I’ve got a lot of stuff “cooking” that I’m excited to share with you all in future posts. I’ve also been trying out a lot of new strategies and have been doing a lot of testing of new ideas. I’ll be sharing my findings when I have enough data to show what works and what doesn’t! Today though, I’d like to talk about a couple of major changes that my impact you and your business.
As you may be aware, today (November 17th) is the day when Amazon fully implements their new policy for DVD and media sellers. The restriction was put in place previously for new sellers, but today is the day that established sellers will be restricted from selling DVDs and Blu rays with an MSRP of $25 or higher (unless you were approved). The good news is you can still apply for an exemption from this policy. I covered this extensively in THIS post. This new restriction not only has a potential effect on your business, it also has a effect on the strategy I’ve given you to start a business! It was brought to my attention that brand new sellers are now restricted from selling media all together unless they apply for an exemption and get approval! This means my original step focused on selling media is essentially obsolete unless you can get approved. Getting approved is very possible, but in my opinion, Starting on Amazon by attempting to get into a restricted category is not the ideal way to start your business. As a new seller on Amazon.com, do you want to spend a lot of time seeking approval to sell, or start selling and make some money?! I think the answer is an obvious one!
As I’ve mentioned in a few blog posts, I’ve been working on expanding and updating the 6 steps that I’ve provided to my audience for almost a year in my free downloadable report.” I’ve put countless hours and seemingly endless energy into not just updating it, but seriously expanding the material! Several weeks ago, I “completed” the project. It was then that I was informed new sellers could not sell media at all (without approval). This made even the latest version of “step 2″ irrelevant (as I suggested finding titles under $25 MSRP). In fact, this new policy actually made the order of the steps and some of the information contained in them less than relevant. Due to this new information, I’ve decided to completely modify the 6 step process all-together! As a result, I am essentially re-writing 4 of the 6 sections and modifying and expanded on the other 2! I’m not finished yet, but I’m close! In addition to this, however, I will need to modify a lot of my other material as well to stay current with the new format of my suggested steps (which I’ll get to below.) This will be a pretty massive overhaul and will take some time, but it will get done (though I’m learning not to make promises of “release dates” until the content is finished!)
VALUE OF CONTENT:
When I first made my 6 step strategy available for download, I was told by countless people that I “should be charging” for this information. Some even told me the information in the ebook was more valuable to them than expensive paid courses they had purchased. I’ve been privileged to hear from numerous people that they have built a sustainable income stream and often an entire business thanks to the information I provided! I am grateful for this. I personally love helping people and love hearing the success stories. On the other hand, I recognize that writing a blog post takes me a fair bit of time, answering emails every day from people who read this blog can take hours of my day (if you’ve written me an email, you may have seen that it’s hard for me to not provide a detailed response!). Everything I’ve personally offered to this point has been completely 100% free. I believe the content that will be provided in the new version of the ebook is of even greater value than the original! The fact that many of you are already earning steady incomes after reading the free version tells me that there is value there. Due to the countless days weeks and months I’ve put into modifying this new version of the 6 steps, I will be charging a small fee for it, but wait, there is good news- keep reading!
GOOD NEWS FOR CURRENT SUBSCRIBERS:
A lot of you have stuck with me for a while now and I feel like I’ve built a real relationship with many of you! You’ve taken the time to read the first version of the ebook and you’ve invested your time and energy in building a business. It doesn’t seem fair to me that my loyal long-term subscribers should have to pay for information that while valuable, is still an expanded version of what you originally received. For this reason, there will be a short period of time that the revised ebook is available for FREE to current subscribers. If you are already signed up, you’ll have an opportunity to get it free. If you sign up for the first time today, will you get it for free? YES- so long as it’s not released yet by the time you read this! Anyone who signs up to the newsletter between now (November 17th) and the (currently unknown) date that the ebook is released will have a one-time opportunity to get it free- no strings attached! It will be a limited time offer, but I will email all my subscribers about it so everyone who is already subscribed at that time will have this opportunity!
THE “NEW” 6 STEPS
As I mentioned, I’ve modified the 6 steps in the new version of the ebook. The new book will have a new title and a lot of new content! The good news is, if you download the current report, you will still find 95% of it is still completely relevant and helpful. I’ve added a disclaimer to the beginning explaining the forthcoming “new” 6 steps and a suggestion of how to best utilize the current format while I finish up the new version. For those who already own the current book, I wanted to share my “new” steps below which are essentially the same, but modified and expanded. I will share a bit on each below:
1. Generate Start up Capital and Prepare for selling on Amazon.com
2. Low Risk Buying and Selling – Arbitrage and Getting Approved for selling Media
3. Buy Wholesale, Sell Retail- Connecting with Wholesale Suppliers
4. Private Labeling (Start a Brand!)
5. Outsource- Get More Done in Less Time!
6. Build Out Your Brand and Expand!
Step 1 will go through the basics of starting a legal business, setting up an Amazon account and generating some start up capital. This section is fairly brief, but I will also be offering an additional expanded report available for download with 15 methods of generating quick cash for starting up your business (this was expanded from the original 7 )
Step 2 has some great new information about arbitrage which seems to be a favorite method and money maker for many of you. I include more specifics about what types of products to look for and also cover tricks, tools and apps that will help you! In addition to this, there is an entire added section covering online arbitrage (and expanded content covering offline arbitrage). There is also a bonus section that offers more specifics about sources and ideas of where to look for profitable items also! In the second half of the step, I cover my entire strategy of getting approved for selling media (which is now optional in new version of this 6 step plan). I explain the pros and cons of media and again offer some insights to some sources you may not have considered!
Step 3 goes through the ins and outs of connecting with wholesale suppliers, what types of products to look for, how to follow trends, pick a niche, how to analyze your competition, what kind of profit margin to be looking for and more!
Step 4 (private labeling) has been a very popular step. I probably get more questions about this step than any other. For this reason, I’ve expanded on this a great deal including information on choosing designs, logo designs, picking a brand name, how to hire designers, how to contact suppliers and more! I’ve even added my proven marketing and promotion strategy that has gotten my brand new private labeled products to the top of Amazon’s search engine and have generated a significant portion of my income! Some of this is information I’ve never shared before!
Step 5 covers outsourcing much more in depth than before including what tasks to outsource, how to do it, where to find people to work with, and how to build a team. In addition, I’ve included an entire additional ebook devoted to this topic which includes additional free resources to get you outsourcing quickly and easily!
Step 6 is all about building up the brand you’ve started and expanding your business on and off Amazon! I go into detail about setting up shop on Ebay, and building websites around your brand(s) and products. This includes information about hosting, platforms and content, building out shopping carts on your sites as well as hosted shopping cart options and more! I also talk about how to use multi-channel fulfillment (using the Amazon FBA program to fulfill items that you sell on Ebay, your websites and other marketplaces) to allow a truly hands-off e-commerce experience! The goal in this step is to use the time you’ve saved from outsourcing to source more products, gain brand recognition, start more brands, expand all across the internet, and continue to grow your online empire!
I’m incredibly excited about this ebook! I have not decided on the price yet, but don’t worry- the cost will not be much… and as a reminder- just sign up below and you’ll have an opportunity to get it for free!
If you sign up before the release of the revised version of the ebook, you will get immediate access to the current version of “Build your Slice of the Pie. This version will still be incredibly valuable- just read the intro to get the most out of it! I’ll be in touch when we get close to “release date.” Thanks so much to everybody for your continued support!
UPDATE: Release information and updates will be available on THIS page