Project Life Mastery https://projectlifemastery.com Wed, 05 Jan 2022 09:05:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://projectlifemastery.com/wp-content/uploads/project-life-mastery-favicon.ico Project Life Mastery https://projectlifemastery.com 32 32 5 Ways To Make Money On Amazon https://projectlifemastery.com/5-ways-to-make-money-on-amazon/ https://projectlifemastery.com/5-ways-to-make-money-on-amazon/#respond Mon, 16 Aug 2021 18:00:26 +0000 https://projectlifemastery.com/?p=13345 Amazon dominates eCommerce, making it possible for ANYONE to sell on their platform. Ready to discover 5 ways to make money on Amazon? Click here for more!

The post 5 Ways To Make Money On Amazon appeared first on Project Life Mastery.

]]>

Do you want to make money on Amazon but don't know? You'll want to read this.

Both Tatiana and I have had a lot of success using various business models on Amazon. In this blog, we share 5 ways that you can make money on Amazon.

We talk in-depth about each of these 5 Amazon business models so that you can decide which is the best for you.

More importantly, we tell you exactly what it takes to get started with each of them.

If you're ready to make money on Amazon and build your dream lifestyle, keep reading!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/2c18c16d-0425-4e6e-bb9f-7ec6c6212935/stream.mp3″ background=”default” ]

Do you want to know how you can achieve your first $10,000 month with Amazon FBA? CLICK HERE to get instant access to my FREE Amazon FBA video training series! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Are you ready to get your slice of the Amazon pie?

Amazon has provided an incredible opportunity to make money on its platform. The pandemic has accelerated the growth of Amazon's marketplace. Today, shopping online has become the norm. Amazon is fast becoming the largest U.S. retailer in the world.

Analysts project that Amazon's overall revenue for 2022 will be $580.2 BILLION. If you've been wondering if now is the best time to start selling on Amazon, let these numbers be your proof that it is!

Some of the business models are more lucrative than others. Nevertheless, all 5 models can make you money online. Let's dive in!

1. Private Labeling 

When you private label a product, you're simply putting your brand name and logo on it. With private labeling, you're not inventing a new product to sell on Amazon. Rather, you're researching to determine which products are already selling well on Amazon.

Once you've decided on a product that you want to sell, you want to look for a manufacturer, locally or internationally, that is already producing that product. When working with a manufacturer, you will need to determine your ordering quantity.

Most suppliers have a minimum order quantity (MOQ). Depending on the number of units that you buy, you can negotiate the price with the supplier. Once you have placed your order with the supplier, you ship your products to an Amazon fulfillment center. You can find these centers all over the U.S., as well as internationally. Amazon fulfillment centers will then pick, pack and ship your products for you, at a price.

Private label selling is a hands-off process because you're doing a lot of the work from your computer. In reality, you don't even have to touch the product. Once you set up your Amazon listing, you can start selling and generate sales!

Amazon knows when an order has been placed for your product and they ship it to the customer. What's amazing about private labeling products is that you can buy them at a discounted rate and sell them at a higher price.

Typically, the profit margins are 30% and higher. What we love about private labeling is that you get to build your brand. When you're building a brand, you're building an asset. You can earn a big payday in the future if you decide to sell your brand. This is the model that Tatiana followed.

She built a 7-figure Amazon business by private labeling products from China. At one point, she made $500,000 in sales in ONE month. Recently, she sold that business. Her story is proof that private labeling is the most lucrative opportunity on Amazon.

If you want to learn Tatiana's best tips and strategies for building an eCommerce business on Amazon, I highly recommend that you subscribe to her YouTube channel. Similarly, if you want to dive deeper into the Amazon FBA process, check out my Amazon FBA YouTube playlist.

2. Amazon Book Publishing 

Amazon book publishing is an inexpensive and newbie-friendly business model. First, you need to sign up for an account on Amazon's self-publishing platform, called Kindle Direct Publishing (KDP).

On this platform, you can publish a Kindle book or a paperback version. They have another platform called ACX, which allows you to publish an audiobook version.

You can either write your book or hire a ghostwriter to write it for you. We highly recommend browsing for writers via Upwork. If you take the ghostwriting route, keep in mind that you still own the rights to your book. You can publish it under your name, a pseudo name, or a pen name.

Also, you'll need a book cover. You can design it on your own or you can hire someone fairly inexpensively on Fiverr to do it for you. Once your book is published on Amazon, you can utilize Amazon's search engine and its advertising platform.

