Tony & Vik Blog

TONY & VIK

BUILD | GROW | PROSPER

Why Amazon?

Build quickly an online business, and grow your sales in the largest “shopping centre” of the world - Amazon.

Five Things You Need To Prepare Before You Launch, Optimize, And Rank Your Amazon Listing

September 07, 2018

While waiting for your product to arrive the Amazon warehouse, take this time to prepare your listing.

Keep in mind that this is your selling proposition, which is based from all the researches we have done.

Most Amazon sellers do not conduct this research that is why it is our competitive advantage to have all these information we can use to create a better listing from our competitors.

By Roxie

September 07, 2018

Five Things You Need To Do With Your Product Before You Ship It To Amazon Warehouse

September 03, 2018

After we have done our researches for the perfect first product, we are now going to source for the right supplier.

It is important you know what makes your product stand out from the rest of the crowd, ensure good quality, and ship it fast to Amazon.

By Roxie

September 03, 2018

Five Things You Need To Research Before You Start Your Amazon Business

August 29,2018

Every successful journey, started with a simple research. The journey can be about your academics, food, health, fitness, travel, or business.

We need to do our research before venturing out to the unknown.

Why? It’s because of self-preservation. It is in our nature to have the sense of security even though we know it’s risky.

How’s that even possible to be secured when it’s risky? Well, before you know it’s risky, you already did your research. You’ve read somewhere what are the pros and cons.

You know the success rate when you do this. And, you know what you will lose when you fail. With these knowledge, you are secured with yourself that this risk is worth taking, especially with the prize that’s waiting for you at the end.

With Amazon business, there’s also risk but more gain, especially when you do your researches right. You already know how much you will risk or invest when you start your Amazon business. We listed below the five things you need to research before you start your Amazon business.

This list will save you time and lessen your probability of making a huge mistake.

Here’s a step-by-step process on how you can identify a product opportunity:

When you have found your product, identify your potential competitors and evaluate their listing; identify the keywords where the product is most popular; and, analyze if you can make better main image than your competitors.

Then, rate your competition according to the following levels so that you’ll know how low the competition is:

Tip: the lack of images is the best indicator of low competition.

There are few tools that you can use for product research: Unicorn Smasher or Jungle Scout. You can also use this Product Research Sheet for your product opportunity.

#2 Patent Research

After identifying the product you want to sell, you have to know if your brand or product has existing trademark by doing patent research.

Amazon takes intellectual property very seriously.

The challenged is that, it’s impossible to be 100% certain that it’s not already patented since it usually come and go, and they are market-specific (e.g.US, Canada, Europe, and China).

However, it must not discourage you to continue your progress. To minimize risk, order minimal inventory at first. You can start with your first 100 units and Amazon will accept that.

You can start your patent research in different marketplace below:

Tip: When there are a lot of sellers selling exactly the same product, it’s an indication that it’s not yet patented.

#3 Profitability Research

When doing the profitability research, you need to ask potential suppliers of your product for the manufacturing cost, minimum order quantity, how long does it take for them to finish the inventory, and shipping cost to US.

You can find these potential supplier in www.alibaba.com, tick the “Golden Supplier” and “Trade Assurance” box because these are trustworthy.

Use the Product Research Sheet under the Key Information Tab to input the details that you gathered.

From there, you can calculate the total investment cost, net profit, and gross profit when you start selling on Amazon.

#4 Product Market Research / Perfect Product Blueprint

In this research, we will collect the information about the product idea we want to sell.

Read and study the competitor’s reviews to understand the needs of our potential customers.

The customer’s reviews will give us valuable information, such as possible quality, usability and safety issues, which we need to avoid when we are sourcing our product from China, evaluating samples, or creating listing and the content.

Eliminating these issues will make our product the superior one in the market.

Use this Product Blueprint Template to guide you while making your product market research.

#5 Listing & Shipping

Create your listing using UPC code and make a dummy shipping plan in your Amazon Seller Central so that you’ll know if Amazon will allow you to sell your product.

