This episode reveals how one Amazon seller transformed a string of classic mistakes into a thriving business. It offers a candid look at common pitfalls like dropshipping, Alibaba sourcing, and ineffective "done for you" services, emphasizing what *not* to do. Crucially, it highlights actionable strategies that *do* work on Amazon, including the "sell above buy box" method, providing a roadmap for overcoming early failures and building a stable, profitable e-commerce operation, even while working full-time.
Key takeaways
Avoid common pitfalls like dropshipping, sourcing directly from Alibaba without proper vetting, and relying on 'done for you' services that don't deliver; these often lead to wasted time and money.
Implement the 'sell above buy box' strategy on Amazon to maintain profitability and control pricing, especially when competing with other sellers.
Utilize specialized tools like Inventory Lab for product research, inventory management, and expense tracking, and Replens Dashboard for accurate product movement analysis and buying decisions.
Focus on established business models like wholesale and private label on Amazon for more sustainable growth, learning from the guest's experience with less successful ventures like MLMs.
Leverage services like Humnbird for crucial back-end support, including taxes, intellectual property, and corporate setup, especially for international sellers aiming to establish a presence in the US market.
Today's guest is a ProvenAmazonCourse.com student and coaching client who has made just about every mistake you can make on his way to building a successful Amazon business! He's failed at drop shipping, sourcing from Alibaba, paying for "done for you", trying to do an MLM with Amazon etc. all while working a full time job. So many CLASSIC red flags... but now he's seeing stability and growth and he's loving the process! If you'd like to hear what NOT TO DO as well as WHAT WORKS on Amazon, this is a great episode for you! He's also using the "sell above buy box" Amazon strategy that has been coming up a LOT in our community lately! Show note LINKS: https://humnbird.com - They help sellers get established on Amazon.com (sell in the US from anywhere in the world) They specialize in everything from Taxes and Bookkeeping, Intellectual Property, Trademarks, Patents, Corporation Setup to Branding, Design and Marketing. We recommend their affordable systems and solutions giving you everything you need for your wholesale and private label business even overseas! Inventory Lab - this service researches products, lists and manages your inventory, tracks your expenses, analyzes your profitability https://jimc.biz/2JY4w3a The Replens Dashboard - Replen Dashboard accurately tracks product movement and trends to help you with buying decisions and inventory projections. An awesome piece of software to keep all of your records straight! <a class="ProsemirrorEditor-link" href= "https://replendashboard.c
Frequently asked about this episode
What does this episode say about amazon & marketplaces?
Avoid common pitfalls like dropshipping, sourcing directly from Alibaba without proper vetting, and relying on 'done for you' services that don't deliver; these often lead to wasted time and money.
What does this episode say about founder & leadership?
Implement the 'sell above buy box' strategy on Amazon to maintain profitability and control pricing, especially when competing with other sellers.
What does this episode say about supply chain & operations?
Utilize specialized tools like Inventory Lab for product research, inventory management, and expense tracking, and Replens Dashboard for accurate product movement analysis and buying decisions.
What does this episode say about amazon & marketplaces?
Focus on established business models like wholesale and private label on Amazon for more sustainable growth, learning from the guest's experience with less successful ventures like MLMs.
What does this episode say about amazon & marketplaces?
Leverage services like Humnbird for crucial back-end support, including taxes, intellectual property, and corporate setup, especially for international sellers aiming to establish a presence in the US market.
