Have you ever wondered the secret to making money while you sleep ? Well Dan and Dylan have created a system that will get you reasonably darn finale .
And they ‘re sharing their entire 6-step convention here in this post .
I ‘ll let Dan take it from here !
This article is designed for those who want to learn how to make money on-line .
flush if you have no estimate how or where to start, that is all right – because I am going to show you .
This is a blueprint ; a blueprint to building an on-line tax income flow that makes you money tied while you sleep. As a count of fact, I did $ 6,496 in sales last night while I was snoozing .
$ 23,521 in sales for the integral day, but a sock $ 6,496 came in the hours while I slept as you can see from the chart above. Did you notice the drowsy emoji around the 10:00 AM stigmatize ? I put that there because it ’ s around the time I wake up each day. sometimes earlier, sometimes later .
I get up when I wake up .
I ’ megabyte afforded this luxury because I don ’ t have a problem. I have a clientele .
I don ’ t miss my daughters ’ gymnastics practices anymore, I don ’ deoxythymidine monophosphate suffer through restless nights worrying about rumors of company retrenchment, or feel as though my talents are being squandered or grind my teeth about being underappreciated and underpay, or…..you see where I ’ m going with this .
This page is here to show you the accurate foundation of our business model bit-by-bit, so that you can copy it .
Warning: Work Required
Before we dig in, I ’ ve got warn you about something that ’ s critically authoritative. In order to make this clientele work, you have to put in the bring ! You ca n’t barely skim over this article and then expect to start making tens of thousands of dollars adjacent calendar month. It just does n’t work like that .
It ’ second true that my business generates well over a half million dollars in tax income each month and I work less than 6 hours a week in it, but I had to work my butt off over the last 5 years to get to this point. I am not an overnight success and this is not a bring rich flying scheme .
This is a “ invest in the hard work, dedicate yourself and build a feasible on-line business that will stand the screen of time ” …actionable plan .
besides, please realize that this is precisely a blueprint. I can ’ t break down everything I know and have learned about starting and operating a 7-figure Amazon business in a single web log post. What you will gain is the cognition and direction you need to get started building an on-line income for you and your family. If you are craving flush MORE, then we have this rid webinar coming up good for you !
You have now been thoroughly warned. If you amply understand that successful businesses are built not by chasing unicorns, but with sweat equity…then you should continue read .
The Wholesale Formula
The system my business partner Dylan and I have used to create a multi-million dollar on-line commercial enterprise is not new or revolutionist in any way. actually, it has existed reasonably much everlastingly .
It ’ s the same system used by Wal-Mart, Target, and Costco .
The arrangement, in its simplest form, is this :
It in truth is that simple. We buy low ( wholesale prices ) and sell gamey ( retail prices ) .
We call this process wholesale .
now here is the hidden sauce ; the thing that makes the wholesale business exemplar possible for barely the average person like you and me to replicate .
I repeat : Amazon.com
For decades, the hardest part to replicate in the business model for the average Joe was separate C. ) putting products in front of enough customers. It required a distribute of money to have adequate retail space to store and display all that product, and flush more money for the commercialize and forwarding to get people into your store and buy .
Amazon has wholly revolutionized on-line clientele constantly because their massive market will do that function for you. This makes it possible for about anyone at any level, people like you and me, to start an on-line retail business .
Which leads us right into the first of our 6 steps…
Step 1 – Understand The Amazon Marketplace & Opportunity
(AKA – Amazon.com is where you are going to sell your stuff)
If you are going to be selling stuff on Amazon, it is important to understand what precisely Amazon is and how it works .
You might roll your eyes at the fact that this is a footprint at all, but I fully believe this is the most important footfall there is. The opportunity for people to wholly change their life is right at their fingertips, 24 hours a day, 7 days a week and they don ’ thymine even know it exists .
Let ’ s break it down .
Amazon is the worldly concern ’ s largest on-line market. That means more stuff is bought and sold on Amazon.com than anywhere else on-line ( and it isn ’ deoxythymidine monophosphate flush close ) .
The identify parole here is marketplace .
When you shop on Amazon and purchase a intersection, there is a truly good find that the product you bought was not actually sold by Amazon. Yes, you bought it on the Amazon web site, but the substantial seller ( the person who listed the product for sale on Amazon.com and gets paid for the sale ) is just an average Joe. Heck, it could be me. It could be the guy or gal down the street. And after finishing this blog, it could be you !
About half of all products sold on Amazon.com are sold by 3rd party sellers like me .
ready to have your wig blown off ?
