Hello & Welcome Back!
We’re just days away from Christmas and I’m sure many of you are already in a festive mood and don’t want to think much about business right now. But it’s also the end of the year very soon and from my experience, I know that lots of people will have set themselves a goal of starting an online business in 2018 so I think it’s the perfect time to give you more information on my up-coming Amazon Sharks course which will be released in January, so you know exactly what to expect from it.
But I want to start off with an update on my latest Amazon venture which I started earlier this year, in September to be precise. I already covered the first month’s results in a separate video where I also shared some very valuable information on how to start a profitable Amazon private label business.
If you haven’t seen that video yet, please go to my blog – AndrewMinalto.com and sign-up for free & you’ll be given instant access. This will also subscribe you to my blog’s newsletter so you don’t miss out on any future posts and videos.
OK, going back to my new business – in short – it’s been an impressive start! I’m very happy with the results I have achieved so far and very excited to see what 2018 will bring as I’ve really only scratched the surface with this so far.
Let’s log in to my Amazon account and check some sales numbers – as you can see – I started selling on 8th September, there are no sales prior to that as this is a brand new account and business.
There’s a steady growth in sales month over month but last month has been exceptionally impressive! Mainly due to Christmas shopping of course, as I do sell a product which is in high demand during the holiday season. There will be a drop in sales for sure once Christmas shopping ends OR when I run out of stock – whichever comes first! 🙂
Overall, in this 3-month period I have made more than £50 000 in sales which in my opinion is very good! I sold over 5000 units of a brand new product, with no sales or ranking history.
I have also been spending lots of money on Sponsored Product Ads – in this 3- month period I have spent £8,000 in paid clicks which is a lot BUT it is my overall strategy – to be very aggressive with bidding when I start new listings – to outcompete everyone else on bids and get most of the traffic.
Because sales velocity is one of the main factors in Amazon’s ranking algorithm – so the more sales I generate via paid ads, the higher my listings start ranking in natural search. Another advantage of doing aggressive paid ads to get sales in is to grow reviews as quickly as possible as they also play a huge role in search ranking.
So far it has worked great as I have already secured a number of 1st positions in search results for secondary keywords and I am in the top 5 positions for my main keywords. Review count is still lower than my competitors but once I increase them, I should be able to move into the TOP 3 for the main keywords too. That’s the plan anyway! 🙂
So right now my NET profit is not that impressive, mainly due to aggressive bidding on ads – but as you can see – even my paid campaigns actually already generate a positive return as the overall ACOS is 35%. My cut off point is 50% so I have some reserve left to be even more aggressive on bidding if needed as I don’t mind not making profit on ads right now, as profit comes from sales from organic rankings.
I have to admit that I haven’t even properly optimised my campaigns yet, mainly due to other tasks I have been working on, so that means that I am wasting quite a lot of money right now on ads that can be optimised. But I will get to it 100% in January when bid prices will also drop as right now, in December, bid prices in general are much higher compared to the rest of the year and do not represent the true situation.
Numbers wise – I have sold 5097 units and on average generated £4.50 profit before ad costs. In the beginning it was £5 profit per item sold but after VAT registration it has lowered to £4. The average for this period is about £4.50 which means – 5097 multiplied by £4.50, which is £22,936 so basically £23 000 give or take.
If we take off the ad cost at £8,000, it leaves me with a net profit of £15,000. And that’s for the first three months of trading.
I could stop sponsored ad campaigns right now and instantly increase my profit margin BUT I won’t do that as I want to continue building up my search rankings. Even when you rank well, you still don’t want to stop running ads, but that’s a whole other story which I’ll save for a separate blog post.
So these are the results so far and I will continue updating you on my progress throughout the next year as my goal is to sell 3000 units per month and reach £30k per month in revenue and at least £8,000 net profit per month for this business alone by the end of next year.
It is a very ambitious goal, I know, but that’s what makes the whole journey even more fun & interesting!
Amazon Sharks UPDATE!
Ok, as I said, another reason I wanted to create this video and release it before Christmas is to give you an update on the Amazon Sharks course as many of you are messaging me asking for release date, pricing and everything else. To save time for all of us, I’ll give you those answers right now. Let’s get started!
So – what is Amazon Sharks all about? Is it a video course? Or seminar? Or coaching program? Community?
The main part of it is a video course, yes. A super detailed video course on how to start and run a highly successful Amazon private label products business!
I’m still working on the course material but it will be massive – probably close to 20 hours of video lessons, if not more as there’s simply so much to cover!
