What You’ll Learn From This Episode:
- Starting an E-comm business in Amazon
- Knowing what to sell in the E-commerce market
- Why sell in Amazon?
Related Links and Resources:
Go to https://voltgaedm.com/businessbuilders and the keyword "scaleology" that they can send to a text # listed on the thank you page, to be tracked as coming from this show. The giveaway is a 90-minute training on selling with Amazon.
Since 2012 Neil Twa has been launching, operating and growing private label businesses on Amazon FBA. He’s a cofounder of a software called Sixleaf that helps sellers launch brands. And since 2016 he’s helped 1000’s of students launch and grow their own private label brands many of whom have gone on to create amazing 6, 7 and 8 figure brands. Together they’ve sold over $100M+ In physical products across the Amazon channel. Today he’s focused on launching, operating and accessing e-commerce brands with a continued focused on Amazon FBA.
Here are the highlights of this episode:
The typical clients that Neil helps are those who's searching for a solution to build an E-comm business, the ones who believe that Amazon is a good platform to begin with. These are usually individuals who got more money than time because they're already successful in other lines of business and want to dive into E-commerce market. But to begin with, they wonder what will they sell in the first place. There's always a question of how do I make it sell, how do I make it profitable, or how do I make it grow as a business model. Because of the pandemic in 2020, the E-commerce actually boomed during this time. Retail or businesses offline realized that they should have an online presence. Customers and buyers started to adapt to this concept. Problems that these folks face is that some of their products are not profitable enough to sustain growth, or they underperform and they typically get stuck with it. Almost 70% of the sellers on Amazon or small businesses or owners. But when you learn how to use this in your favor or play by their terms and service, it can be profitable. Then perhaps later on you sell it to other channels such as eBay, Walmart, Shopify store, and a lot more.
Neil’s Valuable Free Action (VFA): The software that we have is a free 7-day trial, which gives you a tool called 'phoenix' and that gives you the ability to 'data mine' right from Amazon itself. From there you can look at products that's already selling, understand their profitability and gain an idea of what would be a profitable product. Visit www.sixleaf.com and there's a button at the top that says try for free.
“It's very important to consider the difference in approaching brand building with business building, and not just product flipping for profit & opportunity" – Neil Twa