Welcome To Episode #46 of the Amazon FBA Private Label Show Podcast!
In this episode, I walk you through 3 things that I wish I knew when I first started selling on Amazon.
3 Things I Wish I Knew When I Started Selling On Amazon - Amazon FBA Private Label Podcast
When I first got started selling on Amazon I was just trying to figure everything out.
Learning and consuming as much content as I could.
I like to go into a situation making sure I know all the angles.
As I look back on things I certainly wish I could have done things a little differently.
If I were to start selling on Amazon for the first time again I would not waste as much time on useless stuff.
I would focus on the stuff that actually mattered and learn the rest as I went along.
Here is a summary of the podcast
3 Things I Wish I Knew When Starting To Sell On Amazon:
1 - Over Analyzing is costing you $$$!
I spent months planning, studying and consuming every possible step of the process. Planning for the worst case scenarios. What a waste of time!
Stop debating for weeks whether or not you should get an LLC. Stop planning each step in detail before you even need to worry about it. If you haven’t even picked a product yet then stop trying to learn PPC or Facebook ads. You can figure all that type of stuff out later. Focus on the basics!
MY ADVICE – just get started and launch a product. Don’t worry about it being perfect. If it’s a success then great. Learn from it. If it flops…learn from it.
2 - Your suppliers aren’t all trying to screw you over
I went into talks with suppliers hearing horror stories and was so worried that they were just going to steal my $$. I got so hung up on that. Most are not going to risk their standing on Alibaba and are going to be fair to you.
ADVICE – consider them a business partner and build your relationship with them. If you don’t feel comfortable with the process then hire a sourcing agent to handle it all for you. I think it’s best if you work through your first few product yourself though.
3 - Invest in time-saving tools early
I spent WAY to much time in the product research phase. At the time I didn’t really know about the tools that existed to help me out with that. Wasting time and not making money is awful. You only get 24 hours in a day. Maximize each minute with time-saving tools. Since then I am always buying tools and software to help me run things.
The most common tool beginners need to consider is a product research tool. While there are several on the market my tool of choice is Jungle Scout.
ADVICE – always use tools when you can make the job easier or automate things. This is a business so treat it like one.
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If you haven't yet listened to Episode 3 where I talk about "How To Find A Winning Private Label Product" then please do that as well.
Check Out Episode 3 of The Private Label Podcast
Check out my Quick Start Guide To Finding A Winning Private Label Product <===Click Here
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[4:20] Over Analyzing Is Bad
[8:20] Your Supplier Is A Partner
[13:05] Invest In Tools
[16:30] Saving Time
RESOURCES MENTIONED IN THIS EPISODE:
SAVE 10% BY USING THIS SPECIAL LINK –>PLS LISTENER DISCOUNT
Alibaba – This is one of the main sites I use for sourcing products to sell on Amazon. It’s a portal to get connected with suppliers and the site is improving all the time.
Global Sources – Similar to Alibaba this portal is a very high quality site to find products to source. It isn’t as well know as Alibaba but certainly should be part of your tool belt when looking for new products.
For all other resources and tools that I use in my Amazon business please see the resources link.
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3 Things I Wish I Knew When I Started Selling On Amazon [EP-46]
