Don’t Sell on Amazon UNLESS You’re Serious About It – Amazon Seller Secrets Revealed
Those who venture to sell on Amazon do so with many preconceived ideas about what it takes to enter the Amazon marketplace.
It’s important for anyone who has an interest in the business to recognize their own limits as potential Amazon sellers. There’s so much that goes into the business that involves taking calculated risks, a long-term business plan, and a grounded outlook.
In this episode of Amazon Seller Secrets Revealed by the AMPM Podcast, our guests talk about what it takes to be a contending seller and who shouldn’t sell on Amazon.
Today’s question that touches on the types of people who’re trying to sell on Amazon though probably shouldn’t is:
“Who or what type of person should NOT sell on Amazon?”
See the full Amazon Seller Secrets Revealed video here:
Here is a more in-depth look at the expert answers:
The types of people who probably shouldn’t sell on Amazon are…
Chris Jones, Zonlife Success
“My name is Chris Jones from Zonlife Success that’s ‘Zon’ not ‘Zone.’ I’m 26 years old from the UK. I’ve been selling Amazon FBA strictly private label for the last three years now.
So the person’s looking for quick results, overnight success, get rich quick scheme. This isn’t for you… like this is not for you. And if you want that cash in your hand straight away, you go and wash a car, go and do door-to-door sales. This is for that someone who’s wanting that longevity of success. Looking for financial freedom. This isn’t even like a game or a hobby… for many people who think of us as just like, ‘Oh, they just sell stuff on Amazon.’ This is an actual business. You form an LLC, a limited company. This is like real.
Seth Kniep, Just One Dime
“This is Seth Kniep – ‘kneiping’ it real. I started with a single dime and I doubled the dime 20 times up to $100,000. Today I work with a team of nine coaches who coach people how to build their businesses on Amazon in 89 different countries around the world.
That’s a really good question because people ask this all the time.
Someone who does not understand the value of risk and reward.
I work with many people and some people I’ve worked with have this romantic idea that they’re going to go out there just going to start selling on Amazon. They’re going to make a ton of money. They’re going to fire their boss. They’re going to say, ‘Yes! We did it!’ And they’re going to travel the world.
And that’s all true and it can happen. But you have to switch your mentality from a security nine to five and ‘get my paycheck’ and ‘I have my benefits’ mentality to, ‘I’m naked, I’m on my own, I’m on the street, and I got these assets.’
How am I going to handle these in such a way that’s going to take care of me and build a business? It’s a different mindset.
So, here’s what I do. I take every decision and I put risks on one side and the rewards on the other, and I ask which one wins. If the risks are higher then I’m not going to touch it. If the rewards are hired, the potential rewards, I’m going to do it and dive straight in.”
Danny Carlson, CEO of Kenji ROI – Amazon Seller Services
“Hey guys, my name is Danny Carlson. Been selling on Amazon for about two years and I have an Amazon agency Kenji ROI where we help brands succeed on Amazon.
He can’t sleep at night with large amounts of uncertainty.
Because on Amazon you’re constantly going to be having game-changing… TOS changes coming at you; sneaky black hat tactics; so many competitors trying to get your account suspended. Then there also is a risk of getting suspended on Amazon.
There are so many variables that if you can’t deal with that uncertainty, you’re probably going to make some pretty rash decisions with your money and your business.”
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