August 6, 2020 by Andrew Minalto - 6 Comments
July 2020 Amazon UK FBA RECORD Sales: £31,732.88
While most people are enjoying their summer and the crazy hot weather outside, I have slowly and steadily kept working on the growth of my Amazon UK FBA business. And for a good reason!
This summer has been NOTHING but spectacular in terms of sales and profit! It may sound bizarre, but every morning, when I check my sales for the previous day, I get a buzz—or you could even call it even a high—from the numbers I see in my seller dashboard. Sales do boost my motivation, so the more money I make, the more excited I get to do even more.
Ok, I actually lied there. I’m working throughout the summer on my business, yes, but not on the actual Amazon FBA business. There are other projects. To be perfectly honest, I spent maybe three hours on my Amazon business in July, and that was mostly just to prepare for the shipment of two pallets (checking stock, projecting sales, printing labels, etc.).
I spent ZERO hours on marketing or customer support. In terms of marketing, since I switched off PPC ads, I don’t have much to do there anyway as my product images are great, all my listings have A+ content, and I’m not a huge believer in frequently changing titles, bullet points or descriptions for my listings as I don’t think Amazon likes that either (such changes can “confuse” the search algorithm and actually hurt your listing rankings).
July 23, 2020 by Andrew Minalto - 2 Comments
What’s WRONG with your Amazon FBA business?
Amazon is constantly changing the seller dashboard, adding new features, and changing the layout of how everything looks. This is nothing new—it has happened every year since I started selling on the platform. Some of the changes are purely visual, while others are more significant and can directly affect your business on Amazon.
One particular change was introduced to us earlier this year. It is called: Voice of the Customer. Yes, with a capital C, because the Customer has always been the number one priority for Amazon. Heck, that’s how they built their entire business: by carefully listening to customer feedback and doing whatever it takes to keep them satisfied.
Voice of the Customer is a new dashboard panel that is available under the main Performance menu. The feature is currently in BETA mode, so it’s not (yet) tied to the main Account Health metric, but I predict it’s just a matter of time before Amazon fully integrates this into their system.
July 16, 2020 by Andrew Minalto - 16 Comments
BREXIT NEWS: MASSIVE Change to Amazon FBA PAN-EU Program!
I hope that everyone is enjoying the summer and the nice weather outside! I wanted to take July off the blog to relax a bit before the “new season” starts in August, BUT the announcement Amazon made on the 14th of July is too important for me to ignore and not share with my followers. Well, at least I got two weeks off! 🙂
Due to the Covid-19 pandemic, everyone seems to have forgotten about the whole Brexit saga, but let’s be real, it is happening—and it’s happening soon!
The UK officially left the EU on January 31st, 2020, and even though we don’t know whether a deal will be made or not, starting from next year (January 1st, 2021), the UK will leave the EU’s single market and customs union.
I’m still maintaining my optimism and hope that there will be a deal and some kind of trade agreement by then, but Amazon can’t wait around and hope for that to happen.
June 16, 2020 by Andrew Minalto - 16 Comments
SELL on Amazon during the COVID crisis, starting with just £1000!
It’s been a while since my last blog post, and there’s a good reason for that. I have been very busy launching two new businesses at the same time: one Shopify store and one offline business.
The time and energy that go into starting a successful new business are ENORMOUS! But I really enjoy the process, and I know that once everything is set up and all the processes are dialled in, it’s pretty much an easy ride. Well, at least for me, it has always been that way.
I have also started to realise that starting and building new businesses is my TRUE passion. It’s what I get the most enjoyment from. I love doing all the research, putting all the systems in place, modelling customer behaviour, coming up with marketing angles, etc.
Once all that is done and the business is up and running, I kinda lose that motivation and passion for it. This is probably the reason why I have started so many different businesses over the last decade…
May 21, 2020 by Andrew Minalto - 13 Comments
How to SOURCE products in the UK/EU instead of China for your Amazon FBA business!
Let’s talk about product sourcing. As many of you know, I have always advocated importing from China when sourcing products for your private-label Amazon UK FBA business. The reason for that is obvious: 90%+ of consumer goods are currently manufactured in China, so to get the lowest price possible, you’ve got to go directly to the source. It makes sense, right?
But there is a group of people who are somewhat nervous about the idea of importing from China and the process involved. I will try to debunk the myths associated with this later on in this post, but it is what it is. Some people simply don’t want to import from China because, to them, it seems like “too much” to handle.
In fact, I regularly receive emails and messages from people who ask me about the alternatives to importing from China.
Specifically, they want to know if it is possible to source goods from the UK or Europe to sell on Amazon?
May 6, 2020 by Andrew Minalto - 4 Comments
My April £27,465.54 Amazon UK FBA UPDATE!
I don’t do monthly income posts that often anymore, even though I know many of you look forward to them and they work as a great motivator for people who are just starting out selling on Amazon UK. The reason for that is:
- During the year, sales do not fluctuate very much for the business I have covered in the past on this blog, so doing monthly posts would be quite repetitive and wouldn’t bring much value to my blog readers.
