Using what we have already learned in Amazing Selling Machine Video 1, Jason Katzenback was able to pick a hot product on Amazon and make thousands of dollars only in the first three months. However, in addition to a product, Jason also found a high-margin supplier which allowed him to completely automate his business and continue making more and more money.
When it comes to finding a supplier, most people shy away, thinking that this is way too difficult for them. However, finding a supplier is as easy as pie, according to Jason and Matt Clark. For example, Jason has managed to reach an astounding $100,000 per month of recurring revenue after he has discovered the secret of finding high-margin suppliers. It is pretty amazing what you can accomplish when you have a proven system, a hot product and a high-margin supplier.
How to Find Suppliers For Any Product you Want
Over the past few years, there has been a huge shift on the Internet, making it possible for you and other millions of new entrepreneurs to personally connect with tens of thousands of suppliers anywhere in the world. Now, no matter what product you want to sell, finding a supplier is as simple as a few quick Google searches.
This is how you will be able to find the right supplier for you: go over to Google, type in your product keyword followed by the word “private label”. Next, type in your product keyword and then “supplier”. Also, you can type in your product keyword followed by the word “manufacturer”. For example, let’s say you want to sell your own brand of iPhone cases. Go on Google and type “iPhone case private label”. You will get over 2.4 million results with the best manufacturers of iPhone cases. You can also type in “iPhone cases suppliers” or “iPhone cases manufacturers” and get the same results, listed in a slightly different order. Hence, finding suppliers for just any product you want is quite an easy task.
There is another method you can use to find a reliable supplier. You can go directly to Alibaba.com (one of the biggest suppliers’ connection websites online). Just type in “iPhone cases” in the search box on the main page and you can find a wide variety of cases from thousands of suppliers.
Now all you have to do is send those suppliers an email, asking them nicely to cooperate with you. Unlike in the past, when most suppliers dealt only with huge retailers, you can now get started with very small amounts of inventory, as low as $150. Just compare that with the cost of starting other businesses: content based businesses (between $500 and $2.300), MLM businesses ($500 – $1500), real estate (over $10,000), brick & mortar (over $50,000). In addition to this upfront cost, you will also need to consider the training costs of these unpredictable businesses. The training costs might exceed $10,000 for content based businesses and $150,000 for brick & mortar ones. If we will also consider the cost of a University degree, that might easily pump up the price by more than $85,000.
Getting your Packaging Done
The most important thing you need to do in order to get started with your own brand is to get your label created. This can be done in just three simple steps:
1. Ask your supplier for a label/ package design template. Just send them an email, tell them you are ready to order a new product and then they will send you a file containing the template.
2. Go over to odesk.com, elance.com or 99designs.com and hire an experienced designer. Send him the template file and tell him to add your own brand or motto.
3. Once the designer sends you the completed design back, send it over to the supplier and that’s all.
This is so simple! You can now take a generic product that people are already looking for and turn it into your own brand by simply following the above 3 steps.
How to Automate your Business
One of the most attractive aspects of the Amazing Selling Machine is the freedom it offers because of its automation. You can literally run it from anywhere around the world, with just a laptop and an Internet connection. In order to help you get the independence needed, Amazon has created one of the most powerful tools ever – Fulfillment by Amazon (FBA).
This revolutionary program has network warehouses all over the world. Once your products are there, all the orders from Amazon through your platform are automatically shipped out to customers from various countries. In other words, you literally do nothing, because Amazon is working for you, 24/7. What’s even more amazing is that Amazon even provides customer service for your products.
You don’t have to sell products all by yourself anymore, because Amazon does all the work for you.
All you have to do in order to run your entire business and completely automate it is to tell your supplier to send more inventory to FBA. This can be easily achieved with an email or a phone call. You will then get notifications from FBA, telling you when your inventory is running low, so that you will know when you have to send your supplier another email. You will never have to touch any physical product, because the Amazing Selling Machine is completely automated.
In the next video, Matt and Jason will teach you how to get your products ranked at the top of Amazon’s charts. You will also find more about the amazing discoveries made by the creators of Amazing Selling Machine. Stay tuned for more great tips on how to build your own successful business online.