Welcome To Episode #131 of the Amazon FBA Private Label Show Podcast!
In this episode I give you my 3 step formula for creating a $1,00,000 dollar business and brand.
Listen to this Amazon FBA Podcast!
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Recently I was at SellerCon in Las Vegas and I was listening to a presentation given by Ryan Danial Moran. Ryan was talking about how Amazon FBA has changed a lot over the years and that we as business owners need to think differently about our business and brands. Tactics that worked just a few years ago no longer work anymore. Ryan specified that we as business owners need to become real entrepreneurs and build real brands that we can grow and scale on and off of Amazon. We have the power and the tools to create real brands that are making money and making a difference in the world.
In this podcast I break down my 3 step formula for creating successful brand and how you can get to your first $1,000,000 in sales. You will see that once you build a real audience around your brand and products that achieving your sales goals will be easy. The focus should be on building real assets that you can control such as e-mail lists, ManyChat audiences, and social media assets. If you build valuable assets that are engaged with your brand and content then you won't be so reliant on the changes that frequently happen on Amazon FBA.
Now if you are just starting out selling online and on Amazon FBA then the thought of hitting $1 million is sales for the year may seem unattainable. If you follow the formula and shift your mindset a bit then you will find out you can easily hit the $1 million mark very quickly.
Repeat the process for product # 2
Repeat the process for products 3-5
The fastest way to get to $1,000,000 from a small micro brand selling on Amazon FBA is to get your customer to buy from you over and over again. Once they buy from you once they should be exposed to your brand story and what you represent. If your brand has an X-factor that speaks to your target customer then they will support you and buy the rest of your products over time. That's how you win. When you can get a single customer to buy everything you have to offer because they know and trust you.
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RESOURCES MENTIONED IN THIS EPISODE:
Jungle Scout Market – Hire pre-vetted Amazon experts to help you build, run and grow your Amazon FBA business. Created by the Jungle Scout team.
Upwork – I have been using this site for many years now to find freelancers and workers to complete various tasks for me. You can find people to do just about anything that you need done in your c-commerce business.
For all other resources and tools that I use in my Amazon business please see the resources link.
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