Corey Ganim’s Post

Thinking of becoming an Amazon seller? Check out these 7 tips you need to know before you get started.👇

Stop overcomplicating selling on Amazon This strategy costs $40/mo and helped me sell $2M last year Do this today if you want a profitable business in the next 60 days: 🧵 Most of my business comes from name-brand products that people already buy No making new products & no working with Chinese suppliers You don't need to spend hundreds of dollars on fancy tools We can simply look at what products others are selling This is where SellerAmp comes into play It's $20 a month and will show you what to sell in the quickest way It lets us to look through sellers' storefronts and find profitable products Go to the "offers" tab on the SellerAmp Google Chrome extension You're looking for sellers that have some reviews, but not thousands The more reviews, the more likely they have special contracts with suppliers Start digging through the products in storefronts Look up any that you might be able to get for half of what they sell for after a coupon/sale Keep in mind that there are basically zero good items at retail price, so do a quick check on coupon Chrome extensions From here, we can use Keepa ($20/mo) to check the price history Keepa gives us a ton of useful info: >History chart of price >Seller count >Sales rank Using this strategy is easily the best way to start finding winning products And I made a full free video guide to break it down for you here: https://lnkd.in/g4UEmc_4

💼 **Maximize Your Earnings with Amazon FBA Wholesale!** 💼 Looking to make money from the comfort of your home? Amazon FBA (Fulfillment by Amazon) wholesale might be the perfect opportunity for you. Here's how to get started and turn a profit: **1. Find Reliable Wholesale Distributors:** - Research and identify reputable wholesale distributors or suppliers. - Verify their legitimacy by checking reviews, business licenses, and their presence on trusted platforms like Wholesale Central or SaleHoo. **2. Purchase Inventory:** - Select products with high demand and good profit margins. - Purchase in bulk to benefit from lower costs per unit. **3. Sign Up for Amazon Seller Account:** - Visit the [Amazon Seller Central](https://lnkd.in/d3bi9Fyc) website. - Choose a Professional plan for access to advanced selling tools. **4. Send Inventory to Amazon FBA:** - Create product listings on Amazon. - Ship your inventory to Amazon's fulfillment centers. Amazon handles storage, packing, and shipping for you. **5. Sell at Profitable Rates:** - Set competitive retail prices by researching similar products on Amazon. - Utilize Amazon's tools for pricing recommendations and promotional strategies to boost sales. **6. Monitor and Optimize:** - Track your sales performance and customer feedback. - Adjust your inventory and pricing strategies based on market trends and competition. By leveraging Amazon FBA, you can earn good money while enjoying the flexibility of working from home. Need help getting started? **[ecomguru.services](http://ecomguru.services)** offers free assistance for setting up your Amazon seller account and more! 🌟 Start your e-commerce journey today and watch your business grow! #AmazonFBA #Wholesale #Ecommerce #WorkFromHome #EcomGuruServices #FreeService

New Amazon sellers are making a huge mistake. Elite sellers would never do this. Here's what they're doing wrong (and how to fix it): New sellers are making a huge mistake in viewing other sellers as competition. The reality: -some of my best buys are from other sellers -I've sold 6 figures in inventory to other sellers this year -I do regular group buys with sellers in my private community Nothing will speed up your progress quicker than collaborating with other sellers. Here's how: 𝟭) 𝗚𝗿𝗼𝘂𝗽 𝗯𝘂𝘆𝘀 This is a simple way to collaborate for huge wins. A group buy is when you pool cash with other sellers to make a big purchase. The benefits: -better pricing -better terms -ability to meet MOQs And more. 𝟮) 𝗕𝘂𝘆𝗶𝗻𝗴 𝗳𝗿𝗼𝗺/𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝘁𝗼 𝗼𝘁𝗵𝗲𝗿 𝘀𝗲𝗹𝗹𝗲𝗿𝘀 We've bought some of our best products from other sellers. You may be asking "why wouldn't they just sell the products themselves?" A few reasons: -they'd rather make quick cash -they may be restricted on that ASIN -they ordered too many for themselves 𝟯) 𝗧𝗿𝗮𝗱𝗲 𝘀𝗵𝗼𝘄 𝗰𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻 There's strength in numbers when approaching suppliers at trade shows. Find 1-2 other sellers who are ready to pull the trigger on large orders. What's more compelling to a supplier? One guy looking to spend $25k? Or 2-3 sellers looking to combine for a 6 figure PO? No brainer. Drop a repost ♻️ to get these tips in front of another seller!

