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.
Thinking about starting an eCommerce business with Amazon? Amazon is a great platform to sell on. However, there are many misconceptions when it comes to selling on Amazon, and for that many entrepreneurs quit their business. We're going over expectations versus reality when it comes to having a business on Amazon.
Expectation 1: Signing up is easy peasy!
Reality 1: It may be simple to sign up, but there's a lot of necessary steps and documentation needed. What most people don't realize is that all your documents need to match when you are signing up. You'll also need to get verified by an Amazon rep.
Expectation 2: You need thousands of running capital.
Reality 2: When it comes to FBA (Fulfilment By Amazon) you will need approximately $5,000 or more. When it comes to dropshipping, you can start with $500+. The more the better as these are minimums!
Expectation 3: You can start making money ASAP!
Reality 3: It really comes down to your...
There are many ways of selling products on Amazon's platform using the dropshipping methodology or FBA. As a seller you can piggyback, create original listings or private label. What is private label you might ask? Amazon private label is using a manufacturer's generic products but remarketing under your business/retail name with your packaging and logo. It's a super profitable business model when done properly, the unfortunate reality is that for most people, it's costly. Most private label sellers use amazon FBA and buy upfront - and follow YouTube videos where you’re told to spend money on ads for every single product. When done properly, you can do it without spending much on ads, but not many people teach this - we do!
Now, before you start with private label, there are a few things to consider. You decided to take the Amazon private label route, now what should you do? First you need to do your research on the product that you would...
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.
In this short video, I talk about scaling your Amazon business without having to spend money upfront on products, Ads, or using FBA.
Dropshipping is less capital intensive- you only spend once you make a sale. You can prove validity and get a product to sell.
Dropshipping is a much better method than spending upfront by purchasing 500-1000 units on a product to do FBA not knowing if it'll be a hit or miss.
Using our methodology, you won't have to invest in Ads to get your products selling.
I touch on the best ways to dropship and how to do it well without using retailers.
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WRITTEN BY: Kevin Edgar