These will be professionally created videos, not some low resolution web cam videos where you can’t even see what the person is showing you! No, these will be FULL HD videos so you can even watch them on a TV if you want to and still get nice, crisp video quality. This is especially important in all the videos in which I show you Amazon’s interface.
Speaking of that – I will actually reveal one of my Amazon businesses in the course! Yes, you’ll be able to see exactly what I do, down to the smallest detail, and use it as an example for your own business. I only teach what I personally do in my businesses so there’s no better way to teach these things than to use real life examples!
The Amazon Sharks video course will cover everything, from A to Z, on how successful Amazon private label businesses are built. There will be 10 modules in the course, covering market research, product selection & validation, sourcing & importing, branding, listing creation, selling, sponsored products and many more topics!
In total there will be about 150 video lessons in the course.
And this will all be brand new content, created from scratch!
I will give lots of real life examples, real life situations, problems and solutions to them. This is not some theory – at the end of the day I have successfully launched 3 Amazon businesses using these same principles so I have tons of insider information to share with you.
So the course’s primary focus is for people who want to start a brand new Amazon business but a large part of the course will also be suitable for people who already sell on Amazon but want to improve certain areas of their business or maybe launch new product lines altogether based on my business principles.
All of the examples will be based on Amazon’s UK platform but as Amazon is basically the same in every country, I believe that the program will work perfectly fine for people in the US and other countries.
Also – I will have information on how people can actually start selling on Amazon UK while not living in the UK! This basically means that anyone, anywhere in the world can start a business on Amazon UK!
There will also be Bonus Modules in the course which I’m particularly excited about! As in one of these modules I will cover my own favourite business model which involves becoming your own manufacturer! Another one will be on how to expand to other regional Amazon marketplaces. But I’ll have more details on this all when the course launches.
All the videos will be hosted online, on the dedicated Amazon Sharks website, via a secure members-only area. You’ll be able to stream videos online or download them to watch offline.
I know that some people still don’t have fast internet connections so they’ll be able to download videos and watch them this way. I will also have MP3 files available as well as PDF transcripts. Everything will work on mobile devices too of course. So whichever way you prefer consuming the content, the option is there for you.
Now, let’s talk about how the course will be structured. I have created a model that in my mind will yield the BEST results for all of you. I come up with this idea after consulting hundreds of people in my 60 Day Blueprint program as well as thousands of people who have purchased my Easy Auction Business course in the past.
Basically – the best results can be achieved IF you concentrate on one task at a time AND have a support mechanism in place which you can use at times when you’re struggling with something specific and can’t move forward. Many people get totally overwhelmed if too much information is thrown at them all at once! I want to address and fix this problem with the Amazon Sharks course.
The whole course will be structured in modules AND each week I will release one module – one major topic or task you need to work on. In that module there will be a number of video lessons you need to watch and then – at the end – there will be a Next Steps video which will summarise the most important things covered in that module and most importantly – list the exact steps you need to take to complete this module!
This way there will be no confusion whatsoever on what you need to do next – you just execute the tasks I give you in the last video of the module! Obviously some people will get it done faster, some slower – that’s not a problem – you can take 2 weeks or 3 weeks to complete a module, that’s fine. You’ll have lifetime access to all materials and nothing will be removed from your membership.
The second major element in your success is the support system! As no matter how hard I try in videos, you’ll have questions that you need to get answers to or you’ll simply want to hear the opinion of someone more experienced – like me! That’s why the Amazon Sharks course will have a built-in support system which will allow you to get in contact with me directly and get my personal help!
I will have a special widget built into the members’ area which you can click on to ask me a question – the answer will be shown in the widget as well as sent to your email. All previous questions you have asked and my replies will also be shown there. I think this will be very handy for you to use and will give you that extra bit of confidence, knowing that if you do get stuck, I’m here to help!
I don’t know any other major Amazon course that offers this! Either you get so- called support which is run by outsourced people who have no practical experience running a business on Amazon OR you get a Facebook group where it’s basically left for course members to try and help each other out, which is really no better than any of the many other Amazon related Facebook groups out there.
Amazon Sharks will be totally different as you’ll get personal support from me! I won’t outsource this support, how could I? Can I outsource my nearly 15 years of experience running online businesses? Can I just hand over the information I have accumulated from coaching hundreds of people and creating hundreds of new brands?
I can’t and I won’t do that! You’re guaranteed to get direct and personal support from me when you join Amazon Sharks so you can feel safe that any unanswered questions or problems will be taken care of for you.
Apart from that, I will also have a FAQ section at the end of each module that will list the most commonly asked questions and my answers and I will continue updating these FAQ pages as time goes by.
