While coronavirus wrecks havoc, the world still turns. On this episode of Entrepreneur Adventure, we're breaking down what 2020 means for new Amazon sellers. Can you still go private label? Are Chinese sellers disrupting the marketplace? We're answering all of these questions and more. Show Notes & Transcript: https://entrepreneuradventure.com/23 Facebook Page: https://entrepreneuradventure.com/facebook All My Seller Resources: https://www.entrepreneuradventure.com/amazon-seller-resources/ Ask questions for future podcasts: https://www.entrepreneuradventure.com/ask-todd/ Get on the waitlist for small group coaching class: https://www.entrepreneuradventure.com/small-group-coaching-waitlist/ Download My Amazon Wholesale Email Templates: https://webinar.entrepreneuradventure.com/wholesale-email-templates Book 1-on-1 Coaching: https://www.entrepreneuradventure.com/consult/ FREE Amazon Wholesale Webinar: http://webinar.entrepreneuradventure.com/webinar-registration-page Private Label Although many swear by it, private label is a tough gig – and even more so now. What is private label? Simply put, it's the process of choosing a category (i.e. dog products) and creating products within that category to sell on Amazon. Essentially, you must create your own brand from the ground up, a venture many are unprepared to tackle. Especially given the flux of Chinese sellers entering the marketplace with unbeatable prices and knockoff products popping up left and right. Nevertheless, if you're sold on private label, check out Scott Voelker for some top-notch advice. Bottom Line? Despite the success stories, private label remains the toughest avenue on Amazon to pursue. Retail Arbitrage Arbitrage is a great place to learn the ropes. What is arbitrage? Retail or online arbitrage involves buying products from local stores like Goodwill and Walmart (or online) and reselling them on Amazon. While it's a simple process, if you're caught in a liability rut, Amazon won't accept a receipt from Target as bail. While a great place to learn, Arbitrage is hard to scale and therefore tough to sustain. Bottom Line? Arbitrage is a great place to start out, but don't stay for too long. Wholesale Out of the three entrances to Amazon, wholesale has the most opportunity. As private label and retail arbitrage get harder, wholesale stands above the rest. What is wholesale? In short, wholesale means buying established products from suppliers to resell on Amazon. Luckily you can find ways to predict a product's profitability. Not to mention, Amazon will always take receipts from brands and distributors if your account is ever flagged. Selling wholesale requires a smaller investment and because you're typically buying products from your own country or the country you're ... https://www.youtube.com/watch?v=yAyAGwv-iSY

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 ... https://www.youtube.com/watch?v=Ts_DqsEZrpg

Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7 Using AMZ Analyzer you can quickly sort through hundreds or thousands of products and find only the profitable wholesale products that you can sell on Amazon. AMZ Analyzer allows you to input a list of products that a wholesale supplier sells, matches those products on Amazon, calculates all the fees and find profitable products for you to sell. 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/ GET AMZ Analyzer: https://www.entrepreneuradventure.com/amzanalyzer How to get Amazon credentials: https://www.entrepreneuradventure.com/amzanalyzer-credentials/ 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/ REGISTER TO WIN Worldwide Brands Giveaway $299 VALUE: https://giveaway.entrepreneuradventure.com/worldwidebrands/ How To Use Keepa & CamelCamelCamel: https://www.entrepreneuradventure.com/keepacamel/ LibreOffice: https://www.libreoffice.org/ Jungle Scout: https://www.entrepreneuradventure.com/junglescout Keepa: https://keepa.com/ CamelCamelCamel: https://camelcamelcamel.com/ FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://entrepreneuradventure.com/38 ... https://www.youtube.com/watch?v=oAZlbbQUo1Y

Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7 Dreaming about doubling your income but daunted by the idea of building a business from the ground up? Understandable. Everyone who’s paved their way before you has experienced moments of fear and self-doubt, or at the very least, unease at the prospect of a business risk. However, it’s these moments of unease and leaps of faith that ultimately help manifest your personal and financial success. Take it from Todd Welch, a former system administrator who left a six-figure salary to build his business on Amazon. Todd went from feeling restless at a 9-5 to generating close to $800,000 in annual sales working remotely. In the first episode of Entrepreneur Adventure, you’ll hear from Todd as he walks you through the benefits of Amazon Wholesale, tips for the aspiring e-commerce entrepreneur, and the story behind his success. Resources From This Episode -Get Your Questions Answered on the Show: https://www.entrepreneuradventure.com/ask-todd/ -Show Notes & Transcript: https://www.entrepreneuradventure.com/ea2-qa-getting-the-buy-box-opening-accounts-wholesale-websites/ -The Amazing Seller Podcast by Scott Voelker: https://theamazingseller.com/ -Smart Passive Income Podcast by Pat Flynn https://www.smartpassiveincome.com/ -HOW HIGH WILL E-COMMERCE SALES GO? http://www.cbre.us/real-estate-services/real-estate-industries/omnichannel/the-definitive-guide-to-omnichannel-real-estate/by-the-numbers/how-high-will-e-commerce-sales-go What To Expect... Everything you need to know about building a successful business on Amazon, including leading a lifestyle that supports your venture and learning to adapt your model to other platforms. None of us know how long the Amazon wave will last and it’s important to build a model that ensures your success isn’t dependent on theirs. And who inspired Todd? Entrepreneurs like Scott Voelker and Pat Flynn. Don’t Jump The Gun When do you stay the course and when do you plunge head-first into a new venture? Todd took a full-time position in order to reinvest the profits from Amazon back into his business and still pay day-to-day expenses. When it comes to selling on Amazon, wait until your sales reach double your day job’s salary before quitting the 9-5 and making Amazon your full-time gig. Remain Goal-Oriented Todd breaks down several of his financial goals – reaching $100,000 in monthly sales and investing business profits into rental real estate. As you start a business venture and that venture begins to grow, it’s important to develop definitive goals. Making dough is great, but setting specific financial goals and long-term milestones will keep you on track and remind you of your f ... https://www.youtube.com/watch?v=uwc_mLppdqA