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4 Reasons Why People Fail At Private Labeling On Amazon FBA (MUST WATCH)

Published on: November 30 2022 by Carter Maxwell

4 Reasons Why People Fail At Private Labeling On Amazon FBA (MUST WATCH)

4 Reasons Why People Fail At Private Labeling On Amazon FBA (MUST WATCH)

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00:00:00 00:00:04 what's up guys Carter Maxwell here the
00:00:02 00:00:06 high school hustler and in this video
00:00:04 00:00:07 I'll be going over the four biggest
00:00:06 00:00:11 reasons that I always see people
00:00:07 00:00:14 consistently failing when it comes to
00:00:11 00:00:15 private labeling on Amazon FBA and guys
00:00:14 00:00:17 if you're trying to create an online
00:00:15 00:00:19 business and make money while you sleep
00:00:17 00:00:20 then this is the channel for you is to
00:00:19 00:00:22 go ahead and hit that subscribe button
00:00:20 00:00:25 guys when it comes to private labeling
00:00:22 00:00:28 on Amazon FBA I tend to see just so many
00:00:25 00:00:30 common mistakes by sellers that result
00:00:28 00:00:33 in failures to result in lots of monies
00:00:30 00:00:35 and just a bad overall private label
00:00:33 00:00:38 business so hopefully with my experience
00:00:35 00:00:40 having up to $25,000 month's selling on
00:00:38 00:00:42 Amazon FBA hopefully I can share some of
00:00:40 00:00:44 my experiences some of my setbacks with
00:00:42 00:00:45 you so hopefully you don't make the same
00:00:44 00:00:47 mistakes and lose out on money as well
00:00:45 00:00:50 if I'm going to keep it real the number
00:00:47 00:00:52 one reason that people aren't successful
00:00:50 00:00:54 when it comes to private labeling on
00:00:52 00:00:56 Amazon FBA is they don't even give
00:00:54 00:00:58 themselves a chance the reason being is
00:00:56 00:01:00 there's too much hesitation they're not
00:00:58 00:01:02 willing to take action they're not
00:01:00 00:01:04 making money moves if you don't invest
00:01:02 00:01:06 in yourself invest money into your
00:01:04 00:01:07 business you're never never never gonna
00:01:06 00:01:09 be able to grow you're not gonna be able
00:01:07 00:01:11 to scale your business to that level
00:01:09 00:01:13 that you want and just people are too
00:01:11 00:01:15 hesitant or too scared and what I see so
00:01:13 00:01:17 much when it comes to private labeling
00:01:15 00:01:19 is there's a lot of people interested in
00:01:17 00:01:21 this business model because it's so
00:01:19 00:01:23 efficient it's so convenient if you have
00:01:21 00:01:25 one product you can sell ten of it a day
00:01:23 00:01:27 50 of a day a hundred it doesn't even
00:01:25 00:01:30 matter but people just suck in just so
00:01:27 00:01:32 much information they just watch tons of
00:01:30 00:01:33 different podcasts they watch my youtube
00:01:32 00:01:35 videos that comment they ask all these
00:01:33 00:01:37 questions and when it comes to actually
00:01:35 00:01:39 creating your Amazon sell account doing
00:01:37 00:01:41 the product research then no one they
00:01:39 00:01:43 never take action they just suck in all
00:01:41 00:01:44 this information and then a - hesitant
00:01:43 00:01:45 they're too scared they don't want to
00:01:44 00:01:47 make money movies they don't want to
00:01:45 00:01:49 invest in their business to try to make
00:01:47 00:01:51 money that's definitely the number one
00:01:49 00:01:53 reason that I see as the only way you're
00:01:51 00:01:55 ever gonna know if you're ever gonna be
00:01:53 00:01:58 successful and make money private
00:01:55 00:01:59 labeling is if you take action if you do
00:01:58 00:02:02 your product research you dedicate time
00:01:59 00:02:04 your business you set cash aside from
00:02:02 00:02:06 your personal checking or your personal
00:02:04 00:02:07 account and invest it back in the
00:02:06 00:02:08 business
00:02:07 00:02:09 I'm telling you nothing's ever gonna
00:02:08 00:02:11 happen don't be that person that never
00:02:09 00:02:12 tries to to scare they don't want to
00:02:11 00:02:14 invest a couple hundred dollars