Amazon may require certification/s for your product that you have to ask from your supplier before allowing you to sell your product.

Later, when you confirm that you will continue with the product, you will print out the shipping label, and send it to your manufacturer.

It is important to do this before paying your supplier in full.

Once you have paid them in full, if Amazon asked for additional, i.e. certification, and you didn’t get one from your supplier, then they are no longer obligated to give you the said certification.

Watch this video on how you can create Amazon Listing and how to create Amazon Shipping Plan

Bonus: Plan of Action

We need to create a plan of action with all the information we have collected because our intention is to release better product that is currently on the market.

In the Product Blueprint Template, there are questions about product complaints, including quality, usability, instruction, and other issues.

With that information, we will create a plan of action for our sourcing by making a list that you need to discuss and negotiate with your supplier if they can prevent the issues on your list, including its additional cost.

Through this, you will learn and understand if that product idea is a good one or not.

Otherwise, look for another product that’s very profitable and will allow you to dominate the market.

By Roxie

August 29, 2018

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How Much Do You Need To Invest To Start Your Amazon Business?

August 22, 2018

After knowing all the stages you need to accomplish to have a successful Amazon business,

I bet you are wondering how much do you need to invest to start your Amazon business, what is the minimum amount that you can invest,

and what is the good-enough-money to invest to start your Amazon business.

You also wonder where do you put all these investments. Read through this blog to know the items that you need to put money to and which item is optional.

Stage 1: Research & Development

On this stage, you need to open your Amazon Seller Central Account that’s worth $50.

You will also need to have your research tool so that you will have all the information you need for proper planning and execution of your Amazon business.

There are free research tool available, but our most recommended is the Jungle Scout which will cost you $97.

Total: $50 - $147

Stage 2: Sourcing & Shipping

When you have chosen your product to sell, the ideal cost when you order your product is between $50-$500.

Once your items are finished, it’s optional if you want a third party to inspect your product or not.

But, this may cost around $200. When you are satisfied with your items, you can ship it to Amazon that will cost $50 - $500 if you choose small and lightweight product.

Total: $100 - $1,200

Stage 3: Listing Preparation

You can prepare the listing yourself, which will cost you nothing.

However, you may opt to hire a copywriter and someone who will do your Amazon Images that costs $200 each.

It is advisable to hire someone to do these tasks for you especially if you don’t have the skills to do it properly, and the time to learn how to do it.

Speed is important when you’re just starting your Amazon business.

Total: $0 - $400

Stage 4: Launch, Optimization, & Ranking

When you are done with your Amazon listing, you need to advertise it to make that first sale.

Amazon Advertisement costs $100.

You can also do product ranking giveaways to entice more people to click your listing, which will make your keyword ranked up and indexed.

It is advisable to give away 80 units of your product. This will cost you 80 x your 1 unit product cost.

Total: $100 and above

In conclusion, you can invest for as low as $250. However, you have to allot more time to accomplish everything before you can make that first sale.

This can jeopardize your momentum to have that first sale.

If you want good quality product, more time to accomplish everything, and quick set-up of your Amazon business, you will have to invest at least $1,000.

This is a good enough investment that you will earn back when you complete your product launch and ranking.

There are so many people You can’t imagine how many people buy on Amazon.

There’s no faster way to earn back these small investments with this business model.

By Roxie

August 22, 2018

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Four Stages You Need To Accomplish To Have A Successful Amazon Business

August 20, 2018

Amazon is the biggest e-commerce platform that gives convenience to their sellers by having also the biggest fulfillment center, Fulfillment By Amazon (FBA).

For these reasons, it is no wonder why you want to start your online business with Amazon.

However, you also wonder what are the things you need to do to become successful without

wasting a lot of time, money and energy because of the common mistakes you might encounter.

You are in luck! Because with Amazon Mastery Course, we will discuss these stages you need to accomplish to have a successful Amazon business.

But before we have an in-depth discussion for each stage, here’s an overview of what you will expect to learn with Amazon Mastery Course.

