How to Run Your Business on Autopilot?
How to Run Your Business on Autopilot?
A sale is made through a unique tracking link which is traced back to the affiliate who made the referral. So when a sale is made, the person who referred the sale gets credit for it and they receive a commission. The product owner is responsible for dealing with customers and delivering the product. So it’s a system that can be used to generate an income on complete autopilot.
As an affiliate marketer, you get paid for referring customers to products and services online. If you can learn the tools of this trade you can make multiple sales completely on autopilot using tools and software which can run them. As it is learned later on in my affiliate journey, you can also promote products that carry recurring commissions. These are products such as memberships and software products that carry ongoing fees. If you prefer a product that someone uses in an online business, you can earn commissions on an ongoing basis, potentially for years, or at least for the lifetime of the customer.
One of the main tools of affiliate marketers is an email autoresponder. With an autoresponder, you can collect email addresses from a website and deliver an automated sequence of emails to your subscribers. As your list grows you can make a number of sales by using affiliate links in your email messages.
An email list is important for affiliate marketers because it means they can keep and grow a number of subscribers to who they can promote affiliate products to. Top earning affiliates grow their email list into the tens and hundreds of thousands of subscribers. A single email, to such an audience, can result in a number of sales, and it can all be automated too!
The “sales funnel” is an important aspect of an autopilot money-making system. The sales funnel starts with an advertising platform driving website visitors to a landing page where they enter their email. At this point, they enter the sales funnel and start receiving email messages.
The affiliate who owns the list will send out messages (on autopilot) helping subscribers with a certain topic. So if someone signed up for golf tips, for example, the messages would be ably golfing. Instructional videos can help with learning the correct techniques for example. In addition to providing value in emails, the affiliate will also promote affiliate products to their list.
The first product in the sales funnel is an “entry-level” type of product that is priced at an affordable level. Many subscribers won’t purchase the product, but some will. Once someone purchases a product from the sales funnel, they automatically get offered another product that is of a higher value.
As the customer moves through the sales funnel process, and purchases something, they continue to be offered higher valued products that offer greater value. Using a sales funnel that offers multiple products is one of the best ways to build an autopilot money-making system that is profitable.
Many affiliate marketers make the mistake of choosing low-value physical products which don’t earn very much when they make a sale. I made this mistake too when I started learning. By using higher valued products, you can earn a whole lot more for the same amount of effort. Subscription products and high ticket products are the best kinds to use for more profit.
Using a sales funnel like this has another benefit too. With low-value products, it’s much more difficult to run paid marketing campaigns and come out with a profit. But with high ticket and recurring income products, it’s much more attainable. If you’re using low-value products you will need to use cheaper marketing strategies such as blogging. It can take a huge amount of time and effort to gain traction when using cheaper marketing strategies like this. With paid advertising, you can run an advertising campaign and see results almost immediately.
The other benefit of using a paid marketing campaign for an online business is that is scalable. With organic strategies, you can spend months building content and hoping that it eventually gains some traction and you start making sales. With paid marketing it’s immediate. You see straight away whether it’s working or not. Once you have created a profitable campaign, you can scale it up by simply increasing your marketing budget.
The best autopilot money-making system I’ve found is the affiliate marketing business model. There are thousands of products online you can promote as an affiliate marketer. By choosing high ticket and subscription products to sell and using a product range rather than a single product, you can gain more traction more quickly through using paid marketing strategies.
There are other ways of course to build an income online with the affiliate marketing model. Blogging, video blogging, and using social media marketing are three other strategies you can use to sell affiliate products online. But whatever strategy you use it’s well worth getting an autoresponder and building an email list. It’s definitely one of the things which have helped many the most with building an online business.
Factors that Affect BSR
Factors that Affect BSR
Best Seller Rank is most commonly called BSR or Seller Rank. This rank is basically calculated by Amazon’s A10 Algorithm automatically based on the history of sales data like how much are recent sales and how much the sales were in past? Lower the BSR more the sales, Products with more BSR have comparatively lower sales. The Following are those factors that affect BSR:
Pricing:
This plays an important role as products with competitive pricing tend to have improved sales as compared to high ticket items. So always analyze pricing then choose your pricing, you can also lower your costs with certain strategies. We can say that Pricing plays a vital role in adjusting your BSR.
Product Description:
Product Description plays an important role in lowering your BSR as it contains Golden Keywords that help in ranking your product organically. An Optimized Product Description contains enough keywords to help Algorithm rank it on top spots. This ranking helps people to view the product more often and the chances of getting sales are higher. So higher the sales more improved is your BSR.
Sales Velocity:
Sales Velocity play an important role as Amazon will analyze that if your competitor is making 10 sales a day and you are making 15 sales a day then your BSR would be improved as the total number of sales are not important in BSR but daily and monthly sales in span of 90 days matter. To increase your sales velocity by doing the right PPC strategies and optimizing your content to achieve desired goals.
Brand and Manufacturer part number:
You should always include brand name and Manufacturer in your title as it helps buyers search by brand name to find your products plus helps the Algorithm to understand your product and its relevancy. When Algorithm fully understands your product then even with a lower number of orders you will be ranking on top spots. And after reaching the top spot you will have a great opportunity to maximize your sales to improve your BSR.
Specifications:
Product specs are special out of their functions. You should point out empirical or bodily records about the respective product. This comprises size, weight, color, manufacturing date, empirical specifications, etc. The specs section is where you need to list the empiric or physical details concerning your production such as size, transport weight, color, etc. Completing it section suggests Amazon to that amount you’re busy then such comes in imitation of listings.
Category and sub-category:
When you are setting up your product listing make sure that you are choosing accurate category and sub-category as it plays an important role in BSR as mentioned it is an automatic procedure so Amazon Algorithm will only rank those products that are in the right category. And the right category can help you in getting more sales. So be careful in choosing the categories and subcategories.
