Selling on Amazon is one of the hottest side hustles around, and I’m not talking about selling books!
In this show, we’ll dive into sourcing and selling your own physical products on Amazon by finding what’s hot in the marketplace, making smart purchases, and out-marketing the competition.
I’m joined by Andy Slamans, an Amazon seller who turned his online side hustle into a full-time business this May, and expects to finish the year with over $400,000 in top line revenue. (And $33k in 30 days and over $5k in one day on Cyber Monday!) Incredible!
Thanks to Maggie Cuson for the introduction!
On the call we take a deep dive into some best practices and tactics to set yourself for Amazon success. In fact, the episode runs a little longer than normal because there’s so much to cover.
This is a completely different animal from the retail arbitrage FBA business we’ve discussed before, and doesn’t involve going to the store and scanning dozens of items hoping to find a mismatch opportunity.
If this is a side hustle you’re interested in pursuing further, Andy and Maggie are launching a course teaching all the ins and outs of this importing and private labeling business. I don’t have an affiliate link for the course, but if you do sign-up and put “nick” or “side hustle nation” in the comment box I might get some credit :)
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Inside Andy’s seller account:
Learn:
- How private labeling works and how Amazon makes it easy to participate.
- How to identify profitable products on Amazon.
- The types of products and metrics to look for.
- The “3x Rule” for pricing and profitability.
- How to screen for reputable suppliers on Alibaba.
- Andy’s negotiation tip for dealing with Chinese manufacturers.
- The time he made a bad buy and how you can avoid the same mistake.
- Best practices to set up your Amazon product listing page.
- How to generate some initial sales and reviews for your products.
- Andy’s #1 tip for Side Hustle Nation.
Links:
- SlamazonPrivateLabel.com (dead link, replaced with AmazingFreedom.com)
- Andy’s weekly free spreecast on Amazon selling. (discontinued)
- Alibaba.com
- AliExpress.com
- Crazy detailed post on how Amazon’s search rankings work
Your Turn
Pretty fascinating business, right? What do you think — viable side hustle?
Download the Free PDF "Highlight Reel" from this Episode
With all of my guest's top tips and resources included.
Enter your email to access it now:
Success! You just unlocked the highlight reel from this episode ... AND over 200 other subscriber-only bonuses. Check your email for details :)
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Enjoyed the podcast! Was wondering when you purchase these products to private label are they coming with a UPC or some sort of bar code that would satisfy the requirement for Amazon?
Hi Heather! When you purchase the items, they may or may not come with a UPC. UPC codes can be purchased on eBay and used to create the listing on Amazon. There are a number of reputable sellers on eBay that offer the UPC codes. They are just needed for the listing on Amazon. When you put together a shipment, you’ll use a separate Amazon label for your item.
Hope that helps!
Hi maggi…. Do you mind if I can ask you few questions via email…I am really trying to start doing private labeling…..it would be very much helpful, if u can clear me on some questions…..
Hey guys, awesome podcast.
I just had one question re: the onion goggles example.
http://www.amazon.com/RSVP-International-Onion-Goggles-Black/dp/B0014SQU1A/
Looking at the product page, it says that it’s made by RSVP, but “sold by” MetaRetail. There are also numerous other sellers in the buyer’s box to the lower right hand side.
My question is: I thought the point of private labeling was that it was a branded product, so that ONLY YOU could sell it?
How are there numerous other sellers that are able to sell a private label product? Shouldn’t only the private label seller — RSVP — be able to sell this?
If you look at the other products by RSVP (click on it) that are available on amazon, you can see that most of their items have many sellers.
In this case RSVP makes their own branded products, and then sells them wholesale to others, some of whom resell it on Amazon.
They simply have a different business model than someone who does private label and then sells that item themselves.
Mike – I’m pretty sure they were using the RSVP onion goggles as an example of products to look at that are already selling and that you could produce, private label and sell yourself. I don’t think they meant that this particular product was an example of somebody else who is private labeling.
Thanks for this interview Nick! As you know – I’ve been researching this topic quite a bit lately and picking up every free source of information I can find on private labeling products to sell on Amazon. Even seeing some decent success with our retail arbitrage side hustle via FBA. I definitely picked up a few tidbits in this interview that I had not heard or read before. So thanks again! I’m getting really stoked to pull the trigger on actually private labeling something.
Sweet! Definitely keep me posted … and will follow along at DPI :)
Good to hear Matthew! It can be a very rewarding experience!! .
So thrilled to have stumbled across this. I’ve learned more from this podcast than hours spent in research.
Thanks!
Thanks for doing the interview Nick!
You bet — thought you’d like this one!
Wow! Really enjoyed this! Been wanting to sell products on amazon for a while but not known how or where to get started! Will have to listen again to take it all in! Thanks Nick and Andy!
Very informative interview Nick. Thanks you.
Just one question I have is that before private labeling a product, how does one ensure that there is no infringement of patent or intellectual property rights? Are there any tools or sites that let you know that?
This information is so timely, my daughter just started doing FBA and has already made a few sales. I sent her the link for this episode because we were literally talking about private labeling a few days ago She is waiting on some samples of items she ordered using Alibaba and I am waiting for some makeup sample for my airbrush makeup videos (getting those here in the States, didn’t want to take any chances). Your info always seems to show up at just the right time for what we are doing. Glad Mike sent me your info!
GL, you can check the government patent site and have a reasonable idea. The only way to be positive is to hire a patent laeyer. Most don’t though.