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How to choose products for amazon private label with Kevin King

Is Private Label still a viable business model in 2019?

It is still viable – if you can invent something, it does give you a major advantage.

PL still works but not in commodities.

And you need to differentiate. You can’t just put your logo on something from Alibaba.

Read the reviews and you’ll have to work with the manufacturer to fix that

You can differentiate with packaging, bundling, etc.

You have to put up a bit of a moat.

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Can you still Make money on Amazon in 2019? With Kevin King

Kevin King – is a 7-figure Amazon seller

Hosts $5000 events – $1 billion summit in Austin, Texas

Not part of Helium10 but friends of them

Lead mentor in Helium 10 elite – used to be Illuminati

Has spoken at 30 different events

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#332: Amazon Product Research: The Open Secret

Product research not equal market research

Being product centred and focussed on numbers – using tools like Jungle Scout, Helium 10, etc. –  on Amazon is what everyone does.

Hyper-competition = we HAVE to differentiate.

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#331 Amazon Business Marketplace is Growing and 50% of the Planet is Now Online (Amazon News)

Amazon News

Amazon Business

The Amazon Business marketplace is growing!
Amazon announced a major milestone this week. 3rd party seller products are now available to more than one million business buyers including hospitals, universities, daycares, government agencies, restaurants, Fortune 50 companies and sole proprietors in the USA

It also announced that sellers are offering a Business Price on millions of products making them more discoverable and appealing. This feature can be added in the “Business Price” column of the Manage Inventory dashboard.

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#330 “What 10 learnings have you had about the 7 Habits since the book’s release”?

1. The importance of understanding the difference between principles and values.   

Principles are natural laws that are external to us and that ultimately control the consequences of our actions. Values are internal and subjective and represent that which we feel strongest about in guiding our behavior.

Values govern people’s behavior but principles govern the consequences of those behaviors.

I have come to believe that humility is the mother of all virtues. Humility says we are not in control, principles are in control, therefore we submit ourselves to principles.

Pride says that we are in control, and since our values govern our behavior, we can simply do life our way. We may do so but the consequences of our behavior flow from principles, not our values. Therefore we should value principles.

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