FBA vs. Create Your Own Product
https://www.youtube.com/watch?v=tEe8uGNdyvs
1st Year Selling on Amazon:
https://www.youtube.com/watch?v=RTIKMIeqTr0
In this video, I will explain why the old way of making money off Amazon is dead. The old school Private Labeling does not work anymore because of three things: China, Over saturation, and Amazon Basics. Fortunately, with the death of this old way comes a better opportunity to make money off Amazon that defeats those three things mentioned above.
Why Private Labeling is dead?
1. China
Most people that private label buy their products from China. However, China is getting smarter. They find profitable products, copy them, and sell them at a better margin, cheaper than you possibly could. Some people are avoiding this by properly branding their private label product.
It used to be that you just find a product on Amazon that has good sales but a bad product listing. You make your own brand in that product and make a better listing of it on Amazon. This does not work anymore because there is so much competition.
2. Oversaturation
Because there is so much competition, it is more difficult to find products now than it used to be. Even when you do find a good product, you’ll have dozens of competitors by the time you launch the product.
3. Amazon Basics
When you have a really good private label product and start making money out of it, Amazon will find out about it and eventually create their own Amazon Basics version of it. This version will always rank higher than your private label product and will most likely steal your customers.
New Opportunity
Amazon FBA is not dead, but only Private Labeling. Most people who are making real money out of Amazon is creating their own product. One of the good things about this is that there is no startup capital required if you do it right. Below are also some other benefits of creating your own product:
• No Competition
• You Can Sell on Shopify
• You can use Instagram and Facebook Ads to sell your product
• You can use Kickstarter to raise money for your first round of production
Here is how you can create your own product:
1. Idea
Create a product that does not exist that you wish existed in the world. Find something that you believe in and are passionate about.
2. Product Launch Group
Use social media platforms like Instagram and Facebook to get fans. You get their emails and get them into a Facebook Launch Group. Have them help you develop the product.
3. Crowdfund
Launch on Kickstarter to raise money for production. Your Kickstarter group will be your initial supporters.
4. Production
5. Sell on Amazon
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Hi! Thank you… You are different and honest.
We create our brand with my husband and our products will come from Turkey. About one month later they will be on amazon. What can we do? Is it right time to lunch on fb or instagram?
What I did was I found a product that isn’t sold on Amazon, built my own brand around it, filed a patent, and filed a trademark. It’s kind of like someone invented something for me lmao
It's about differentiation isn't it ? Here in the UK private labelling is great still if done right. I've been told by my UK mentor to create my own brand. So finding a product but making it my own through design changes etc. Does this sound similar to this idea ?
But How do u do kickstarter without ppl stealing your ideas because it isnt launched yet
China copy it start selling using epack shipping cheaper to mail from china then it is ship to another state.
"my goal is not to make as much money as possible .. I'd rather help others.." the biggest lie in this video
Is that The Four Agreements I see on your bookshelf?
Hey Travis, Do you have any videos which cover how exactly you create you Product FB group and IG group and get engaged people to join?
Go to https://www.effectiveecommerce.com/ppf to get on the waitlist to join my Free Amazon FBA Course.
It comes with
✔️ 100+ step by step videos lessons so you Always Know The Next Step To Start Your Business
✔️ Live Weekly Calls So You Never Get Stuck
✔️ Have An Entire Community Help You Launch Your Product
✔️ Short Cut Your Results With 1 on 1 Coaching
✔️ Bonus Courses To Scale Your Business Beyond Amazon
The best part is as long as you complete it and launch your own passion product on Amazon you can pay whatever you want for the course. You can even ask for your entire deposit back making this course free if you want.
But if you create your own product, how to you get inventory? You have to make a bunch?