00:02:12 00:02:17 a couple hundred dollars can change
00:02:14 00:02:19 their lives got it private label changed
00:02:17 00:02:21 my life I turn my income from ten
00:02:19 00:02:24 dollars a day into thousands and
00:02:21 00:02:25 thousands of dollars in 20 $25,000
00:02:24 00:02:27 months when it comes to private label
00:02:25 00:02:29 all because I took action learn the
00:02:27 00:02:32 business bottle and stayed consistent
00:02:29 00:02:34 now the second reason that people always
00:02:32 00:02:37 fail when it comes to private labeling
00:02:34 00:02:39 is poor product research now I did the
00:02:37 00:02:42 same thing as some of those newbies that
00:02:39 00:02:44 failed I didn't do the proper research I
00:02:42 00:02:46 didn't have like a course or a mentor to
00:02:44 00:02:48 kind of guide myself off I just kind of
00:02:46 00:02:49 took action I didn't use jungle scout
00:02:48 00:02:53 which is basically the number one
00:02:49 00:02:54 product research software out there when
00:02:53 00:02:56 it comes to private labeling I didn't
00:02:54 00:02:58 use that I didn't want to spend $40 a
00:02:56 00:03:00 month because I was too cheap I was just
00:02:58 00:03:02 like all right I'll just guess and you
00:03:00 00:03:04 know what my first two two or three
00:03:02 00:03:05 products failed because I didn't do the
00:03:04 00:03:07 proper product research I just jumped
00:03:05 00:03:09 into a product I did the taking action
00:03:07 00:03:11 part but I didn't do the preparation I
00:03:09 00:03:13 didn't do the right research and end up
00:03:11 00:03:15 losing my but on a lot of money the
00:03:13 00:03:18 number one way to eliminate poor product
00:03:15 00:03:20 research and failure when picking your
00:03:18 00:03:22 private label product is to just invest
00:03:20 00:03:25 in a highly productive a highly
00:03:22 00:03:27 efficient product research software and
00:03:25 00:03:28 I highly recommend you use jungle
00:03:27 00:03:30 Scotney if you haven't heard jungle
00:03:28 00:03:31 scout before there's two different
00:03:30 00:03:33 databases that you can use there's
00:03:31 00:03:35 what's known as the jungle scout web app
00:03:33 00:03:37 and the jungle Scout Chrome extension so
00:03:35 00:03:40 within the web app you're gonna be
00:03:37 00:03:42 paying a monthly fee of around $40 and
00:03:40 00:03:44 within that web app that's gonna you're
00:03:42 00:03:45 gonna be doing like the hardcore product
00:03:44 00:03:47 research you're gonna be treating your
00:03:45 00:03:50 criteria say you want a price point of
00:03:47 00:03:52 $15 to $50 and you want a minimum of
00:03:50 00:03:54 let's just say 200 sales a month and you
00:03:52 00:03:56 don't want it to be too competitive so
00:03:54 00:03:58 you want the max reviews to be 50 and
00:03:56 00:04:00 it'll pull down every product that fits
00:03:58 00:04:02 your criteria and you can start doing
00:04:00 00:04:04 your research now once you've found a
00:04:02 00:04:06 few products that you think you could
00:04:04 00:04:07 potentially pry the label you add into
00:04:06 00:04:09 your product tracker and you kind of
00:04:07 00:04:10 track them over the next week or two
00:04:09 00:04:13 weeks or three weeks and see how well
00:04:10 00:04:15 and how consistent this sales are then
00:04:13 00:04:16 when you want to go into more depth and
00:04:15 00:04:18 actually possibly private labeling this
00:04:16 00:04:20 product you're gonna want to go to
00:04:18 00:04:22 Amazon and use your Chrome extension
00:04:20 00:04:24 which it's just gonna be like a one-time
00:04:22 00:04:26 payment I think it's around $120 and
00:04:24 00:04:28 within this Chrome extension
00:04:26 00:04:30 what you do is you go to Amazon and you
00:04:28 00:04:32 search the most broad search term for
00:04:30 00:04:33 that product like big spinner or
00:04:32 00:04:36 whatever it is and you pull down your
00:04:33 00:04:38 Chrome extension and for the first 15 20
00:04:36 00:04:41 listings it's gonna pull down a whole
00:04:38 00:04:42 database of the product title the number
00:04:41 00:04:45 of reviews estimated monthly sales