Stage 1: Research & Development

In this stage, we will discuss the different kinds of research you need to do before we decide which product you would want to sell.

We will start with finding your product opportunity, do some patent research, profitability research, product blueprint, creating Amazon listing, and create your plan of action based from the result of these researches.

Doing these researches will not take a lot of your time if you know where to find the answers

to your questions.

This is the most important part since this will make or break your Amazon business.

It is crucial that you learn and understand the business and your product before investing

a lot of your time and money so that it will not go to waste.

Stage 2: Sourcing & Shipping

This is the stage where we source the supplier that will reproduce your chosen product and

shipped it to Amazon.

Your product must have that X-factor wherein customers will prefer and buy your product rather than your competitor’s product.

Once you have identified that X-factor and relayed it to your supplier, you will ask for product samples. Then, you will order your product, inspect your product, and ship your product to Amazon.

Stage 3: Listing Preparation

While waiting for your product to arrive to Amazon, it’s now time to prepare your listing.

You need to do some keyword research, copywirting, listing images, listing activation,

and getting reviews.

Since no one knows your brand at this point, all of these steps are crucial to get your first sale.

Stage 4: Launching & Ranking

Once you have received that first sale, it’s time to boost your product through launching and ranking.

In this stage, you are already making sales on Amazon but you need to increase it in order to have your Return of Investment (ROI) faster.

You have to launch your Amazon ads, evaluate your listing, optimize your listing, rank your

product, and do some continuous improvement.

Knowing all of these stages will give you the clarity that you need to plan and execute your business plan effectively and efficiently.

This knowledge gives you a competitive advantage with your competitors who

doesn’t follow these stages.

In-depth discussion about these stages is discussed on the Amazon Mastery Course here: https://www.tonyandvik.com

By Roxie

August 20, 2018

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Reasons Why Amazon Is The Best Place To Start Your Online Business

July 25, 2018

There are many sales platform out there that we can use to start our online business.

But, why Amazon?

In this blog, we will discuss the reasons why Amazon is the best business opportunity and a great place to start your own eCommerce empire.

1. Amazon is a mammoth

Amazon is a huge player that you definitely cannot ignore.

In 2017, Amazon’s annual net sales revenue is $177.87B, Google is $109.65B, eBay is $9.6B, Alibaba is $39.9B, Apple is $229.23B, and Walmart is 481.32B.

Noting that Amazon’s founder, Jeff Bezos, has a net worth of $143.1B and the first person to top $100B as number one is Forbes list of the World’s Billionaires.

Amazon is the Top Online Retail Store with 1.87 billion average monthly traffic and 54.1% traffic share, followed by eBay and Walmart.

For this reason, the odds of getting customers and produce sales are highly in your favor even for a small start-up business.

2. Amazon invest heavily into growth

September 13, 2018

Amazon has more customers due to its Amazon Prime subscription wherein they offer more deals, discounts, and promos to their Prime members.

Likewise, they expand their marketplace outside of US and acquire market share in existing these marketplaces.

All of these can be used to our advantage as an Amazon seller.

3. Amazon has traffic

There’s a saying that goes like this, “go where the money is”.

Did you know that every other dollar in US eCommerce goes to Amazon?

So, that shows how huge of a player Amazon actually is.

They already have a huge amount of traffic in their website, especially in the US; It’s a safe and secure place to buy; and, people are already familiar how Amazon works!

Thus, you don’t need to get the buyer’s trust because Amazon has it.

4. FBA (Fulfillment By Amazon)

Amazon is the one handling the heavy part of eCommerce – logistics.

They handle shipment, return, and customer service related to orders.

Because of this, Amazon sellers can concentrate mainly on marketing and product listing optimization.

5. Amazon has 12 marketplaces.

Amazon already reached these 12 marketplaces:

USA, Canada, Mexcio, UK, Germany, France, Italy, Spain, Japan, China, India, and Australia.

They use similar/the same platform across all marketplaces, that’s why, it would be easy for you to use different marketplaces once you master one.

Also, they have the resources to break through in each market. So, there are more marketplaces to come as they expand.