Of course, you also have the option of marketing your book outside of Amazon. The one challenge with Amazon book publishing is that it's harder to scale because you're selling a low-ticket product. However, you can still make a couple of $1,000 per month in passive income.

This FREE training video that I created reveals how you can create a $10k month in passive income with Amazon book publishing.

Also, I created a course called Mastering Book Publishing that shares my step-by-step system for how you can make money from home publishing books on Amazon. If you want to learn more about how book publishing works, check out my Amazon Book Publishing YouTube playlist.

3. Reverse Sourcing Wholesale

With reverse sourcing wholesale, you are selling someone else's brand. The benefit of this business model is that you don't have to financially invest as much as you do with private labeling. To understand this business model, you have to understand how traditional wholesale works.

With traditional wholesale, you find a manufacturer, at which point they send you their catalog. Your job is to choose several products that you want to sell and place your order. The challenge with traditional wholesale is that you don't know if those products are going to sell.

Reverse sourcing wholesale does the opposite. It involves doing research on Amazon and finding products that are already selling well, or that have the potential to sell well. Once you find a product that you want to sell, you want to contact the manufacturer or brand owner.

You want to ask them if you can buy their products at a wholesale price and sell them on Amazon. This business model is risk-free, which is why it's a great way to get started selling on Amazon.

You don't even have to create your own Amazon listing. Rather, you just have to piggyback on what an Amazon seller has already created. Keep in mind that if you want to be successful with this model you have to contact A LOT of brand owners.

You've got to have a compelling reason as to why you want to sell their brand. The goal is to add value. This may look like helping brand owners build their social proof on Amazon or improve the quality of their listing.

Eventually, someone will say yes. However, it will take time and patience. Currently, Tatiana and I are learning how this business model works from Dylan Frost and Dan Meadors.

They are the founders of The Wholesale Formula Method. They have made $30 million in Amazon sales with reverse sourcing wholesale, proving that there is a lot of money to be made with this business model.

4. Amazon Affiliate Marketing 

Amazon has an affiliate program called Amazon Associates. Anyone can join. However, to be approved, you need to have a website. If you don't have a website yet, it is fairly easy to set one up.

Once you get approved for Amazon's affiliate program, you can earn an affiliate commission by promoting ANY product on Amazon. When people click on your affiliate link and purchase a product through you, you will earn an affiliate commission from it.

Unfortunately, the downfall with this business model is that affiliate commissions are quite low. Usually less than 5%. However, if you're promoting high-ticket products on Amazon, like TVs or jewelry, your commissions will be higher.

Also, with Amazon affiliate marketing, you need to get your own traffic. This means that you may have to set up a blog, write articles and learn how to attract people to your blog. Alternatively, you could promote Amazon products on a YouTube channel.

If you want to achieve success with affiliate marketing, you must learn how Internet marketing works. The great thing about Amazon Affiliate Marketing is that it complements any of the other business models.

If you're building a brand, you can recommend other similar products that complement yours, and be an affiliate for those as well. Oftentimes, Amazon Associates is used for people who are already selling on Amazon, whether that's through private labeling or books.

You can be an affiliate for your products. This is a great way to make some additional money. More importantly, it helps you set up tracking links to see where your Amazon sales are coming from. If you want to learn more about affiliate marketing, sign up for my FREE Affiliate Marketing Masterclass or check out my Affiliate Marketing YouTube playlist.

5. Retail Arbitrage

Retail arbitrage involves buying products at a discount from garage sales or thrift stores and reselling them online for a profit.

Amazon has an Amazon Sellers app where you can scan barcodes to see how many products are selling on Amazon. This will help you determine what your estimated profit would be if you bought a product at a certain price.

The challenge with his model is that you've got to hustle. There are no guarantees. However, it is a good way to make some extra cash.

A more scalable route is online arbitrage. It's similar to retail arbitrage except that you're doing it online. This involves going to websites like Walmart.com and looking for items in the clearance or sales section.

You want to determine how much profit you could make if you were to buy a product at a discounted price and sell it on Amazon at the full price. If the profit is significant enough, you can buy a certain number of units of that product on Walmart.com. From there, you would ship those products to an Amazon fulfillment center and sell them on Amazon for a profit.

This business model can be time-consuming, but it's a great side hustle if you're committed to it.

These are 5 proven ways to make money on Amazon.

If you want to create financial freedom, Tatiana and I both recommend that you pursue private labeling. Reverse sourcing wholesale is also a lucrative option. At the end of the day, you need to decide which model suits you best.

Whichever option you pursue, don't wait one day longer. Millions of people are making money on Amazon. It's time for you to take action and join them!

