. We've proven that this path works.

On June 1st, one of our ASM members sold their brand for millions of dollars.

They did this by following our model and building a brand. I don't think they could have accomplished this goal had they not followed the path of building a long-term brand with high-quality products. An acquirer wants predictability. 

Which marketing channels have allowed you to scale to $2M per month?

The main ones that have allowed us to scale have been Facebook and Instagram ads. We spend $400,000-$500,000 per month on ads. It's our main source of new customers. With Amazon, you are targeting keywords. Conversely, on your website, you're doing interruption marketing.

Essentially, someone is scrolling through their feed on Instagram or Facebook. You are trying to grab their attention and convince them to click on your page and buy from you.

Before we marketed our product we had to figure out why people would buy from us. We all had theories. Once we determined which ideas were the best, we designed a landing page and matched that with our ad so that we could test our different ideas.

Once we figured out which idea was performing the best, we tested different headlines or angles within the theme that we chose. That allowed us to figure out how we would convince people to buy. Also, we had to determine what offer would get the most money out of the right kind of people. 

Recently, my good friend, Ezra Firestone, shared a really powerful point with me. He believes that no matter how good of a job that you do selling a product on the first go, 75% of your customers are never coming back.

Thus, you've got to make as much money as you can from them the first time that they buy from you.

We had to figure out what would allow us to get a high enough conversation rate and a high enough average order value that would make our product successful. We tested 20-30 different combinations. Once we figured out the main angle, the main headline, and the main offer combination, that's when we were off to the races. 

That's been the main way that we've gotten new customers. We back all of that up with great email marketing after people buy. We want to nurture those relationships and reinforce their buying decisions.

Lastly, we also provide a subscription, which is 40% of our sales. Our model is to get people in the door, once. The right kind of person will love our product and want to buy from us again and again.

We are constantly adding new products to increase revenue. Apart from Facebook and Instagram, recently we've added a lot of other channels, like Amazon, Google Adwords, YouTube, Snapchat, and Pinterest.

Can you share some details about what people can expect from the latest version of Amazing Selling Machine, ASM evolution?

As I expressed earlier, our goal has always been to help people build a long-term business. A lot has changed since the launch of ASM in 2012. The long-term approach has stayed the same, but how you get there has changed.

The reason why we created a sub-name for ASM called ASM Evolution is that we think that is necessary to evolve the Amazon business model. We reached out to our members who have experienced massive success on Amazon.

On those calls, we asked them if they had been adopting different strategies than the ones we taught.

We started to see commonalities. Based on what we learned, we decided to redesign the ASM training program. ASM Evolution is focused on building a tight-knit brand. It's not about selling a lot of cheap or expensive products.

Rather, it's about selling 2-4 tightly-knit products. This version of the program is focused on helping you build a brand from the onset. All of the training is 100% new. We include a lot of cool software.

Also, we've got amazing mentors who are there to help people inside the ASM community. Some of these people have sold millions of dollars on Amazon. They are answering peoples' questions 24/7.

What can people expect to learn if they attend your upcoming free webinar? Also, can you tell us about the crazy prize that you're giving away?

At the training, we are going to provide you with our best information. We will talk about how to find the best products to sell on Amazon, and how to market and rank those products successfully.

Also, we are going to show you how you can build the kind of business that massive companies who have raised billions of dollars in capital are looking to deploy.

We will answer any questions that you may have about ASM Evolution.

Furthermore, we are trying to work on getting a few special guest speakers to talk at the training so stay tuned for that info!

We have a $20,000 prize that we will randomly give to one person JUST for showing up on the webinar training. As part of that prize money, we will also give you everything that you possibly need to build your Amazon business successfully. 

What advice would you give to someone who is brand new to online business and wants to get started selling on Amazon?

First, dive in and learn as fast as possible. Don't be somebody who decides to do everything on their own. I recommend learning from other peoples' experiences, as well as your own. That is how you will achieve results faster.

When I first started my business I had a little bit of savings. Thus, I was able to take the full leap into my business, even though I had no idea what I was doing. However, if you don't have this luxury, that is OK.

There are a lot of Amazon success stories of people who didn't start with a lot of money.

It took them longer to achieve the success that they desired, but they did it. If that's your situation, do it! There is no way to get the results that you want without putting in the time and effort to learn and take action.

Secondly, don't stress too much about the outcome. Have a general idea of how much you want to make, but don't get attached to that number. Show up every day and do the work. Keep learning and working hard.

Finally, get around other people who are either more successful than you or as motivated as you. If you surround yourself with entrepreneurial minds who want to be successful, you'll become that person as well!

This is how Matt Clark built his eCommerce brand to $2M per month in revenue in 2 years.

If you have a desire to create massive wealth in the new economy AND be entered to win a $20,000 price package, don't miss this free webinar training! It's on Thursday, June 10th @ 11 am CST/12 pm EST.

This is your opportunity to learn from multi-millionaire Amazon sellers who want to help YOU build a business leveraging the #1 e-commerce company in the world.

Do you want to discover the secret to creating financial freedom in the new economy? CLICK HERE to register for Matt Clark and Mike McClary's FREE upcoming ASM Evolution webinar! 

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