Amazon did complete 100 billion dollars in tax income for 2015 and they are silent quickly growing .
Do I truly need to do the mathematics for you ? 100 billion in tax income, 50 % of sales coming from 3rd party sellers like me and Joe down the street .
WOAH ! That is a fortune of money .
Amazon is basically waving around BILLIONS of dollars just begging people to come claim it.
If you are wondering what it costs or how hard it is to sign up as a seller…well…it is FREE. After you create your sell history, you are able to start betray. It is sol easy that it would be hard for you to make up an excuse NOT to do it .
But there has to be a catch, right ? Well, sort of. Amazon takes a commission on every sale that is made on their web site ( and we gladly pay it ) .
Remember a second ago when I said for centuries the hardest part about owning a retail business was getting your products in front of as many people as possible ? If you owned a physical retail shop in your local city, on a good day you might have 50 people come into your store to browse .
By comparison, over 100 million people shop on Amazon each calendar month .
WOAH ! That is a lot of people .
Amazon provides the customer base so that you can well sell tens, hundreds or flush thousands of products every single day .
But what about the delivery of those products ? evening if you were able to sell that many products, how would you actually go about shipping out all those orders ?
Well…Amazon will actually do all that for you besides. And more .
Which leads us to our next step…
Step 2 – Understand the Amazon FBA Program
(AKA – How you can sell millions of dollars’ worth of products without ever having to physically see or touch them)
FBA, or Fulfillment by Amazon, is Amazon ‘s third-party fulfillment system .
It is easily one of the most revolutionary leaps forth for business in the end half hundred. It is precisely what has enabled Amazon to generate half of its retail gross from 3rd party sellers .
To explain what precisely FBA is, I will let you hear it straightaway from Amazon themselves with this 90-second television .
With FBA, Amazon will store all your products in their warehouse, homework and ship the products to customers for you, and handle all customer overhaul and returns .
This means you can have your product suppliers merely embark directly to Amazon ’ south warehouses. You can literally sell millions of dollars ’ worth of intersection without ever having to physically see or touch it.
With FBA, you can accomplish by yourself from your live board what would have taken a warehouse and a team fully of employees merely 10 years ago .
so, what does it cost to enroll in FBA ?
This is the crazy separate. enroll in the Amazon FBA program costs you nothing up presence. You entirely pay a per item fee for products when they actually sell .
Step 3 – Create Amazon Seller Account and Sign Up for FBA
(AKA – Take 15 minutes of time out of your day to change your life)
This is the fastest and easiest footprint. I have already gone into contingent about the benefits of selling on Amazon and using the FBA program .
All you have to do here is give. Commit to whatever it is you want to accomplish. With Amazon FBA, you can go a big or little as you want .
Whether you fair want to make extra money to save up for that vacation your husband/wife constantly wanted, or you want to build a highly profitable business that will serve as a survive bequest for you and your class, it is all possible with FBA .
To get start making those goals a reality, all you have to do is set up an Amazon seller account .
You can create your seller account right here :
hypertext transfer protocol : //www.amazon.com/sell
Step 4 – Find Products to Sell
(AKA – Don’t reinvent the wheel; find the most popular wheel and sell it!!)
so, what do I sell ?
The suffice to that doubt is identical childlike. I sell what people are buying .
Picking the correct products is the keystone to a successful e-commerce business. You make the wrong move here and you will end up spending your money on a bunch of debris that never sells.
Our framework for identifying products that will sell fast and make you money is a huge pillar of our trail program The Wholesale Formula .
I have some good news program and bad news about that .
The bad news program is that The Wholesale Formula is only open for a few weeks a year. We alone conduct the program a couple times per year and registration broadly lone lasts about a workweek. The program is besides not cheap. We don ’ metric ton just go around giving away ALL of our business secrets for detached .
The good news ? I will give you a sum up interpretation of how we informant products right here .
Sourcing = The serve of searching for products to sell .
There are two ways people traditionally source for products to sell on Amazon :
1. ) Going to tradeshows or signing up for accounts with distributors and wholesale companies. They will then go through those companies ’ giant catalogs of branded armory to find products they can buy to productively resell on Amazon .
2. ) Contacting taiwanese manufacturers and having them put your own stigmatize name on generic products that you will launch on Amazon. This process is called private label .
We don ’ triiodothyronine do either of those things.
Both of those strategies for sourcing products are harder, more fourth dimension intensive and hazardous .
