Dan Vas young entrepreneur that’s selling an Amazon FBA course.
His course helped me lauch several products in 2017 and I was able to have some success as well.
It was exciting, although Amazon FBA was not the first online business I became successful.
Actually, I was able to quit my job in June of 2015 with this coaching program that taught me how to build a local lead generation business.
Basically, you learn how to generate leads or customer calls for a local business by ranking sites & few other things, and then you learn how to close monthly payment deals with these business owners that are happy to pay you because you’re getting them more customers.
Lead generation is still around 85% of my online income, at $50K per month.
Amazon FBA is quite a bit different business model, so I’d like to provide my unique perspective on the good & the bad I see about Amazon FBA and how it compares with lead generation?
Also my view on why people like Dan Vas sells courses & why they’ll be more successful than most people jumping into onine business opportunities these days.
Amazon Freedom Course Summary
Dan’s course teaches you everything you need to know about the Amazon business.
Let me break down the Amazon FBA business for you…
- Research Product to sell based on certain metrics (not too competitive, decent sales volumes)
- Look for several suppliers
- Order samples, test the products, vet out suppliers
- Order bulk to one of Amazon warehouse
- Come up with branding/packaging
- Create the Amazon Product Listing
- Boost the Amazon Product Listing by running paid ads using Facebook, collect people’s emails, using email marketing ask for reviews
- Continue to run paid traffic till your product gets more and more review and wait for it to rank to page 1
Once you guy this course, you also get access to the private Facebook group where Dan is available to answer any questions you might have.
Dan is very thorough in his training and he knows how quickly give you the actionable steps you’ll be taking to build the Amazon business as you go through the training videos.
No gimmick, no upsells, just straight to the chase.
Some Challenges I Faced with the Amazon FBA Business
As I’ve mentioned above, first few Amazon products I tried didn’t work out too well, but I was able to have success with my 4th launch.
Here are the challenging factors about Amazon FBA business
- It takes forever to launch a product, the suppliers had to get the product ready for you and the long shipping times, it can take 4-5 months before you can get the product listing up on Amazon
- There’s a lot of time & money commitment required to launch a single product with no guarantee that it’ll be a success, major drawback here compared to shopify/dropshipping model where you can test out the market right away
- Trying to get reviews for your product is challenging, it’ll cost money on PPC (paid ads)
- Dealing with negative reviews
- Competition can come in with a similar product and under price your product
Look, Amazon is an amazing site that’s got tons of buyers on there, its one of the most visited websites online next to Google and Facebook which is crazy considering its an e-commerce store.
Amazon FBA program has made it easy for regular everyday folks to start a physical product business, but the problem I see with this business model is that you’re very limited on how you sell your product because at the end of the day you’re completely dependent on Amazon’s traffic and site layout.
Which means Amazon is constantly pitting your product against competitors through their “Customers who bought this item also bought” or “Customers who viewed this item also viewed” sections as well as Sponsored related product ads which are paid ads from your competition directly on your own product page.
We’re all familiar with this layout on Amazon.com, big reason why their site is so successful, it definitely increases the buyer’s shopping experience because you get to quickly compare.
How often have we landing on a product page and then decided to purchase a different brand based on other factors like price or reviews?
I know I’ve done that a lot.
So what’s my point?
Competition is really fierce on Amazon.
You really need to design a cool new product or somehow source a very good product that gets tons of great reviews on it to have a sustainable business.
With more and more Amazon FBA sellers joining the game, it’s becoming harder to find that niche.
Also you’re very limited to what kind of prices you can sell your product just based on what the competition is selling for around you.
Which means your profit margins going to be quite slim in some niches.
Why There are So Many Amazon FBA Coaches Out There
The biggest issue I have with the e-Commerce business whether that’d be shopify or Amazon is that selling physical products is one of the easiest online businesses for anyone to get into at this point that there are ever-increasing amounts of competition that can drive the prices down or make it harder to get to page 1 search results.
Also it takes quite the long time just to launch a product, a lot of tedious design work and communicating with different suppliers, it takes months before you’re ready to create your product listing. Yes you can still make 6 figure income but unless you get a product that’s a home run, its never a guarantee your product will make you great money.
I know an Amazon FBA gal that’s been doing it for quite some time now and she has a whole team dedicating to launching several different products at a time, just because she understands that not all will be winners.
But this is much harder to duplicate if you’re just starting out because you need the capital to invest in the inventory & promotions.
There’s more money in selling courses about Amazon FBA business because you’re then only selling a digital product which means your profit margin is now nearly 100% and you can get free traffic much easier because there’s much less competition.
