Wholesale Mine & Refine Method, Finding Gold on Amazon
Sometimes, taking the road less traveled works to your advantage. When it comes to finding profitable products on Amazon, that's certainly the case. In this episode of Entrepreneur Adventure, Todd walks us through his tips for aiming low to win big and find gold! Stay tuned.
What would you do to increase your Amazon sales by up to 30%? Open an additional account? Diversify your products? If you’re anything like e-commerce entrepreneur Kevin Sanderson, you’ll do what others won’t to achieve the results others can’t. So what’s something most won't do? Hop the pond (or simply cross the US-Canadian border) through international expansion.
Expanding internationally can increase your sales anywhere from 10-30%. In this episode of Entrepreneur Adventure, Kevin demystifies international expansion so you can boost business without the head-scratching confusion.
Show Notes & Transcript: https://www.entrepreneuradventure.com/ea7-how-to-sell-internationally-on-amazon-with-kevin-sanderson/
Kevin’s Story
Like many of us, Scott Voelker’s The Amazing Seller podcast introduced Kevin to e-commerce. After investing a season’s worth of part-time income into his Amazon business, Kevin began working full-time for his own dream selling private label. Kevin and Todd connected through Brand Accelerator Live, an event that allows e-commerce professionals to share their secrets to success. Today, Kevin shares his secrets with you.
Cast A Wider Net
Kevin believes everything is a function of time; the faster you cast a wider net, the faster you’ll see results. Kevin has successfully increased his professional growth by multiplying his sales channels through international expansion. Despite fears of complex tax laws, Kevin feels most international regulations are easier to interpret than U.S. tax laws.
Canada
If you've never expanded internationally, Canada is a fantastic place to start. Their tax laws are simpler (and friendlier) than Europe’s and Canada is closer. In other words, shipping is cheaper. Not to mention, there's generally less competition. Kevin recommends hiring a CPA and registering for GST and HST, Canada's goods and services tax. If registered you'll recoup what you paid in GST through Amazon. Fill out your RC1 form here! While you lose Amazon's UPS discounts, Kevin has discount codes that always come through at checkout (EASY & FAST).
Europe
Looking to expand to Europe? Start in the U.K. The U.K. has a 20% VAT tax included in your selling price. However, if you're using a prep center, ask how they deal with VAT because when it comes to business-to-business deals, prep centers may in fact add VAT on top of the selling price.
Amazon also has an algorithm in the United States that determines where your products should be shipped for expedited delivery. The only way to replicate this in Europe is by clicking that you accept Pan-European. By accepting this agreement, you're responsible for products not only in the E.U. but in countries where products are stored (Poland, Czech Republic). Due to the money
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https://www.youtube.com/watch?v=BMMU2MQxI08
Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7
How you can make money doing retail arbitrage at Goodwill and how I use the Scoutify app to find great products to flip on Amazon. Retail arbitrage at goodwill is fun and fast and can make you decent money.
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DOWNLOAD Wholesale Supplier Request Email Template & Amazon Exclusive Reseller Agreement: https://www.entrepreneuradventure.com/emailtemplate
ALL MY AMAZON SELLER RESOURCES: https://www.entrepreneuradventure.com/amazon-seller-resources/
1 ON 1 COACHING CALL: https://www.entrepreneuradventure.com/yt-consult/
Related Videos:
8 Secrets to Retail Arbitrage and Inventory Lab Scoutify to Maximize Profits on Amazon 2018: https://www.youtube.com/watch?v=VIpqYoAC6-4
What is the Best Retail Arbitrage Scanner? Triple Your Retail Arbitrage, Symcode Review: https://www.youtube.com/watch?v=D9FGj-lqRMw
REGISTER TO WIN Worldwide Brands Giveaway $299 VALUE: https://giveaway.entrepreneuradventure.com/worldwidebrands/
FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://entrepreneuradventure.com/38
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https://www.youtube.com/watch?v=j_8pUXgHvKU
On a special episode of Entrepreneur Adventure, we’re answering questions from an Amazon Wholesale Mine & Refine Live Q+A. If you’re interested in dusting off old products for high sales and a 75-100% ROI, sign up for access to the private Facebook group and stay tuned.
