(I know it won't be as shocking as the screenshot of those "gurus," but that's my real result, not something copied from the net or Photoshopped)
Here is a disclaimer:
This is not a typical result. Most people won't achieve this level of sales because they give up early, and I worked hard to get this level. But I will share my proven formula, which helped me get this level of sales, at the end of this article!
You will also learn the most critical mistake you can make. It’s a mistake that can even eliminate your Amazon business, so listen up!
Ready ? Nice ! Let's Get Started!
3 Critical Mistakes That Can Kill Your Amazon Business Almost Overnight
1.Choosing the Wrong Product
Competing With Big Brands
Don't try to compete with brands like Apple or Pampers. They have spent millions of dollars to connect certain "keywords" with their brands.
Rule of thumb: if you search a keyword and find there are more than 5 products ranked on page 1 by a certain brand, it's mostly dominated by those brands.
Sourcing Another Me-Too Product
Don't sell things that everyone is selling; it simply won't work. Instead, you can identify a hot selling product, and create a variation of it. Here are some tips:
1. bundle it - sell as a set of 2, 4, or different color
2. upgrade it - make an upgraded version of it
3. differentiate it - get a different color or a different size which is in high demand but is not available in the marketplace
Selling Patented Items
Some unethical suppliers may give you product ideas that are patented in your target marketplace. Be sure to check the item before souring it or you might be in big trouble.
2.Choosing The Wrong Supplier
If you are sourcing from China, you have to be careful.
Many unethical suppliers will give you their best quality item the first time. After you sell out of that inventory and decide to go big, that's when the nightmare begins. Some unethical sellers will start to cut corners on the quality of the product. This can lead to poor reviews, or even get your account suspended.
Here is another common problem: Suppliers in China sometimes will recommend copyrighted products to you. If you sourced that product, your listing would have a good chance of being removed.
If you decide to do drop shipping, you have to make sure your supplier will ship out on time, and that their packaging will feature your brand or company name. Drop shipping is a legit business model for Amazon, but your shipping time can't be too long.
Some people will source a product because "it looks good," but that may not be the best choice to sell on Amazon.
Amazon is a searching-based market, so before sourcing any product, be sure to do some keyword research. There are many tools, such as Google Keyword Planner and Merchantword,
that can help you dive in and see how much search volume each product will get.
3 Thing Your Must To Successed With Your Amazon Business
First, Setting Goals
Have a dream ,Set a goal ...
That's what I call your "Big Why," your life mission.
From years of coaching experience, I found that students without a "Big Why" quit easily
and hardly achieve any success.
They jump from opportunity to opportunity, but never commit to anything.
Here are some questions you can ask yourself to find your Big Why:
What do you want to achieve in your life?
What's the lifestyle you want to bring to your family?
What level of freedom and security do you want in your life?
What, to you, is the most valuable thing?
Second, Focus and persistent. Selling on Amazon could be a profitable and life-changing business, but no business can be built overnight. It took me a year to reach my goal, but it's totally worth it.
But don't worry, selling online isn't rocket science. You will get my blueprint soon.
Third invest in learning !
Guesswork is expensive.
You can buy books, attend courses, or join a group.
Don't fight alone!
Every time I tried to save some "money," I ended up spending more time and money due to some stupid mistake which could be easily avoided by a course costing a few hundred dollars.
Guesswork is expensive.
Get My Amazon Jumpstart Training For Free
As I said, guesswork will cost you a lot of money. That's why I created a mini course called
"Amazon Jumpstart Workshop."
This course contains 3 videos, 4 resource links, and 2 short reports which can help you get the basic knowledge to kickstart your Amazon business.
Here is what you can learn from this workshop: