#412: Is wholesale better than private label selling on Amazon!?
Silent Sales Machine Radio
Jim Cockrum
4.8 • 805 Ratings
🗓️ 2 December 2021
⏱️ 26 minutes
🧾️ Download transcript
Summary
Today I share some HARD EVIDENCE that reveals why I'm now convinced more than ever that Wholesale strategies are AS PROFITABLE and FAR LESS RISKY than PL strategies are for sellers! It's a common theme on our show to hear me rant about all of the hyped up promises of the PL (Private Label) selling model on Amazon. Virtually every youtube "expert" is talking about PL, but we take an alternate path ESPECIALLY for new sellers. New evidence has come to my attention that makes our approach very validated. Wholesale is as profitable as PL and it has almost none of the risks with ALL of the same benefits- including building a business you can sell someday! Today I explain.
Show note LINKS:
ProvenWholesaleSourcing.com - Learn the wholesale sourcing strategies discussed on today's episode
The video by AccrueMe that explains why they are as excited about Wholesale as they are PL: https://youtu.be/wRenb2Tovx0
SilentJim.com/funding - get details on the $500 offer and see how AccrueMe works **Full disclosure - This podcast receives a small referral fee if any students become clients of AccrueMe. We are asked to work with and endorse countless offers and have always been very cautious about what businesses we endorse.
SilentJim.com/ss - the special offer that Accrue me has for our audience with a $500 cash payout bonus to you!
Other episodes useful for you to listen to at https://silentjim.com/podcast: episodes #391, 393, 405
silentjim.com/updates - get updates when new episodes are released.
ProvenBrandBuilding.com - protect a simple, hot selling bundle with brand registry!
Transcript
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| 0:00.0 | Well, hey, business building warrior. I hope to keep this episode today fairly short, but |
| 0:06.6 | packed full of very useful information to steer you away from the craziness of selling on |
| 0:13.3 | Amazon into the smoother sailing waters that we teach around here, the strategies we teach, |
| 0:18.8 | the stuff that actually works. And I always like seeing real facts and evidence backing up the claims that we make around here. And I love |
| 0:26.5 | it, especially when it comes from outside of our community. And we get new evidence and data |
| 0:31.5 | that backs up the things that we're saying, the things we're teaching here constantly. And I'm |
| 0:36.0 | going to share some of that with you today. My name's Jim. I'm the host of Silent Sales Machine Radio. If this is your first time, |
| 0:41.9 | welcome to our podcast. I hope you'll scroll back through some recent episodes and see dozens and |
| 0:46.9 | dozens of amazing success stories with the students from our community. But today it's just me, |
| 0:52.8 | which isn't that often that it's just me, |
| 0:54.8 | but you will hear it happen from time to time. And today I want to present to you the evidence |
| 0:58.6 | that I have that suggests that selling wholesale is as good, if not superior, to private |
| 1:08.0 | label, just as an overall strategy. And let's set the table a little bit for this |
| 1:13.2 | discussion today. Why is this an important topic? Why would I even bring this up? Who would even |
| 1:18.1 | care about these things? Well, here's why I'm so passionate about this topic. Let's set it up this way. |
| 1:23.0 | If you were to go to YouTube right now and type in search phrases related to learning how to sell on Amazon, |
| 1:28.9 | you're going to get smacked in the face like a 50-pound tuna fish with story after story and |
| 1:34.4 | video after video and video after video of people trying to convince you that private label is the |
| 1:39.4 | way to go. You'd think that that was the only strategy for selling on Amazon. We have people come into our free Facebook group frequently. We got about 67,000 people in there. So a lot of people are coming in. It's a place to go. It's a destination for Amazon sellers. It's one of the biggest face groups out there. And they pop in under the assumption that everybody's doing private label, right? Like that's the only way to make money on Amazon, right? |
| 2:03.4 | Create your own branded product, your new better mousetrap, and bring it to the world, |
| 2:09.3 | order a bunch of them from China, learn how to market it by one of these $5,000 courses, |
| 2:14.0 | invest in $15,000 worth of coaching and tools. |
... |
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