In-stock rate
Amazon always prefers to rank those products that are in-sock 365 days and hardly go out of stock. So in order to achieve more sales and improve your BSR, you will need to be In-Stock then you can achieve your desired spots.
Perfect Order Percentage (POP)
Sellers who have higher Perfect Order Percentages tend to have improved BSR. New sellers should focus on it as it is a part of Amazon analysis while ranking products. A perfect order percentage is a number of orders with how much return rate in past 90 days like if there are 45 order placed how much are returned. The optimal Perfect Order Percentage is 95%. Most problems are related to POP be faced by clothing and shoe items.
Order Defect Rate (ODR)
If a purchaser comes up with an issue with an order, this is regarded as a system defect. Defects encompass terrible customer feedback, A-to-Z Guarantee claim, shipment issues then chargebacks. Note, if the remarks are other removed by using the buyer, this won’t matter in opposition to thy ODR. So, it’s rewarding attempting according to resolve any issues that might occur. First, ye decline the Buy Box routinely because anybody merchandise you’re responsible for because of shipping. Amazon will never let buyers’ trust the Buy Box. If thy orders are faulty, Amazon’s recognition is at risk. Second, Amazon can suspend then terminate your estimate flat-out away, bearing payments in the rule after refunding customers. Amazon is entirely apt regarding ODRs, and your kinship together with Amazon is in danger the second thy ODR reaches 1% — no count number how much giant yet successful you are. Suspensions take place so the ODR is barely on 1%. After seller privileges are removed, thou hold 17 days in conformity with coming back with a graph concerning action to keep reinstated. But salvo you ODR is dramatically on 1%, Amazon views that as much an omen so great issues are at circulating — things like exceedingly late deliveries and several cancellations, which hold a direct influence on or buyers intention view the market itself. BSR is affected most when ODR is above 1%.
Exit rate
It is a number of customers that view your listing but leave it due to non-optimized listings or whatever is the reason that makes your views uninterested. If this is higher, then BSR will also be higher and you can never reach your desired goals
How to sell on Amazon US from the UK
How to sell on Amazon US from UK
US market is 10 times bigger than of UK, UK has less competition and US has more sales but more competition. There are more than 50% of Amazon Sellers that are selling in the US but are not located in the US. If you are in France and want to sell on Amazon then the first priority will be the UK as it is near and easy to operate able plus doing business in the EU is much more complex than in the US. But after Brexit business from the EU in the UK is facing many difficulties so in order to overcome barriers you will jump into the bigger market like the US. The US has 140 million Amazon prime users and more than 350 million listings. So with competition, there is also huge traffic that can be catered to generate more profit margins. This article will guide you that how you can establish and run an Amazon Store while sitting in Europe or UK.
How can you use your limited Company?
The following are requirements
You will need an international Credit Card like VISA or Mastercard and other requirements as follows
US Bank Account
Go to World’s First website cross-border solution to help amazon sellers set up an account. Other options include Payoneer and PayPal
US phone number
Buy a US phone number from Skype or any other vendor for getting a legal US number for verification purposes.
A New Email
For US accounts that can be merged in future
Custom Broker
You can use FedEx, DHL, and UPS for lightweight air freight, and no customs clearance is required.
For heavy shipment use adam@fba-forwarding.com and you will need that else it will take months to clear your shipment.
Your local address
You will also require providing your local address to Amazon for mailing purposes.
US EIN Number
Amazon Normally retains 30% of your sales revenue for tax when you are a seller outside the US. In the UK we, fortunately, can get around this by filling out a W-8BEN Form (Sole Trader), Use Form W-8BEN-E if you are a Limited Company in the UK. This will prevent amazon from withholding that 30%. These forms can be found on IRS Website.
How Do Customs Work?
You will need to hire a Customs Broker for your business if you want to sell on Amazon US from Germany, France, Italy, or UK. Your customs broker will be responsible for clearing your shipment, doing all the paperwork, handling documentation, and all the stuff. This is perhaps the least enviable aspect of selling on Amazon’s U.S. store, but something that all importers have to go through.
Here are some services that a good customs broker can provide:
Checking samples
Your customs broker can check your samples for you and let you know whether or not they are the exact products you specified when sourcing from your supplier.
Quality assurance
Similar to checking samples, your customs broker can review the quality of your products. There are also third-party quality assurance companies that can inspect and grade the products before they reach Amazon’s fulfillment centers.
These companies can check the quality during production as well, which allows you to address any major production issues early in the process.
Fulfillment prep centers
Before Amazon can receive your inventory, your products must be prepped, which includes having FNSKUs and another proper labeling.
In addition, if your product requires assembly not possible from your supplier, a third-party fulfillment prep center can assist with this. All of this can help you avoid additional fees from Amazon.
How Does Banking Works?
Banking works simply like after opening a US bank account you can easily transfer it to your local account and get paid within a wisp of a second. It is recommended to use USD for all of your transactions to avoid any of the extra charges that Amazon might charge you.
Business Models on Amazon
After setting up a seller account then you will have to choose your business model. Like the business expectations of a person that when he wants Return on Investment (ROI) if he wants to get returns within a month then the approach will be different and if he is pure business mind person and knows that businesses give ROI 4-6 months after launching successfully in the market then the approach would be different. Amazon offers 3 models that are Wholesale, Private Label, and Drop-shipping.
Firstly we will discuss Drop-shipping which is in trend right now. It’s too risky to do drop-shipping while selling on Amazon as it might lead to accounts suspension and frozen funds if Amazon notices that you are violating Terms and Conditions. You can do drop-shipping but you should always have invoices on your name failure which might lead to permanent suspension of your account. Drop-shipping works like you have listed some items on your store but you don’t have the inventory so whenever an order is placed on your store you forward it to a drop-shipper and the drop-shipper delivers the order to the customer. This may sound good as people tend to buy trending products on a profit basis but surely all your investment is at the stake of getting frozen within a second. So instead of drop-shipping online arbitrage works in most cases as you will have complete legal documents that you can provide to Amazon if they ask from you.