Do you want to know how you can achieve your first $10,000 month with Amazon FBA? CLICK HERE to get instant access to my FREE Amazon FBA video training series! 

The post 5 Ways To Make Money On Amazon appeared first on Project Life Mastery.

]]>
https://projectlifemastery.com/5-ways-to-make-money-on-amazon/feed/ 0
How To Make Money On Amazon In 2022 https://projectlifemastery.com/make-money-on-amazon/ https://projectlifemastery.com/make-money-on-amazon/#respond Sat, 26 Jan 2019 16:02:41 +0000 https://projectlifemastery.com/?p=9520 Amazon has become one of the world’s largest retailers. Do you want to learn four ways that you can make money on Amazon in 2022? Click here to learn more!

The post How To Make Money On Amazon In 2022 appeared first on Project Life Mastery.

]]>

I have created a new and improved version of K Money Mastery which is called, Mastering Book Publishing!

If you want to make money on Amazon in 2022, you aren't alone.

Amazon has become the one-stop-shop for peoples' shopping needs, which means that the opportunity to successfully sell on Amazon has never been greater.

According to the National Retail Federation, Amazon has become one of the world’s largest retailers and is now competing with some of the biggest shopping malls, like Walmart.

I'm going to share with you four proven models for how to make money on Amazon. Are you ready to learn which models are most worth pursuing?

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”http://www.buzzsprout.com/9299/936536-plm-648-how-to-make-money-on-amazon-in-2019.mp3″ background=”default” ]

Subscribe to itunes and learn more about Amazon FBA

Do you want my proven step-by-step system for publishing books on Amazon? CLICK HERE to purchase my new and improved Mastering Book Publishing course!

Do you want to sell on Amazon FBA in 2022? CLICK HERE to get instant access to my FREE Amazon FBA Training!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Amazon is one of the biggest companies in the world.

By selling products on Amazon, you are taking advantage of their powerful web traffic. They literally have hundreds of millions of customers on their website and continue to grow exponentially. Even better, they are now carving out a name for themselves in the international marketplace.

I believe that selling on Amazon is one of the best ways to get started making money online. It provides a platform upon which you can branch-off and build your own online brand. Here are four ways that you can make money on Amazon in 2021.

1. Amazon FBA 

Amazon FBA stands for fulfillment by Amazon, meaning that you are selling physical products on Amazon. If you go to Amazon.com, most of the products are physical. You too can sell any product that you want on Amazon. However, there are certain products that will do better than others.

When it comes to selling physical products, the method for success is to do what is called “private labeling.” This means that you find a product in a certain niche that has high demand and that you are want to build your business around. This could be yoga, outdoor, kitchenware, self-development, etc.

You want to do research on Amazon in order to identify what is selling well. In order to do this, I encourage you to look at the Amazon Best Seller Ranking. From there, you need to find a supplier or manufacturer, via a website like Alibaba.com, that is already making a product that you want to sell. You then put your own logo or packaging on that product and sell it on Amazon under your brand name.

Once your product is ready to sell, you ship it to one of Amazon's fulfillment centers. These centers store products for Amazon sellers. They are responsible for handling all of the shipping and logistics for you. All you have to do is set up your Amazon listing and market your product. Amazon FBA takes care of the rest. This is the most common and popular way of making money on Amazon.

The biggest pro of this business model is its scalability of it. I know people that are making 6 figures, per year, selling on Amazon. When you first start selling on Amazon the first thing that you need to do is decide which marketplace you want to sell your products in. Amazon.com is the biggest marketplace, followed by Amazon.co.uk, Amazon Germany, Canada, Australia, etc. When it comes to selling on Amazon, you can sell anywhere. 

It doesn't matter where you live. Let's say that you want to sell in the U.S. It will require that you ship your inventory from your manufacturer to Amazon's warehouse in the U.S. However, when your product and inventory are in the U.S., you can't sell them globally.

That's why it's important to choose one marketplace, create success there and then expand internationally. You can start your Amazon business in Canada or the UK. Those will be smaller markets with less potential, but that also means less competition, which can bring greater opportunities as well. 

The biggest con of selling on Amazon is that it costs money to invest in inventory. With any business, there will be a startup cost. If you can't afford to start a business, I don't know if entrepreneurship is the right path for you. It's important to remember that a business won't provide you with long-term income right away. It takes about 3 months to launch a physical product on Amazon.

Amazon is a more complex business model, which is why I recommend that you get a great course that can guide you, step-by-step, on how to successfully sell on Amazon. However, once you get a product live and do the work to market it, you can experience amazing success. You can launch multiple products, go more international, or go off of Amazon and build your own e-commerce store through Shopify or Woocommerce.