To sum it up – with Amazon Sharks you will get a step by step video course on how to launch and run a successful Amazon private label products business as well as my personal support. Basically, it’s like a coaching program where you’ll be guided through every step.
Now let’s’ talk about the price as I know many of you are eager to know how much the program will cost. I have thought very hard about this, trust me – it was not easy to come up with a model that works for both you and me. But I have created a pricing module that in my opinion is fair, affordable, and still a real bargain when considering what you get in return.
As the course will be released module by module – one per week, the price for the program will be £99 per week for 10 consecutive weeks which means that the total price you pay is £990. That is 10 payments of £99 each.
On the launch date you pay £99 and get access to the first module, after one week you’re automatically billed for the next payment of £99 and get access to the next module. And so on until 10 payments are completed and all content is released.
I will only be taking in 50 people to the program when it launches! I don’t want to take in hundreds of people and then not be able to provide the support level I have promised. And as an Amazon business owner myself, I don’t actually want to show all this material to thousands of people who could indeed create too much competition on Amazon UK. By keeping member numbers down, this won’t be a problem as product selection on Amazon is obviously massive.
There won’t be options to purchase separate modules, so please don’t ask. The program comes as it is – all modules for the price agreed when you sign up. Also, there won’t be free trials or anything like that – this is for serious people who want to work with me personally to create a successful Amazon business. If you’re not ready for it, that’s fine – leave that seat available for someone who is all in on this!
Also, as a clear disclaimer – the program’s price is £990 and not £99 for the first module or £300 for the first three modules. If you sign up and then cancel your subscription later on, you lose access to the whole program, even the modules you have been given access to.
So again, please, do not sign-up if you don’t want to go through everything until the end. Leave that limited space open for others who are ready!
I hope this doesn’t come across as too negative or arrogant – I just really want to make sure that people who sign up are ready to do the work and are ready to really create a successful business! I have put my heart and soul into creating this course! Along with my team members, it’s hundreds of hours of work that goes into creating such a course.
I know that £990 is a lot of money for many of you but the truth is – if you don’t have that kind of money to invest, an Amazon business may not be suitable for you as apart from the program’s cost, you’ll need to have a budget for stock too – at least £1000. You can of course start with smaller amounts but you’ll struggle.
Some people may have money to pay for the course but then they won’t have money left for stock. One option of course is to start the course now and save up money for stock as you work through it over the next 3 months and launch your business then.
Whatever your situation, all in all you’ll need at least £2000 to cover the program fee as well as stock for your first item. The more money you have for stock, the better of course, as it will open more opportunities to you.
Once all payments are done, you get lifetime access to all materials and I will of course continue adding new videos over time as new features and information will be released by Amazon and in general things do change fast in the eCommerce world, so you need to stay on top of it all. So rest assured as all future updates are included in this price.
There will also be a brand new Amazon design service at an added cost, available only to program members! My award winning designer will work directly with you to create logos, 3D images for products, and packaging designs for your new Amazon business. This is an invaluable bonus as you will not find a better priced Amazon design of this quality ANYWHERE ELSE – I can promise you that! This service won’t be available to the general public at all as I’m sure that Amazon Sharks’ members will keep my designer more than busy enough!
So the price for the program is £990 and if that seems too high for you and you can’t see the value in the program and my services, then it most likely just isn’t the right fit for you. And that’s perfectly fine! I know there are hundreds of people who are eager to get into the program so I don’t want even a single place to go to waste.
If all goes as planned, the course will be launched on 18th January, 2018, at 8PM UK time. So you can already mark that date and time in your calendars. Before that of course I will send out reminder emails to people who have signed up to the waiting list on the Amazon Sharks website.
As I said, I will only be taking in 50 people and basically it will work on a first come first served basis. On January 18th, at 8PM SHARP UK Time, the sign-up link will appear on the Amazon Sharks website and once 50 people have signed up, doors will be closed for at least several months until we finish work with the first group.
OK, that’s it for today – I hope this overview gave you a better idea of what Amazon Sharks is all about! I will have more detailed information on the course’s content on the Amazon Sharks website when the program goes live in January.
If you have any further questions left, please leave them below in the comments section!
Enjoy your Christmas! Happy New Year to everyone & all the best in 2018! Thanks for watching this video! I will see you on January 18th!
Click Here to Leave a Comment
I used to be on your Ebay Auction course, which was amazing however seeing you move to Amazon is great but the price of the course is a lot, Ebay was less than £100 and this is almost 10 times 🙁
Thanks for your comment, good to hear from you! 😉
Yes, the price for Amazon Sharks course is much higher than what it was for the EAB course – mainly because it’s a limited program (max 20 people a month) and it comes with a more personal support service from me. Still, this is one of the cheapest Amazon FBA courses out there (and most comprehensive one), knowing that others charge several thousand dollars for similar courses.
