In today’s special Q&A, Todd answers your questions live! Stay tuned for answers on everything from selling internationally to communicating with brands and finding profitable products.
Every day, Amazon gets a little more competitive. That means we sellers are no longer able to skate by with sub-par listings and sub-zero effort. The quality of your listings can determine your success on Amazon and no one knows that better than Mac Schlesinger, Founder and CEO of Best Seller Listers. In this episode of Entrepreneur Adventure, Mac walks us through his Amazon journey and tips for creating a top-notch listing. Stay tuned.
Show Notes and Transcript: https://entrepreneuradventure.com/54
Best Seller Listers: https://bestsellerlisters.com/
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https://www.youtube.com/watch?v=VIdX_0qTVEA
Not all distributors offer the same value! In this short video, learn why it's crucial to shop around for the best prices from different distributors. Discover how to identify more profitable distributors by comparing prices and terms, just like you would compare Walmart and Target. Get actionable tips on searching for better deals and improving your profit margins. Don’t settle for less—find out how to ensure you're partnering with the best distributors for your business needs. Tune in and start optimizing your supply chain today!
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https://www.youtube.com/watch?v=MxRoLXz8CxI
Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7
Getting rich takes time and hard work so get out of your head to get rich quick because if you think like that you will never get rich. Stop looking for how to get rich quick and start building a business.
Then 10X your business goals to put yourself in a mindset to build your business beyond what it currently is.
*The 10X Rule Book: http://amzn.to/2CrEnjz
1 ON 1 COACHING CALL: https://www.entrepreneuradventure.com/yt-consult/
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/
*This is an affiliate link which means I will get a small commission if you buy through this link which helps to keep this show going for free.
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=MTVEUveJ40s
Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7
There’s a big difference between an Amazon seller and a businessperson who uses Amazon. At least according to Dillon Carter, an Amazon wholesale success story. After listening to The Selling Family, Carter became entranced with the idea of building a business on Amazon. In his early 20s, Carter took the ultimate risk when he quit his day-job and dove headfirst into sales. While digging up a decent paycheck in retail arbitrage, Carter wanted more. Hoping to scale his business, he took yet another risk and switched his model to wholesale. Carter now earns six figures in annual sales and develops tools specifically designed to improve your business. In this episode, Carter walks us through his strategies for overcoming every obstacle wrapped in the Amazon package.
Get Your Vendrive & Aura 20% Off Promo Codes: https://www.entrepreneuradventure.com/ea6-interview-with-dillon-carter-successful-amazon-seller-getting-started-selling-aura-vendrive/
Show Notes & Transcript: https://www.entrepreneuradventure.com/ea6-interview-with-dillon-carter-successful-amazon-seller-getting-started-selling-aura-vendrive/
Laser-Focused To The Power of Time
Do you feel like there's competition from all angles? Remember this: Amazon’s barrier to entry is ground-level but their barrier to success is sky-high. Only a fraction of sellers will become lucrative business-owners and the secret to success is focus. If your passion is wholesale, spend every day calling distributors.
Relationships Rule
Every new seller is overwhelmed by the prospect of establishing themselves. For success in sales, ditch your 400 emails per day and pick up the phone. Given that most sellers can't make it past a generic email, taking the initiative to call immediately sets you apart. Not to mention, most distributors pre-filter Amazon emails.
Nervous? Even if your first ten calls are a stumbling mess of rejection, the more you listen to a distributor's problems, the more you'll understand their needs and pitch solutions. Don’t let Amazon deter brands; emphasize your transparency and professional etiquette.
Above all, remember that brands are your clients. Focus on their needs and make them laugh! Likewise, ditch the anxiety. The very worst that can happen is an invisible stranger laughs and hangs up. You’ll survive.
Managing Cash-Flow
How much money do I need to start selling? $10,000? $2,000? $500? Carter's answer? Whatever you’ve got. Of course the more money you have to invest, the easier time you’ll have. But the best thing about wholesale is that relationships trump deep pockets. It’s not wealth that determines success, it’s the time you spend building rap
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https://www.youtube.com/watch?v=HVyFsNIdM0M
Are you an entrepreneur through-and-through? A die-hard workaholic? A pick yourself up by the bootstraps type of go-getter? Then you're probably a "do everything" person. You take your own phone calls, build your own websites, do your own books, run your business day-in and day-out. While it's true that do-ers are the lifeblood of entrepreneurship, you'll never grow your business beyond a side hustle without outsourcing. Take it from Trent Dyrsmid, an e-commerce success story who went from zero to $100,000 in monthly sales with the help of standard operating procedures.
Show Notes & Transcript: https://www.entrepreneuradventure.com/13
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=qSSXqu9aC4c
Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7
New year, new rules. At least according to Amazon. A new fiscal year means companies are making changes to policies that affect their bottom line. Wondering how this year’s fee changes will affect your bottom line? In this episode of Entrepreneur Adventure, Todd breaks down exactly how these changes impact your business while recommending ways to protect your pockets nonetheless. Stick around for insight into the different types of sellers and how to negotiate like a pro.