If you want to learn more about Amazon FBA, I encourage you to subscribe to my YouTube channel where I have a lot of videos that dive deeper into this business model.

2. Book Publishing 

What a lot of people don't realize is that Amazon started off as an online bookstore. Amazon has wiped out a lot of the local retail bookstores because people are now buying books on Amazon. Publishing books is a great way to make money on Amazon.

There are 3 different ways you can do this – Kindle publishing, paperback, or audiobooks. The reason why publishing is a great opportunity is that there are many niches that you can publish and sell books in. I'm a big fan of non-fiction books because they solve specific problems for people. On the backend, the opportunity to make money is greater with nonfiction versus fiction books.

Publishing books on Amazon is an easy and inexpensive way to make money. The only investment that you need to make is the creation of a book cover, which you can get for as low as $5-10. I recommend hiring someone via Fiverr.com.

Secondly, it's important to realize that you don't have to be a writer in order to publish books on Amazon. If you want to write your own book, go ahead! However, you can also hire a ghostwriter to do the heavy lifting for you. You need to realize that the way you make money on Amazon is as a publisher, not as a writer. You pay someone upfront to write your book, but you own the rights to the content and receive the profits that you make from the sales. 

I recommend that your first book be a short read. When you are first starting out, the goal isn't to make money. Rather, it's an opportunity for you to test out the market and make sure that there is a demand for your book. Once you have this knowledge, you can go back and improve it. This is a smart way of mitigating risk. Once you publish your book, within 24 hours, your book is live on Amazon. 

One con of this model is that the potential to make money isn't as great as it is to sell physical products on Amazon. For example, I know Amazon sellers that are making $1-10 million per year, whereas successful Kindle publishers are mostly making $10-50,000 per year. It can also be more challenging to differentiate yourself with books, which is why you need to market and promote them more.

One great benefit of the Kindle publishing model is that it provides you with an opportunity to be a loss leader. This is a product or service that is sold or offered in order to attract new customers or to sell additional products. You can use a book to presell or upsell a product.

Let's say that you have a video training program that you want to promote that aligns with the content of your book. At the end of your eBook, you could have a call to action that promotes your course, which in turn, will allow you to create more leads to your products or services.

If you publish a Kindle book, you can sell it for anywhere from .99 cents to $10. If it's a paperback book, you can sell it for $20-30. However, the real money is made on the backend. You could also use your eBook to funnel people into an email list. Once they are on your email list, you can then promote other peoples' products as an affiliate.

3. Affiliate Marketing

Amazon has its own affiliate program called “Amazon Associates” that you can join for free. This gives you the ability to promote or sell any product on Amazon and earn a commission from doing so. Once you are set up, you can do a search inside of Amazon Associates for any product that you want to promote. 

One of the benefits of this model is that people aren't skeptical about buying from Amazon because they have created trust with people. Thus, the conversion rate of the products is really high.

Secondly, when someone clicks on your affiliate link, you make a commission from any additional products that they add to their shopping cart. However, the downside to this is that this opportunity only exists within a 24-hour window of time.

Another con of this model is that you don't get much of a commission from being an Amazon Associates affiliate. You only make about 3-5% in commissions. The only way to make good money from this business model is if you do affiliate marketing for high-ticket products, meaning those that sell for $1,000 or more. That is when it can really add up. I know a few people that are making 6 figures from doing this, but it's rare.

4. Retail Arbitrage 

Retail arbitrage is all about re-selling products on Amazon. For example, let's say that you go to Walmart and you see a yoga mat that's on sale for $20. You can scan that same yoga mat onto your Amazon app and find out how much that it is selling for on Amazon. If it's only selling for $40 on Amazon, you can buy it, keep it in the packaging, ship it to Amazon's fulfillment centers, and re-sell it on Amazon underneath that product's listing. If people buy it at that price point ($40), you just made a $20 profit, minus the shipping costs.

You can do OK with this model, but you won't make a significant amount of money. This one involves trading your time for money, whereas the other models are more passive and scalable.

The Best Ways To Make Money On Amazon in 2022

Of the four models, the ones that I see having the greatest potential to make money from would be selling physical products on Amazon FBA and/or publishing books on Amazon.

To really succeed at these models, it will require more than just putting up a product on Amazon or publishing a book. Just because your product is on Amazon, it doesn't mean that it has any credibility yet. Amazon is a search engine. If your product is brand new and you don't have any reviews or sales to back it up, your product won't show up when people search for it.