Thank you very much for the post and well done.
What is your current (or long term) conversaion rate on your product listing? What do you recommend we target?
When Launching your product, did you use Facebook Ad’s and Google Ad’s to drive external traffic too, or was your launch strategy strictly Aggresive Amazon sponsored Ads?
Thank you again.
Thanks for your comment.
My conversion rate varies from listing to listing and is anywhere from 10% to 40% (yes, 40%!!!). It depends on the product’s price point, how good your product is and how it compares to others.
The minimum conversion rate should be at least 10% unless it’s a clothing or similar item where conversion rates are usually lower (because people like to browse a LOT before making a purchase). An average conversion rate for Amazon UK I’d say is about 20% for anything that costs below £20. That is for BEST products in that niche.
30% is also not that uncommon. 40% is extremely good and I have it that high only for 2 SKUs during Christmas shopping period.
My launch strategy relies purely on Amazon’s PPC ads.
Hi my goal is to earn 3k a month neto profit after tax. I plan on doing the course and saving 5k for inventory. I understand I will have to reinvest profits back into the business to amortize my earnings goal. I work on amazon all day in a job and understand defect rate and a to z claims etc. I am slightly hesitant I can make a consintent income with so may pSopley selling courses. I can see your are the real deal I wud just like some insight if I am being delusional in think I can earn 3k a month from starting off with a 5k stock investment but first I’d be learning this course which I feel will greatly improver the odds of success
Thanks for your comment.
No, you’re not being delusional. Obviously it all comes down to your ability follow my instructions, work hard etc. but it wouldn’t be unreasonable to make £3k net profit on Amazon within 12 months or so starting with a budget of £5k. This is not a guarantee but just observation I see from consulting Amazon Sharks customers and Amazon sellers in general.
For some people it may take longer, for some – they can hit the goal sooner if they hit a jackpot with very first product but one thing is for sure – you’ll be one step closer that goal the day you start doing something about this! Just thinking and planning alone won’t get you nowhere 🙂
Hi I know nothing is guaranteed and we need to apply our own skills. can one earn a sustainable monthly income doing this? And is this business model allow one to work anywhere they choose
Thanks for your email.
Yes and Yes.
As you say – there are no guarantees but as you can see fro my monthly posts, I make more than a good living from just one Amazon set-up and spend just few hours on it every week:
Quick question. Can I open an account from another country different from the UK? I am located in Bulgaria. Can I sell my own brand t-shirts on Amazon? I need to know this before entering the course.
Yes, you can open an Amazon UK from Bulgaria, that’s not a problem.
And yes, you can sell t-shirts on Amazon.
Just a quick question from me.
As you recommend minimum budget of 2K for covering the course and product is there will be any extra money to invest for logo,junglecsout,inspection and more?
Thanks for your comment.
Yes, £2k and that will include money for extras too.
But this is absolute minimum- ideally of course you invest more.
Hi Andrew, I noticed in your latest video that you said it’s very important to know how to set up an account, and you talked about business registration. I’ve already registered an account on amazon as a sole proprietor, is that ok or have I messed things up already?
That should be all good, yes! 🙂
I am an old student of your EAB course. I have built a nice eBay business till then, but when Chinese people have invaded eBay, my listings have been drowned down continuously, as you know, there are quite dishonest chinese sellers who put that they send their items from Uk/Germany/Spain and actually they send them from china/hong kong. even they have bad feedback, people still buy from them cause of their unbeatable prices.
Also, Amazon, has a very big number of Chinese sellers, which use PRIME service, sending their items from Chinese to Amazon FBA. I wonder how we can compete with those people as they can control their prices and profit more than we can do.
I have jungle scout member since 3 months (Chrome and web based app both), and I have made a list of at least 700 items, following recomedations of their team (searching for items between 15-40$, high sales rates, bad BRS, small amount of reviews, etc) but when I go deeply in each product, I found that tens of Chinese people are selling the same product. so how we can beat them?? private label and good photography are not what people look for, people are just looking for the price 80% of the time..
Please revert. thanks.
Thanks for your email.
I won’t be able to give you full and detailed answer in this comment BUT the short answer is – on Amazon the situation is different, it’s not like on eBay. far from it. On Amazon presentation of the item, quality, REVIEWS play very major role and you simply can’t sell poor quality, super cheap product on Amazon and rank well in long term. It won’t happen.