Selling on Amazon can be a lucrative and rewarding business, but it also comes with many challenges and pitfalls. If you are a new seller or thinking of becoming one, you might want to know the common problems that new sellers face and how to overcome them. Let's discuss, The 5 most common challenges that new sellers face when selling on Amazon and some possible solutions to help you succeed. - Delayed profitability 🕒 - New sellers may have to invest in maintaining their inventory and fulfilling orders before they receive their payments from Amazon, which are usually every two weeks. This can affect their cash flow and profitability in the short term. - Competition overload 🏁 - Amazon has over 8.6 million sellers worldwide, which means that new sellers have to compete with many established and experienced sellers for the same customers and keywords. This can make it hard for new sellers to rank their products and get visibility on Amazon. - Amazon price wars 💰 - Due to the high competition, some sellers may resort to lowering their prices to attract customers and win the buy box. This can lead to a race to the bottom, where sellers sacrifice their profit margins and quality to gain sales. New sellers may struggle to compete with low-priced products without losing money or compromising their brand value. - Receiving Amazon feedback 🌟 - Customer feedback is crucial for building trust and reputation on Amazon, but it can also be challenging to get positive feedback from customers. New sellers may struggle with getting enough reviews, dealing with negative feedback, and avoiding feedback manipulation. They may also have to deal with Amazon's strict policies and guidelines on soliciting and managing feedback. - Strict restrictions and policies 📜 - Amazon has many rules and regulations that sellers must follow to sell on its platform. These include product restrictions, category approvals, listing requirements, seller performance metrics, intellectual property rights, and more. New sellers may find it overwhelming and confusing to comply with all of Amazon's policies and avoid violations that could result in account suspension or termination. These 5 are common problems that new sellers may encounter when launching a new product on Amazon. However, these problems are not insurmountable, and there are many resources and tools available online that can help new sellers overcome these challenges and succeed on Amazon. Let me know in the comment section what challenges currently you are facing. Also, share your thoughts about these 5 most common challenges. If you need my help to launch and scale your business on Amazon DM Sanjoy Singh now I would be happy to help you!👍 Follow Sanjoy Singh for the Next one.🚀

Would you prefer higher profit margins with more moving pieces and aspects to maintain, or a steady stream of income with most of the logistics taken care of and lower margins? This is the question many Amazon sellers face when deciding how to sell on the marketplace. Analyze each factor to consider on the Viral Launch blog.

Pattern is the number one 3rd party seller on Amazon. They do $1,000,000+ in revenue PER DAY. Here’s how their business model works (and why you should copy it): Pattern grew from a living-room side hustle in 2013 to $1 BILLION in sales in 2022. They're number 1 in the world. They're a wholesale seller. Copy what they do. 1) They work directly with brands Pattern is thinking long term. They're not chasing short term wins flipping huge deals from wholesalers. They're partnering directly with the brand. And they're actually GROWING sales. Not leeching off existing momentum, bringing nothing to the table. The agreements with brands are legally binding contracts that are *transferrable*. Aka: this business has huge resale value. 2) They're controlling distribution Pattern enforces exclusivity ruthlessly. If you pop up on a listing that they have a contractual exclusive on, you'll get booted immediately. This is only fair, they've traded value for that exclusive right. This is a positive for the brand too. They know exactly who should be selling their products (Pattern) and who shouldn't (anyone else). 3) Incentives are aligned Pattern's compensation structure: They make more money when the brand's sales increase. Pattern is incentivized to grow its partnered brands' sales. When one wins, so does the other. Pattern makes the majority of their money on the resale of each product. Aka: they're wholesale sellers. I recorded a podcast with @joemazon today. We talked for 30 mins about partnering with brands. Check it out: YouTube 👉 https://shorturl.at/djtx6 Spotify 👉 https://shorturl.at/pCN02 Apple 👉 https://shorturl.at/tzFM3

Third-party sellers !! You've purchased inventory for Amazon, but sales are not coming in. Competitors have lowered their pricing, so you're not winning the buy box, or a dominant seller on that listing isn't giving chance to new sellers to get the buy box. What should you do with the inventory now? This is a question many people ask me. Here's our agency's approach: 1. Check other ASINs to sell on Amazon. 2. Check FBM (Fulfillment by Merchant). 3. Explore options on Walmart. 4. Consider eBay. This strategy typically results in around 90% of our inventory being sold. The US government has recently filed a case against Amazon on that, and it could have significant consequences for third-party sellers. From what I've read, it seems that one of the key changes they might make is addressing the lack of a buy box for sellers who don't have the lowest price. This is indeed great news for third-party sellers!

Creating an Amazon seller account is the easiest part of setting up an Amazon business. Product sourcing is the next step and is easily one of the most challenging aspects of selling online. You’ll have to deal with pressure to purchase high-quality products at a price that allows you to make a profit. And if you choose the wrong Amazon suppliers, you may end up losing most, if not all, of your capital. So, how do you find the best Amazon suppliers for your growing business? What are the things to look out for when choosing a supplier? We’ll discuss all these and more in this post, keep reading! Click the link below! https://bit.ly/zoNbasebio

Having a network for Amazon selling is crucial for several reasons. A network allows sellers to connect with other sellers and exchange valuable information and insights. By joining communities and networks specific to Amazon FBA, sellers can learn from the experiences of others, gain tips and strategies, and stay updated with the latest trends and changes in the marketplace. Secondly, a network provides opportunities for collaboration and partnerships. Sellers can find potential suppliers, manufacturers, or distributors through their network connections. Furthermore, being part of a network can enhance credibility and trustworthiness. Moreover, a network can provide support and assistance during challenging times. Whether it's dealing with account suspensions, policy violations, or other issues, having a network of experienced sellers can offer guidance and solutions. Sellers can seek advice, share experiences, and receive support from others who have faced similar challenges, ultimately helping them navigate through obstacles more effectively. By joining relevant communities and networks, sellers can tap into a wealth of resources and opportunities that can significantly enhance their success on the platform. This is why you should join FBA Secrets, my free community with over 2300 Amazon sellers. Find it here: https://buff.ly/3F0McPP