Is Amazon FBA Dead? (Watch This Before Starting Your Amazon Business) Best Education Page #Online Earning

everyone this is stefan from

projectlifemastery.com and today i'm

being joined with matt clark from the

amazing selling machine and today we

want to talk to you guys about whether

or not amazon FBA is dead

is there still an opportunity for

someone like yourself to start an online

business on Amazon and make money from

it and we also want to discuss and share

with you guys some tips if you're

considering to start your Amazon

business there's some very important

things you want to make sure you're

aware of beforehand so that you can make

sure that you have the most success

possible so Matt thank you for coming

all the way here to Vancouver and

joining me today so the answer the

question is Amazon dead what have you

seen because you're working with

thousands of people to get started

selling on Amazon so what do you see the

opportunity the challenges with Amazon

just where it's going yeah for sure so I

mean like one interesting thing to look

at always is you know how is Amazon

doing as a company I mean their stock

prices incredibly high their market cap

or how valuable the overall company is

is incredibly high and what matters more

to you if you're looking at selling on

Amazon or you already sell on Amazon is

what are they doing in terms of revenue

because revenue is you're basically if

you're selling on Amazon you're getting

your piece of that big revenue pie and

their revenue has just been growing like

crazy and if they're a company of their

size to be growing like they are from

the revenue standpoint is insane but

it's because they have some a massive

trend in place and you know a lot of

things nowadays it's kind of like you

see it on Facebook on YouTube there can

be kind of a winner-take-all and so

Facebook has dominated almost every

aspect of social media

same thing with Amazon so Amazon has

become this massive player in this huge

underlying trend which is people buying

online it's like you know we say this it

almost feels funny I always say this I

feel like I'm like talking to my grandma

or something like that because we're

like yeah yeah we get it people are

buying online but the eye-opening part

is when you look at the stats it's still

less than 20% of all sales even though I

feel like me and you know my wife we

personally probably buy we think anyways

maybe we're just delusional think could

probably buy more like 80% online maybe

it's because of demographics or

something with a little bit younger I do

stuff on the internet I don't know

either way all that matters is there's a

lot of upside left in more people buying

stuff online

especially if you live in a country

outside I mean especially the u.s.

probably Canada as well but if you live

in a different country it's still not

quite as accessible to buy stuff online

as it is here in North America you know

over there they've made a lot of

progress and Amazon has been a big

factor in that like I know when I lived

in France for three months losing track

of how long ago five six years ago

something like that trying to buy like a

flip chart and some markers and lavell

your microphone on on online back then

was horrible is brutal like you they

don't have any selection it's impossible

all the local stores for whatever reason

to shut down in the middle of the day

it's just completely something not used

to and but now that's all changing and a

big part of it is Amazon you know more

people are buying stuff online and

Amazon is there to capture all of that

and so if you're somebody looking for a

place to sell Amazon is still a

fantastic place and the data proves it

it's not just me sitting here saying

that stuff the bigger sort of macro

level data proves it the other hand like

also have a lot of sort of anecdotal

data from our own members people that

have started brand new businesses and

are doing you know 25 30 thousand

dollars a month had a member the other

day posted that he's doing I believe

about twenty five thousand dollars he's

based out of he sells in the UK so it's

in pounds but it basically is about

twenty five thousand dollars US dollars

he's doing right now and just started

just got his first product live you know

like less than six months ago and so

lots of people like that you know takes

a little bit of a ramp up but like once

they get going and the opportunity is

just as good as ever sure there's more

competition but Amazon is also twice as

big as it is now than it was you know

say five six years ago and so it's it's

just different it's you know it's it's

not the same it's not like everyone's

going after the most competitive

products on Amazon but there's still

tons of opportunity if you know where to

look

yeah and there's also so many

marketplaces now where's you know the US

market still the biggest but Amazon has

grown massively in other countries as

well you know Australia India Japan so

what are you're seeing just in the

international growth that Amazon like

how they're expanding internationally

yeah so I mean US still does the

majority of their volume because it's

been here longer as one big factor u.s.

