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The above pic is Dan & Eric from The Wholesale Formula. They sell $11M+ annually on Amazon

Dan & Eric from The Wholesale Formula  sell $11,00,000M+ annually on Amazon. Those profit #'s (above) are just for ONE pallet for ONE month.

For my Amazon business, I source products 3 ways (well, more than 3, but the major methods are):

  • Retail/online arbitrage
  • Private Label
  • Wholesale
Can you guess which two have been the more problematic these days?

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compare proven amazon course wholesale formula
A handful of folks are emailing me with: "Jordan, what's the difference between The Wholesale Formula and Jim Cockrum's Proven Wholesale Sourcing?"

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Your resource page for buying The Wholesale Formula

Best Wholesale course for Amazon sellers

The Wholesale Formula ("TWF") is a proven blueprint/system for sourcing and selling wholesale products profitably on Amazon. Its founders Dan Meadors and Eric Lambert have sold over $20M in wholesale products on Amazon. Enrollment is now closed. It is rumored to re-open in January 2019

You're probably here because you're asking "is The Wholesale Formula legitimate, and does it work?"

The short answer is "yes" and "yes". But perhaps you need more info. So I wrote this post for you. (Full disclosure: I'm an affiliate partner of TWF, so I may be compensated if you purchase it). [click to continue…]

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Beware Fake Wholesale

Buying wholesale

There's a big problem for eBay and Amazon sellers who want to buy wholesale. Typically, they'll go to google.com and type in “buy wholesale”, and they'll end up buying from one of the dozens of companies they see in the results (an example follows)

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Source products for Q4

                                        (She waited till October to source products for Q4. Don't do the same!)

Right now (Summer '18) is the time for you to start sourcing for products to resell Christmas/Q4 shopping season. This is whether you sell on Amazon or eBay (or anywhere else).

See, I get an influx of emails in October from sellers panicking because they waited too long.

By then, it's too late for most sellers to source products for the Holiday.  So I have some free help [click to continue…]

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I had to sell my shorts

selling used clothes on eBayOver the years, I've heard a lot of funny things from online sellers just starting out.

"I can't find anything to sell."

"eBay sucks."

"I don't have enough money to get started with selling online."

"Selling stuff takes too much time."

See, I don't 'have' to sell on eBay anymore. My income from everything else, [click to continue…]

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When Amazon “Coaching” Goes Horribly Wrong

Depositphotos_80666370_l-2015

Last Christmas, I told my readers that a company called FBA Stores* was being sued by both Amazon and The State of Washington for, among other alleged crimes, charging people up to $35,000 for bogus coaching on how to sell products on Amazon. Here's a copy of the Washington State civil suit, and the whopper from Amazon too.

When you thought it couldn't get any worse for FBA Stores, last month the Federal Trade Commission (FTC) charged them for running the alleged scam. (See the court documents here.) Their "F" grade from the Better Business Bureau (which also references the governments' actions against them) is equally scathing.

I had at least 3 readers contact me and say "Yeah, I paid them $30,000+ and got nothing, too." [click to continue…]

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Why Dropshipping sucks (and the mistakes I made)

Dropshipping amazon ebay

I get these inquiries all the time:

"Hi Jordan, I want to start dropshipping - you know, find an Amazon item online, post it on eBay at a higher price, then when its sold, I want to buy it from Amazon and ship it to the eBay buyer."

I'll cut to the chase: That business model is a crappy one. It's high risk, with typically razor-thin (or negative) profit margins, and eBay and Amazon will penalize or ban your seller account if you get caught (it's happened).

The reality is many sellers are doing that type of dropshipping (if you even want to call it that) anyway, because it's "easy." And in this business, when something is that easy, it's destined for failure.

There are other forms of dropshipping. But even those are generally high risk. [click to continue…]

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Is ‘coaching’ overpriced?

Ed. - Update 2/26/18 - Now Amazon itself offers coaching to sellers, which stars at a minimum of $700/month for 3 months. I don't know how good it is, so I can't offer specific advise on their coaching at this time.

Also: I've collected feedback from readers, and my notes over the years. There are two coaching services they and I trust. They are legit and very helpful to customers. I am an affiliate of each, so I may receive compensation if you decide to hire them: Jim Cockrum Coaching and Robyn Johnson Coaching. My readers tell me Jim Cockrum's coaching starts at approximately $3500, and if you hire a coach and you are not having success, you have the option to be reassigned to another coach at no additional charge. My readers tell me Robyn Johnson's coaching's fees are affordable.

Do you think coaching services are worth their $3,500-and-up investment? Amazon Coaching

By 'coaching' I mean this: Many of my peers - Trusetd Amazon experts not officially affiliated with Amazon - currently offer one-on-one Amazon or eBay seller help that runs (generally) $3,500 to $10,000.  He/she will spend a few hours a week with you (phone and web), for multiple weeks, hand-holding you during the selection or discovery of products to sell (via one or more methods like retail, wholesale, etc), where to look for products, how to buy, the entire listing and selling process, dealing with customer service issues, tracking your sales and profits, and growing your business.

Many of my readers have concerns with that coaching:

1.) They are not entirely sure there's a need. The 'nut' of what you're getting with coaching is hand-holding and step-by-step advice. But that's already accomplished to a great degree - albeit not a personalized one - with (for instance) the acclaimed Proven Amazon Course.

2.) Some think coaching can be overpriced. If I were to hire a coach for (say) $10,000, I think the coach should be doing everything for me for a short period (account sign-up, creating new products, finding me ideal products to sell, product listing, customer service, etc.) and then sending me videos/documents of all those recurring activities so I know exactly what to do after the coaching service ends. It seems most coaches don't offer that, to my knowledge.

3.) Because of #2, there can be a shortfall of expectations. I think clients of coaching may expect that by coughing up a large sum of money, that their success will be easy, fast and guaranteed. That's definitely not true. Even if you have the greatest Amazon coach, you still have to do the work. Selling on Amazon is a wonderful privilege, but it's not without its downfalls and it there are moments where you have to work very hard. But the pros of selling on Amazon far outweigh the cons, as it has generated tens of thousands of successful sellers (like myself) that now don't have to work a 'real' job.

I would LOVE to get some feedback from you, how do you feel about $3,500+ seller coaching? I want to be proven wrong.

-Jordan

P.S. The above is not intended as a slight to any current coaches out there.

P.P.S. Before you buy any coaching, you should ask for recentverifiable testimonials from previous customers. If the seller of the coaching denies you that, that's a reason to be concerned about the quality of the coaching you're about to buy.

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amazon reimbursements

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Updated 2/15/18: This sample snapshot shows $480 in reimbursements I got from Amazon in January 2018 alone, thanks to Karen Locker's Solutions4Ecommerce, who does all the legwork for me

Many sellers and I have been discovering that Amazon does not always reimburse you for any inventory they damage or lose. They're supposed to do reimbursements 'automatically' but there's a whole lot they can forget. Which is where you come in: you have to ask (=file a case with Amazon).

I've received reimbursements of over $3200 in just a couple months. That's from about 1 year's worth of lost/damaged/improperly reimbursed inventory. Those reimbursements are paid to me just like Amazon's regular payments. There have been reports of $250,000+ annual sellers being reimbursed $3,000 to $10,000 at a time. [click to continue…]

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  • Amazon refunded me $3200+ that I didn’t know about (updated 2/15/18)

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