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I just found out today that I helped my client potentially double or triple their sales on Amazon. They went from $5k daily sales to $10k. I'm still trying to
by Regardsyjc 8y ago
I just found out today that I helped my client potentially double or triple their sales on Amazon. They went from $5k daily sales to $10k. I'm still trying to process that that could be $1-2m in revenue. They're basically for the time being now one of the top 3 products on Amazon for their category, beating other established brands.
My colleagues and I are building new brands on Amazon every day. There are other ecommerce entrepreneurs building brands on Facebook ads and social media. It is now easier than before to find customers, build that list, and retain customers. There's been a shift and I see new brands challenging dominant sleeping brands every day. The craziest thing is that all these new challengers have very very small teams. I'm working on launching a product to challenge P&G, but I already know one startup, 3 founders, backed with VC money, that are already doing $50k+/mo on Amazon on that product.
- minhazm423 8y agohow can i get started on this path? any guides or helpful links? are u open to pms and more questions? thanks!
- Regardsyjc 8y agoCheck out the Seller Tradecraft Facebook group as well as the Amazon FBA High Rollers Facebook group. What helped me get started was going to Amazon conferences and meeting a bunch of other Amazon sellers. My first Amazon-ish conference was the free IMA (Internet Merchants Association) sessions at the ASD trade show. They do it twice a year. I am now a board member of the IMA somehow. Some other Amazon conferences include Boost with FBA (by Amazon), Rocky Mountain Reseller Conference, Prosper Show, Retail Global, etc. Some thought leaders in the Amazon space include: Casey Gauss (CEO of Viral Launch, software for Amazon sellers), Manny Coats (CEO of Helium10, Amazon software), plus a number of 7-8+ figure sellers. I'm happy to answer any emails or pms. I share some of my thoughts on Amazon as well as conference notes on my blog here: http://younjung.com/category/amazon/ http://younjung.com/category/amazon/
- fernandocruz 8y agoThanks for mentioning Seller Tradecraft! I'm one of the partners, if you're interested, feel free to email me if you have questions fernando@sellertradecraft.com. Amazon is an awesome place to be right now!
- fabricexpert 8y agoAre these products fundamentally different? Or are we just seeing a new wave of marketing and fulfillment?
- Regardsyjc 8y agoI think it might be too rapid change within the last 5 - 10 years. Amazon and Shopify made it possible for anyone to start their own internet D2C business. Facebook ads/social media, make it easier than ever before to find and reach potential and current customers. China's manufacturing opened up and became easier than ever with Alibaba. 1. Fulfillment became easier and more accessible. 2. Marketing became easier and more accessible. 3. Manufacturing became easier and more accessible. Quality in my experience differs a lot. I don't have that much experience but these are two examples. One electronics startup is still trying to make it work and dealing with a lot of QC issues. Their hardware and design expertise is not up to Apple's standards but they are able to work with a smaller factory. I've also worked with shoes and it seems that for some of my clients, they seem to get their shoes from the same place... Another trend I've noticed is affordable luxury. Most of my clients have been doing well in "affordable luxury". I read an article that Dollar Tree stores are doing well. I think it's making good quality products more accessible and affordable- and this is possible by cutting out A LOT (90%+) of middle men and offshore manufacturing for better or worse. In the past, it was a lot harder and much more people were needed to get a product from factory to customer. Now for some of my Amazon colleagues, they go straight from manufacturer to fulfillment centers. Then there are Chinese manufacturers on Amazon going straight to the customer. Or dropshippers, going straight from manufacturer to customer.