00:04:42 00:04:46 estimated monthly revenue so able to go
00:04:45 00:04:48 through and kind of analyze that data
00:04:46 00:04:50 for that search term and for that
00:04:48 00:04:52 product that you're thinking about
00:04:50 00:04:55 potentially a private labeling so the
00:04:52 00:04:56 third reason I see people consistently
00:04:55 00:04:59 fail when it comes to private labeling
00:04:56 00:05:00 is not having an optimized listening now
00:04:59 00:05:03 before you even get into what exactly an
00:05:00 00:05:06 optimized listing is most newbie sellers
00:05:03 00:05:07 most unexperienced sellers think that
00:05:06 00:05:10 you need to have the bottom lowest
00:05:07 00:05:13 market price in order to make sales with
00:05:10 00:05:15 the competition and let me tell you that
00:05:13 00:05:16 is hun percent incorrect whoever you're
00:05:15 00:05:18 getting that information from throw them
00:05:16 00:05:21 in the trash never listen to them again
00:05:18 00:05:23 if I was to compare my current private
00:05:21 00:05:26 label products prices compared to my
00:05:23 00:05:28 competitions prices I would be on the
00:05:26 00:05:30 higher end spectrum price range for my
00:05:28 00:05:32 product just because I have an optimized
00:05:30 00:05:34 listing now you're probably wondering
00:05:32 00:05:36 what exactly is an optimized listing
00:05:34 00:05:38 it's basically where you have just two
00:05:36 00:05:41 fully all out perfect listing I'm
00:05:38 00:05:42 toking about professional pictures for
00:05:41 00:05:44 your product which means you pay the
00:05:42 00:05:46 professional photographer which you can
00:05:44 00:05:48 get easily for around 50 it's like a
00:05:46 00:05:50 hundred and fifty dollars on Fiverr
00:05:48 00:05:51 there's no need to spend three hundred
00:05:50 00:05:54 or five hundred dollars like some
00:05:51 00:05:55 sellers tell you to do and it can also
00:05:54 00:05:58 outsource your whole product listing
00:05:55 00:06:00 from your title to your bullet points to
00:05:58 00:06:02 your HTML description you can outsource
00:06:00 00:06:04 that whole thing because I'm not a very
00:06:02 00:06:05 good writer I'm not descriptive I'm not
00:06:04 00:06:07 creative if I was to write on my own
00:06:05 00:06:09 it'd be absolutely horrible but I can
00:06:07 00:06:12 just go outsource it for like $65 to
00:06:09 00:06:14 $100 on Fiverr and have them create the
00:06:12 00:06:16 whole product listing for me I just copy
00:06:14 00:06:19 it from the PDF and put it straight into
00:06:16 00:06:21 my description and everything for my
00:06:19 00:06:23 product listing now other than that need
00:06:21 00:06:25 to get try to get reviews on your
00:06:23 00:06:28 listing as well you can ask some friends
00:06:25 00:06:30 and family or you can just make sure you
00:06:28 00:06:32 have like a kind of like an automation
00:06:30 00:06:35 email software in order to get reviews
00:06:32 00:06:37 for your product organically and once
00:06:35 00:06:38 you have an optimized listing your price
00:06:37 00:06:40 is not gonna pay a huge factor you
00:06:38 00:06:42 didn't go to blow out the competition
00:06:40 00:06:45 sucky pictures not a very good title and
00:06:42 00:06:46 once you can get people to your listing
00:06:45 00:06:48 and you have an optimized listing you
00:06:46 00:06:51 can be able to convert those potential
00:06:48 00:06:54 buyers into customers a lot better now
00:06:51 00:06:55 the fourth reason isn't so much a reason
00:06:54 00:06:57 why they're failing but a reason why
00:06:55 00:06:59 they're not gonna be able to scale to
00:06:57 00:07:01 that six-figure seven-figure amount like
00:06:59 00:07:03 I wanted to reach and the reason people
00:07:01 00:07:06 aren't to be able to reach that range is
00:07:03 00:07:07 because they're not running Amazon PPC
00:07:06 00:07:10 now for those of you aren't familiar
00:07:07 00:07:12 with what exactly PPC is it's Amazon's
00:07:10 00:07:15 pay-per-click advertising platform to
00:07:12 00:07:18 where you can advertise on using certain
00:07:15 00:07:21 search terms keywords in order to create
00:07:18 00:07:22 additional sales and rank for your
