There is no one bullet-proof solution, but if you engage in retail arbitrage (buying online or in-stores to resell on Amazon), you can dramatically reduce the risk.
See, as Amazon Sellers, we tend to panic when we receive brand "takedown notices", "Policy Warnings", and more.
Luckily, there is an inexpensive tool that can protect you...[click to continue…]
In February 2020 I sent out an email to my subscribers - mostly Amazon sellers - asking them about their current challenges with their online business.
Ed. Note: Many of my readers worry about keeping their Amazon account safe when their virtual assistants have access to it. So I contacted Matt Harrison, VP of Strategy of FreeeUp, to write this guest post. I have personally relied on FreeeUp for finding trusted, cost-effective, talented virtual assistants for my business. This guest article has some direct, tactical tips on ensuring your Amazon account stays secure.
Matt Harrison, VP of Strategy, Freeeup
Keeping your Amazon account safe is a top concern from Amazon FBA sellers. It’s not difficult to do when you are the only one who accesses it. When you start outsourcing work, however, keeping your Amazon account safe becomes something that you need to pay more attention to.
Hiring anyone to help you with your Amazon account means that you’ll have to give them access. There’s no way around it. But there are ways to minimize the risk that this can bring to your business. We know that it can be technically challenging to get this set up if you’ve never done it before. This is why we have put together this simple step-by-step guide.
You can grant access easily without worrying about allowing someone you don’t know into your account.
There is nothing you can do to bring the risk factor down to zero when granting Amazon account access. You can prevent many issues, however, if you follow these three steps.[click to continue…]
Ed note: You asked me for help with sourcing profitable, replenishable products for your Amazon business. Below is my review of The Wholesale Formula for Amazon Sellers.
New Review for 2020
You're here because you're asking "Should I get The Wholesale Formula to start or grow my Amazon business?"
The Wholesale Formula Enrollment is Feb. 10 - 13, 2020 here.
The Wholesale Formula ("TWF") is a proven blueprint/system for sourcing and selling wholesale products profitably on Amazon. Its founders Dan Meadors and Dylan Frost (above) have sold over $25M in wholesale products on Amazon. (Full disclosure: I'm an affiliate partner of TWF, so I may be compensated if you purchase it).[click to continue…]
The Wholesale Formula is expected to open its 2020 enrollment during its live webinar on 2/9/20, 8PM EST.
If you're ready to take that leap into freedom with a real, sustainable Amazon business, now is the time as The Wholesale Formula won't open to the public again until 2021.
00:12:03 - Sourcing products in stores ("Retail arbitrage") has gotten a lot harder.
00:12:25 - "If we didn't transition out of Retail Arbitrage, Amazon would have eaten us up and we'd have to go get 'real jobs'."
00:13:35 - "We source products the way Amazon wants us to - it's the same way they do it too."
00:14:00 - How any Amazon seller can start sourcing wholesale today.
00:16:20 - How Dan and Dylan use "Reverse Sourcing" to find the best products to source, and then build a relationship directly with the brand or manufacturer. (More on this in their Free Workshop: http://TWFWorkshop.com)
00:19:00 - No warehouse needed! Dan & Dylan have their products sent right from the manufacturer, into Amazon FBA warehouses
00:19:50 - 99% of Sellers Sourcing Wholesale are doing it wrong, and here's why it doesn't work
00:24:00 - The simplicity of providing value to a supplier you want to source from.
00:27:00 - Amazon wants MORE 3rd party sellers because there is more profit for them (vs. them buying and carrying the product themselves.
00:31:00 - Why critics who say "Amazon has too many sellers" are WRONG.
Let me know what you think. Remember Dan and Dylan will show you their business model in their free workshop Jan. 30 - Feb. 13, 2020. Get access here: TWFWorkshop.com
Sellers who want wholesale products can fall into this trap.
(Breathe a sigh of relief because it's easy to spot. I'll show you now.)
Typically, a seller will 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. Example: