Hello! Today, I want to share an exciting interview that will teach you how to make extra money by selling on Amazon. Whether you’re looking for a new job or just a side hustle, this could be the opportunity you’ve been waiting for.
Let me introduce you to a new approach to building a business on Amazon, called ‘The Marketplace Model.’ I learned about this from my friend Stephen Somers from Ireland, who has built multiple multi-million dollar businesses on Amazon using this model and has helped over 5,000 people in his community.
So, what is the Marketplace Model?
1. Find products on Amazon that are already selling.
2. Create your own unique, branded version of those products.
3. Find a supplier and test a small trial order.
4. Sell those products on Amazon.com.
5. Expand into Amazon’s global marketplaces, which is quite simple and straightforward.
In the interview, you’ll learn:
– How Stephen got started selling on Amazon.
– How much a new business owner can expect to make.
– How to start your own business on Amazon.
– How to determine what to sell on Amazon.
– The costs involved in starting this type of business.
– Stephen’s best tips for getting started.
Stephen also offers a free webinar training that shows you how to sell simple, low-competition products on Amazon. You’ll learn how to build an Amazon business from scratch, what product types work well, their strategy, and more. You can sign up for free.
Don’t worry, Stephen assures that you don’t need any prior experience or advanced tech skills for this to work. It’s all actionable, and you can start implementing his method right away.
Here’s how you can make money selling on Amazon:
Stephen Somers, from Wexford, Ireland, started out in business during college. He initially wanted to pursue a music career, but things didn’t work out. While working a boring job as a data processor, he spent his spare time looking for ways to make money online. After getting scammed and receiving bad advice, he realized he needed something he didn’t have to be an expert in and could feel good about doing.
That’s when he met Robert, his first mentor and current business partner. Stephen learned the ropes of selling physical products on Amazon by working hard and eventually re-engineering Robert’s business from the ground up. They turned it into a multi-7 figure business and created Marketplace SuperHeroes, a training and service business with over 5,200 members.
How much can a new business owner expect to make? It varies, but the potential is limitless. Whether you want to support your lifestyle or scale up to a multi 6 or 7-figure business, it’s all possible with the right system and effort.
What do you like about selling on Amazon? Selling physical products on Amazon allows you to reach a larger customer base and potentially make more money with less work, thanks to Amazon’s fulfillment service. For example, the European Fulfillment Network lets you store products in one country and fulfill orders across Europe.
How can a person start their own business on Amazon? Here are five tips:
1. Find a proven system and follow it.
2. Focus on product research.
3. Raise capital consistently.
4. Invest in your first product.
5. Keep adding more products to your pipeline.
To determine what to sell on Amazon, use the B.E.S.T framework:
– Boring: Find everyday products that sell well.
– Established: Only sell items with proven demand.
– Sustainable: Focus on sustainable products.
– Tangible: Ensure everything you sell is a physical product.
You don’t need to create your own products. Instead, fulfill existing demand by improving current offers. Amazon handles shipping and customer service through FBA (Fulfillment by Amazon).
Examples of items that can be sold on Amazon include plastic shoe boxes, wall-mounted TV stands, and rubber feet for washing machines. These may seem boring, but they are in demand and sell well.
Starting an Amazon FBA business typically costs between $1,000 – $3,000. Monthly fees include a seller subscription fee and FBA fees, which depend on factors like size, weight, and category.
For those interested in learning more, Stephen offers a comprehensive course designed to teach you how to find simple, low-competition, high-profit products and sell them globally on Amazon. Whether you’re a beginner or an Amazon veteran, this course has you covered.
Are you interested in learning how to sell on Amazon?