How to Easily Make $70,000 Per Year on Amazon
Jason Katzenback (on the right) and Matt Clark (left) have developed a system for 7 figure profit per year based on selling on Amazon. In fact, Jason is expecting a $10 million year in 2013. We reported last year on a method this team was using at the time.
Matt shut down his online store 4 years ago, even though he was making $2 million in sales. His method allows for profits from $100 to $1000 daily, which is unachievable via typical ecommerce. Matt’s methodology involves finding opportunities that already exist vs. inventing new products and opportunities. His method is as follows
- Find best-selling products selling from $7 to $40.
- Evaluate a product’s private label potential, e.g., can a similar product easily be labeled and/or packaged to make it your own?
- Find suppliers using Google search for “[product name] white label.”
- Use Fulfillment by Amazon to handle all product shipping and customer support.
- Leverage Amazon’s “traffic loophole,” by category to get direct customer sales. A product’s ranking can easily be ranked above others using good marketing principles, e.g., use well named images, a sales letter, benefits, and call to action.
- Get reviews every day (three initially), including social proof in order to increase traffic and affiliates promoting your product. Systematically follow-up with customers.
- Get sales through the keyword, by offering a coupon that encourages finding your product through keyword search.
In order to make $70,000 per year, it is only necessary to find a product in the top 3,000 popularity. On an average $25 product, this would be achievable averaging 6 product sales per day. Matt and Jason offer a complete training system beginning later this month, the Amazing Selling Machine (now closed). Although the training isn’t inexpensive, especially by Internet marketing standards, it would still be much less than a typical franchise fee (stay tuned, since we’ll be reporting more on progress using Matt and Jason’s tools and methods).
But as is usually the case, a competitive offering is also available for Amazon ecommerce enthusiasts, the Proven Amazon Course. See below for some details about this alternative (especially since ASM is now closed to new members):