The second Model is wholesale it can be started with a minimum budget like you can open an Amazon wholesale account by investing just $2000. Less investment means fewer profit margins mostly people are making hardly 10-15% profit margin after experience and after so much work you will be promoting already established brands and your name will be nowhere. You can buy any of the trendy products in bulk and will supply it accordingly but the major drawback it has is that it is not scalable in most cases and involves much effort to be considered as a side hustle.
The third Model is perhaps the most important model people are using on Amazon and generating millions from their Amazon Store. Amazon Private Label in the US can be started with a budget of 10-15K USD with 3 months inventory. Private Label is considered to be actual side hustle as after launching your product you can opt for FBA and then you will only have to just work 1-2 hours a day to manage all the stuff of ranking and inventory management. You can hire a VA or an agency that can manage your store pretty well. PL has many perks like you can scale it up anytime you want and you can also “Flip” your brand for a handsome amount of money. So you can say that PL will prove to be an asset for you that you can flip and get instant money.
Amazon Listing
After doing all the setup then comes listing your product and launching your product. If you are a manufacturer then it’s good, you can list it up with the help of a professional or a mentor and send your inventory to FBA. As soon as inventory reaches FBA you can let your listings be live and promote by doing the right PPC strategies and if you are new to Amazon and have no idea what product can yield a good profit margin then the first step is in-depth product research. Then you will need to do keyword research for your product meanwhile you will also look for sourcing the product from a cost-effective place. For finding manufacturers most recommended countries are India, China, and Bangladesh as they deliver maximum quality at minimum rates. You can find manufacturers from Alibaba.com you can interview 8-10 suppliers and get samples from them. After sample approval order inventory from one of the manufacturers, it takes around 20-30 days to manufacture 3 months inventory. In that period you can hire an expert VA to do listings of your product and get a brand registry and paperwork done. You can also do listings but it’s better to leave it to experts to avoid any problems. After the inventory is manufactured hire a freight forwarder and ship it to Amazon Warehouse in the US. 1/3 inventory should be shipped through fast courier service or air freight as it will help in launching the product fast and the rest of inventory to be shipped through the sea for saving costs. As soon as some of the inventory reaches the warehouse let the listings be live and run PPC ad campaigns to improve the ranking of your product.
Aftermath
After your product is listed you can just sit back and relax as you only need 2 hours to monitor your listings. You can also hire an agency, that will look after your rankings and do all the necessary work and you will be enjoying all the perks. After a year you can flip your account for up to 60x months profit and get the value of your investment. In this way, you can launch a product while residing outside the US and it’s totally legal. If you still have confusion you can talk to one of our experts.
Purpose of your life as an Entrepreneur
Purpose of your life as an Entrepreneur
Most people only pay attention to the final product of a successful entrepreneur. They say things like, I can never be like them, or they got lucky. What most don’t see is what they’ve overcome. All the struggles, the daily rejections, the heartaches, the betrayals, the rumors, the criticism, the empty bank account, and all those lonely nights while trying to make their vision a reality. You see, the only difference between the one who quits and the one who doesn’t is that they showed up every day. They worked hard every day. They hustle every day. They learn from a proven mentor every day. They improve every day. They did all this even though they felt like quitting every day. And eventually, they became who they are today.
So many people say they can’t find their life purpose. They don’t know why they are here on this earth? Experts think the first problem is most people think that their life purpose is something they need to find, like a needle in a haystack, or a mathematical problem you can solve to figure out what your life is all about. Your purpose is not hiding behind a bush. Your purpose is not hiding. It’s not a problem to solve. It is waiting for you to become more present and more conscious. Everyone has a purpose on this earth but your purpose is not coming to you through your thoughts. You cannot think it into existence. Don’t overthink. Your purpose can’t be found using brain power or solving a mathematical equation. Your purpose is not going to come to you through your brain. It can only come through your heart, your intuition. And for that to happen you need to be present, you need to live in the present moment.
All you need is us to give your fullest attention, your best effort to each present moment, giving your full attention and very best action and each moment will lead to each next best moment. It will lead to expansion and growth in your life, which will ultimately lead you to many things you love doing. And soon you will understand what your purpose really is. But don’t rush it. Don’t stress over it. No purpose is coming through stress. No purpose is rushing through because you’re anxious. Do your thing and do it to the best of your ability in every moment, no matter what it is. If it’s taking out the trash, that’s your purpose right now, do it better than anyone and be present. If it’s helping a million people change their lives, do it but do with presence.
Everyone is different your main purpose might be to be a great parent, maybe your grand life purpose is to help those less fortunate to stand up for the injustice that matters to you. It doesn’t matter what it is, as long as you know what’s right for you. When you discover that thing, which you must do, it will take on a life of its own; you will discover yourself to be greater than anything you ever expected of yourself. If you’re continually searching for it, you’re missing out on living. And when you miss out on a living at this moment, you miss out on creating your best moments which lead to that purpose. You might say that you have a purpose and your purpose might be to help others out of depression. Your why might be because you have been there yourself or lost someone you love to depression. Your purpose might be to give your children love and presence. Your WHY might be because you didn’t receive it yourself because you know the opposite and don’t want that for anyone. Your purpose in your y might have nothing to do with each other. Your y might be your family, your legacy, something that has nothing to do with the work you do. Why is it a must for you? What is the reason? If your purpose is meaningful and your why is strong, nothing was stopped. Find that purpose. Get quiet and understand why you must pursue your dreams.
What to sell on Amazon?
What to sell on Amazon?
A lot of people tend to ask this question about what products are trending on Amazon? What product needs selling? What are the features of a product that drives more sales? What product gives better ROI in 6 months? How beginners are supposed to start selling on Amazon? What is meant by a Good product? Mean to say a lot of people are still confused about how to sell. Many people have money but lack proper guidance and skills and many people have skills but lack money to start selling. Both these people are required in business to maintain cash flow. Every successful business has an investor who has invested money like he had risked his money for an idea and a skilled young man who knows how to use that money for a successful business.
The highest numbers of sales are during Q4 of the year with holiday items. But for the long term, a product is recommended that is saleable in all the seasons like a toothpick is an item that is used all the year. One must do product research, before selling a particular item on Amazon. If you cannot do product research then you can hire a freelancer for it. After finding the right product check for the competition and demand, if the demand is high and competition is low then select the product else it will take years to rank your product due to high market or low demand.
Seasonal products might give sales in a particular time period but experts recommend all-season products that have the potential of selling throughout the year. The product you want to sell on Amazon first search for it manually. Check out Amazon picks and best sellers know what makes their product dominant over others. Check for the keywords best sellers are using and find the potential of keyword through Keyword Planner. There are other tools also available for keyword research and the best of them is Jungle Scout which shows you exactly what terms are required to be changed, shows entire sales of the product, and helps to estimate your budget for the PPC campaign. So it is recommended to use tools after manual research as it cuts away unnecessary things that might generate confusion.
After finding the right keywords check for sales each keyword is covering. Then check for BSR value if it is high then there are pretty good chances that the product will succeed. Check for other similar products with BSR if it is high then you can also adjust in the market and get sales fast. The following is the list of products with higher potential of sales on Amazon:
- Books
EBooks and paperback books have a high potential of selling. One can easily get it from a stall or bulk from the printing press and list it online. So books have a high-profit margin and chances of selling are also great. To ensure the quality of books before shipping to avoid any concussion or request of refunds.
2. Toys/ Games
Toys are also heavily ordered by Amazon users as there is a lot of promotion and discounts plus toys are available at reasonable prices. Toys such as play dough and big teddy bears are sold throughout the year. Games like GTA V have a higher potential of selling. Other games include UNO and other card games have a higher potential of getting more and more clients
3. Clothing and shoes
Amazon is trusted to give high-end quality shoes and clothing. There are a number of variations, styles, and colors available on Amazon. Competition is high so one can take risks and apply the strategy of “Me2”. Around 33 million units are sold in a year on Amazon of clothing, shoes, or jewelry category. So you can imagine sales you can get.
4. Daily Utility Items
Daily utility items such as toilet paper, toothpicks, etc. have a higher number of sales as recently witnessed 70% of toilet papers were out of stock. And a 40% increase in demands and supply. So these products might seem to have low prices but can generate higher values if the listing is optimized properly. These products can generate sales higher than other products and have low refund ratios.
5. Electronics
This category is also widely used but the chances of refunds and a warranty claim are higher. People order this equipment but approval from Amazon is a little bit tricky and who is to blame if a number of products are faulty. And if the products are manufactured from outside the US then warranty claims will be nearly impossible
Last but not least this is not the end of the list there is a number of products out there that have a higher potential of generating sales and revenue. You just need proper research in order to sell something on Amazon. Always remember to learn to swim then dive in the ocean.
Where do You See Yourself in the next 10 years?
Where do You see Yourself in next 10 years?
These types of questions are usually asked in interviews “where do you see yourself in the next 5 years?” What are your goals for the next 10 years? So being an entrepreneur is a most valuable question as to the decision we make today can push us 5 years further or hold us back. Entrepreneurs are usually conscious of decision-making. According to Neil Armstrong “That’s one small step for man, one giant leap for mankind.” So small steps have their value and they are only valued if they are on proper environment and grounds. Else no one remembers the one who steps on Earth everyone remembers Neil Armstrong because he stepped on that ground where everyone could only dream about.
The Next Generation will be more agile, problem-solving, and will be using more gadgets to save their effort. They will always be after a new wave of innovation. Due to the pandemic, a lot of people lost their regular jobs as businesses were closed and they didn’t have funds to pay salaries so only those people survived well who were either having a Government Job, or their employer was good that he paid them salaries during a lockdown or they had a better plan to cover their loss.
The first two cases were not so common but we will talk about the third type of people who survived pandemic because they had a plan to overcome their losses and most of them were entrepreneurs who changed their entire lives by startups. If we talk about the US then only US 4.4 million new businesses were established during the pandemic and nearly half of them were started with less than $10,000. This is the quality of an entrepreneur that whenever he observes an opportunity he grasps it firmly. During the pandemic in 2020, medical products prices went skyrocketing and entrepreneurs see it as an opportunity and started developing facemasks at their homes the raw material was cheap but in lockdown, prices were 5x so a lot of people made a large sum of money by selling masks. Those entrepreneurs who cannot produce facemasks at home managed to buy them in bulk when the lockdown was near and sold when prices hiked up. So when you want to make money then there is hardly any excuse you just need to point out a potential opportunity and get started. So the sky is the limit when it comes to entrepreneurship the entrepreneurs are always ahead of time.
After a year at the end of 2022, the sellers see themselves struggling and getting new ideas. They are continuously making enough mistakes but are consistently improving and progressing. They are unlocking different pathways to achieve success. They are knocking on doors for success all the time and when they fail to find a door they build one for an opportunity to knock. They try different platforms for selling like Amazon, eBay, Shopify, Wix, Big Commerce, Woo Commerce, and so on. If you are an entrepreneur and you have just started then you would see yourself similar to the person mentioned above. If someone has already an established business then a year from now, the person would be seeing himself in the heist of making their first million-dollar.
After 5 years from 2022, the entrepreneurs who have started their startups in Q4 are now well-groomed. They have a complete understanding of trends in the market only due to multiple failures they have faced in the past 5 years. He knows art for fundraising and is pretty familiar with what opportunities are required for investment. Now they are in the “Investor Stage” they invest their own and other people money on different projects which their mind approves that these products will generate ROI plus profit after a specific time period. Through time they are now mature enough to take bold decisions and are pretty aware that losses are part of life in order to succeed they might fail. And through this stage, their “Name” becomes a brand like whenever someone wants to invest most of the people recommend the entrepreneur who has a high success ratio. They deal with multiple people and their number of transactions is higher than average. Due to their experience, they have case studies to showcase their skills to potential investors. As they are dealing with a number of people their Public Relations buildup and hence their name and fame continue to buildup.
