A growing number of self-proclaimed experts promise they can teach anyone how to make a passive income selling cheap Chinese goods in the internet’s largest store. Not everyone’s getting rich quick.
by Alana Semuels, The Atlantic, Jan 2, 2019
It was only after they’d sunk $40,000 and nine months of precious nights and weekends that Jordan McDowell and William Bjork realized how hard it is to make a passive income selling things on Amazon.
The couple had hoped to strike it rich—or at least quit their day jobs—buying goods from China and reselling them on the e-commerce site. Instead, they lost their savings. For that, they blame Matt Behdjou and Mike Gazzola.
In late 2016, McDowell and Bjork stumbled across a podcast hosted by Behdjou and Gazzola, normal guys who claimed they were making thousands of dollars working less than two hours a day on Amazon. The pair promised that anyone could do the same—all they needed to do was pay $3,999 for three months of coaching that would teach them everything they needed to know about the business.
They’d learn how to source and ship a product from China, how to list it for an attractive markup on Amazon’s third-party marketplace, how to advertise it to consumers, and how to get them to leave good reviews. Amazon would take care of the logistics of storing and shipping, for a fee, through its Fulfillment by Amazon program. Behdjou and Gazzola even provided class participants with a manufacturing contact in China, and organized paid tours of Chinese merchandise markets.
Read more here…
There is a Facebook group that you might find interesting. It’s called West Sound eCommerce Talk and you can find it here. It’s a closed group, but pretty welcoming.
You might also want to check out Kitsap County E-Commerce Business Strategists. Sounds a bit formal, but it’s a Meetup Group and you can find it here.
If can think of any other eCommerce groups SCORE volunteers and clients should know about, please tall us about them by posting a comment below. Thanks!
Apps are everywhere. From your phone to your tablet to even your desktop computer, businesses of all types are offering easy-to-download applications to make your life easier. (helpful workshop)
If your business runs a little better with technology’s help, you might be tempted to develop an app of your own. Or you might have been approached by a company that claims that having an app for your business will be critical for increasing sales or customer engagement. Continue reading
If you’re starting a new business, you can quickly get caught up in developing the visual aspects of your concepts. Branding and having a web presence are important (and exciting!), and there are thousands of designers out there who have created beautiful products for their clients.
But do you need to spend hundreds or thousands of dollars on a web design made from scratch? If you’re bootstrapping, that kind of investment might be out of the question right away.
If you’re not sure if you should spend money on a web designer or DIY, think about these three situations where doing it yourself could be a great option. Continue reading
Likes ≠ Dollars.
Facebook wants Pages to actually earn money for the 45 million small businesses that use them. So today (9/9/15) Facebook is upgrading Pages with a tabbed mobile layout that lets them display storefront “Sections” where users can “Shop” for products or view a list of “Services” the business offers.
The company is also making calls to action on business Pages, such as “Call Now,” “Send Message” and “Contact Us,” bigger, more colorful and more prominent beneath the cover image.
The “Shop” section will include Buy buttons powered by Facebook’s partnership with Shopify so users can check out without leaving the social network.
Facebook is also testing Buy buttons that link out to a business’ traditional website.
These changes are the biggest made to Pages since 2012. They build on Facebook’s recent announcement of new messaging capabilities for businesses and badges for companies that respond quickly. Today’s updates could make Facebook Pages a utility, not just a presence for businesses.
Read more on TechCrunch.
Image credit: The Carnivore Club
Birchbox. BroBox. BarkBox. Dollar Shave Club. Ipsy. By now you’ve probably heard about successful curated subscription box-based startups like these. The product sampling and subscription business model they’re built on is arguably the hottest trend in ecommerce right now, delivering recurring revenues to entrepreneurs from all kinds of industries at relatively low costs as often as they deliver cool, new stuff to subscribers.
Tim Ray, founder a gourmet charcuterie subscription service called Carnivore Club, said he entered the budding market mainly he because was attracted to the benefit of low-risk recurring revenue. But he was also lured by the overall logistical simplicity of running a monthly subscription box operation. “From a business perspective, it’s the most efficient, flexible and easy to operate business model in ecommerce,” he told The Financial Post last year.
Perhaps you’d like to take the leap like Ray but aren’t quite sure how. Lucky for you, it’s easier now than ever for aspiring ecommerce entrepreneurs to launch, manage and grow their own subscription box startups. The process has become relatively simple since the days of the first online subscriptions boxes only a couple of years ago. There are even startups to help you start up your subscription box startup, like Cratejoy and Subbly, so you don’t have to deal with the headache of handling online storefront website coding, hosting and billing.
For a quick overview of the steps involved with starting your own subscription box service, check out the helpful infographic from Cratejoy on Entrepreneur.com…
Small businesses are vital to America’s economic future; they comprise half the U.S. GDP and create two-thirds of all new jobs. About half of them currently do not have a website. By making it fast, easy, and free for any business to get online, Google is hoping to change those numbers.
Google My Business is the easiest way for small businesses to be found by customers online. When you sign up, the information about your business will appear when customers are looking for you in Search and Google Maps. And you also create a Google+ page to connect with your fans.
Google My Business also provides you with a single dashboard to manage your presence on Google, including updating your business information, responding to customer feedback as the business owner and reviewing valuable insights on how customers find you online. Learn more at google.com/mybusiness.
SCORE is happy to partner with Google to get your business online.