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It's the go to of the (small-business) entrepreneurs all over the web (TheFastlane, /r/entrepreneur, etc.). I'm fairly certain it started around 4 years ago wi

It's the go to of the (small-business) entrepreneurs all over the web (TheFastlane, /r/entrepreneur, etc.). I'm fairly certain it started around 4 years ago with Matt Clark's "Amazon Selling Machine." A friend who paid the $1000 let me watch the course and it was a pretty simple (and old) tactic. Buy wholesale and sell at markup. Except this time you would have it under your own "private label" (i.e a Chinese factory would slap your logo on a generic and sell it to you). Apparently he made a killing doing the same thing with silicone spatulas.

OJFord 10y ago
> $1000 ... course Wow. Surely the best advice such a course could possibly give would be 'convince people you can teach them to make money, and charge a lot for it'.
- thejosh 10y ago
  Yeah a few years ago it was SEO courses , now Amazon selling courses which are way overpriced, next ... ? Who gets rich in a goldfish, the miners or the person selling the tools?
  - foota 10y ago
    If you're in a goldfish I think you're already out of luck
    - s917 10y ago
      I think he's trying to say "you can't teach a goldmine to ride a bicycle". Edit: Humorless. Sad.
      - foota 10y ago
        I didn't downvote, but I just don't think people understood the joke (I for one didn't)
      - eric_h 10y ago
        Pure goldfish, thanks for that.
      - thejosh 10y ago
        No, meant goldrush, not sure why I typed goldfish..
  - clouddrover 10y ago
    > Who gets rich in a goldfish I think it must be the diver because he found the treasure chest, assuming that it isn't counterfeit: https://www.amazon.com/Bestgoo-Aquarium-Ornament-Live-Action-Decorations/dp/B01L73Z09E/ https://www.amazon.com/Bestgoo-Aquarium-Ornament-Live-Action...
  - antisthenes 10y ago
    Historically, the people who got rich during the gold rush were the ones offering services and selling goods to the miners. So the answer to your question is the latter.
sytelus 10y ago
http://www.audible.com/pd/Business/Amazon-FBA-Blueprint-Audiobook/B01I21KMUQ/ref=a_search_c4_1_1_srTtl?qid=1490162598&sr=1-1 http://www.audible.com/pd/Business/Amazon-FBA-Blueprint-Audi...
oostevo 10y ago
The private labeling strategy is also getting to be a thing in the travel hacking crowd too. See, for example, http://www.frugalhack.me/2017/02/23/private-labeling-101-intro-case-study/ http://www.frugalhack.me/2017/02/23/private-labeling-101-int...

OJFord 10y ago

> $1000 ... course Wow. Surely the best advice such a course could possibly give would be 'convince people you can teach them to make money, and charge a lot for it'.

thejosh 10y ago
Yeah a few years ago it was SEO courses , now Amazon selling courses which are way overpriced, next ... ? Who gets rich in a goldfish, the miners or the person selling the tools?
- foota 10y ago
  If you're in a goldfish I think you're already out of luck
  - s917 10y ago
    I think he's trying to say "you can't teach a goldmine to ride a bicycle". Edit: Humorless. Sad.
    - foota 10y ago
      I didn't downvote, but I just don't think people understood the joke (I for one didn't)
    - eric_h 10y ago
      Pure goldfish, thanks for that.
    - thejosh 10y ago
      No, meant goldrush, not sure why I typed goldfish..
- clouddrover 10y ago
  > Who gets rich in a goldfish I think it must be the diver because he found the treasure chest, assuming that it isn't counterfeit: https://www.amazon.com/Bestgoo-Aquarium-Ornament-Live-Action-Decorations/dp/B01L73Z09E/ https://www.amazon.com/Bestgoo-Aquarium-Ornament-Live-Action...
- antisthenes 10y ago
  Historically, the people who got rich during the gold rush were the ones offering services and selling goods to the miners. So the answer to your question is the latter.

sytelus 10y ago

http://www.audible.com/pd/Business/Amazon-FBA-Blueprint-Audiobook/B01I21KMUQ/ref=a_search_c4_1_1_srTtl?qid=1490162598&sr=1-1 http://www.audible.com/pd/Business/Amazon-FBA-Blueprint-Audi...

oostevo 10y ago

The private labeling strategy is also getting to be a thing in the travel hacking crowd too. See, for example, http://www.frugalhack.me/2017/02/23/private-labeling-101-intro-case-study/ http://www.frugalhack.me/2017/02/23/private-labeling-101-int...