10 years after 2022, in 2032, the entrepreneurs see themselves getting their 1st million dollars or they are now multimillionaires who hire people to do their work. They invest and make young people play with investment to achieve their goals. And they are sleeping partners in multiple businesses. They have just reached the stage which is known as “Institution” now people are training under them to generate revenue. They do this because young people can do that task better than them of a client ask for ranking their product by using PPC campaigns then a person with 10-15 years of experience as a seller on eCommerce will not do It all by himself but he will hire another professional with 2-5 years of experience to get the job done and at the end, the worker will get its wage and name sold will be of the person who took the project. In short, the person at this stage will train youngsters and let them succeed as it will be a win-win situation if the other person gets profit then obviously shares of profit will be delivered to the trainer/investor also. Till 2023, youngsters of 25 will be of nearly 35/36 years of age equipped with wisdom and knowledge. A young energetic boy of 25 is now turned into a mature investor + institution, now he will ask boys under 25 to spend their energies for him and he has no assets in hand.
So if you are an entrepreneur and someone asks you how do you see yourself in the next 5 years? Or how do you see yourself in the next 10 years? Show them a roadmap that you see yourself as the satisfied and successful person whose name is a brand.
Trends and Predictions for 2022
Trends and Predictions for 2022
Old techniques are not working and by older techniques I mean the techniques you were using back in 2020 and 2019 as much of the processes are changed and you need to “Innovate”, you can’t think that way anymore. You have to think as much as it’s possible, like a year ahead. If you’re just sitting on the sidelines and you’re taking the playbook that you just ran this year or last year, you’re going to run into issues because what we’re already seeing, what the data shows a lot of these trends have morphed, even from a year ago. This year, they’ve changed. They’re going to change a lot next year as well. And so getting out ahead of those a little bit and the data kind of shows this, it’s going to put you in a better position from an Advertiser perspective.
What will eCommerce look like in 2022? How will our industry change, and how can we plan ahead?
According to a prediction, all the regulators in the House and the Attorney General’s offices across the country have all realized that existing laws aren’t going to help them break up Amazon and reduce some of their power. So they’re making new laws. There are 14 laws going through Congress. I have one special request that outlawed the practice of buy box oppression. If they do that and they pass that one law, I think it would have huge repercussions and open up the competition with the other marketplaces.
Amazon is building its own social media where all the buyers can talk about a thing that is convenient and reliable. Like someone found an alternative for a $50 product with the same quality but different pricing like he finds it for $40 then he will post it on social media. By social media, it will be easier for sellers to advertise their product to a specific audience, not like Facebook and Instagram where you will find a diverse audience.
Back in 2019 many of the Chinese were privately doing business on Amazon FBA and now they have an entire eCommerce division. Shopping malls in China are filled with Amazon sellers with pallets of goods using them as storage. Within a span of 2 years, the people who were secretly selling on Amazon FBA are now millionaires. So we can predict that same will happen from 2 years from 2022 as the eCommerce business is for the people who are opportunists and patients. Despite the fact that Amazon is increasing its fulfillment charges, still, chances of becoming a millionaire are great, as Amazon’s FBA market share is increasing globally.
So the whole landscape has completely changed the global supply chain issues that we have started to see this year, which will also continue to 2022. We’re going to see a little more congestion, at least in the first half of 2022. In the old days, brands would just try to survive Q4. There’s so much going on, so much selling, some of them would have a listing suspended, have to appeal it. And they’d be troubleshooting. But they wouldn’t be planning, right? They’d just be trying to get through Q4 because that’s their peak of the year, not for seasonal items, but for all other brands. You can’t think that way anymore. You have to think, like, as much as it’s possible, like a year ahead.
The biggest thing is what you saw, especially last year early in Pandemic. We’re talking like April, May, June 2020 was there was huge volatility in terms of the keywords that are popular right from month to month. Those were changing a pretty considerable deal. And what we’ve seen is now typically looking years past that it remained relatively constant. Obviously, there’s a chance you’re seeing this year, that kind of started to push back where now those popular terms are staying popular a little bit longer. So because of that lack of volatility, what that means for you as a seller is you need to understand what those terms are, be able to capitalize on them, and then where there is volatility.
Is Amazon going to have to remove its private label business? Is Amazon going to have to separate FBA their fulfillment network as a separate business? And how does that affect me is AWS going to be peeled off? And I think if any of those things happen, then you must consider that Amazon has the right to do anything. Like if your brand is selling above average then there are chances that Amazon will launch a product against you and you will see Amazon as the main competitor. Obviously, you can’t beat that as Amazon knows what customers prefer more than sellers.
There’s a bigger global presence more and more Amazon marketplaces are growing globally. So I think we’re going to see continual growth, but also a lot of change in terms of supply and demand. There’s going to be a lot more people entering the marketplace and also a lot of people that are in the marketplace are going to get knocked out because they either don’t have the margin to compete or they just are having so many problems with the changes in the supply chain.
There are currently two trends that are making users excited, one trend just from an opportunity perspective. You’re seeing all these brand aggregators out there. So we’re seeing some consolidation happening in that space. There is much competition around there, some of the brand aggregators are probably going to have or who’s the best operator out of them. The other thing that is predicted to happen is there’s going to be consolidation on the seller services site. So it’s not just the aggregators who are consolidating brands, but the seller services market. Folks like the Caspians of the world, other folks, software services, where the IPOs there, Where’s the consolidation, the acquisitions there.
