My £27,461.60 Amazon FBA BUSINESS UPDATE for September 2020!
October 8, 2020 by Andrew Minalto - 7 Comments
Another month has passed, and it’s time for my monthly business update post. In these posts, I share results from my own Amazon FBA business and update you on the latest Amazon FBA news.
September has been a very busy month. Sales have increased since August, which is always good to see! Also, at the end of September, I started to see more and more sales of Christmas-themed items, which officially means that THIS YEAR, Christmas sales have started at least one month sooner than usual (end of October).
There has also been a lot of Amazon-related news. Here’s a summary of what we’ll be covering today:
- My Amazon business results, and how to make £8,227.30 NET profit doing NOTHING!
- Prime Day is here! What is my strategy to maximise profits?!
- Brand-new Sponsored Brands video ads!
- New Amazon FBA warehouse in Switzerland—another VAT trap?
- FBA inbound shipment problem—do you need to worry?
- Latest BREXIT news—split inventory pools confirmed by Amazon!
- Amazon Netherlands and Sweden—time to create your listings!
- Amazon’s brand-new freight service?!
- Jungle Scout’s new review automation feature!
As you can see, there are LOTS of things we need to go through, so, without further ado, let’s get started!
My SECRET LIST: 100 Products to Sell on Amazon UK!
September 17, 2020 by Andrew Minalto - 12 Comments
“What product should I sell?”
That is the million-dollar question—and it’s one that I have heard thousands of times over the last 15 years of doing business online and running this blog. For the first decade, it was all about eBay, and now it’s all about Amazon. It doesn’t matter what the platform is, new sellers have ALWAYS struggled to find the RIGHT product to sell.
And I totally get it—the struggle is real! Take, for example, my Amazon Sharks program. Even though I explain exactly how to do market research in the course, as well as how to find profitable products to sell on Amazon UK, there are still people who find this process difficult and stressful. And there are several reasons why this happens:
1) They can’t see through the numbers. There are so many data points that we need to simultaneously look at and weigh up as part of this process. It is based on what these numbers say and how they relate to each other, etc. that we make our product selection decisions. For many people, this is simply too much and they start to think that this Amazon FBA game is only for math geniuses. Which is not true at all!
£25,209.56 Holiday Month, Christmas Miracle & Amazon Sweden GRAND OPENING!
September 4, 2020 by Andrew Minalto - 9 Comments
It’s September. The children are back in school, the heatwave is gone, and we can all start to prepare ourselves for the autumn depression. Add the COVID pandemic on top of that and you have a lovely-jubbly outlook for the remaining part of the year.
But is it all that bad? Of course it’s not!
I’m just messing around here! 🙂
I almost never look at life in such a gloomy way, and I actually like this part of the year because:
1) I have two kids, and for their own sake, they need to go back to school and start socialising again. I really hope that the schools here will stay open and there won’t be another lockdown. I’ve seen for myself just how traumatic that experience can be, especially for my son who is only seven years old.
2) It’s hard to work in an office in the summertime. I still managed to do quite a lot this summer, but still, it is hard to be super productive and sit in front of the computer all day long when there are so many things you can do outside with your friends and family.
July 2020 Amazon UK FBA RECORD Sales: £31,732.88
August 6, 2020 by Andrew Minalto - 10 Comments
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).
What’s WRONG with your Amazon FBA business?
July 23, 2020 by Andrew Minalto - 2 Comments
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.
BREXIT NEWS: MASSIVE Change to Amazon FBA PAN-EU Program!
July 16, 2020 by Andrew Minalto - 16 Comments
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.
SELL on Amazon during the COVID crisis, starting with just £1000!
June 16, 2020 by Andrew Minalto - 16 Comments
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…
How to SOURCE products in the UK/EU instead of China for your Amazon FBA business!
May 21, 2020 by Andrew Minalto - 14 Comments
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?
My April £27,465.54 Amazon UK FBA UPDATE!
May 6, 2020 by Andrew Minalto - 4 Comments
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.
3 SIMPLE Ways to MAKE MONEY with Amazon FUNNELS!
April 30, 2020 by Andrew Minalto - 8 Comments
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.