There’s way less competition because the barrier of entry for selling a course is much higher, a newbie can’t create a course like that & most of these guys are publishing youtube videos and a lot of people aren’t willing to do that.
When you make the barrier of entry too low, like any other markets, it gets saturated and people end up doing more work for less money.
This is why seeking businesses that are easy is overrated.
Lead Generation, The Alternative to Amazon FBA Business?
I became a full-time entrepreneur in 2015, I was able to quit my job for good and I’ve never looked back, thanks to this coaching program that allowed me to learn the skill of lead generation.
Basically I know how to rank websites in the local rankings and drive traffic to small businesses.
Above is one of digital properties, it makes me $750 per month on autopilot, I haven’t touched the site in years.
The reason why I like the business model is that barrier of entry is still pretty high. You need some legit SEO skills to produce results and most marketers out there especially in the local space don’t know what they’re doing.
IMO, its your skills that determine your paycheck.
Building a business around your high-income skill is the most for sure way to succeed in business.
Listen to Dan Lok explain this
The major difference I see between my lead generation business and Amazon FBA is this:
My ability to succeed with lead generation is completely dependent on myself & my skills.
My likelihood to succeed with Amazon FBA is more about trial & error and picking the right niche & product that doesn’t have unbeatable competition yet but still has good sales volume.
There’s really not that much skill I can develop for Amazon FBA that allows me to be disproportionately better than the competition, the playing field seems to be leveled out with everybody else more or less.
And why would it be? Amazon.com is a site that got successful because of their smart site layout that allows buyers to easily compare products with the competition. You can’t expect to go into that kind of environment and expect to have some sort of secret advantage that other sellers don’t know about already.
I don’t like that.
I like going into an industry where I can completely dominate.
Developing skills that your competition doesn’t have is what truly increases your financial confidence.
Its what gives you stability as an entrepreneur.
Because as you develop your skills, you’re able to do more and more things that other people can’t do, which means the value that you’re able to deliver to the marketplace will be rare and it will be quite valuable.
Dan Vas’s Amazon course has everything you need to start your own Amazon FBA business, its priced at the relatively low price of $497.
Btw, so are many other Amazon courses out there.
I was able to have 1 successful amazon product launch in 2017 but since then I’ve seen the competition go up more and more every month, as more people hop on the Amazon FBA train.
It reminds me of like earlier 2012 days where it was so easy to rank affiliate marketing sites and make good money until everyone joined in on the opportunity and now it became pretty much impossible to rank for many of those keywords on Google.
The real reason people like Dan Vas are successful is that they’re not afraid to tackle something that appears difficult for most people.
Such as creating a course, and making youtube videos every day.
They’re developing their skills everyday: maybe its fine tuning their course or adding more lessons, getting better at making youtube videos, becoming more confident on camera.
Just the fact that on youtube you have to consistently produce content to really begin to see valuable traffic, keeps out most competitors because most people don’t have that kind of discipline.
Some with building this blog btw, I’ve made a discipline to write at least 1 new blog post everyday, first thing in the morning.
They say repetition is the mother of all skill.
The fact that myself & people like Dan Vas are willing to put in the extra work on the front end, and do whatever it takes to reach new levels of success is what ensures what we do is going to have high return on time invested because we’re doing things most people aren’t willing to do.
Same thing with lead generation, most people don’t have the patience to learn the proper skills to rank sites & don’t have the patience to implement it. They rather purchase some course that gives them a cookie cutter facebook ads campaign that they can run for immediate results.
They don’t understand that in the long run building your business on free traffic produces far greater results with much more stability.
The paradox is when people seek out businesses that appear to be easy, they’re actually going to struggle a lot more, because that business is going to have tons of competition.
But you gotta start somewhere though, I get it, and not everyone’s cut out to be a coach or even want to be one.
My point is, seek to continually develop your skills in whatever endeavor you want to pursue because its your skills that separate you from the competition.
This is why I like local lead generation because you can employ much more diverse tactics to beat the competition than you can with Amazon product listings, which is almost completely determined by reviews.
With local Google rankings, you don’t have to worry about reviews, its all based on my skills in ranking a site which I have full control over and I’m constantly improving so that I’m able to consistently deliver tremendous value to the marketplace that other people can’t.
This is how I’ve been able to multiply my annual income year after year since 2015. Now I’m making $50K per month mostly all profit consistently just from my lead generation business.
Having that kind of confidence & authority in the marketplace: “I’m the only one that can do this for you”
I used to be reluctant sharing with others where I learned this skill, but after being in the business for several years and seeing just how many opportunities there are in local because there are so many cities out & so many different niches per each city that I can’t possibly get to on my own, I’ve decided to start a new project which is this blog where I’m showing others the exact lead generation business blueprint. Check it out here.