Profit margins on these marketplaces are going to get more crimp. Sellers have to get more and more strategic and creative about how they can really get the most out of their presence there because it’s not going to be if you’re a successful seller five years ago to be a successful seller. Now you have to do a lot of things differently, whether that’s bringing in a 3PL partner, whether that’s really finding those efficiencies and advertising as best you can with again, we use real-time bidding and other things to kind of keep you in the forefront.
But you got to have these strategies because you’re up against more competition. All the consumers are flocking there more. So it’s even more important for you to be on there and really capture that demand. So it’s just a lot more difficult and those margins are going to be crimp. So it’s like the best-sellers are going to be the ones that can get around that.
When we talk to Buyers usually two things are discussed diversification of ads and diversification of fulfillment. When diversification of ads is discussed then a variation of ads and effective bidding strategies are discussed as the cost of ads is going up. And the second thing is diversification of fulfillment that successful brands are using FBA and FBM both so if one fails other is there to support. Now, don’t just rely 100% on FBA. Also have either your own warehouse tech capabilities or, better 3PLs in multiple locations so that you can deliver fast not only for Amazon FBA Channel but for your Walmart channel, for your Shopify channel, for your BigCommerce channel.
Top 10 Business Opportunities you don’t want to Miss in 2022
If you still doing a 9-5 job and are not satisfied with your life then take a deep breath and check what investment opportunities you missed till 2021. Like if you had bought a stock of a multimillion company in 2010, then you would be richer today because grabbing the right opportunity at right time can lead you towards success. The following are some of the business opportunities you don’t want to miss in 2022 to get rid of your boring life
CryptoCurrency
There was a time when even Wikipedia thought crypto to be a hoax but now they are accepting donations in form of Bitcoins. Who would have predicted that currency like bitcoin will rise and uplift the future of cryptocurrency back in 2017? Bitcoin prices rose from $1200 to $19000 within the span of 8 months only and in 2021 the price went skyrocket reaching the value of $66000 from $19000. Similarly, prices of other cryptocurrencies also increase with the increase in transactions of Bitcoin. So you can either trade cryptocurrency or you can simply mine these currencies by solving complex mathematical questions to win a crypto coin for free. You can also hire a crypto expert who will do third part transactions for you and will hunt for coins to generate value. Don’t be like those people who always feel sorry that they should have invested in that time.
Real Estate
You don’t want to waste another year with a single source of income then real estate is a better idea for you. You can invest in a plot in a prime location and wait for the prices to rise. You can easily calculate risks, profit margins and you can get your initial investment in full without any harm. So search for an empty space and find the owner of that land buy in acres and then make smaller plots out of it and equally divide them in terms of sq. meters. Now you can sell them to any real estate agent and get profit when your all land is sold. You can do several things like the construction of a warehouse on that land and then sell it out as many of the people are searching for warehouses for storage of their products if they will get a readymade solution then it will prove to be much beneficial. You can get investment from a friend or a loan from an agency with easy installments. Don’t wait much grab your phone and start doing research for real estate as most of the billionaires are made through investment in real Estate
Ecommerce
If you see 2017-2021 E-commerce is the biggest investment opportunity that you have missed as Ecommerce is now a tool to get rich many entrepreneurs are now millionaires due to investment in eCommerce platforms like Amazon, Shopify, eBay, Big Commerce, and Woo Commerce. Only in the US, Amazon had 263 billion USD net sales back in 2020. If they can sell why can’t you. You can use these platforms to build a brand without being bound by tight working hours and location independently. The cost of ads is far less than physical business like no need for big hoarding boards to market your business. Just visit any eCommerce platform, signup for a seller account, list out your product and get things going by launching your product. If you are unable to do it by yourself leave everything to a Virtual Assistant (who is an expert in Amazon/ eBay platform) he will handle your entire headache by providing you A to Z services. And within 6 months you will notice that you are getting Return on Investment (ROI) and on top of that you are actually making a profit. This business is the biggest example for generating passive income like you have savings of $10000 in hand there are 2 options either invest it in E-commerce or in Real Estate. This opportunity has been missed by many of us but still, this opportunity is not lost as chances of becoming successful are still there. With no upfront cost, you can develop your store online and generate value on top of that.
Block-chain
This is an emerging technology from investors’ point of view as Blockchain is helping organizations to generate more profit and work more efficiently. You can invest in Blockchain Technology through Stockpiling Bitcoin, Penny Stocks, and Crowd Funding. Coins are pre-mined and sold in ICO before launching publically. The pre-sale method is used to increase the value of your system and investors are provided with an opportunity that the prices will surge.
Artificial Intelligence
In 2022, it is perhaps the biggest investment as much of the world has progressed in the field of AI. Nearly half of people in the US are using voice-based queries to do their daily tasks by using intelligent platforms like Siri and Google. So future is of Artificial Intelligence a lot has been achieved and many more tasks are pending to be accomplished. World in 2050 will be fully based on AI-supported systems like driverless cars, publically climate control, accurate diagnosis, and treatment with the help of microbots. So invest in Deep Learning, Big Data, robotics, and the Internet of things to get perks for the future. 2022 is an ideal year to invest in such projects as many of the things that were previously on paper are coming to life like the auto-drive feature is just a subset of driverless cars. AI is so vast that it collects data based on queries and displays results on basis of past queries this helps users to find specific information and get valued. Chatbots and Augmented Reality have already taken their place in the market so you can invest in them to make your 2022 a year of fortune.
Electric Vehicles
In 2021 Electric vehicles have become a trend in the market although they are present in the market in the shape of Hybrid cars from the early 2000s now supercars are been manufactured that can reach up to 300 mph. This is due to the introduction of advanced models of Tesla now all the supercars are been shifted to a much cleaner technology to reduce air pollution. Most of the Tesla cars are fully electric you can charge them with the electricity that is present in your houses. So electric vehicles are the biggest opportunity for an investment you can manufacture those vehicles that are not readily available in the market if Electrical SUVs are not available try to manufacture them. You can also manufacture spare parts of electric vehicles that are cheaper and readily available all over the states.
