Today's episode is the story of a journey from "Amazon basic selling" into "Private Label". If you didn't realize it, 95% of the YouTube "gurus" talking about Amazon selling are convincing new sellers to jump straight into building their own private label brand. This is taught by most experts as, "the ONLY way to go". The truth they don’t tell you though is that an estimated 90% or more of those "PL goldrush seekers" never make a dime - they only lose big. To help avoid the heartbreak and loss, we go against the grain and teach a methodical approach to Amazon selling success. Our approach involves putting money in the bank with lower risk, fast reward models that build a profitable foundation for you BEFORE you venture into the PL arena. Today's guest is a JimCockrumCoaching.com student who talks about his gradual journey into PL after making money while learning the basics first from out team. He's built a $40-50K per month PL income stream (20% margins) and he's looking to expand off of Amazon as well.
We talk about all this and more on today's episode with Cabel McElderry from Alberta Canada
Watch this episode on our YouTube channel: https://youtu.be/JwEt8MXaImU
Check out this episode sponsor - Payoneer.com. Skip the credit checks and learn more about bringing your eCommerce vision to life by visiting https://Payoneer.com/funding. Our podcast listeners get a special 10% fee rebate on their first offer!
ProvenAmazonCourse.com - The "Proven Product Partnering" training module that Matt mentions is just one of the numerous training modules found in our flagship course called the Proven Amazon Course (PAC).
Our Facebook group - https://www.facebook.com/groups/mysilentteam
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JimCockrumCoaching.com Get a free session with a business consultant on our team at 1-800-994-1792 / 1-801-693-1688 or TEXT US at 385-284-7701 (US & Canada only for Text)
Humnbird.com - Trademarks, graphic design, listing optimization for PL brands
silentjim.com/updates - get a notification alert for each new episode
#903: This weekend update about our virtual conference and a great tip using Amazon's seller forums is ready for you
#902: Weekend update is about getting ready for fourth quarter and welcoming new listeners
#901: Our virtual conference starts FRIDAY and a new Keepa course
#900: A coaching student who didn't expect to need an Amazon business and is grateful for support
#899: Latest announcements and overview for our newest students
#898: The most thorough and most cutting edge Keepa insights to date for Amazon sellers
#897: An overview episode: THE definition of Replens
#896: From REPLENS to launching a successful brand on Amazon
#895: Latest announcements and overview for our newest students
#894: Interview with a mentor about how much most guys need stronger relationships
#893: 7 Core Competencies of an Amazon seller part 7- BUSINESS ACUMEN
#892: I might be changing my mind about leads lists for Amazon sellers
#891: Does the perfect business exist online? Have we found it? Let's talk about it.
#890: Student has his first $1k day just a couple weeks into coaching
#889: 7 Core Competencies of an Amazon seller part 6 - REPLENISHING
#888: A journey from humble beginnings on Amazon to multiple income streams
#887: Amazon selling student building multiple income streams and now a coach on our team
#886: 7 Core Competencies of an Amazon seller part 5 - PRICING
#885: These Wholesale sourcing strategies are powerful! ProvenWholesaleSourcing.com has launched!
#884: A live Q/A with our Facebook members and PAC students
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