Also, Chinese do not really know very well how Sponsored Products work, headline Ads work. They don’t have very good brand names created, they can’t even write proper instruction manuals. They don’t understand how to rank listings properly.
And unlike with eBay, on Amazon, if they use FBA – they pay same fees as everyone else, putting them on level playing field.
It obviously also depends on the product as there will be product types where lowest price will win, but definitely not always.
I recommend you watch the FREE video I have about moving from eBay to Amazon – enter your email in the top part of the blog to watch that video.
I have been looking into starting an ecommerce business for quite sometime, I am still very much at the beginning doing research and trying to separate the BS from the facts, so far what I’ve read on your website you seem to be talking sense compared to others I’ve come across.
I am already a director of a VAT registered Ltd company and appreciate that investment is needed to get started so I have a couple of questions for you, would I be best setting up another Ltd company for this ? Also I have someone who is interested in investing into the business, would you recommend this or start on my own ? The investment would help a lot to get the ball rolling as any funds I have are tied up with my other business at the moment.
Thanks for your comment.
You don’t have to set-up a new Ltd. company for Amazon business – you can use the existing one. OR you can of course set-up a new company – it’s up to you really, Amazon doesn’t care what company you use. But it also depends on how much volume in sales you plan on doing – if you plan on starting out small and build up, using a VAT registered company is not a good idea – in this case you would want a fresh, non-VAT registered company for this. But if you plan on hitting VAT threshold within few months of trading, this doesn’t matter obviously.
Another option, to keep things simple, would be to register as a Sole Trader to start Amazon business and then later on register an Ltd. company for it when you see that things are going well for you.
Can’t really give you advice on the investor part as you probably know the situation, the partner much better to make the right decision.
I have the very same concerns too. Many of the Chinese sellers are now hiring Americans to do their marketing. They are not even worried about losing out on the first few orders. In the past they did not have access to advertisement routes like Facebook, they no longer have the restriction now.
I still choose the have faith that we will not lose the market to the Chinese but the market is definitely a lot more competitive now.
Thank you for your useful content.
No one says there’s no competition – there is.
It has always been there and will be in future.
It’s funny how some people always worry about competition- I have NEVER worried about it!!! I always come up with ways to create the best product on the market, have the best brand and awesome customer experience and just don’t even worry about competition. This business I’m talking about in the video – it has TONS of Chinese competitors, probably more than in your average product category but I don’t care! I sell a better product, at higher price, with better marketing/images/customer experience and don’t worry about what those Chinese sellers are doing.
So I guess it’s a question of how we look at business and competition in general.
Really looking forward to join you in this journey.
One thing I wanted to ask is that I have never sold anything on internet (eBay or amazon etc) and have very limited knowledge about all this. Would you say this course will suit someone like myself.
Thanks for your comment & interest in Amazon Sharks course!
It all depends on whatever you’re ready to learn new things or not really – as I explain the whole thing in detail, step by step. There’s no prior experience needed to follow my course but if there are a thing or two you’re not familiar with, you can learn about it with a quick Google search.
I Purchased your EAB course last year and have been selling on ebay since May/June 2017 following this programme. I was a complete newbie to ebay starting with 0 feedback, not made my millions yet lol but started to build a good reputation following your advice as well as dedication and hard work from me!
I was so happy with the EAB package that I was considering purchasing your 60 day course this year until you ended it.
The Amazon course sounds great and I would love to be part of it, but I guess my main question is….that I know absolutely nothing about selling on Amazon and don’t understand most of the terminology being used in these posts….so I guess my main question would be do I need to know about Amazon on some kind of level before I try and bag a place in January or would it be ok for a complete newbie?
Thanks for your comment, nice to see EAB owners hanging around! 🙂
No, you don’t need any Amazon selling experience to join Amazon Sharks. As with the EAB course, I have created this new course in a step by step way, where I walk you through the entire process showing and explaining everything on screen. You’ll learn all the new words and terminology as you go through the course.
If you managed to make great use of EAB course, you’ll be able to follow Amazon Sharks material too!
Does this work for supplement products and do you need a LTD company to get started?
Thanks for your comment.
Most of what I teach in Amazon Sharks course will apply to supplements too – only difference is that you won’t be sourcing products from China, but UK/EU/US instead.
You’ll also need to get un-gated to sell supplements on Amazon which means you either need an Ltd. company or if you’re sole trader, you must be VAT registered.
I am really interested in this course, I am currently selling on Amazon I have one private label product in the UK and am doing a lot of wholesale and retail Arbitrage.
