📈Play the long game by creating and selling your own brand assets for higher profit margins.
💰Prioritize revenue over profit in the first year to achieve 100 reviews and faster profitability.
🧠Create a long-term plan and set goals for the next 5 years to build a million-dollar business.
🔎Research popular products on Amazon and find improvement opportunities to stand out from the competition.
📦Source reliable suppliers globally and order samples to ensure product quality.
How long does it take to get 100 reviews and become profitable?
—It depends on how quickly you can get your first 100 reviews, but aiming for them within the first year is ideal for faster profitability.
Why is it important to create my own brand assets?
—By creating and selling your own brand assets, you can buy directly from suppliers at a lower cost, resulting in higher profit margins.
How many products should I aim to have for a million-dollar business?
—Aim to have at least three products that are making you money, with an average price point of $30 per unit, selling 25 to 30 units per day.
How can I find reliable suppliers for my products?
—Use platforms like Alibaba to find suppliers, reach out to multiple suppliers, and order samples to ensure quality and reliability.
What is the best way to get reviews for my product?
—One effective way is to send follow-up emails to customers requesting product reviews after they have made a purchase.
00:00Learn the exact five-step system to start a successful Amazon business in 2024 and achieve life-changing profits.
00:32Play the long game by creating and selling your own brand assets for higher profit margins.
02:18Prioritize revenue over profit in the first year to achieve 100 reviews and faster profitability.
03:29Create a long-term plan and set goals for the next 5 years to build a million-dollar business.
04:58Research popular products on Amazon and find improvement opportunities to stand out from the competition.
06:11Source reliable suppliers globally and order samples to ensure product quality.
