In this episode of The Amazing Seller Podcast you'll hear how Tayson Whittaker took one unit of inventory and turned it into $6,000 per month. He proved the concept and then scaled up his inventory. He was on track to generate over $13,000 in revenue, if he could have kept inventory in stock. You'll hear how he plans to scale his business and what he would do if he was to start over again.
The takeaways from this show:
- 1. You Don't Need a Huge Budget To Start
- 2. Just List Something…FAST!
- 3. Use Aliexpress.com to Find and Source Test Products
- 4. Reinvest on Winners and Buy More Inventory to Scale
- 5. Do Your Best To Stay In Stock
- 6. Oversize Products Can Be an Advantage
- 7. Higher Priced Products Can Have Higher Margins and Less Competition
- 8. Just Get Started!!!
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Totally, you should offer mentoring sessions, of sell your course modules separately so everyone feel week in some area, they can get that module.
Hi Scott, I’m just curious as to how you get your ucp code on your items if it gets shipped directly to amazon. Do you get the supplier to individualy put the labels on the product with this method?
Thanks for all your hard work, it’s very much appreciated
Hey Darren, you would have who ever does the packaging print either the upc or fnsku directly onto the box (or at least put on with a sticker)
Hi Scott, thank you so much for all the hard work to share this great content
Just discovered your blog and podcast
I’m in my early 30s and starting to think about quitting corporate world to progressively transition into FBA entrepreneurship and fulfill my dream to becoming my own boss
Will study and certainly get inspiration from you and your amazing content
Thank you!
Thanks Scott! Keep up the great work! I have a quick question for clarification. Tayson mentioned that when got started, he put up his listing without the product being private labeled. That means that he sold the product as an existing listing, correct? Which means he’s competing in price and doesn’t need to worry about PPC until he private labels it. Am I right? Thanks for the help! Hope to hear from you soon.
Hey Peter, he simply didn’t have a large enough order up front to go through the private label process completely. He simply put up what would be his listing and sold an “unbranded” product. Does that make sense? It’s similar to what Chris Gastin did in episode 68 https://brandcreators.com/tas068-case-study-the-500-product-test-that-validated-a-winner/
Hi Scott thanks for another great podcast. Regarding a coaching course count me in. I think having an actionable method would make it easier to reach our goals. I would have absolutely no problem supporting you because I know it would help me to succeed. Thanks again for what you do.
Hi Tayson, thanks for the great info! I have heard that http://forestshipping.com/about-us/ is a very good freight forwarder. This is what Sara Wong (who has a FB page on Importing from China which is very helpful) said about them: “I agree with Fanny Phan about China ff being cheaper and better. One FF I used with success recently is Forest Shipping. One thing I learned about Forest is that they are experienced FBA shippers direct from China to FBA with prep services. So essentially Forest Shipping is a one stop shop for me, I do not have to worry about details in the logistics chain. There is one other FF in China I have used in the past, I need to dig up this name.” Hope that’s helpful!
Thank you for this interview Scott & Tayson! All I’ve been hearing about is Alibaba/Private Label untill now..
I hadn’t heard about Aliexpress and now I’m so excited that I can just get started much quicker & easier.
Thank you so much!! (leaving an iTunes review now for ya Scott) 🙂
Hi,
this was a great podcast. i am doing some research on freight forwarders for you i am part of jim cockrums course one of his books: http://provenchinasourcing.com/
maybe this can help you. also i know people have agents in china and they take care of shipping it directly to Amazons FBA warehouse from china.
thank you
Hey Avi,
Thanks I think I’ll pick up a copy of the book and check it out. Any information will definitely help me!
I did have my supplier get me a quote and it was a little more pricey. I also am a little concerned doing it for a while because I don’t want my supplier to know my number one channel is amazon and create my own competition. They will find out soon enough, but by then I hope to have too many reviews for them to touch my market share.