I do have good knowledge of Amazon but really want to sharpen my skills for private label products and PPC, KEYWORDS ect. I think the private label side I struggle slightly, would you still recommend this course for someone who wants to sharpen this side of the business? I know its hard for you to say maybe, but certain aspects to your video have made me think a lot of the course will be beneficial.
Thanks and look for
Thanks for your comment.
Yes, I think it will because every day I see that very few sellers on Amazon UK are actually doing even 10% of what I teach. Most people don’t even get the private label product concept right, not talking about creating proper brand, listings, PPC and everything else.
Thanks I will be on board for sure, thanks for coming back to me. Really looking forward to get started!
Speak soon and Happy New year!
Thanks Ravi & Happy New Year to you too! 🙂
I’ve been a follower of your programs and advice for a few years now, and I bought your ebay course a couple of year back. I’m very keen to try and get in on your Amazon Sharks course, but there might be a small problem, About 6/7 years ago I was selling books through Amazon. Suddenly for no reason Amazon put a ban on my account. I always delivered the books on time, and I’m very professional when it comes to customer service. I was dealing mostly in older books that I sourced from charities shops, etc., so everything was above board. I asked Amazon what in their eyes I’d done wrong but they wouldn’t tell me. Now what would you advise me to do so that I can get this ban lifted? It was quite a few years ago when this happened but I understand that they are lifetime bans. Any advice?
Thanks for your comment.
Unfortunately I don’t have the answer for your question as I have no personal experience with banned Amazon accounts. I would recommend you try to find a solution on banned accounts forums, like this one:
As it was 6/7 years ago, chances are you can start out with a brand new account but you will have to find details on how exactly to do it safely.
Hi Andrew, i’ve been following your blog for a long time and have enjoyed it immensely, and hope I get into the course next year.
Just out of curiousity, I was wondering how much you £ invested into stock for that nice 15k profit over 3 months?
Thanks for your comment.
The investment in stock was about £10k or so. That’s not a set number as I continue investing all the time, expanding variations, growing stock levels and so on.
Merry Christmas! 🙂
I am in the process of importing my first 2 PL products for sale on Amazon and feel that I have done all the research necessary to hopefully make them a successful launch. I have a fair understanding of PPC/ACOS/keyword optimisation etc. and understand the importance of BSR/reviews. Having said that, I am new to the Seller Central interface but feel that I will get up to speed reasonably quickly with it. I am keen to push my business forward quickly and sell to the rest of the EU and possibly US as soon as I can and take advantage of B2B. I am interested in your course but am not sure whether it focuses on my situation or whether it is a more generalised course for example covering product selection, photography, choosing a supplier, understanding UPC/EAN codes etc. all of which I believe I am on top of. Please can you give me your opinion on whether you feel you course is right for me.
Thanks for your comment.
It is very hard to say really as I don’t know the level of knowledge you have and whatever you will be able to properly implement it.
But if you feel that you’re on top of everything, probably you don’t need my course. You just need to go out and make it happen! 😉
Thank you for your very honest reply. I guess my decision will come down to the EU market place. Trading in the other EU countries is totally new to me and from what I have researched would increase my sales substantially. I know Amazon tries to make is seamless but there are obvious barriers to overcome so advice on how to get in to this marketplace properly would be valuable. In how much detail do you cover this area in your course?
I will cover it in the course but I don’t think it will be worth buying the course for that information alone.
This all looks and sounds great. My main concern is finding a profitable product to sell that is reasonably scalable.
Does you course go into detail on profitable product selection? Also, what would you recommend as an ideal budget to hit the ground running with this (excluding the course fees)?
Yes, of course – I cover market research, product selection, validation, sourcing and everything else in the Amazon Sharks course.
An ideal budget for stock – the more the better! The bigger your budget, the more options in product selection you’ll have – you’ll be able to work with higher price point products compared to smaller budgets. £5k to £10k would be perfect but I know that it’s not what most people will work with so the course is built in a way that is suitable for any budget, starting from £1k.
Hope this helps Will & let me know if you have any further questions.
Merry Christmas! 🙂
What will I need to have to hand so that I can sign up on the launch night of 18 Jan. Bank account details, standing order, Paypal Account ?
Payments will be done via PayPal, yes, so you need a PayPal account.
Very much looking forward to the course, hopefully will get a spot so I can kick my 2018 in the right direction.
I know there isn’t a single answer as everyone will move at a different pace, but from the 18th Jan when the course starts when would you envisage people placing orders from factories in China (i.e the main outlay of your budget)? Although I have a little over £1000 as a starting budget (after paying for the course) I am continuously saving so will have more in the coming months?
Thanks for your comment.