6. Amazon provides scalability

Even if you sell in one Amazon Marketplace, for example in USA, you can still grow really fast and BIG.

But, of course, our target customer is worldwide, which we can use Amazon for to sell our products globally in the comforts of our home.

7. Amazon seller registration is fast to set-up

It’s quick to register and set-up your Amazon Seller Central account and you can start selling the same day.

8. Amazon is as passive as eCommerce can be

Building your Amazon account means building your own brand.

Unlike affiliate marketing or retail arbitrage where you sell other people’s products,

Amazon gives you the opportunity to sell your own product with your own brand, which you can sell later on if you choose to exit the business.

There’s a big demand for Amazon businesses (brands selling on Amazon) in US right now.

This means that there are a lot of buyers looking to acquire brands that are selling on Amazon.

By Roxie

July 25, 2018

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Articles

All Articles

Five Things You Need To Do To Succeed On Amazon

Five Things You Need To Prepare Before You Launch, Optimize, And Rank Your Amazon Listing

Five Things You Need To Do With Your Product Before You Ship It To Amazon Warehouse

Five Things You Need To Research Before You Start Your Amazon Business

How Much Do You Need To Invest To Start Your Amazon Business?

Four Stages You Need To Accomplish To Have A Successful Amazon Business

Reasons Why Amazon Is The Best Place To Start Your Online Business

Read Next Article

Featured

Reasons Why Amazon Is The Best

Place To Start Your Online Business

July 25, 2018

Photo by John Schnobrich on Unsplash

There are many sales platform out there that we can use to start our online business.

But, why Amazon?

In this blog, we will discuss the reasons why Amazon is the best business opportunity and a great place to start your own eCommerce empire.

1. Amazon is a mammoth.

Amazon is a huge player that you definitely cannot ignore.

In 2017, Amazon’s annual net sales revenue is $177.87B, Google is $109.65B, eBay is $9.6B, Alibaba is $39.9B, Apple is $229.23B, and Walmart is 481.32B.

Noting that Amazon’s founder, Jeff Bezos, has a net worth of $143.1B and the first person to top $100B as number one is Forbes list of the World’s Billionaires.

Amazon is the Top Online Retail Store with 1.87 billion average monthly traffic and 54.1% traffic share, followed by eBay and Walmart.

For this reason, the odds of getting customers and produce sales are highly in your favor even for a small start-up business.

2. Amazon invest heavily into growth.

Photo by rawpixel on Unsplash

Amazon has more customers due to its Amazon Prime subscription wherein they offer more deals, discounts, and promos to their Prime members.

Likewise, they expand their marketplace outside of US and acquire market share in existing these marketplaces.

All of these can be used to our advantage as an Amazon seller.

3. Amazon has traffic.

There’s a saying that goes like this, “go where the money is”.

Did you know that every other dollar in US eCommerce goes to Amazon?

So, that shows how huge of a player Amazon actually is.

They already have a huge amount of traffic in their website, especially in the US; It’s a safe and secure place to buy; and, people are already familiar how Amazon works!

Thus, you don’t need to get the buyer’s trust because Amazon has it.

4. FBA (Fulfillment By Amazon).

Amazon is the one handling the heavy part of eCommerce – logistics.

They handle shipment, return, and customer service related to orders.

Because of this, Amazon sellers can concentrate mainly on marketing and product listing optimization.

5. Amazon has 12 marketplaces.

Amazon already reached these 12 marketplaces:

USA, Canada, Mexcio, UK, Germany, France, Italy, Spain, Japan, China, India, and Australia.

They use similar/the same platform across all marketplaces, that’s why, it would be easy for you to use different marketplaces once you master one.

Also, they have the resources to break through in each market. So, there are more marketplaces to come as they expand.

6. Amazon provides scalability.

Even if you sell in one Amazon Marketplace, for example in USA, you can still grow really fast and BIG.

But, of course, our target customer is worldwide, which we can use Amazon for to sell our products globally in the comforts of our home.

