01-18-2017, 01:52 AM
01-18-2017, 03:22 AM
(01-17-2017 10:15 PM)clearmaster Wrote: [ -> ]Interested...
PM Sent.... please check your pm.... Thanks...
I've replied to your pm, thank you!
01-18-2017, 03:36 AM
(01-18-2017 12:39 AM)daveinit8 Wrote: [ -> ](01-17-2017 10:25 PM)kaymichaels99 Wrote: [ -> ]how much average time and money should we need to invest to make $1k in profit on an average?
I can't tell exactly how much money you will need to make 1k in profit. 500$ should be ok to start with, I suggest my students to start listing their items gradually, because the products gets sold quickly and you want to make sure to have money to cover the purchase of the items otherwise you might get hurt by Amazon metrics if you don't have funds to process orders right away because sales comes in too fast.
Ok this is an interesting point. So are you saying that for those of us with tons of credit this will not be an issue then. Meaning if you have say $25K in credit not being used then we would have no need to worry about sales being too rapid or losing out on Amazon metrics?
Also hypothetically given a large cash/credit reserves like 10-25K how much income can you truly produce under these circumstances and how much work would we now face with a budget like this.
01-18-2017, 07:17 AM
(01-18-2017 03:36 AM)dstoltz Wrote: [ -> ](01-18-2017 12:39 AM)daveinit8 Wrote: [ -> ](01-17-2017 10:25 PM)kaymichaels99 Wrote: [ -> ]how much average time and money should we need to invest to make $1k in profit on an average?
I can't tell exactly how much money you will need to make 1k in profit. 500$ should be ok to start with, I suggest my students to start listing their items gradually, because the products gets sold quickly and you want to make sure to have money to cover the purchase of the items otherwise you might get hurt by Amazon metrics if you don't have funds to process orders right away because sales comes in too fast.
Ok this is an interesting point. So are you saying that for those of us with tons of credit this will not be an issue then. Meaning if you have say $25K in credit not being used then we would have no need to worry about sales being too rapid or losing out on Amazon metrics?
Also hypothetically given a large cash/credit reserves like 10-25K how much income can you truly produce under these circumstances and how much work would we now face with a budget like this.
As said earlier in this thread you will get an average 25% to 30% ROI for the products sold, sometimes you can get better numbers. So basically if you have good cash to invest, then you can have a bigger listing and a bigger ROI. You will have more work to be done but this can be handled with a few tricks.
01-18-2017, 10:20 AM
(01-18-2017 07:17 AM)daveinit8 Wrote: [ -> ](01-18-2017 03:36 AM)dstoltz Wrote: [ -> ](01-18-2017 12:39 AM)daveinit8 Wrote: [ -> ](01-17-2017 10:25 PM)kaymichaels99 Wrote: [ -> ]how much average time and money should we need to invest to make $1k in profit on an average?
I can't tell exactly how much money you will need to make 1k in profit. 500$ should be ok to start with, I suggest my students to start listing their items gradually, because the products gets sold quickly and you want to make sure to have money to cover the purchase of the items otherwise you might get hurt by Amazon metrics if you don't have funds to process orders right away because sales comes in too fast.
Ok this is an interesting point. So are you saying that for those of us with tons of credit this will not be an issue then. Meaning if you have say $25K in credit not being used then we would have no need to worry about sales being too rapid or losing out on Amazon metrics?
Also hypothetically given a large cash/credit reserves like 10-25K how much income can you truly produce under these circumstances and how much work would we now face with a budget like this.
As said earlier in this thread you will get an average 25% to 30% ROI for the products sold, sometimes you can get better numbers. So basically if you have good cash to invest, then you can have a bigger listing and a bigger ROI. You will have more work to be done but this can be handled with a few tricks.
The more work you refer is that strictly just like copying/pasting orders from Amazon back to the Supplier?
01-19-2017, 12:27 AM
(01-18-2017 07:17 AM)daveinit8 Wrote: [ -> ](01-18-2017 03:36 AM)dstoltz Wrote: [ -> ](01-18-2017 12:39 AM)daveinit8 Wrote: [ -> ](01-17-2017 10:25 PM)kaymichaels99 Wrote: [ -> ]how much average time and money should we need to invest to make $1k in profit on an average?
I can't tell exactly how much money you will need to make 1k in profit. 500$ should be ok to start with, I suggest my students to start listing their items gradually, because the products gets sold quickly and you want to make sure to have money to cover the purchase of the items otherwise you might get hurt by Amazon metrics if you don't have funds to process orders right away because sales comes in too fast.
Ok this is an interesting point. So are you saying that for those of us with tons of credit this will not be an issue then. Meaning if you have say $25K in credit not being used then we would have no need to worry about sales being too rapid or losing out on Amazon metrics?
Also hypothetically given a large cash/credit reserves like 10-25K how much income can you truly produce under these circumstances and how much work would we now face with a budget like this.
As said earlier in this thread you will get an average 25% to 30% ROI for the products sold, sometimes you can get better numbers. So basically if you have good cash to invest, then you can have a bigger listing and a bigger ROI. You will have more work to be done but this can be handled with a few tricks.
Please Reply my Pm. I need this. Thanks. Rep Given
01-19-2017, 01:15 AM
Any thoughts on the average price point of the products being sold and is there systems in place to streamline how we pass on orders to the suppliers. Would hope handling hundreds of orders daily is not all a manual endeavor.
01-19-2017, 01:39 AM
Hello
by drop-shipping you mean to sell physical things (purchase, send to amazon store??) I am interested in affiliate business (eCommerce website) type please clarify ,
by drop-shipping you mean to sell physical things (purchase, send to amazon store??) I am interested in affiliate business (eCommerce website) type please clarify ,
01-19-2017, 02:42 AM
(01-19-2017 01:15 AM)dstoltz Wrote: [ -> ]Any thoughts on the average price point of the products being sold and is there systems in place to streamline how we pass on orders to the suppliers. Would hope handling hundreds of orders daily is not all a manual endeavor.
Average price ranges from $40-$600 but you can sell items that are higher priced if you have the capital, I wouldn't recommend selling anything less than $40 as the profit margin isn't that great. Orders are handled manually at first and average time to complete an order is around 1-2 minutes but getting a lot of orders means those minutes can add up to hours down the road so if that's the case there is other options you can take as when you grow your store you want to be able to scale up while doing less work so you can hire virtual assistants to spend around 1-2 hrs a day for only $3-4 per hour to handle your orders for you if it got to the point where you wouldn't want to do orders.
01-19-2017, 02:47 AM
(01-19-2017 01:39 AM)rebica Wrote: [ -> ]Hello
by drop-shipping you mean to sell physical things (purchase, send to amazon store??) I am interested in affiliate business (eCommerce website) type please clarify ,
No there's no physical product that you send to amazon, that is dropshipping, basically selling an item on Amazon once sold you then get in contact from your supplier and they ship it directly to your buyer.