Yes, that’s the main idea. Even with a budget of £1000, you CAN order directly from factories in China and even get your products branded.
So yes, you’ll want to do that and it will all be covered in the Amazon Sharks course.
Forgive me for my bad translation but I come from France.
Will the videos of the program all be available as a text file?
Thank you for your answers, and happy holidays of the end of the year
Thanks for your comment.
Yes, there will be text PDF documents/transcripts available for all videos.
Happy Holidays to you too! 🙂
Hi Andrew getting excited about the course. I’ve used the EAB resources to get started on eBay and recently been using your free advice to move to Amazon uk. I’m ready to make the next step and am looking forward to a busy 2018 and a profitable 2019. Fingers x’d I get in with the first 50.
Quick question….. I have a domain registered but is a viable website worth spending time on right now?
It depends really on the product and your skill but basically, for most people, Amazon is the platform they should concentrate on as customers are already there. It is obviously great to have your own online shop but only if you know how to generate targeted traffic to it and convert it.
Thank you. This is awesome. I really want to be in this first group.
Thanks May, looking forward to it! 🙂
I am living in Sydney, Australia and a starter-seller in ebay but may be a top seller this month. Your video has been very informative. I am just wondering if it would be possible to still buy ‘Easy Auction Buisiness’ program? It said ‘sold-out’ in your website.
Also, I am waiting for your Amazon Shark program as well because Amazon launched this month in Ausatralia!
Thanks for your comment.
No, sorry – EAB course is no longer available for sale.
You should really wait for the Amazon Sharks course because you, based in Australia, have a unique opportunity right now to get into Amazon.com.au while there’s basically no competition for most goods categories. It is perfect timing for you to get into Amazon business! 🙂
I’m interested in the Amazon sharks course. I have few questions not only regarding the course.
First of all thank you for such a great website with a lot of free content.
– Don’t you think that being very successful in Amazon like you, depend 70% on the product ? Even with junglescout it was difficult for me to find a good product that sells good. I believe this is something you teach very well in your course.
– If we learn and do what you teach in your course, will it guaranti success ? I am asking because £1000 budget seems limited (for me) for a private label product. Not that you can’t actually afford the product, but if the product cost £1.8 as yours you will only get 550 items, and If you sell it successfully in one month, this will be very difficult to order again and maintain the sales.
– You spoke about your designer, could you please give us an estimation of the price it could be for Logo and packaging design ?
Thanks for your questions.
1) You have problems finding product that sells good? That really is not a problem on Amazon as there are tens of thousands of products that sell in huge numbers every month. You need to pick a suitable product for your buying power AND the key is actually what you do with the product!!! I will teach all this in the course of course as it is the biggest mistake most people make.
2) No, of course there are no guarantees of your success, how could they be? Each and every person is different, I can’t know what you will do or won’t do, whatever you will follow my advice, whatever you’ll put enough effort into it etc. etc. It’s not the question on whatever my system works, as it does work – it’s not rocket science really! Just tested, real life approach on building a successful private label business on Amazon.
As for the £1000 budget for stock – I said that it is absolute minimum. You can do it with such small budget, will just have to stick with very small and cheap products. I do cover special tactics for people on small budgets throughout the course.
3) These prices will be revealed on the Amazon Sharks website, before the launch day. They will be very reasonable and definitely a great value to quality you’ll get.
Hope this helps Alban & let me know if you have any further questions! 🙂
So iv got the time, iv got the initial investment money needed. No issues there.
Im torn right now, I’m retired at the age of 33 for reasons I won’t go into but I’m wanting to set up my own business at home. Im currently half involved with another project that drop ships on amazon/ebay you will be familiar with he concept I’m sure.
My question is, all though I can see and have some idea how it works and what you’re offering, what sort of returns are walking for someone starting right off the bat, you have a lot of experience at all sorts and mention PPC ads and keywords etc…..for average Joe whats the real expectation with this?
Iv got the time, I’m keen and I can give 100% to anything I just want some honest expectations please.
Thanks for your comment.
I wish I could give you a clear answer to your question Ben, but I can’t. I really can’t….
Each and every person, situation is different, budgets are different, experience levels are different etc. etc. I could give you a number but it wouldn’t really mean anything.
And if you want to start a business, you should know that there are no guarantees, no fixed income – it’s not a job! You just have to have that passion, eager to make it work and if you stick with it long enough, you can achieve any income level you want. For someone it will be making £1000 per month, for others – £100k per month – it really comes down to how badly you want it.
Im in…..looking forward to the launch date. Iv got all the time in the world to dedicate To it.
