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 a great platform to start an eCommerce business. There are a few different business models when it comes to selling on Amazon. We're going to dive into dropshipping and what the pros and cons are.
Dropshipping is a business model where you don't have to keep any products you sell on hand. Instead, when a customer purchases a product from you, you purchase the item from your supplier, and the supplier will ship directly to your customer.
Now that we've discussed the business model, lets talk about some of the benefits of dropshipping such as low overhead costs, no warehousing, no buying bulk, etc. However, there are also downsides to this model such as high shipping cost, difficulty of returning items, etc.
- Low start up costs: you can do the business model yourself. You don't need to invest thousands up front, especially if you're just starting out.
- No warehousing: your supplier will be housing all the products for...
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...
It's definitely possible to reach your goals 10x faster. It comes down to your level of dedication to the reaching your goals and how consistent you are to achieve them. However, it's not only dedication and consistency that's needed. It's also having the right tools and resources.
Kevin also talks about why you need a mentor. Having a mentor really changes the game. Especially when mentors have been through the process and know exactly what needs to be done to reach your goals 10x faster. And How Amazon is a 1/1000 Business Model, because of the ability to scale so quickly with no prior experience and the right training.
YouTube gurus all talk about Amazon FBA which is HIGHLY capital intensive. With a large portion of them also that only have been selling on Amazon since 2017/2018 meanwhile Kevin has been on Amazon since 2014 and has done nearly 7M in sales without FBA. And he started with a $500 card and no money.
The best of...
Amazon private label dropshipping is 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, which is something you can do AFTER proving the products validity.
Doing your OWN listings - original content from you as a seller is the best and easiest way to AVOID any IP or inauthentic claims selling on Amazon. We have been doing this for several years now. MARGINS are bigger, the process is more FUN and it keeps you safe!
It does take longer to build a store this way, but the end result and long-term results are SO WORTH the efforts it's insane. Imagine having PROFITS 2x - 3x that of your typical dropship competitor - all fighting for the buy box with each other like a hawk looking for a mouse in a field. Avoid all that BS and get straight to FAT profits, without having to do FBA.
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.