Once per week or so our Amazon seller leadership team and I love to go live on Zoom with whoever can join us and answer as many ecommerce and Amazon selling related questions as possible. We love to capture the best moments from these Monday night sessions for you and turn them into a podcast episode.
Here are several summary answers recorded for you:
Jim gives what he calls an “infomercial” to launch this Facebook live! The My Silent Team Facebook group now has 75,000 members strong! Jim has about 60 coaches on his team, all of whom have their own robust Amazon businesses! Jim has earned a living from e-commerce alone for over 20 years and he loves what he does!
Jim introduces Nathan Bailey, who has worked with him for 20 years now (primarily in the coaching department)! “The mission is bigger than the man” in this community and we really want everyone to succeed! Jim shares the candlelight vs cake mentality which is a poverty vs abundance mindset that we really emphasize in this community! Jim and Nathan explain the “inch deep, mile wide” approach that we want new sellers to follow when starting. Podcast episode 554 talks about the “selling above the buy box” strategy.
Jim outlines 3 red flags to be on the lookout for when reading Keepa: If listed as a generic brand – do not list on it!! (means it is likely mis-branded) Jim discusses pricing requests that Amazon sometimes makes and how to handle those The guest asks Jim about product safety certificates and how he should go about handling the situation. Jim recommends listening to Podcast episode 754 to hear about the possibilities with the Replens model. Coach Nathan Bailey answers the guest’s questions about trademarks and also shares his business which can help further with these questions – https://humnbird.com
For more experienced sellers, Jim outlines some additional ways to make an online income including consulting work – https://provenproductpartnering.com for more info. Also an Amazon influencer program – https://provenAZinfluencer.com for more info. The Proven Amazon Course (PAC) also has over 30 strategies for making money on Amazon! Jim reminds the listeners of our live event https://theprovenconference.com, which is coming May 2024. It will have over 40 break out sessions as well as many new strategies for Amazon selling!
Jim explains in detail what “Replens” means and how it is the lowest hanging fruit opportunity to make money on Amazon! It is low risk, has the lowest price point for entry and the highest odds of success. It is essentially finding the underserved or “test worthy” ASINs on Amazon and “replenishing” the products as they sell. This is just one of many ways to make money on Amazon but it’s the best place for new sellers to start!