Renewable Energy
It is also considered as a potential opportunity for investment in 2022 as you can say that only solar technology in the US is a 130 billion dollar industry. Much of the public is exhausted due to electricity bills they are now planning to shift towards cleaner technology that will help them in lowering their expenses. So renewable sources are in trend now and are predicted to be increased by 40% in 2022. Many emerging energy sources are great investment options for users, such as liquid hydrogen and biofuels, and due to the fast increment of climate change, renewable energy sources are becoming the only acceptable form of energy, increasing its value.
Metals
In 2021 it was seen that prices for metals went skyrocket like the price for Gold was seen to have increased at a much larger rate. So invest in those companies that mine these precious metals you will get a profit more than your expectations. Choose industry wisely after looking for profit margins and all the financial reports then invest in them they are surely an opportunity for investment in 2022
Service Providing
This is the most effective business as it involves only skills and no upfront investment you will act as a consultancy agency and turn dreams into reality. The investors will approach you and will invest in your ideas you just need to be present on any social media platform where the client will find you and hire to turn their ideas into reality and at the end of the day it will be a win-win situation as you will be getting you service charges and the investor will be enjoying perks of profit. You will need to learn a skill and then make an attractive profile and then the client will find you and get the job done.
Cyber Security
As most of the businesses have shifted online due to pandemics so now all the businesses are at stake of losing their vital information as the hacking is now advanced and there are many chances that the data will be hacked so cyber security is now an essential thing nowadays. Invest in cyber security software as they are now in trend and can generate huge profits you will need to hire Expert Penetration Testers and Developers so your software will stand out in the market as 70% of CEOs are now concerned about security threats that were less than 8% back in 2018.
How to Get Reviews on Amazon FBA
Well, it’s all about the “Quantity” when you think from buyers’ perspective like the more you have positive reviews the more traffic you will get as people will think about you that you are trusted by many of the other people on Amazon. But these days getting positive reviews is a considerably hard task. Negative reviews can be gathered within no time like drop the quality and you will get that but getting a review is never our goal but getting only Positive Reviews is our primary goal. For Example, a buyer is looking at 2 products at the same time with 400 and 28 reviews respectively. The product with 400 reviews will have higher chances to be bought even if Product B has a 4.9 rating and Product A has 4.2 ratings.
More reviews will eventually lead the ranking of your product on the 1st page where 67% clicks land and 70% chances that the product is bought from the first page.
Improve Quality of your Product
The first step is to ensure that you are selling a high-quality product with counterchecking before delivery to Amazon FBA. High-Quality products are likely to win more Positive Reviews as people while enjoying a product would recommend it to other people about their experience with the usage of the product.
Giveaways
It is considered as a most effective way to get reviews is through “Giveaways”, despite the fact that Amazon has retired Giveaway Service but still, you can easily give Giveaways for sales boost and more positive Reviews on board. Giveaways are promotional events to increase awareness of your brand. You can hire a proxy marketer for that like if a person buys something then he will get a 100% discount and get a bonus after he leaves a review.
Mailing List
You will also need to maintain your mailing list of your buyers in order to get more reviews as polite emails tend to gather at least 90% of reviews from opened emails. If quality is great then emailing the customers will surely lead to the addition of valuable feedback. A simple way to get more product reviews is by sending an after-sales e-mail. It is totally fine to send emails and request your customers to write reviews for you. The email should be sent after a reasonable period of time following an order. The only thing to keep in mind is not to sound pushy, outright, or annoying in your emails.
You can use a Mailing list can be In order to get a sample email, click here.
Influencer Marketing
You can hire an Influencer for like $50-100 who has 20K-30K followers for a shout-out to your brand. To find influencers who maybe aren’t yet familiar with or using your brand, look up popular hashtags that relate to your brand, industry, and niche along with hashtags like #amazonfinds #amazoninfluencer, #amazonambassador, and #amazonstyle to learn which ones are active on Amazon.
Amazon influencers don’t just post on Amazon, they promote themselves on a variety of social media channels (like Instagram, TikTok, Facebook, and more). Keep in mind that most of these influencers will be celebrity-level – having hundreds of thousands to millions of followers and may not be the best fit for every brand or budget. If you want to find Amazon influencers who are already using your products, you can start by creating your own branded hashtags for others to use in their content. To find Amazon influencers, you can start by exploring the #FoundItOnAmazon page and clicking through each influencer’s public profile.
Use a keyword research tool
Those days are gone when you use paper and pencil or Excel spreadsheets to shortlist important keywords for your Amazon product now you can use paid tools for getting the most accurate keywords. SellerApp’s Amazon Keyword Research tool helps you shortlist the best keywords relevant to your product based on 10 different filters. You can also track the performance of these shortlisted Amazon keywords.
Track Your Reviews
After successful reviews then you need to closely monitor reviews posted by customers and this will help in resolving issues before time and you can get the most out of your business on Amazon. There are tools to track reviews out of which only a few works. Seller App is best for tracking the reviews.
How to build a million-dollar business on Amazon FBA by investing $5000
Entrepreneurship is no easy task but thanks to Amazon FBA provided opportunities to entrepreneurs to start a business with little investments and high-profit margin plus also provides to scale up your business and flip your brand when required to generate capital. Mostly it is recommended to start an Amazon FBA Private Label business from $30-40,000 with 6 months inventory. But if you don’t have that much bigger amount then we should calculate how we can end up generating a profit by investing low and then gradually leading towards a million-dollar asset.
Yes you can start an Amazon Business with $2000 but you will never be able to get out of Kitchen Money Cycle as you will be always “hand to mouth” and if an aggressive PPC is required then you will look for loans or someone to lend you that money. It is always advisable to start your business on Amazon with at least $5000 wherever you are in the world as it will contain all necessary budgets required for micro and macro tasks.
