Part 2 Of My Journey
From $0 to $1.6 M in 7 Months, 1 Product!
In this video, I will detail how I built /launched a brand new Product on Amazon in less than a year, and the product is now doing $300K a month(and Growing !).
This is a highly competitive product (The type of product most people will not even attempt due to competitiveness) + an accessory/add-on to that product.
Two top questions I am getting asked the most...
How Much Can I sell of 1 Product on Amazon?
1. What's a Realistic Goal?
2. How Long Does it take to get there?
People do not realize how much they can do on Amazon. LIMITLESS!
Here is the growth of my Baby
Jan - $0
Feb- $0
March - $4,939.67
April - $9,409.38
May- $26,818.44
Jun -$137,092.44
July -$105,842.44
August $158,638.42
Sept- $94,321.70
Octo$206,147.46
Nov $286,180.45
Dec $323,282.63
As you can see, some months, we experienced dips/drops in sales, and this is due to us running out of stock repeatedly, something that should not have happened; the logistics should have been handled better and was out of my control.
Some people would ask, Why don't I like to slow down the sales and raise the price?
Well, then Amazon will see that we last left them with a lousy conversion rate, which in my opinion, is worse than selling out.
Think about it from Amazon's Eyes...
Situation A. Our listing was so good that it sold out entirely with an impressive conversion rate
Situation B. Out of fear, we try to slow our progress down, so we raise our listings price, purposely causing fewer people to purchase( Sounds insane right?), showing Amazon a lower conversion rate, and that's how they remember us.
I don't slow down growth unless the client forces me; you are only as good as your last performance; that's what Amazon remembers.
That's All For Today. Please Comment, Like, and Share This Video, and let me know what you would like me to go into next week.
In the following video, I will go over the advertising/Acos, which is very low for a new launch, and Ill also go over the organic rank and how most of the sales are coming from Organic Rank and NOT FROM PPC, which is Awesome.
Thanks For Watching Guys!
P.S. High expectations are the key to everything - Sam Walton
Connect and learn more about Hymie here:
Website: https://www.hymiezebede.com
Linkedin: / hymiezebede
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