This episode debunks the myth that new Amazon sellers should jump straight into private label. It highlights a methodical, lower-risk approach to building a profitable Amazon business first, demonstrated by guest Cabel McElderry, who scaled from basic Amazon selling to a $40-50K/month private label brand with 20% margins by prioritizing foundational success before high-risk ventures. This is a must-listen for Amazon sellers looking for a sustainable growth strategy.
Key takeaways
Don't jump straight into private label on Amazon; instead, build a profitable foundation through lower-risk models first, as 90%+ of 'PL goldrush seekers' fail.
Implement a methodical approach to Amazon selling by securing consistent income with fast-reward models before venturing into private label to mitigate significant financial loss.
Aim for profit margins around 20% in private label, as demonstrated by Cabel McElderry's $40-50K/month business.
Transitioning to private label successfully requires prior experience and established profitability on Amazon, much like Cabel McElderry's journey.
Explore expanding sales beyond Amazon to diversify revenue streams and enhance business stability, as Cabel McElderry plans to do.
Today's episode is the story of a journey from "Amazon basic selling" into "Private Label". If you didn't realize it, 95% of the YouTube "gurus" talking about Amazon selling are convincing new sellers to jump straight into building their own private label brand. This is taught by most experts as, "the ONLY way to go". The truth they don't tell you though is that an estimated 90% or more of those "PL goldrush seekers" never make a dime - they only lose big. To help avoid the heartbreak and loss, we go against the grain and teach a methodical approach to Amazon selling success. Our approach involves putting money in the bank with lower risk, fast reward models that build a profitable foundation for you BEFORE you venture into the PL arena. Today's guest is a JimCockrumCoaching.com student who talks about his gradual journey into PL after making money while learning the basics first from out team. He's built a $40-50K per month PL income stream (20% margins) and he's looking to expand off of Amazon as well. We talk about all this and more on today's episode with Cabel McElderry from Alberta Canada Watch this episode on our YouTube channel: https://youtu.be/JwEt8MXaImU Check out this episode sponsor - Payoneer.com. Skip the credit checks and learn more about bringing your eCommerce vision to life by visiting https://Payoneer.com/funding. Our podcast listeners get a special 10% fee rebate on their first offer! ProvenAmazonCourse.com - The "Proven Product Partner
What does this episode say about amazon & marketplaces?
Don't jump straight into private label on Amazon; instead, build a profitable foundation through lower-risk models first, as 90%+ of 'PL goldrush seekers' fail.
What does this episode say about founder & leadership?
Implement a methodical approach to Amazon selling by securing consistent income with fast-reward models before venturing into private label to mitigate significant financial loss.
What does this episode say about finance & fundraising?
Aim for profit margins around 20% in private label, as demonstrated by Cabel McElderry's $40-50K/month business.
What does this episode say about supply chain & operations?
Transitioning to private label successfully requires prior experience and established profitability on Amazon, much like Cabel McElderry's journey.
What does this episode say about amazon & marketplaces?
Explore expanding sales beyond Amazon to diversify revenue streams and enhance business stability, as Cabel McElderry plans to do.
