FREE Amazon FBA Course For Beginners - 2023 Private Label

Key Takeaways:  

• This section is dedicated to helping you learn how you can figure out ‘what is a good product opportunity’?

• Product research is the MOST important determinant of success or failure when selling on Amazon. How you do product research will make or break any business selling on Amazon.

• There are ways to determine if a product is a ‘good product opportunity’ on Amazon.

• Understand and use the model outlined in this section to find your own profitable products.

Action Steps:

1. Understand the product research model.

2. Use it to find successful opportunities.

Key Takeaways:  

• Learning what to look for when trying to find product opportunities is important.

• You need to look for markets where there is volume. Look at the sales level. How much are they doing per month?

• You can’t go to Amazon and Invent products, you have to find what people are already searching for.

• Remember Amazon is a search engine for products. Identify the words consumers are using to look for products.

• Analysis framework: Utility or Self Expression. The different factors in the analysis framework will determine if products fail or succeed.

• For beginners, self-expression will be an easier route to success relative to the utility route.

Action Steps

1. Understand the analysis framework.

2. Make your decisions with those factors in mind.

3. Differentiate from your competition.

Key Takeaways:  

• This section is focused on showing you how to find and navigate the idea generation process on Amazon

• When generating ideas, you can think up ideas from the top of your head or use tools like Vira Launch to help you come up with product ideas.

• Product research tools like Viral Launch, are 1 of the top 3 requirements for a successful Amazon business; A good product, differentiation/value-added, correct DATA.

• For beginners, focus on the main factors and columns highlighted in the video when doing your research.

• Instead of coming up with ideas and hoping it meets the critter for success, by using Viral Launch, you can input your own criteria and get a list of products that meet the standard directly from Amazon.

• While in the idea generating stage, expand your mind, creativity, and be open-minded.

• This course is $1 because I rather YOU have money to invest in tools and your business so you can be successful.

Action Steps:

1. Think of ideas.

2. Get Viral Launch and download the chrome extension.

3. Use Product Discovery and set your criterias

4. Use keyword research to find markets

5. Take ACTION & find 5 ideas before you watch the next video.

Key Takeaways:  

• In this section, we take your 5 product ideas and go through how to validate your ideas using a framework.

• When validating ideas, use the scientific method. Gather as many ideas as possible, aim to destroy it through analysis, do it again. If it withstands the process it's potentially a good opportunity.

• A framework for evaluting ideas: Gather ideas → do you have the resources? → How can you differentiate & add value? → Ability to source the product.

• Profitability is the most important bottom line criteria. Can you make money selling this product?

• For beginners, all product ideas should be put through this framwork in order to maximize your success. Not all ideas will be good but it only takes one idea to succeed.

• Post below and tell us why your idea worked or why it did not work with specific details. Let's build a collaborative community, where we can help each other shorten the learning curve on this journey to success.  

Action Steps:

1. Run your idea through the framework

2. Take into account the other factors mentioned

3. Repeat until you discover a good opportunity.

4. Comment below why your idea did or did not work.

Key Takeaways:  

• This section covers the entire process of sourcing your products from Alibaba - ‘the search engine for suppliers”

• Evaluate all the factors mentioned in the video carefully so you can source the best products.

• Research and determine if your supplier is a factory or a trading company.

• When sourcing your product, keep in mind it is not all about the lowest price, you should aim to produce the highest quality product possible.

• Make sure you follow the strategy outlined in this section to find the most qualified suppliers.

Action Steps:

1. Go to Alibaba

2. Search your product (more broadly than specific)

3. Evaluate products

4. Evaluate suppliers

5. Order samples

6. Choose supplier

7. Pay supplier

8. Get your products to Amazon.

Key Takeaways:  

• Having a good-optimized listing and a good quality product are the two main requirements for success on Amazon.

• There are two steps to building a successful Amazon listing: making the machine (algorithm) & people (customers) happy.

• You can make the algorithm happy by using the highest volume keywords and converting for sale. The more sales you make the higher you will be ranked.

• You make people happy by providing them value through a quality product and quality images. Amazon is a visual shopping experience and professional images are a necessity.

