Today's episode is the story of a journey from "Amazon basic selling" into "Private Label". If you didn't realize it, 95% of the YouTube "gurus" talking about Amazon selling are convincing new sellers to jump straight into building their own private label brand. This is taught by most experts as, "the ONLY way to go". The truth they don’t tell you though is that an estimated 90% or more of those "PL goldrush seekers" never make a dime - they only lose big. To help avoid the heartbreak and loss, we go against the grain and teach a methodical approach to Amazon selling success. Our approach involves putting money in the bank with lower risk, fast reward models that build a profitable foundation for you BEFORE you venture into the PL arena. Today's guest is a JimCockrumCoaching.com student who talks about his gradual journey into PL after making money while learning the basics first from out team. He's built a $40-50K per month PL income stream (20% margins) and he's looking to expand off of Amazon as well.
We talk about all this and more on today's episode with Cabel McElderry from Alberta Canada
Watch this episode on our YouTube channel: https://youtu.be/JwEt8MXaImU
Check out this episode sponsor - Payoneer.com. Skip the credit checks and learn more about bringing your eCommerce vision to life by visiting https://Payoneer.com/funding. Our podcast listeners get a special 10% fee rebate on their first offer!
ProvenAmazonCourse.com - The "Proven Product Partnering" training module that Matt mentions is just one of the numerous training modules found in our flagship course called the Proven Amazon Course (PAC).
Our Facebook group - https://www.facebook.com/groups/mysilentteam
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JimCockrumCoaching.com Get a free session with a business consultant on our team at 1-800-994-1792 / 1-801-693-1688 or TEXT US at 385-284-7701 (US & Canada only for Text)
Humnbird.com - Trademarks, graphic design, listing optimization for PL brands
silentjim.com/updates - get a notification alert for each new episode
#800: Where is the Amazon opportunity heading for our community after 800 podcast episodes?
#799: The mistakes you'll likely make "self-educating" as an Amazon seller
#798: A live Amazon Q/A with our Facebook members and PAC students
#797: What are the greatest threats you face as an e-commerce and Amazon business builder?
#796: A simple habit that can revolutionize any business - we've seen it countless times
#795: The realities of building a work from home Amazon business as a married couple
#794: Our weekly highlights and recap of powerful business lessons
#793: Student doing great selling REPLENS at prices above "buy box"
#792: He just left his engineering career and now travels full time without touching his products thanks to Amazon REPLENS
#791: The seven friends you'll need to succeed in e-commerce and on Amazon
#790: A live Amazon Q/A with our Facebook members and PAC students
#789: Are you getting your share of the highest margin sales on Amazon? Let's talk about "above buy box" strategies
#788: How hard is building a business on Amazon and what help is out there?
#787: What's the state of the REPLENS selling model as we face the future of Amazon and Ecommerce?
#786: Our weekly highlights and recap of powerful business lessons
#785: After making a series of classic mistakes, this Amazon seller has a thriving business
#784: How many ASINs do you need to make a car payment? A house payment?
#783: Small Amazon success leads to other successes - and how to deal with excess and return inventory
#782: A live Amazon Q/A with our Facebook members and PAC students
#781: This "Mom-preneur" is building an amazing ProvenAmazonCourse.com business
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