It's your job to promote your product. For example, you could promote your Amazon listing by leveraging Facebook. You could create a group that will help you build a community around the niche that your product is in. Similarly, you could run Facebook ads that funnel into your product.

On another note, you could find influencers who could promote your product on their YouTube channel or Instagram page. Doing so will allow you to tap into a whole new target audience.

The exact same thing goes for promoting and marketing your book. I believe that blogging and SEO make the most sense because you are selling something that someone is reading. If you can create a blog and write high-quality content, people will be more likely to buy your book because they are already getting value from you. The focus is on creating traffic and attracting people to you.

I would recommend that you think about how you can make both of the models work together. Again, decide on the niche and market. For example, if you are going to sell yoga mats, sell yoga books. Have them cross-promote one another.

More importantly, look at doing affiliate marketing on the backend all around the same niche and market, all through leveraging the power of Amazon. You want to build a Parthenon, not just a one-legged stool. When you have multiple streams of income, your business will be more secure.

Are you ready to make money on Amazon in 2022?

There has never been a better time to build a business, make passive income, and achieve financial freedom. Now that you've got the information about how to do this, you've got to apply what you have learned. Which Amazon business model will you take action with?

Do you want my proven step-by-step system for publishing books on Amazon? CLICK HERE to purchase my new and improved Mastering Book Publishing course!

Do you want to sell on Amazon FBA in 2022? CLICK HERE to get instant access to my FREE Amazon FBA Training!

The post How To Make Money On Amazon In 2022 appeared first on Project Life Mastery.

]]>
https://projectlifemastery.com/make-money-on-amazon/feed/ 0
$1,000,000 on Amazon in only 9 months? (Insanely Powerful Tools for Amazon Sellers) https://projectlifemastery.com/1000000-on-amazon/ https://projectlifemastery.com/1000000-on-amazon/#respond Mon, 04 Jun 2018 21:29:34 +0000 https://projectlifemastery.com/?p=8032 Can you imagine making $1,000,000 on Amazon in 9 months? Learn how you can become a successful Amazon seller. This is an interview you don't want to miss!

The post $1,000,000 on Amazon in only 9 months? (Insanely Powerful Tools for Amazon Sellers) appeared first on Project Life Mastery.

]]>

How would it feel to make $1,000,000 on Amazon in only 9 months?

That’s exactly what Manny Coats did! While I was at the Amazing Selling Machine event this past year, I had the pleasure of interviewing Manny, who is the Founder of the AMPM Podcast.

Manny is a super successful Amazon seller, who made $1,000,000 on Amazon in his first year of business. Since then, he has gone on to create a software company, called Helium 10. This software suite contains over a dozen insanely powerful Amazon SEO tools that are designed to help Amazon sellers grow their online businesses.

If you have a desire to start selling on Amazon, Manny’s story will inspire you to do so. Are you ready to learn how you can make $1,000,000 on Amazon? This is an interview that you don’t want to miss!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/719722-plm-577-1-000-000-on-amazon-in-only-9-months-insanely-powerful-tools-for-amazon-sellers.mp3″ background=”default” ]

Want to maximize the power of your Amazon product? CLICK HERE to get started with Helium 10! Use the code MASTERYFREE to get 10% off every month & 7 days FREE!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

How would making $1,000,000 on Amazon change your life?

Do you want to share with people a little bit about your story?

It's a long story. I started out in Finance and I hated it. The fun part of it was trying to break goals at the company, and I consistently did that. I was pretty valuable to the company, but at some point, I wanted to travel more and do things that I wouldn't be able to afford on the salary that I had with that particular business. I decided to go off on my own. This was back in the late 90s.

I started a physical products business related to working out. It was a protein powder company. At the same time, I also started TwistedHumor.com, which was a humor site, and back then it was super simple to get a website domain.

My protein company ended up failing, but TwistedHumor.com ended up becoming the largest humor site in the world for a couple of years, until the .com bubble burst.

I then went through a variety of online businesses, which eventually lead to mobile games a few years back. From there, the market started to get crazy competitive. You started to need really big budgets in order to compete with the big companies that were out there. I dabbled a little bit in Amazon, and I knew somebody who is now my business partner, who had also dabbled in it.

We tried it out, it did really well in the first two weeks, and then we said, “Let's go full speed with this.” In December of 2015, we started the AMPM Podcast, an Amazon FBA business, and then everything exploded from there.

When you first started on Amazon did you know what you were doing, or did you go through ASM initially?