• Take note of the role the title, bullet points, descriptions, and images play in creating a great product listing.

• You must be able to write for both the machine and the customers where appropriate.

• Be cognizant of the buying process on Amazon so you can better serve your customers.

Action Steps:

1. Understand the different components of a listing

2. Research the highest volume keywords

3. Get quality images

4. Write a great copy

Key Takeaways:  

• Launching your product is the most exciting part of the process, where you get to watch all your hard work come together and pay off.

• Your main goal when launching a product is to get ranking for your keywords. Amazon gives you a favorable 14-30 days as a grace period.

• When setting your price, set the highest price because by differentiating and having a quality product you get to charge a premium price.

• Learn how Amazon ads work and the different options for PPC (Pay Per Click) strategies.

• Keep in mind, it is okay to not make money or lose a little upfront, once you rank, Amazon will provide you traffic - sales and profits.

• Use the data from ads to key in on the most relevant and converting keywords.

Action Steps:

1. Optimize your listing

2. Set your price

3. Launch your product

4. Run ads and get data

5. Optimize and repeat

Key Takeaways:

• This is the entire story: from $100 to millions

• My first "ah-ha" moment in entrepreneurship was when I discovered that a copper penny is worth more than a penny. So I started sorting them and selling them.
  

  • I realized that regardless of the number of pennies I bought, I would never lose money. I learned that you must always minimize risk and loss as much as you can.

• My 2nd and 3rd businesses failed because I infringed on trademark and copyright. I learned quickly at a young age that you cannot steal from others. Real money can only be made the hard way.

• My 3rd business was buying and reselling computer screens and video games

  • Just by having better images and product presentation, I was able to sell my products for more.

• When I was about to graduate, my wife and I decided that we should take a vacation to South America, something interesting happened.
  

  • I shipped out a clock to Amazon and I made my first sale.

  • I realized that I could be anywhere in the world and make money while traveling.

• As I was back on my hunt for surplus stores, I saw that RadioShack was going out of business and selling everything at 90% off.
  

  • So for the next 2 years, I traveled all around the country and bought out all the RadioShacks and flipped them on Amazon.

• Later on, I realized that I wanted to grow as a business person. So I became a wholesaler and did a ton of online arbitrage for Black Friday.

  • From Black Friday and Christmas, I was able to make over $30,000 just flipping stuff.

• When I finally accumulated enough capital, I began my Amazon FBA private label journey.

  • I failed my first 7 products then came across the solar eclipse.

• For the solar eclipse, I went through 50+ suppliers before I found one that sold real and safe glasses with the proper certifications.

• I created an entire brand of solar eclipse glasses and launched over 100+ products.

  • We made paper glasses, telescope filters, goggles, maps, and much more!

  • We did 6 million dollars in 6 months.

Action Steps:

1. Realize that your success isn't linear. If you continue to take action and learn from your failures, you will grow exponentially.

2. Watch the whole eclipse story here

3. Get the complete Last Amazon Course.

Key Takeaways:

• I share my experiences on how I learned about other ways of making money before starting my private label.

• The general, long term idea is to keep learning the skill of making money, and keep finding other opportunities. These are skills that you will have for the rest of your life.

• A lot of people think that having a job is the only way to make money. That's not entirely true. But even if you do have a job, there are other ways to make extra money too.

• Gig economies (like Uber or Instacart) and offering services (on Craigslist or Fiverr) are great and easy ways to earn money.

• The service you provide doesn't have to be hard, you can be creative and strategic with your methods. Analyze supply and demand.

• Using this strategy enables you to have multiple streams of income. One of these streams could take off and provide you with a full time income, or it could be the best way to earn money on the side to invest in your business.

• Even if you don't have a starting capital, you can take what you learned from this course and get paid by providing services that can help other people optimize their Amazon business.

• You are not limited by your resources, you are only limited by your resourcefulness.

Action Steps:

1. Take a leap of faith!

2. Keep learning new skills.

3. Find new opportunities for those skills.

4. You can offer services as a way to earn more money. Be creative and strategic.

5. If you don't have the money to invest in your business yet, consider this strategy to help you get started.

6. Take action and keep testing. Opportunities are out there.

7. Don't give up!