I have been thinking for a while setting up on Amazon with private label products. Despite selling on eBay for several years, I feel would definitely benefit from some quality instruction and advice. Especially when it comes to dealing with factories in China which feels as if it’s a bit hit and miss on whether you get lucky or not.
Anyway, just a few quick questions:
Will you be going over ‘inspections’ and ‘certification’ in your course?
Also, how many hours per week would you recommend to set aside for keeping pace with the course?
Lastly, I read somewhere that about 30% of new Amazon businesses are still trading after a year. And of those only 10% make a profit. I know that you can’t provide guarantees and that it depends on amount of quality effort you put into your potential Amazon business, but can you comment on how your course might improve on those pretty dismal figures mentioned above?
Thanks for any comments.
Thanks for your comment.
I will be talking about importing from China process in detail, yes, including inspections, pre-shippment inspections, supplier validation etc.
You can take the course at any speed you want really – there are no restrictions here and everyone can work at their own pace. Obviously if you can only spend 2 or 3 hours a week on this, your progress will be very slow. But if you can put 10+ hours per week, you can make solid progress.
The advantage is that you’ll have information many of those other sellers won’t have! You can go now on Amazon UK and check listings – you’ll see that maybe 5% – 10% or even less are professional sellers, with professional listings, correctly done keyword research, titles, etc. etc. By doing everything by the books, you instantly have advantage over all the sellers who don’t do things properly.
Same goes for Sponsored Product ads, Headline ads – so many sellers are not using them at all or if use them, don’t know what they’re really doing. As PPC is big part of a successful Amazon business, you absolutely MUST MASTER IT! And I will show you how to do it in the Amazon Sharks course.
So these are just few things but there are more of course!
Hi, looking forward to joining Amazon sharks.
Quick question: Is there a disbursement limit for new accounts? Does that mean we can only sell upto that limit?
Thanks for your comment.
Yes, there’s a disbursement limit of £15 000 placed on brand new accounts and it means that you simply need to verify your account until you reach that amount in sales.
You can verify your account sooner and get that limit lifted, that’s why I recommend starting the verification process straight away when you start to get first sales in.
What do you mean by “start the verification process”? What process is this?
I am worried, as I overran the £15,000 about 2 weeks ago and no one has been in touch!
Do you have to be a company to lift the disbursement?
One other thing i will share is I started the account as a sole trader in March and in May I incorporated and emailed seller-verification@amazon to change the name on the seller account to the business name and also so I could change remittance payments to the business bank account.
It is still under review after well over 3 months since i started this “change in details” process. They have ID and company bank statements.
What experiences have you heard of with sellers asking to change from sole trader to company and time frames?
Your help is greatly appreciated?
Thanks for your comment.
Previously it was possible to initiate/start the verification process on your own. Amazon has now removed that option so you simply have to wait until they ask you to do it.
You will simply have to wait OR contact Amazon support to deal with this – each and every situation is different/unique so I can’t give you any advice here.
In general, you can change account from Sole Trader to Ltd. company as long as the new company owner is YOU – same name as the previously registered Sole Trader. But again, you need to work with Amazon directly to sort this out.
Are there any plans to take on more people after the course has finished?
Thanks for your comment.
Yes, I do plan on taking more people in once we finish work with first group.
Is that £990 including VAT?
Thanks for your comment.
No, this price does not include or exclude VAT as I’m not VAT registered with Amazon Sharks business yet.
Probably next year, after first group.
Hi andrew it’s chris,sent you a question regarding the amazon course but never got a reply which I think was because of your busy schedule,anyway wanted to know with a budget of 2000 pounds including stock and couse fees will I find it difficult to start my Amazon couse without the sponsored adds which I think is a big success to the amazon bussiness or that’s not the case,please need your take on this.thanks.
Thanks for your comment.
£2k is a minimum budget I recommend and with that you will be able to follow Amazon Shark’s strategies.
As for sponsored products – you’ll be able to do them too, maybe not on a large scale in the beginning but still. Amazon allows you to pay for ads from sales you make, so basically sales will cover your add cost.
Are you figures based on just one product?
Will you at a later date open things again to say another 50?
It’s one product, with variations.
Yes, I plan on opening doors again when I finish work with first group.
Wonderful News Andrew
I have allocated a budget of £5k for the course, the stock and the design work
I hope I am one of the first 50 to sign up
That’s an excellent budget, you’re all sorted on that front.
Will see you on the other side!
Can’t wait! Alarms set for 18th Jan!
To be 100% safe, put 2 alarms!
I always do that 🙂
Haha thanks for the tip!
You’re welcome! 🙂