Lish Aquino is a successful Amazon seller and shares that she works 4 hours per day at the comfort of her own home and earning 6 digit income monthly. Before that, she got threatened with job security with a baby coming. So she decided to find a way to start another stream of income and she discovered work at home. She found job as a freelancer before getting into Amazon. She had a client who was into e commerce and asked her to study about Amazon FBA, a course which cost a shocking $5,000!
- do not get seasonal products at first
- do not compete with big brand at the beginning
- she didn't give until she found a winning product
- e commerce is 80% battle of the brain, 20% technical
- success in e-commerce requires sacrifice of about 4-6 hours a day
- sacrifice of salary for about 2 years to improve on the business
- Amazon FBA is a passive business
- Flow is
- product sourcing
- by sea, arrives to warehouse in 40 days and cheaper
- by air, arrives to warehouse in 7-10 days and more pricey
- product manufacturing takes about 30- days (you add the shipping time); that's how long before the products become available (approx 3 months)
- product listing
- upload product
- needs UPC--barcodes talk
- shipping label
- promotion
- Amazon has own ads
- No email list needed
- after sales
- Amazon takes care of after sales and customer service
- inventory management
- makes order good for 3 months
- on number of items = monthly sales x 3
- the GOOD with Amazon FBA
- own product, your own label
- for long term
- you can do it on your own
- Follow One Course Until Successful (FOCUS)
- There categories in Amazon which are restricted
- beauty products
- nutritionals
- for a certain product, get 3 suppliers to send your supplies. Costs between $30-$50 per sample
- on product mark-up, there is a calculator
- use Payoneer to pay suppliers with Payoneer
- Product sourcing criteria
- $15-40 price to have adequate markup (Amazon fee is $5 per item)
- it should be lightweight, 1 lbs and below to save on shipping and storage
- best seller rank; 5000 and below
- look for categories, those not gated (Google search: gated Amazon categories)
- Patent search to avoid selling patented item
- Tips on PPC
- highest volume
- double bid or increase bu 50%
- keyword tool/ Helium tracker
- Requires time, patience, higher capital
Important information regarding Amazon FBA
- You will need a Professional Seller account. It is $40.00 bucks a month regardless of items sold
- Custom fees and charges come when shipping products that have a combined value of $2500.
- You will begin with 5000 unit limit
- Have your supplier limit any additional instructions or papers on outside of the boxes your product is shipped in
- have my first package from a new supplier shipped to my house first to see if they followed my instructions
- picture quality correlates with sales
Richie Salvador shares
- got own fulfillment service in the US; fulfillment by merchant
- if products does not sell, you have to pay storage fee and removal fee
- if you go out of stock, your Amazon listing rank goes down
- he started on dropshipping then progressed to Amazon FBA when he got a winning product for private labe
- he advocates local e commerce; international hit products can still make it big locally
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