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Listen "Stephen Somers On How To Build A 5 - 7 Figure Global Amazon Business (#21)"
Episode Synopsis
The Process Podcast is hosted by Jeff Sherman
Amazon is a great (but incredibly competitive) place to sell products. Many brands tend to get lost in the shuffle on the platform. Instead of dominating in just one niche @stephenjsomers dominates across various general categories with simple, low competition, high profit products and sells them across multiple marketplaces globally.
On today’s episode of The Process Podcast, Stephen shares his step-by-step system on how to find what products are popular, get them produced, fulfilled by FBA, and generate multiple 7-figures in revenue.
KEY TOPICS
How to get started with Amazon
The “Marketplace” approach
The “Rule Of 5”
White-labeling and Finding reliable factory suppliers
Calculating profits
SHOW NOTES
How to get started with Amazon [03:40]
The “Marketplace” approach [04:00]
The “Rule Of 5” (5 Products in 5 Marketplaces in 5 Sales Per Day) [04:30]
Selling high quantity niche items vs low quantity general items [05:22]
We follow what the market tells us to do [06:00]
White labeling vs Dropshipping [06:45]
Amazon is not saturated, but it is incredibly competitive [08:18]
Conducting the correct research in the Marketplace [08:50]
Optimizing your listing [09:25]
Utilizing the PPC Platform [9:40]
Finding SEO Keywords on Merchant Words [11:11]
“Search Results” and “Best Seller Rank” [12:25]
How to read the Marketplace like the Stock Market [13:25]
White Labeling with Alibaba [14:28]
Make sure the company is Gold rated and has been around for at least 3 years [15:10]
Get samples [15:30]
Get multiple suppliers for a product [16:00]
Profit Calculations: The size and the weight of the product is important and more [16:20]
Make sure to double your original investment [17:17]
Using AI to scan a product photo and see what companies supply similar items [18:15]
You don’t want a product that is exactly like everyone else [18:45]
The key to building a successful business on Amazon is doing the research [19:24]
CONNECT WITH
Instagram: @stephenjsomers
Youtube: Marketplace SuperHeroes
Website: marketplacesuperheroes.com
For more episodes of The Process Podcast visit us at www.theprocessshow.com
Amazon is a great (but incredibly competitive) place to sell products. Many brands tend to get lost in the shuffle on the platform. Instead of dominating in just one niche @stephenjsomers dominates across various general categories with simple, low competition, high profit products and sells them across multiple marketplaces globally.
On today’s episode of The Process Podcast, Stephen shares his step-by-step system on how to find what products are popular, get them produced, fulfilled by FBA, and generate multiple 7-figures in revenue.
KEY TOPICS
How to get started with Amazon
The “Marketplace” approach
The “Rule Of 5”
White-labeling and Finding reliable factory suppliers
Calculating profits
SHOW NOTES
How to get started with Amazon [03:40]
The “Marketplace” approach [04:00]
The “Rule Of 5” (5 Products in 5 Marketplaces in 5 Sales Per Day) [04:30]
Selling high quantity niche items vs low quantity general items [05:22]
We follow what the market tells us to do [06:00]
White labeling vs Dropshipping [06:45]
Amazon is not saturated, but it is incredibly competitive [08:18]
Conducting the correct research in the Marketplace [08:50]
Optimizing your listing [09:25]
Utilizing the PPC Platform [9:40]
Finding SEO Keywords on Merchant Words [11:11]
“Search Results” and “Best Seller Rank” [12:25]
How to read the Marketplace like the Stock Market [13:25]
White Labeling with Alibaba [14:28]
Make sure the company is Gold rated and has been around for at least 3 years [15:10]
Get samples [15:30]
Get multiple suppliers for a product [16:00]
Profit Calculations: The size and the weight of the product is important and more [16:20]
Make sure to double your original investment [17:17]
Using AI to scan a product photo and see what companies supply similar items [18:15]
You don’t want a product that is exactly like everyone else [18:45]
The key to building a successful business on Amazon is doing the research [19:24]
CONNECT WITH
Instagram: @stephenjsomers
Youtube: Marketplace SuperHeroes
Website: marketplacesuperheroes.com
For more episodes of The Process Podcast visit us at www.theprocessshow.com
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