Yes and no. My first product failed. I didn’t know what I was doing. The ASM course was closed, so I couldn't get into that. I decided to learn everything on my own. My first product was more of a passion product. It did okay. I ended up using that product as a test bed to test keyword strategies and different things, instead of using it on my main product.

To answer your question, there are two things that I came in with that gave me a really big advantage over other people. The first thing was that I had a software team in place, so I started creating tools that eventually became the software platform that we use now. The other thing was the keyword strategy that I was using on mobile games, which was very similar to Amazon.

With mobile games, you have your title, bullet points, descriptions, backend keywords, and then Amazon just takes it one step further.

With mobile, you have localization for like 20 different countries which with Amazon, unless you are selling in those countries, you don't need to do. I just applied that, and immediately I started to see insane rankings that my competitors were not seeing.

You mentioned that your first product failed. What mistakes did you make, and how did you prevent against that when you launched your second product?

With my first product, I was a newbie Amazon seller, so I was still learning how to write copy correctly. I was doing the keyword part pretty well, but I think what's really important with a listing is your imagery, and mine was okay. It wasn't bad, but it wasn't great. I could get people to come to my page, but I couldn't close them. The conversions weren't there, and people would see other products that had better imagery and better pricing than mine did.

Amazon also had a 3-foot drop test for every product, in order to make sure that they didn’t break if they dropped. I remember dropping my product and seeing pieces of it go everywhere. I had to redo everything before Amazon closed that product.

However, with my second product, I went all in with the photography, videos, and reviews. Everything was set up correctly.

Is there a certain criterion that you follow when you look at a product that you are going to launch on Amazon?

I do it a few different ways. I try not to get into a market where every single product has 5,000 reviews. I think that's setting yourself up for a really steep hill to climb. I'll look take a look at the top keywords, and if there is a product that I'm interested in, I'll figure out how many sales I think I need to get for a specific keyword in order to out-rank that product for that particular keyword phrase.

A lot of people think, “Oh man, I've got to outrank this product, in general.”

They go on a site like Jungle Scout to see how many sales a product has, and they soon realize that they can't compete with it. Well, if you want a piece of that pie, all you have to do is beat your competitors, using a pretty significant keyword phrase, and then get sales from that. You can still generate a 6-7-figure Amazon business based off of that strategy.

How do you typically launch your product on Amazon? Is there anything that you do in order to rank your product high, right off the gate?

There are legitimate services out there that you can use that will help you get your product ranked. People will say to us, “I get to the #1 spot and then I start falling”. If you are using services for a specific keyword, and you are in the #1 spot and are displacing everybody, ask yourself, “Who am I displacing, what does their main image look like, and what are their price points?”

If your product is there and you asked ten people, “Would you buy this product over the other 15 products on the first page?” and they say, “No, I would buy this one because it is $10 cheaper or because of this image”, then you are going to fall down in the ranks.

When you are launching your product, you need to make sure that your price point is going to be as good or better than the other people on that page.

I always do a giveaway as well. For keyword phrases, I'll pick the top 10 and figure out how many I need to give away. Then I'll do an 80-90% discount, where I will give away enough units during one week in order to actually rank to the #1 or #2 spot for that keyword phrase. To get to #1, you have to be out-selling everyone for a keyword phrase.

A great side effect of it all is that you will oftentimes get the best seller badge from Amazon for that particular product if you are driving enough traffic to Amazon.

Sometimes you'll even get the Amazon choice badge for that specific keyword phrase, so either one of those gives you that super social proof from Amazon that tells consumers that your product must be really good if it's Amazon’s choice.

People think, “Wow, Amazon is saying that this should be the product that I buy on the search term.” A lot of people think it's per product, but it's per keyword phrase for the Amazon choice badge. If you get those, your sales will jump through the roof.

You mentioned that you guys develop software. I know that one is called Helium 10. Can you share with people a little bit about that software and how it helps Amazon sellers?

Helium 10 started from our mobile site. Alongside some developers, we created some tools that I wanted, that I didn't see on the market. Or, if they were on the market, they didn't do what I wanted.

I think a lot of people do this now. They will get a keyword tool and then they need an optimization tool and something that tracks, and then they need a hijacker tool, and they end up jumping all over the place.

I said, “I want one place where I can do everything, and if I do keyword research and I click a button, it then moves into some kind of keyword clean-up tool, and then I click a button and it moves everything into an optimization tool for Amazon, specifically.”

We created that and because we have the podcast, people kept asking, “What tools do you use?” I would recommend other tools, but I would also say that we use our own, and eventually, we found that a lot of people wanted our tools.