- The time I can spend on writing these posts is very limited. So, if I have to choose to either write a monthly sales update OR share an interesting business concept, insight or strategy, I would rather do the latter.
Taking all this into consideration, I don’t plan to post monthly income posts anymore. But if you’re interested in such content, please check out my blog’s archive page, where you will find links to more than 20 such posts that have been published in the past. In them, I have documented how my business went from £0 to £320,000 in the first 18 months of trading.
Anyway, April 2020 was a unique month for my business, and we all know why. COVID-19 has changed the way we live, work, communicate and shop. There has been a sudden increase in demand on Amazon as online sales went through the roof! At the same time, Amazon restricted in-bound shipment creation for more than three weeks, which further helped my sales to grow as many of my competitors simply went out of stock.
April 30, 2020 by Andrew Minalto - 8 Comments
3 SIMPLE Ways to MAKE MONEY with Amazon FUNNELS!
Let’s talk about landing pages and how they can help grow and expand your Amazon FBA business by increasing your profits in a SIMPLE and CHEAP way!
Most of you have already heard about funnels and landing pages, but they’re usually associated with information products and NOT physical products.
The reality is that, in 2020, you absolutely MUST learn how to use landing pages and funnels in eCommerce.
Without them, you won’t stand a chance when competing with people who are using them to achieve much higher conversion rates.
Ok, if you plan on sticking with Amazon alone and don’t intend to interact with traffic outside the Amazon platform, you may not need this. But if you do want to try Facebook advertising, want to work with influencers, or simply need to set up a quick way for you to sell your products outside of Amazon, then you do need to learn this, and I will show you how to do it effectively on a budget.
Before we get into the actual details of how this all works, let’s clarify what landing pages and funnels are.
April 23, 2020 by Andrew Minalto - 4 Comments
HOW Coronavirus TRIPLED my Amazon FBA Sales OVERNIGHT!
Today is the 23rd of April, and I really hope that we’re past the worst by now. Some countries already are relaxing the restrictions and allowing shops to open up for business, so hopefully, within the next few weeks, things will improve everywhere, and people will be able to partially enjoy the lovely warm weather and upcoming summer. Even if it means no public gatherings are allowed, at least there will be a small chance that the economy will not be totally destroyed.
I’m actually quite surprised by how POSITIVE the markets are looking right now. If we look at the S&P500 index, it currently stands at 2,799.31, which is NOT that far away from the all-time highs experienced earlier this year in February, when the index reached 3,393.52. This means that, in general, investors are looking at this whole situation rather optimistically and are hoping for a quick recovery.
Let me remind you that the S&P500 went dangerously close to the dreaded 2000 mark just one month ago, on the 23rd of March (2,191.86), but since then, it has been improving.
If everything continues as is (not saying it will), looking back at the figures in ten years’ time, you wouldn’t even notice that there was a major global crisis in 2020. It would look like just a quick market swing. I did buy-in some extra at 2,500, so I still feel like I got a good deal. However, only time will tell how the markets will play out in the long term, as the financial impact on the world’s economy is yet to be seen.
April 16, 2020 by Andrew Minalto - 2 Comments
The WORST product to sell on Amazon UK FBA – FOOD SUPPLEMENTS?!
Let’s talk about food supplements on Amazon UK. Is it a good niche to get into or not? Why are supplements such a hot category, and why are so many people trying to get into this niche? What is the best way to sell supplements on Amazon using FBA, and is it a profitable business model? I will try to cover all these questions in detail and shed some light on the whole industry so you can better understand how it works.
First of all, why supplements? Well, I have been experimenting with supplements for the last twenty years, so I have a lot of experience dealing with them on a personal level.
Secondly, I regularly get emails from people asking me for advice on this industry, and as I haven’t talked about supplements on my blog before, I think now is the right time to do it. Due to the COVID-19 crisis, supplement sales are skyrocketing on Amazon, as people are trying to improve their overall health and immune system as much as they can. There are manufacturers that I personally work with in this space who tell me that they can’t cope with the demand, it’s that big of an increase.
April 9, 2020 by Andrew Minalto - 6 Comments
TOP 3 REVIEWS STRATEGIES for Amazon FBA Products in 2020!
Product reviews. It seems that most Amazon sellers are obsessed with product reviews—and for a good reason! The higher the number of reviews a product has, the better the conversion rate will be. The higher the conversion rate, the higher the listing will rank in Amazon’s search results. And that means more money in the seller’s pocket, of course.
Very recently, in the EU markets (and the UK), Amazon has started to unify product reviews across all marketplaces, meaning that a single ASIN will show ALL of the reviews it has received, no matter which Amazon website you’re on.
They have also started to categorise these reviews based on the language and added a TRANSLATION feature so customers can easily read reviews left in other languages. This process is still ongoing, so not all products and categories have been merged yet, but I’m sure Amazon plans to finish this process very soon.
This all sounds good from a customer perspective, right? Yes! You get all the combined reviews in one place, which should be helpful in the buying process, especially if it’s a relatively new listing with very few reviews on each marketplace.