Show Notes and Transcript: https://entrepreneuradventure.com/58
Wholesale Mine & Refine Masterclass: https://entrepreneuradventure.com/mine
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https://www.youtube.com/watch?v=BMTMM_bWEKo
Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7
Todd takes questions from listeners of the podcast to help them in their Amazon business.
The first question is from Josh who asks how to win the Amazon buy box and if he finds a product to sell on Amazon but the brand does not want to sell to him how can he find a supplier for the product.
Second question is from Harry who asks what is a value proposition website and how do I build it. If it is wordpress what theme and plugins should I use for it.
uestion? Submit here: https://entrepreneuradventure.com/ask-todd/
Download Email Templates: https://entrepreneuradventure.com/emails
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Website: https://www.entrepreneuradventure.com/
FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://entrepreneuradventure.com/38
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https://www.youtube.com/watch?v=q_6RAO8cG2s
Are you thinking about starting to sell on Amazon using the wholesale method but not sure where to start? Do these 10 things and you will get started on the right path to success. Building a business is not easy but following certain steps can make it more simply. These are the steps that I followed and countless others have followed to build million dollar businesses selling on Amazon.
Download My Cashflow Plan Template: https://www.entrepreneuradventure.com/cashflow
Profit First Book: https://amzn.to/3dw3TI1
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EIN Registration: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online
SALES BOOKS:
Getting to Yes: https://amzn.to/2JdEzsi
B2B Is Really P2P: https://amzn.to/3dy0V5S
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How To Be A GREAT Salesperson...By Monday Morning!: https://amzn.to/3akH1cl
Way of the Wolf: Straight Line Selling: https://amzn.to/2JdUqat
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FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://entrepreneuradventure.com/38
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https://www.youtube.com/watch?v=q-ntlIXjVOA
Building and maintaining relationships is the key to winning wholesale. Take it from Mina Elias, a private label pro who built his supplement brand to seven figures.
While we spend most of our time talking wholesale on this podcast, there are many things wholesalers can learn from giants in private label. From optimizing listings and creating ad campaigns to adding value, and, of course, building relationships, brand masters can help you master the brands of your suppliers.
On this episode of Entrepreneur Adventure, Elias walks us through his strategy for success and how wholesalers can borrow tricks from the private label trade. Stay tuned.
Show Notes and Transcript: https://entrepreneuradventure.com/52
Wholesale Mine and Refine Masterclass: https://entrepreneuradventure.com/mine
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https://www.youtube.com/watch?v=xlOV5pVQRuo
Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7
Are you struggling to find product to sell on Amazon? Watch this video now to quickly find out how to find an unlimited number of products to sell.
The Amazon wholesale game is all about numbers, the more accounts you can open the more products you will find.
To give you and idea if you contact 100 distributors you can hope to open around 10% - 20% and perhaps find 5-10 products that you can sell on Amazon.
So do not get discouraged the money is there to be made you just have to keep learning, keep hustling and keep moving forward.
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ALL MY SELLER RESOURCES: https://www.entrepreneuradventure.com/amazon-seller-resources/
DOWNLOAD MY WHOLESALE EMAIL TEMPLATE: https://webinar.entrepreneuradventure.com/wholesale-email-templates
WHOLESALE ACADEMY COURSE I RECOMMEND: https://www.wholesaleacademy.com/
FULL TRANSCRIPT: https://www.entrepreneuradventure.com/how-to-quickly-find-amazon-wholesale-distributors-using-google/
FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://entrepreneuradventure.com/38
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https://www.youtube.com/watch?v=anCsEXyqwzo
Ready to skyrocket your sales? In this concise yet powerful video, learn how to scale your business from zero to $500,000 in gross sales within a year. Discover key strategies for leveraging your finances, optimizing your time with virtual assistants, and executing effective growth tactics. Whether you’re hands-on or outsourcing, this guide provides actionable insights to help you achieve rapid growth. Tune in to unlock the secrets to hitting $45,000 in monthly sales and beyond, paving the way for even greater success in year two. Don't miss out on transforming your business trajectory – watch now and start growing!
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https://www.youtube.com/watch?v=tSzs7cvYpc4