also is a massive economy but there's

still a lot of sales happening over

especially in Europe and Japan is

another big place two that are already

pretty established and so those are

seeing a lot of growth just because

they're big consumer markets and more

and more people are buying stuff online

and Amazon has had its foothold there

now for years and so they mean they're

growing like crazy over there I mean

Germany is huge the UK is huge

the kind of other smaller country

platforms are also growing very well

amazon spain amazon italy and lots of

other ones over there and then kind of

their more emerging markets for for

amazon anyways are things like india and

they they just went live in australia

yeah and so those ones are very exciting

if you're somebody who kind of lives

over there has access to those markets

now if you're just a brand new seller

and you're like i want to build a

business i don't really care where i

sell i wouldn't recommend going to like

india australia all right cuz there's

sure there's going to be pretty much

zero competition but the sales volume is

also not going to be as high as it is in

some of the other platforms and it quiet

hasn't reached that tipping point like

we didn't even see that some of the

european marketplaces really reach that

tipping point invite you know there's

low competition but the sales volume is

too low and so all of a sudden like the

competition ticked up a little bit over

there but the sales volume ticked up

even more competition a little bit and

sales volume ticked up tore got to the

point where we're like if you live in

europe sell in europe go sell in the UK

go sell in germany because there's

enough sales volume on there to justify

saying forget it i don't need to sell in

the US if you live in the u.s. we're

still gonna recommend you sell in the US

probably canada as well also sell in the

US but if you're over in one of those

markets then like absolutely go for it

for sure yeah there's a lot more options

right there's so many different

marketplaces that you can do research on

because the research you might do on

amazon.com of different opportunities

different trends competition might be

totally different on amazon.ca or cote

UK these different platforms so the

opportunity is grand i agree with you i

know jeff bezos

i think last year became the richest man

in the world i'm not sure if he still is

or not but just the stock of amazon and

growing so much i know

that they're expanding by they bought

Whole Foods right so an article there

saying that people are speculating that

they may buy target as well oh well just

kind of nuts I mean that's one whose

massive retailers it's been in place

forever it used to be kind of you know

the Amazon them in Walmart and now

Amazon just grown so much and then

targets like I don't know how we're

gonna make money still and so Amazon I

guess you know who knows if it'll happen

but it is interesting for sure so do you

see any other of the retail online

retailers or offline retail being any

threat to Amazon because I know there's

Alibaba

there's Walmart still Shopify of course

I think Amazon will probably buy Shopify

at some point anyways but do you see any

of those as any threat to the Amazon and

what they've been able to build yeah I

mean so we're always on the lookout I

mean we're we would love there to be

another platform that was just a massive

threat then you could go so long because

we know we can figure it out we know we

can help people really crush it on there

but like I mean we're not sitting here

we're not Amazon spokespeople like we

could care less we don't necessarily

care if it's selling on Amazon or

selling somewhere else it's just the

best opportunity it's where everyone

wants to buy it's where everyone already

has a credit card stored it's where you

can automate a lot of this stuff and

it's where there's already a lot of

buyers so it makes the process so much

easier like I don't know about you but

every time like I have to go buy

something like from a store other than

Amazon I just like instantly regretted I

don't my god I was like I don't know if

their websites gonna work yeah yeah on

Black Friday or like tons like that -

yeah it's just painful so you have to

fill out all kinds of things you haven't

had to fill out in two years on Amazon

address credit card number and all that

sort of stuff and so it's just just kind

of how the world is now so I mean I

wouldn't say there's really anything

else that is like a big threat to Amazon

I mean China is its own kind of animal

like they're very kind of closed to

outside businesses going over there and

becoming dominant players you know I

know back in the day Yahoo had some

issues eBay had issues and all that sort

of stuff and so Ali Baba and you know

some sort of other platforms over there

I do extremely well and Amazon may never

get that great of a foothold over there

so if you live in China maybe we're

having a completely different

conversation unless you want to sell

like a lot of people do in the US or in

Europe but yeah

I mean in any market outside of China I

mean there really isn't another sort of

like massive player unless you're

talking about some but I'm not honestly

that familiar with I know there's some

different platforms over and other parts

of Asia and maybe few other places like

platforms I don't live over there so I'm

not that familiar with but any the kind

of like the very sort of major

development markets I mean Amazon is

kind of the main game for sure and what

you know someone that's watching this if

they want to get started and build an

Amazon business what are some tips or

things that they should know before

venturing in before doing research

before launching a product yeah I mean

so the model that we've always taught is

not going out there and trying to you

know invent a product opportunity I mean

that's where we've seen people get in a

lot of trouble because they'll be like

you know what like I like shoes so I'm

gonna go out there and create some shoes

and I'm gonna sell them and you say

selling on Amazon is great then great