We didn't know that our podcast would grow to the size that it has today. We worked on our business for 6 months, released it, and it's been on the market for one year now and is available to everybody. We've got 10 tools in there currently and it's growing.

What would you say are some of the top tools that people can use?

About half of the tools that we offer are free. Scribbles is is an Amazon keyword listing optimization tool that assists Amazon sellers with adding more valuable keywords to product titles, descriptions, and more. When you use this tool, you can be sure that you’ve optimized everything.

We have a keyword research tool called Magnet, and one of our most popular tools is called Refund Genie. If you are already selling on Amazon, you know that Amazon loses products, and they don't tell you about it unless you dig deep into your reports.

With our tool, it is free to check and see how much money that Amazon owes you. Then, if you want to have a system in place that creates the files, our tool does it for you automatically. Some people get back $20-30,000 dollars back from Amazon.

It sounds like you guys really focus on optimization. Can you talk about why this is so important?

We have a tool that was created specifically for this, called 5K Checker because that's how many characters Amazon gives you on the back-end for your keywords. I tell everybody that at least once a month, you need to run something similar to our tool.

Basically, grab all of your backend keywords and check it against your Amazon Standard Identification Number (ASIN).

Our tool does this automatically. It does 4 hours worth of work in seconds. Don't forget to do the front-end as well. A lot of people don't do this. They will check and see if they are indexed by their title and their bullet points, and then in the next month, Amazon will change something, and they will no longer be indexed.

See if you are de-indexed for specific keywords because Amazon will de-index you for stuff. You may notice that a search phrase that is super awesome is not even showing up on Amazon. For example, you could take that and move it from your description to your bullet points.

It's a constant game of tweaking things and making them better. If you do this, you will see your sales either stay steady or continue to grow.

Do you have any final advice for someone who wants to grow an Amazon business?

You don't need the perfect product to start. I didn't have one, and you also don't have to be passionate about the product at the onset. If you are passionate about it, that's cool because you will know about it. However, it's not necessary.

Just launch, get going, and don't go too wide at the onset. That was one of my problems after my first failed product. If you have one product, you only have to deal with one of everything. When you have 4-5 products, you have to deal with way too many things. It multiplies your work tenfold.

If you are just starting out it could become a nightmare, especially if you are working on your business part-time and are in the process of transitioning from your day-job to your full-time Amazon business.

Start with one product, learn the process, and figure out how things work. You can read all about how to build an Amazon business, but until you actually do it and make the mistakes you don't know.

This is how Manny made $1,000,000 on Amazon in only 9 months!

I hope his story has inspired you to start building an Amazon business. If you have the desire to create financial freedom for yourself, there is no better place than Amazon to get started.

I encourage you to check out Manny's website, Helium 10, where you can find all of his insanely powerful tools for Amazon sellers. Manny and his team have graciously put together a bonus for my audience. If you head on over to their website and type in the coupon code, MASTERY, you will get a 10% discount on their products!

Take action and start creating a business that will give you a freedom lifestyle, where you can be your own boss, travel the world and, spend more time doing the things that you are passionate about with the people that you love. Are you ready to build the foundation for an online business that could transform your entire life?

Want to maximize the power of your Amazon product? CLICK HERE to get started with Helium 10! Use the code MASTERYFREE to get 10% off every month & 7 days FREE!

The post $1,000,000 on Amazon in only 9 months? (Insanely Powerful Tools for Amazon Sellers) appeared first on Project Life Mastery.

]]>
https://projectlifemastery.com/1000000-on-amazon/feed/ 0
Selling Books On Amazon: 5 Tips Every Author Should Know https://projectlifemastery.com/selling-books-on-amazon/ https://projectlifemastery.com/selling-books-on-amazon/#respond Tue, 23 Jan 2018 18:06:25 +0000 http://projectlifemastery.com/?p=7727 Best-selling authors have a strategy for success. Are you ready to learn 5 tips for how to make money selling books on Amazon? Click here to learn more!

The post Selling Books On Amazon: 5 Tips Every Author Should Know appeared first on Project Life Mastery.

]]>

Selling books on Amazon has never been so easy. While it may take traditional publishers a year or more to get their writing converted into print, in today's digital age, you can publish an eBook online, in 24 hours or less.

Otherwise referred to as “the Kindle effect,” the rise of the $1 billion dollar self-publishing industry has become a global phenomenon, proving that it is here to stay. However, just because there is potential to make money selling books on Amazon, that doesn't mean that it's a walk in the park.

There are a lot of variables that need to be taken into consideration in order to achieve success online. More importantly, the challenge still remains – how do you find an audience who will actually read your book?