00:07:21 00:07:24 products so if you're selling a fidgets
00:07:22 00:07:26 spinner if you're selling a microphone
00:07:24 00:07:28 you want to be able to rank for those
00:07:26 00:07:31 big search terms and you want your have
00:07:28 00:07:33 to pay up so for instance if you were to
00:07:31 00:07:34 jump into fidget spinners okay I don't
00:07:33 00:07:36 know I don't know why I'm using this
00:07:34 00:07:38 example so much but if you wanted the
00:07:36 00:07:40 rank for the fidget spinner search term
00:07:38 00:07:42 you're gonna be ranked on like page a
00:07:40 00:07:44 freakin like a hundred when you just
00:07:42 00:07:46 create your listing and then the only
00:07:44 00:07:49 way you can be able to reach page one
00:07:46 00:07:52 page two really be able to make the
00:07:49 00:07:54 majority of the sales is run Amazon PPC
00:07:52 00:07:55 you're gonna have to bid on that keyword
00:07:54 00:07:57 so if you wanted to rank your fidget
00:07:55 00:07:59 spinner for the keyword fit to spin or
00:07:57 00:08:00 maybe blue fidget spinner you can have
00:07:59 00:08:02 to pay you're gonna have to bid on that
00:08:00 00:08:05 keyword so you're bit you're able to
00:08:02 00:08:06 have your sponsored ad promoted on page
00:08:05 00:08:08 one so if someone looks up fidget
00:08:06 00:08:10 spinner they see your ad they click on
00:08:08 00:08:11 your ad it's obviously gonna charge you
00:08:10 00:08:13 for the click but if they purchase the
00:08:11 00:08:15 product you just create an additional
00:08:13 00:08:17 sell for yourself and you also ranked in
00:08:15 00:08:19 Amazon's algorithm for that search term
00:08:17 00:08:21 that you just made the sale for now
00:08:19 00:08:23 don't get me wrong I know a lot of
00:08:21 00:08:26 people that are successful and have
00:08:23 00:08:28 never touched Amazon's PPC system at all
00:08:26 00:08:29 now maybe that means you're just not
00:08:28 00:08:31 selling a very competitive product or
00:08:29 00:08:33 they're just okay being average making
00:08:31 00:08:35 average sales that's not me I wanted
00:08:33 00:08:38 this scale as quick as I can I want to
00:08:35 00:08:40 be the top of page one destroying my
00:08:38 00:08:42 competition just killing in sales making
00:08:40 00:08:44 the most potential profits that I can
00:08:42 00:08:46 for my product listing and the only way
00:08:44 00:08:48 you're going to be able to learn the
00:08:46 00:08:52 Amazon PPC system is obviously enroll in
00:08:48 00:08:53 my course or you can just test it which
00:08:52 00:08:56 means you're going to have to end
00:08:53 00:08:58 best money in the Amazon PPC platform
00:08:56 00:08:59 you're gonna have to invest $50 and
00:08:58 00:09:01 there you have to test certain search
00:08:59 00:09:02 terms different campaigns if it be an
00:09:01 00:09:04 auto campaign a manual campaign
00:09:02 00:09:06 different keywords different product
00:09:04 00:09:07 listings you're gonna have the test and
00:09:06 00:09:10 you're most likely gonna probably lose
00:09:07 00:09:11 some money up front but in the long term
00:09:10 00:09:13 and in scaling your business is
00:09:11 00:09:14 something that you have to have
00:09:13 00:09:17 especially if you want to reach that
00:09:14 00:09:20 six-figure second seven-figure Amazon
00:09:17 00:09:23 business also if you're interested on
00:09:20 00:09:25 how I've made up $25,000 months selling
00:09:23 00:09:27 private label products on Amazon make
00:09:25 00:09:29 sure you click the first link in the
00:09:27 00:09:31 description of this video anyways that's
00:09:29 00:09:33 it for this video on the four reasons -
00:09:31 00:09:35 why I always see people fail when it
00:09:33 00:09:38 comes to private labeling on Amazon FBA
00:09:35 00:09:40 if you enjoyed this video you found any
00:09:38 00:09:42 help from it make sure you comment below
00:09:40 00:09:45 and leave a like and subscribe to my
00:09:42 00:09:47 channel as I'm always giving away
00:09:45 00:09:49 different tips and tricks on how to make
00:09:47 00:09:52 money online you know that note I'll see
00:09:49 00:09:52 you guys next video