Resources From This Episode
Show Notes & Transcript: https://www.entrepreneuradventure.com/ea5-amazon-fee-changes-types-of-wholesale-sellers-negotiating-with-distributors/
Amazon Wholesale Reverse Sourcing, How to Find Suppliers, Distributors, Manufacturers for FBA 2019: https://www.entrepreneuradventure.com/amazon-wholesale-reverse-sourcing-how-to-find-suppliers-distributors-manufacturers-for-fba/
Coaching Call: https://webinar.entrepreneuradventure.com/coaching-call
FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://entrepreneuradventure.com/38
Still Worth It
Beginning February 18th, Amazon is rolling out new fees. While many of these fee changes are fee increases, Amazon’s invested billions of dollars into improving their service for our mutual customers and despite these changes, Amazon remains a fantastic platform to grow your business with benefits like free one-day shipping.
Fee Changes Debunked
So what’s changed? Some fees have actually decreased! Let’s begin with referral fees, or the fees you pay for access to Amazon’s platform and customers. Referral fees are decreasing on shoes, handbags, and sunglasses, outdoor furniture, and personal care appliances.
Keep Your ROI at 30%
Fulfillment fees, or the fees you pay for Amazon handling your order fulfillment, are, for the most part, going up. On average, fulfillment fees are going up 25 cents per unit. If you’re following Todd’s recommendations, your margins shouldn’t be so thin that this increase affects you. As a reminder, we recommend selling products with a 30% ROI and a minimum $3 to $4 profit.
Storage Tetris
For every month your product sits in Amazon’s warehouse unsold, you pay a storage fee. These are going up significantly (69 cents per cubic foot to 75 cents per cubic foot) so keep your inventory supply tight (15-30 days). However, if you’ve got money to work with, you may benefit from a 60-day supply so as not to run out.
Don’t Dispose
Amazon is increasing disposal order fees, or fees incurred when Amazon disposes of your product, to match removal fees, or fees incurred when you remove a product. Because these prices are now equiva
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https://www.youtube.com/watch?v=Ts_DqsEZrpg
Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7
Quickly and easily get negative customer feedback removed from you Amazon Seller Central account. This is how I have managed to sell over $44/K per month and maintain a 99-100% positive feedback rating and how you can remove negative feedback on amazon as a seller as well.
FREE WEBINAR: How to Find Profitable Amazon Wholesale Suppliers: https://www.entrepreneuradventure.com/free-webinar-yt
1 ON 1 COACHING CALL: https://www.entrepreneuradventure.com/yt-consult/
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/
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=--WMN7ph_JQ
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.
Subscribe for more money making videos: https://www.youtube.com/channel/UCeNVgygMlCnOYRf_799fLqg
FREE WEBINAR: How to Find Profitable Amazon Wholesale Suppliers: https://www.entrepreneuradventure.com/free-webinar-yt
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
Attention Amazon sellers! Ever wondered what tools are crucial for thriving in the wholesale scene? In this video, I unveil the exact tools I use daily to streamline tasks, enhance listings, and nurture supplier relationships. Whether you're new to selling on Amazon or a seasoned pro aiming to enhance your toolkit, this video is packed with firsthand insights. Hit that play button and level up your Amazon selling strategies! ??? Don't forget to like, share, and subscribe for more insider tips!
Full List of Tools I Use: https://amazonseller.school/amazon-seller-resources/
**BCool**
- Amazon repricing software.
- Basic features from $25/month.
- Faster repricing with premium plans.
**Seller Snap**
- AI-driven Amazon repricer Todd switched to from BCool.
- Features instant repricing and data analysis filters.
- Starts at a hefty $250/month.
**Analyzer Tools**
- Analyzes product lists from brands/distributors for Amazon compatibility.
- Filters products via user criteria.
- $39/month for desktop, $59/month for Web Pro.
**Helium 10 & Jungle Scout**
- Estimation tools for Amazon product sales.
- Aids in keyword research and listing tweaks.
**Jungle Scout Sales Estimator**
- Free tool estimating sales via product rank.
**Keepa**
- Chrome extension showing product's sales history.
- Approximately $15-16/month.
**RevSeller**
- Shows product info like profit and sales rank on Amazon.
- Annual rate of around $100.
**DS Amazon Quick View Extended Plugin**
- User-friendly Amazon search result filtering.
**IP Alert**
- Warns of brands prone to filing IP complaints on Amazon.
**My Refund Guy**
- Retrieves owed money from Amazon.
- Earns a cut of the refunds.
- Claims thousands in monthly returns.
**ChatGPT**
- AI-driven content tool.
- Creates product details, supports design ideas, and email content tweaking.
**OnlineJobs.ph**
- Hiring platform for Filipino VAs.
- Quick resume access and attention tests.
**FreeUp (freeup.net)**
- Freelancer agency.
- Matches job posts with suitable candidates.
- Premium service charge.
**Fiverr**
- Platform for discrete jobs.
- Good for graphic tasks and project intros.
**Time Doctor**
- VA work time monitor.
- Features screenshots and video work evidence.
- Priced between $5.90-$8.40/user/month.
**TaxJar**
- Sales tax assistant.
- Streamlines tax filing.
- Around $20/month + $25/filing.
**Accounting We Will Go**
- Bookkeeping service.
- Price varies with business size.
- Delivers monthly financial updates.
**Local Accountant**
- Used by Todd for annual tax tasks.
**SiteGround**
- Website host and email service.
- Supports value-added business websites.
**Capital One Spark Business Card**
-2% Cash back on everything you buy
Full List of Tools I Use: https://amazonseller.school/amazon-seller-resources/
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https://www.youtube.com/watch?v=ENW5or8L3Nw