Welcome To Episode #17 of the Amazon Private Label Show Podcast!
In this episode I breakdown my goals and plan to be making over $30,000 a month profit while selling on Amazon FBA. I will give you my outline and plan specific actions that will lead me to my goals and desired business outcomes.
Amazon Private Label Show Podcast - How To Make Over $30,000 A Month From Amazon FBA
I have been hard at work building the foundation for my Amazon FBA business. I normally am a big picture thinker. The short game just doesn't interest me.
I thought I would share some of my plans and goals for the rest of 2016 and beyond. It is my plan by the end of 2016 to be making over $30,00 in profit from my Amazon private label business.
I have every intention of doing so and look forward to the challenge.
Make sure you listen to the podcast to learn more about my plans.
Here is a general breakdown of some of my plans for the rest of 2016
Have at least 11 products by the end of 2016 making 30K profit a monthAll products will belong to the same brandEach product will have several variations of color and sizeEach product will be making about $100 a day profit11 products x $100 = $1100 x 30 = $33,000/monthProduct Research And Launch
Training a VA to do product research following my guidelines using Jungle ScoutAsk existing audience and customer base what needs they haveMake sure each product is going to be a winner before committingLaunch at least 1 new product a month, follow launch processIf product doesn't perform to expectations then liquidate and move onAutomation And Outsourcing
Outsource and automate everything that makes sense toUtilize freelancers and virtual assistants from Upwork when possibleVirtual assistant to handle customer service and monitor daily sales and reviewsVirtual assistant to help with product research and talking with suppliersVirtual assistant to manage social media accountsOutsource Amazon PPC, listing creation, etc...Utilize tools such as Sales Backer for review and feedback automationI don't just want to rely on Amazon for sales and traffic so I know my brands social media presence needs to be solid. I am building a brand and company that I want to sell off and cash out on some day so building an audience and following is important to me.
Now do you have to invest time and energy into social media for your products or brand? Absolutely not! This is just my plan and goal. I am just a believer in Amazon but I also know better to not put all my eggs in one basket.
Here are the total stats I am shooting for by year end 2016
100,000 Instagram followers30,000 Facebook followers10,000 person email listStart a Pinterest accountHow will I do this?Virtual assistant to mange daily postingsProduct inserts with a call to action to follow on social mediaProduct insert drives them to a squeeze page to capture email address using Leadpages and AweberLeveraging other peoples followings and audiencesDo product giveaways to rapidly grow stats (See Shopify Article)Use RaffleCopter Building Out My Shopify Site
Utilize Amazon FBA to handle delivery of product sold on Shopify siteHire content creator for blogOffer branded clothing on my Shopify site to enhance brandHave a charity affiliation for my brand by the end of 2016 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
SUBJECT TIMES ON PODCAST:
[1:45] I-TUNES REVIEW - TO LEAVE A REVIEW CLICK HERE
[11:00] AUTOMATION AND OUTSOURCING
[17:00] SOCIAL MEDIA GOALS
[34:00] WHAT ARE YOUR GOALS?
RESOURCES MENTIONED IN THIS EPISODE:
Jungle Scout - An awesome plug in that allows you to quickly do product research on Amazon like a pro. Jungle Scout has saved me TONS of time when looking for new product ideas. It's a MUST for anyone who is getting started in selling physical products on Amazon. I highly recommend Jungle Scout!
SEE MY JUNGLE SCOUT REVIEW HERE:
SAVE 10% BY USING THIS SPECIAL LINK -->PLS LISTENER DISCOUNT
Leadpages - A terrific resource that allows you to create high converting landing pages that allow you to collect e-mails. I have been using this for years and it's a very high quality product/service.
Aweber - The most popular email opt-in service and e-mail broadcasting service. I use Aweber for all my newsletters and mailing lists. This is a must if you are serious about growing your Amazon business to the next level.
Salesbacker – This service and tool automates your product feedback and reviews. I use this personally and found it amazingly simple to setup and let run. This is another must have for all private labelers. Automation of this process is key and this tool does the trick.
Feedback Genius – A great tool to automate the follow up and review process. Use this to build up your customer feedback and customer reviews.
Fiverr - A great site to use to find freelancers with all sorts of skills.
Upwork - A great hub that connects you with tons of freelancers to do all sorts of work. Use this site to find a great photographer.
Shopify - Take your Amazon business to the next level and start a Shopify store to start selling on your own website. This is the platform I use as it's simple and can link to you Amazon FBA account.
For all other resources and tools that I use in my Amazon business please see the resources link.