Let’s start with Market Research
Product research is key in building a successful business on Amazon FBA. Hire a professional market researcher which will cost you between $100-200. As doing product research by yourself, is a wastage of resources why buy expensive tools like Helium 10, Jungle Scout, and Keepa when you can avail service of an expert who already has these tools, so simply avail service of a VA who specializes in Product Research from the reliable platforms like Fiverr, Upwork or Freelancer.com.
After finding a good product on Amazon FBA then it comes sourcing the product from a country where labor cost is low and hence inventory is produced at the lowest rates like from China, India, Bangladesh, or Pakistan. Most of the world’s production is from China so we will find a manufacturer from China from Alibaba.com and we will interview 8-10 suppliers and out of them from 2 or 3 samples will be called. After approval of the sample then come the order for inventory production you can estimate a total of $2500 here for a 2-month inventory.
During this whole process of manufacturing, we will prepare dummy listings to check if the product is Gated or not? Plus it will give us a clear picture of what our listing will look like from the customer’s point of view. We will do proper keyword research using paid tools available in the market. We can also hire an SEO content writer who will provide us with proper keywords and will place them accordingly. We will also calculate our budget, net profit, and other calculations required for business. This all is done to minimize the risk of failure. When inventory production is near completion we will prepare real listings and place all the content by backend and front end optimization. Till yet $2700-2900 are spent.
The last step is shipping to the Amazon FBA warehouse it depends on your budget there are multiple ways to ship your inventory like through the sea or through the air. Through airship, it is not budget-friendly as it will add more cost but freight through the sea will cost not more than $5/kg and will take almost a month to reach the Amazon FBA warehouse. Labeling and barcodes will cost around $200 and shipping charges will be around $500-700. So a total of $3500 is spent till this stage.
After the shipment reaches the Amazon FBA warehouse launch the product and let the list be live. After getting the life you can estimate a total of $1000-1200 for PPC and Giveaways and $300 left will be paid to the PPC expert you will find on the Freelancing platform. Let it be sponsored till you start getting organic orders. After 2-3 months you will reach your breakeven point and you will order for 2nd inventory and that should reach the warehouse before ending of 1st inventory.
Aftermath –
Here are some tips for increasing your sales;
1. Images
Always use attractive and colorful images for your product to attract potential customers to buy your product instead of others listed on the same page and keyword. A+ Content is always recommended for listing your product on Amazon FBA as it drives more sales from Google and is always fascinating to watch from the customer’s point of view.
2. Your Product Listing
You need to have a keen eye over keywords used in your listing. Always look for newer keywords with a higher volume of searches and have an eye on voice-based keywords as most people in the US are searching products through voice commands on Google and Siri. It is always recommended to use Amazon FBA Paid tools for searching keywords that have high volume and less competition which help us to rank product in less budget. This is an ongoing process.
3. Reviews
In any online business what matters are reviews at the end of the day, it matters how many people are giving you 5-star reviews to recommend your product to others? Negative reviews have equal impact and importance you need to check on negative reviews and interrogate them about the reason the customer is facing issues with the product. It will help you in quality assurance of your product and maintain a close bonding between customer and seller. It is always advisable to handle all the negative reviews politely and the customers should be compensated if required.
5. Sales Velocity + Conversions
Your choice reach a lot about Amazon love condition thou may show a regular sales speed (sales above time), united together with a solid conversion dimension (meaning now people click over your checklist a strong proportion of them buy).
Your conversions wish to enter from making sure thou bear multiplication images, copy, key phrases & excessive stricture ratings regarding checklist ensuring object is both relevant then attractive. Sales velocity choice takes place beyond ensuring thou hold a lot of notable site visitors clicking & converting on your listing.
So after starting the ability rolling than to help enhance rankings regarding Amazon, sending out bargain coupons every time because a unique length relying on concerning your budgets, marketing campaigns, etc. choice increase the sales velocity.
Unfortunately, you can’t come the double whammy regarding critiques anymore namely it’s against Amazon TOS about a discounted product, but thou can nonetheless conduct an open campaign and increase your sales especially rapidly over a short duration of age in imitation of assigning your product some momentum than in imitation of assuring it’s ideal over with the aid of the Amazon FBA machine!
A couple so with a focused Amazon Sponsored Ads campaign, a good notion outdoors conventional media campaign then an ‘influencer’ decrial campaign and ye hold the beginnings regarding a ‘crush it’ fashion launch!
6. Stay in Stock
When thy conversions or income start in imitation of kibble it, you’ll have an instant project over thy hands. You’ll promote out! But before ye panic, first, pat yourself on the back. Selling out of stock can prove terrible and may prove to collapse your business.
If you run out of stock, you’ll decline every your rankings done particularly your potential sales. It also opens the outlet because rivals according to outrank you. You don’t want in imitation of pass entire over your sturdy labor upon in conformity with this point – manufacture sourcing, stunning images, record optimization, or marketing – suffice after misspending. Proper inventory management software would be required for checking and balance on inventory.
After all, try increasing your profit slowly and gradually by reinvesting sales and profit. Do this for at least a year you will reach roughly $5000/month profit by just investing $5000 in the start. If you maintain your average of $5000 profit per month for a year then at the end of the year you will have $60,000 savings and now you can flip your asset for at least 20 x profits on EmpireFlippers.com. By doing the math it will be at least $100,000 plus $60,000 will be in your hand. This will not stop here now you will reinvest that money but now you will play a bigger game like per asset you will invest $20-25K per asset. Again you will repeat all the procedures you followed but this time it will take a lesser time to reach the $10,000 profit per month mark as an investment will be abundantly available with 6 months of inventory for each asset. Out of 5 assets if 3 assets will reach an average of $10,000/month profit then after another year of a consecutive average of $10K/month you will have $ 360,000 savings in a year and after flipping all 3 assets it will be nearly $600,000-$800,000. After adding all these we will cross the 1 million dollar mark easily. This is how we can convert $5000 to $1M cash in hand.
