Welcome to the SupremeCommerce Training blog! Where we discuss in depth about eCommerce, Amazon, dropshipping, digital marketing and investing, this blog is designed to keep you up to date with all things business and wealth.
Amazon is an awesome eCommerce platform to start a business whether you are a beginner or experienced. Best way to sell on Amazon is via dropshipping which is less capital intensive than FBA. Did you know that there are 2 ways to sell on Amazon? The 2 ways are listing branded products or unbranded products. Some have preferences on what they want to do or they do a mixture of both. Personally, we do both.
List and sell branded products that are already selling and ranked by Amazon. With the right suppliers, this is the simplest way to list as well as grow a substantial business. However, with the levels of competition, profit margins are usually a bit smaller but it is still the fastest way to scale an Amazon business and it is still very profitable. The great thing about selling branded products is that you do not need to run ads or PPC because it is an item that's been ranked and selling - it essentially cuts some of the work out for you.
Need some tips and tricks to increase sales on your Amazon store? Or maybe you need some advice before you start listing your items. Here are four Amazon selling tricks you can change or implement on your existing or future product listings.
1. OPTIMIZE PRODUCT DETAILS FOR SEARCH
Just having a generic and most basic details about the product you are selling is not enticing to potential customers. You cannot sell a customer your product with generic and basic details, especially when they cannot hold and feel the product. The customer can only view it online. This is why optimizing your product details is crucial. Having an in-depth product detail will not only help sell the product to the customer, but they will have a better understanding. It is almost equivalent to asking a sales rep at a store about the details of the product they want to purchase.
2. USING COMPETITIVE PRICING
A great pricing strategy that you should be implementing in your business(es). This...
In this video blog, Kevin goes over the fastest way to scale your Amazon business and which method that you should do to be able to grow a business fast with Amazon.
FBA and Private Label is the slowest way to grow your Amazon business AND it's highly capital intensive. It can also take 1-2 months for the products to arrive, to package, to label and to disperse to the proper warehouses. Essentially, you're putting all your eggs in 1 product basket. Although FBA is great, it has many pitfalls that FBM doesn’t.
The two methods that Kevin goes by is dropshipping and FBM. You can easily list 100s of products and start getting sales in the same time period as someone who lists one item for FBA.
FBA can still be great but should not be the first method to do. All of this and more is explained in the video with a lot of great information and it can help you make a better informed decision on which route to take in terms to grow a business fast...
There are a few basic but very important rules of thumb and things that a lot of entrepreneurs don't always think about. Not sure what I'm talking about? Or maybe you have an idea where this is going. These are a few ways to increase the value of your Shopify business.
Believe it or not, blogs do play a crucial role in your business. Blogs can attract new customers organically, and it could also be used for email sequence. However, it can't just be any type of blog. It needs to be relevant to you and your business. Blogs should be quality content. Blogs are an awesome tool that you can utilize to increase traffic. At least post a blog at least once a month minimum. Try to aim 500-1000+ words. Blogs can help build trust with potential customers. Don't be afraid to share your blogs on social media. This will help with SEO too. You can definitely outsource this part unless you enjoy the blogging yourself.
Another battle of the eCommerce platforms. This time we are diving in between Amazon vs. eBay vs. Shopify. All three platforms are great to start an eCommerce business. However, each have their pros and cons. We personally like Amazon the most, followed by Shopify, and eBay. Let's break it down between the three platforms.
Selling on Amazon, there's a monthly cost of $40 for a professional account. It's $0 to list items, so you can list as many as you want. There's a charge of 8-15% seller fees for most categories. You can already sell on pre-existing products (also known as piggybacking) and can scale your business FAST. But, you can also build a brand and have brand recognition. Building a brand becomes a long term sustainable business where you can scale your business HUGE in the long run. There's no need to spend money on ads when piggybacking since the items are already selling which makes it very attractive and lucrative for...
Many people have a lot of bad money habits. Sometimes people don't realize what they're doing is considered poor money choices. To get to a better place with your money, you need to be able to identify the bad money habits that you have. Here's a list of 9 bad money habits.
1. NOT TRACKING EXPENSES
Not tracking the expenses you're incurring on a weekly or monthly basis results to poor money management. This could potentially be one of the many causes as to why you have little to no funds in the bank. Solution: Look at your weekly and monthly expenses and look at what your income is. Cut out anything that isn't necessary and budget the rest until you start seeing decent amount of funds in your wallet.
2. NOT INVESTING
When you don't invest, you're leaving money on the table. Investments are great but they are long term gain. Solution: Start saving a bit of money, even if you have $100 it's still something that you can invest.
3. THROWING MONEY AT...
One of the simplest way to earn extra income is earning online. There are many opportunities to earn online so you can be in the comfort of your home, and build a better life. You can start an eCommerce business, do affiliate marketing, day trading, etc. Well, here's the 3 of the best ways to earning online.
First up we have Amazon. It's doesn't take much to get started, as long as you have the right resources and guidance. It's also something you can do before or after work, or even on weekends. Realistically, you just need to be able to dedicate one to two hours a day. If you can do more, then that's great. There's the ability to scale your business to 6-7 figures. Heck, the minute you're earning online more than your 9-5 pays you like, then you can quit!
Selling on Amazon is the best eCommerce platform to use hands down. It’s the largest and has a relatively small learning curve with how we teach it. You don't need a niche or focus only on 1 product - this is...
Having a single business can be high risk when it comes to building wealth. It's best to have multiple business or simply just having multiple sources of income. It's important to have a foundation for long term sustainability. You never know when one of those pillars could be knocked down.
Building wealth can come in many forms such as eCommerce, day trading, real estate, etc. Multiple sources of income and business will have more security than just one source of income. Especially when we don't know what could happen down the road. Different business models could become obsolete. This is why you should think long term and be prepared.
In this video, Kevin dives deeper into building wealth with dropshipping, Amazon, and Day Trading with a little sprinkle of mindset.
Check out more of Kevin's videos here:
SupremeCommerce Youtube Channel
The majority of sellers on Amazon that are creating listings from scratch, are use to having a budget for advertising or Amazon PPC. What I'm talking about in this video and in this weeks blog is when it comes to selling on Amazon you don't always need to spend money on advertising.
The best way to find Amazon keywords - Amazon. By using the predictive search bar and cross referencing your keywords on tools like MerchantWords, you can get your products to sell without spending on ads! The key here is to make sure you follow the process in this video.
BONUS: If you can't get your product to sell in 3-4 weeks without ads, you still don't want to resort what the 98% do - spend on ads. Instead, what you want to do is run a 50% off coupon launch on websites like VIPON, and mark your product up to 55-60% so when you sell it at 50% off on VIPON, etc you're in PROFIT during the promotional phase where 98% Amazon sellers go into the negative.
This gives you a...
Scaling with volume and building a loyal customer base is 100x more valuable, important and more PROFITABLE than the classic 1 product store. Staying focused on customer retention and acquisition instead of how to find a trending product, or mastering FB ads, and using free marketplaces and methods makes it 10x easier to scale and grow your business.
Selling on Shopify without Facebook ads, AliExpress or paid marketing is a method that we've been teaching all of our students. It's all about having a long term sustainable business and building a brand to have those customers coming back to you.
This video goes more into depth into selling on Shopify without Facebook ads, AliExpress or paid marketing and volume selling and brand building.
WRITTEN BY: Kevin Edgar