I'm gonna go sell some shoes on Amazon

and they wonder why it never picks up

why they have all these weird issues

because it's kind of a unique category

that you don't face in other categories

and then run into a lot of problems and

they don't really understand like what

happened another example is my my wife's

stepmoms family like they've owned this

steel business forever and so they have

a steel business and they went out there

and decided they were gonna sell because

they knew I helped people sell stuff on

Amazon they were gonna go sell some

steel on Amazon no can you help me I'm

like no freakin way I have no idea how

those chunks of steel on Amazon and so

the first thing is making sure it's a

product people are already buying

they're alright because otherwise you're

kind of it's a gamble like you're just

rolling the dice and hoping that you're

gonna be able to get something to take

off there you're gonna create demand out

of thin air so unless you've got some

sort of other channel that's really

working well like if you're a big brand

like I don't know how long GoPros been

selling on Amazon but just as an example

they built up his massive brand they

didn't need an Amazon to get that brand

off the ground because they had social

media and a very unique kind of branding

and direct marketing approach and then

they added Amazon I'm sure they're

selling well on Amazon because they

already had all the stuff going on

outside of there but if you're like one

of us and like if you're creating a

brand from scratch and you don't have

anything then it needs to be something

people are already buying and that's

what we know how to do that

what you can actually capitalize on

where you're kind of out marketing and

building potentially building an

audience and and that kind of thing but

it's based on existing demand not demand

you're trying to create awesome and you

guys teach the private label model so

you can find manufacturers that are

already making that product already so

you don't have to invent anything and

you can just put your own leg label your

own brand packaging branding all that

sort of stuff on it ship it to Amazon

Amazon does it and film it for you I

want to ask you to then how can you

differentiate yourself how can you stand

out from maybe other products that are

also selling a similar item on Amazon as

well yeah I mean you know the other day

you know as many people buying stuff on

Amazon there's a lot of different people

that may be buying the same exact

product but they all have different

needs so say for example like a

balancing product could be a balance

board a balance pad whatever it's kind

of a fitness product you can have

somebody who's like an elite martial

artist their needs are gonna be

different than an 80 year old person

who's trying to do some rehab so they

don't fall and hurt themselves

completely different needs completely

different products now there's different

routes you can go here so like you could

literally create a separate kind of

product that maybe has some actual

modifications to the product so not

going out there patenting and doing sort

of any of that stuff it's literally

talking with supplier and being like eh

I think this should be a little thicker

a little thinner can you maybe add a

handle here and these aren't things that

are gonna require you know six to twelve

months to get done the supplier like

yeah cool like no problem we've done

that before we can make a few

modifications not an issue or maybe it

needs to be taller so it's harder or

shorter so it's less difficult safer for

somebody's maybe older no problem so you

can do that or you can literally just

tailor the marketing the packaging the

instructions to a different market and

so this could literally be the balance

board for rehab or it could be the

balance board for elite performance so

there's lots of different ways you can

sort of really narrow in on the market

and the way you can kind of find stuff

out like that is maybe you're kind of

seeing it out there because you're

familiar with the market or you just go

out there and start researching like if

you find a product that looks like a

good opportunity read all the reviews

read all the descriptions and if this

concept makes sense for that market you

find that stuff in there you'll find

people saying and find patterns in there

where people are like yeah this is

product is great but I had this issue

and you'll start seeing that time and

time again you're like hey this is

probably a big concern of people a

market that's kind of not being met here

so that's one way to differentiate with

an existing opportunity another way is

if you kind of want to go after the same

market same opportunity you don't

necessarily want to go after a niche

within that market is to make the

product better

look at what they're doing wrong and

make the same exact product but better

better instructions better packaging

better quality address some of the

concerns people are having so you're not

necessarily trying to carve off your own

niche here which is a perfectly good

approach you're going after the same

market but you're just creating a

product that'll be more attractive to

people and so you're sort of taking over

that market awesome I love it so

summarize Amazon is still alive and well

tons of opportunity Amazon's gonna

continue to grow and expand and you know

differentiating I love that and just

making sure that you're doing the

research so that you know what people

are buying what the demands the trends

are so that you can get in front of

those peoples so I want to wrap this

video up but I want to thank you guys so

much for watching if you guys are

interested in more Amazon FBA training

videos then go to WWE my master comm /

FBA all the link in the description as

well and I'll share to guys more about

the amazing selling machine I've got

more training videos there for you as

well to learn more about the amazon

opportunity and a lot of different

subjects so thanks for watching talk to

you soon

you

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