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.
You finally decided to start an eCommerce business. Now you are riddled with which eCommerce platform you should start with or what's best suited for you. We absolutely love Amazon as the first place to start with your eCommerce business. With Amazon you can quickly scale your business. Shopify is great but it takes a little bit more time. eBay is another platform but you won't be able to scale as much as Amazon. Let me break it down to you about each platform.
With Amazon as your go to eCommerce business, there's a monthly cost of $40 for a professional account. You can list as many items as you want with no listing fee. 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 quickly. The best part of piggybacking is you do not need to spend money on ads since it is already selling. This business model is very attractive and...
Many people are switching gears and getting into retail arbitrage and wholesale when selling on Amazon or Shopify. Before getting into either business models, you should get a better understanding of retail arbitrage vs. wholesale.
Before we begin, let's break down what retail arbitrage is. Essentially, you're going to stores normally liquidation stores or even retail stores and going to their clearance section to find items at a lower cost. You purchase those items and send them to Amazon FBA or even sell them from your own home if you have your own Shopify store.
Retail arbitrage is a great business model if you want to go through the route of Amazon FBA. This method works since not many customers have the access or ability to purchase items through liquidation stores. Which works out for the seller since you can mark up the product and make a good profit.
The downside of retail arbitrage is that you would have to continuously go out and shop...
All entrepreneurs need to start somewhere. It's never too late to start your journey as an entrepreneur. I started when I was 28 years old. Better late than never. Before all of this came to be, I worked a 9-5/shift work. I worked in the food, finance and retail industries. That's when it started dawning on me, that I was hindering myself from my full potential of what I could earn, and what I could do but I had no idea what to do. However, summer of 2019, I met Kevin and that was such an incredible pivotal point in my life. He presented me with all these amazing opportunities to help me get out of the rat race. That's when I decided to make a change and start a side hustle.
My knowledge when it came to eCommerce and investments was very little. I knew that there was different platforms to sell on. I knew Amazon allowed 3rd party sellers. I knew you can invest in stocks, the different risks, that the market changes. I knew that both...
Another week, another battle between Amazon vs. Shopify. Both are really great platforms to start your eCommerce business. But which platform is best to start with? Personally, we believe Amazon is the best platform to start with, especially when you're new to the eCommerce business world. Here's some great information on each platform, and towards the end you'll know exactly why we choose Amazon as your first stop.
Selling on Amazon is the best eCommerce platform to use hands down. Amazon has 100s of millions of customers. It’s the largest platform to date 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 limited thinking. You should sell in 1-2+ Major categories. You can sell thousands of products already ranked and selling on Amazon, which makes scaling your business much more simple. You can build a brand with Amazon and focus not only scaling the business quick, but scaling a long...
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...
We teach our students dropshipping whether it's with Amazon, Shopify or eBay. Everything is taught step by step. However, here are some great tips when it comes to dropshipping if you're new at it.
1. FIND THE RIGHT SUPPLIER FOR YOUR PRODUCTS.
Any products that you want to sell, make sure you're getting them from a reputable supplier. While you're looking for a good supplier that works for you, you can also look at the prices that have a lower cost. Lower cost on the item you want to sell equals higher profit margins for yourself.
2. AVOID UNDER-PRICING YOUR PRODUCTS.
When customers are shopping around, they want to purchase items that have a great perceived value. By pricing your items at a good value, you will attract customers to your business. If you have under-priced items, customers may think that item isn't of great value or "cheap".
3. CREATE AN AMAZING OFFER.
Customers love receiving some type of offer. When creating an offer, it doesn't...