How we informant starts with our Reverse Sourcing concept. It is one of the major things we have developed that allowed us to succeed where many others have failed .
With Reverse Sourcing, we do things the dependable and easy means .
You don ’ t have to take big risks to make big money. not on Amazon .
Enter our method of Reverse Sourcing .
We start our search for products on Amazon itself. Remember when I said that you want to sell what people are buying ? Well, Amazon actually tells you how much people are buying a product right there on the product page. It is called Amazon Best Sellers Rank .
And with some quick mathematics, you can even estimate how many of that product you can sell per month .
It ’ south very is a formula to achiever and is a hallmark to how we came about the name The Wholesale Formula .
After we have used our recipe to identify bang-up electric potential products comes the next step, which again is very different from conventional wisdom in the industry .
We don ’ metric ton go to major distributors or wholesale companies to purchase those amazing potential products we merely found on Amazon. rather, we cut out those middlemen and go true to the source .
We reach out to the sword owner to open up a wholesale account with them directly .
When you buy direct, you get the best possible price. And when you get the best price, you make the most money!
Step 5 – Learn How to Buy Products Brand Owner Direct
(AKA- Buy a cow from a farmer instead of milk from the store)
This may be the trickiest depart of our blueprint .
It makes perfect sense that cutting out the contact and buying direct is going to make you more money, but if it were that simpleton, everyone would be doing it .
Oftentimes, trade name owners won ’ metric ton approve precisely anyone to sell their products on Amazon. Their post is their integral life ’ sulfur work and they don ’ thymine entrust it to merely anyone. They are looking for certain qualities and attributes in their on-line sellers .
This separate of the process is what we call The Great Filter. That ’ sulfur because this is where the majority of people fail with this clientele model. They never figure out how to break through and get approved to sell these amazing products .
fortunately, we have cracked the code .
There are 2 primary attributes brand owners are looking for
They want sellers who :
1. ) Appear professional & trustworthy
2. ) Add prize to their products and post
Let ’ s analyze these a short deep. How do you appear more professional and trustworthy ? Well, for one you have to remember that this will be a business to business kinship, so you actually want to appear and present yourself as an actual business .
( You know, don ’ t transport emails using a Hotmail address ; stuff like that. )
Having a professional occupation web site that represents your party is a capital way to help legitimize you in their eyes .
When it comes to adding value to their products and brand, it ‘s pretty bare. They want sellers that will contribute to the growth of their sword. They don ’ thymine want a bleed that is going to sell their intersection and nothing more .
You add prize by doing things like improving the product page on Amazon, running pay-per-click advertise, and a ten thousand of other ways. Some of these may seem daunting, but trust me, they truly aren ’ thymine. We learned them on our own and have taught hundreds of The Wholesale Formula students how to successfully add value to brands, so don ’ t concern, you can figure it out besides .
You precisely have to ask yourself a simpleton question – “ What is one thing I can do that will increase the sales, percept or exposure of this product/brand ? ”
The suffice to that question is how you add value, and it is how you will convince a ship’s company to approve you as a seller .
once you ’ ve mastered this, it is like having a license to print money .
Step 6 – Sell Products on Amazon
(AKA – Imagine having the world’s largest 24-hour convenience store fully ran by robots)
This is the playfulness part. Checking your phone to see how many products you have sold, and how much you ’ ve done in sales. It badly becomes addicting. You will be doing it constantly .
Because you are using the world power of Amazon FBA, you have a all-out clientele operating around the clock. After you watch a movie on Netflix, you check your phone and “ Oh, I did $ 1,100 in sales during that movie ”. possibly you hit the beach for a few days, come back and check your earphone “ Bam ! I did $ 8,430 in sales while I was catching that surf and sunday. ”
If this sounds wholly bum and absurd, that ’ mho because it is. It is absolutely absurd, but it is all true and it is all real .
Step 7 – A Bonus Step!
Watch our Live Training
Dylan and I are hosting a series of a free workshop all about the Reverse Wholesale method starting on January 30, 2020 .
This educational series is perfect for modern or feel Amazon sellers who want to learn more about running a profitable Amazon occupation with wholesale sourcing. Click here to learn more about the workshops and secure your spot !
Thanks Dan ! That was a fortune of big information on how to get started selling on Amazon using the wholesale business model.
Be certain to sign up here to join their approaching train !
Do you have any questions about how the wholesale business model works on Amazon ? Or have you gone through The Wholesale Formula and seen success with it ? Let us know in the comments below 🙂