7. Amazon seller registration is fast to set-up.

https://services.amazon.com/selling/getting-started

It’s quick to register and set-up your Amazon Seller Central account and you can start selling the same day.

8. Amazon is as passive as eCommerce can be.

Building your Amazon account means building your own brand.

Unlike affiliate marketing or retail arbitrage where you sell other people’s products,

Amazon gives you the opportunity to sell your own product with your own brand, which you can sell later on if you choose to exit the business.

There’s a big demand for Amazon businesses (brands selling on Amazon) in US right now.

This means that there are a lot of buyers looking to acquire brands that are selling on Amazon.

Content

Featured

Reasons Why Amazon Is The Best Place To Start Your Online Business

Featured

Reasons Why Amazon Is The Best

Place To Start Your Online Business

July 25, 2018

Photo by John Schnobrich on Unsplash

There are many sales platform out there that we can use to start our online business.

But, why Amazon?

In this blog, we will discuss the reasons why Amazon is the best business opportunity and a great place to start your own eCommerce empire.

1. Amazon is a mammoth.

Amazon is a huge player that you definitely cannot ignore.

In 2017, Amazon’s annual net sales revenue is $177.87B, Google is $109.65B, eBay is $9.6B, Alibaba is $39.9B, Apple is $229.23B, and Walmart is 481.32B.

Noting that Amazon’s founder, Jeff Bezos, has a net worth of $143.1B and the first person to top $100B as number one is Forbes list of the World’s Billionaires.

Amazon is the Top Online Retail Store with 1.87 billion average monthly traffic and 54.1% traffic share, followed by eBay and Walmart.

For this reason, the odds of getting customers and produce sales are highly in your favor even for a small start-up business.

2. Amazon invest heavily into growth.

Photo by rawpixel on Unsplash

Amazon has more customers due to its Amazon Prime subscription wherein they offer more deals, discounts, and promos to their Prime members.

Likewise, they expand their marketplace outside of US and acquire market share in existing these marketplaces.

All of these can be used to our advantage as an Amazon seller.

3. Amazon has traffic.

There’s a saying that goes like this, “go where the money is”.

Did you know that every other dollar in US eCommerce goes to Amazon?

So, that shows how huge of a player Amazon actually is.

They already have a huge amount of traffic in their website, especially in the US; It’s a safe and secure place to buy; and, people are already familiar how Amazon works!

Thus, you don’t need to get the buyer’s trust because Amazon has it.

4. FBA (Fulfillment By Amazon).

Amazon is the one handling the heavy part of eCommerce – logistics.

They handle shipment, return, and customer service related to orders.

Because of this, Amazon sellers can concentrate mainly on marketing and product listing optimization.

5. Amazon has 12 marketplaces.

Amazon already reached these 12 marketplaces:

USA, Canada, Mexcio, UK, Germany, France, Italy, Spain, Japan, China, India, and Australia.

They use similar/the same platform across all marketplaces, that’s why, it would be easy for you to use different marketplaces once you master one.

Also, they have the resources to break through in each market. So, there are more marketplaces to come as they expand.

6. Amazon provides scalability.

Even if you sell in one Amazon Marketplace, for example in USA, you can still grow really fast and BIG.

But, of course, our target customer is worldwide, which we can use Amazon for to sell our products globally in the comforts of our home.

7. Amazon seller registration is fast to set-up.

https://services.amazon.com/selling/getting-started

It’s quick to register and set-up your Amazon Seller Central account and you can start selling the same day.

8. Amazon is as passive as eCommerce can be.

Building your Amazon account means building your own brand.

Unlike affiliate marketing or retail arbitrage where you sell other people’s products,

Amazon gives you the opportunity to sell your own product with your own brand, which you can sell later on if you choose to exit the business.

There’s a big demand for Amazon businesses (brands selling on Amazon) in US right now.

This means that there are a lot of buyers looking to acquire brands that are selling on Amazon.

By Roxie Lawas

July 25, 2018

Content

Featured

Reasons Why Amazon Is The Best Place To Start Your Online Business

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