Are you ready to learn 5 tips that every author should know about selling books on Amazon?

Do you want my proven step-by-step system for publishing books on Amazon? CLICK HERE to purchase my new and improved Mastering Book Publishing course!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Selling books on Amazon isn't for the faint of heart.

When it comes to selling books on Amazon, a lot of people fall into the dabbler mentality, thinking that it's an easy thing to do. This is the wrong mindset to have.

Selling books on Amazon is a business. It's not just about writing something and then publishing it online. That's only the first step. It takes hard work, commitment, time, patience, and a winning strategy. If you want to outshine your competition, you need to go above and beyond.

It all starts with creating a roadmap for success. Here are 5 tips to follow if you want to become a best-selling superstar.

1. Study Best-Selling Authors In Your Niche

I am a firm believer that if you want to be the best, you need to learn from the best. A great way to figure out how to create a best-selling eBook is to study the people who have already been successful in your niche of interest.

Take an online Kindle course, buy books, watch YouTube videos, or read articles. Do anything that involves investing in yourself, so that you are armed with the knowledge that will allow you to accelerate your success.

Similarly, I also suggest that you research other books in your niche that you will be competing with. Don't copy what they have done. Rather, analyze their strategy, read their reviews, and take notes. Get curious and ask yourself, “How can I stand out and make my book better than those of my competitors?”

Don't forget that Kindle publishing is a business, and like any business, the goal is to research your target market, provide massive value, and create a product that provides a solution to their problems.

2. Don't Write What Feels Good To You

When it comes to writing eBooks, don't write what feels good to you. Just because you want to write about cooking, doesn't necessarily mean that this is a popular niche. If you take this approach, you will waste your time and money.

This is why it's so important to do your market research and find out what is selling. What are people in your niche of interest looking for? What are their pain points and greatest desires?

In order to get a better idea of which niches are going to be the most profitable, I suggest that you check out Amazon's Best Sellers list. Or, if you wanted to spend some money, you could invest in the Kindle Spy software, which identifies the best-selling niches for you.

3. Quality, Not Quantity

In today's busy world, people don't have the same attention span that they used to. Readers want and expect cutting-edge content that provides them with tangible solutions to their problems. In the beginning stages, it's not about how many books you can sell. Rather, it's about positioning yourself as a credible writer.

Take the time to write a winning piece of content because it will pay off in the long run. Benjamin Franklin said it best, “Either write something worth reading, or do something worth writing.”

4. Become A Master At Marketing

Just because you published a book on Amazon, doesn't necessarily mean that anyone is going to see it. According to Forbes, there are between 600,000 and 1,000,000 books that are published every year. With competition like this, you need to find a way to stand out from the crowd.

Unfortunately, a lot of authors don't start marketing until after their book has been published, but this is too late. How do you expect to sell any eBooks if you don't have an audience?

Writing your book is only the first step in the process. I suggest that you create a marketing plan in advance, which may include giving away one of your books for free, using Facebook ads to promote your book, or start a blog and create pre-launch landing pages so that you can build up a solid email list.

5. Design A Killer eBook Cover

The old adage, “Don't judge a book by its cover” doesn't apply when it comes to publishing books on Amazon. Don't be stingy when designing your eBook cover. If it doesn't look professional, your book sales will take a direct hit.

The reality is that people are naturally drawn to visual imagery. This is supported by research by 3M that shows that visuals are processed 60,000 times faster than text. Make sure that your eBook cover represents what your potential customers can expect to find inside of your book.

Keep in mind that your end goal is to stand out from the crowd of millions of other authors that are also selling books on Amazon. I suggest that you invest some money and find a great designer on Fiverr that can help you create a killer eBook cover.

In closing, selling books on Amazon has never been so easy, but it's not for the faint of heart. The people who become massively successful are those that have created a winning selling strategy.

Kindle publishing is a profitable business model that, if executed correctly, has the potential to provide you with a passive income stream that can change your life forever. Not only that but becoming a successful author can dramatically increase your credibility, establishing you as a thought leader in your niche of interest.

I am living proof that this is true. I have created a thriving Kindle publishing business that makes me 6-figures of passive income, and so can you. Are you ready to become an eBook superstar? There is no better time than now.

Do you want my proven step-by-step system for publishing books on Amazon? CLICK HERE to purchase my new and improved Mastering Book Publishing course!

The post Selling Books On Amazon: 5 Tips Every Author Should Know appeared first on Project Life Mastery.

]]>
https://projectlifemastery.com/selling-books-on-amazon/feed/ 0