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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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#329 Building Relationships in e-Commerce (Based on “7 habits of Highly effective people”) Part TWO

THE EMOTIONAL BANK ACCOUNT

“We all know what a financial bank account is. We make deposits into it and build up a reserve from which we can make withdrawals when we need to.

An Emotional Bank Account is a metaphor that describes the amount of trust that’s been built up in a relationship. “

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#328 Building Relationships in e-Commerce (Based on “7 habits of Highly effective people”) Part ONE

“Before moving into the area of public victory, we should remember that effective interdependence can only be built on a foundation of true independence. Private Victory precedes Public Victory.”

Self-mastery and self-discipline are the foundation of good relationships with others.”

“There’s no way to parachute into this terrain. The landscape ahead is covered with the fragments of broken relationships of people who have tried. They’ve tried to jump into effective relationships without the maturity, the strength of character, to maintain them.”

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#327 Amazon’s Deliveroo Investment & USA Monthly Storage fee discount (Amazon News)

Amazon’s Deliveroo Investment Puts Amazon in Competition With Uber and Just Eat UK

Amazon’s Deliveroo investment, representing its latest push into the UK food delivery market,  was facing mounting opposition this week as critics of a $575m deal with Deliveroo voiced concerns about the control it will exercise over the UK business.

The food delivery company Deliveroo announced its deal with Amazon on Friday. Saying that Jeff Bezos’ e-commerce empire was the lead investor in a giant $575m (£450m) funding round, taking the total amount of cash raised by the business to $1.53 billion.

The announcement of the Amazon Deliveroo investment sent shares in rival online food delivery companies such as Just Eat and Takeaway.com falling fast.

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326 Habit 3: First Things First – time management for ecommerce entrepreneurs (part 2)

Time Management for e-commerce is an absolutely critical skill area. Time management can be the single biggest block to even starting an e-commerce business. And for an established, busy e-commerce business owner,  managing time is just as critical.

In this episode, we focus on the learnings from the wonderful book (and also audiobook) –

“7 Habits of Highly Effective People” by Steven Covey

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