Mar 26, 2021
Amazon continues to bloom as a juggernaut in eCommerce. They are opening a $1.5 billion new air cargo hub in the Cincinnati market to help with same-day deliveries. Most people are consumers of Amazon, or maybe even stock investors, but few understand how to make money on the eCommerce side of the business.
To learn more about making passive income on Amazon, we connected with an eCommerce entrepreneur, Mike Begg. Mike started out in the commercial retail sector before seeing the opportunity with eCommerce. He started selling low-cost items like ebooks before creating a full-fledged business. Now, he helps others and runs a digital marketing agency dedicated to advertising on Amazon.
In this episode, he shares thoughts on retail and consumer behavior, how to get started making money on Amazon, and insights to grow an eCommerce business.
Partner: Download our Sample Deal Package
How to Start or Make More Money on Amazon
eCommerce was a way to get in by investing money into an eBook and started selling stuff at low cost with low risk.
The great thing about eCommerce is once you have a product, a supply chain, and branding, it becomes passive income.
Get yourself research tools like Jungle Scout, and you can look for search terms on the Amazon platform and get sales projections based on the search volume.
Amazon’s advertising platform is larger than Google and Facebook!
One of our first brand launches failed because one of my partners was not invested enough. I learned to ensure all partners were on the same page and had the same goals.
Most Recommended Book:
The Obstacle is the Way (Ryan Holiday)
The Fountainhead (Ayn Rand)
Run every night
What’s going on in the stock market (so many overvalued companies)
Wish I Knew When I Was Starting Out:
How easy it was to sell online and the importance of eCommerce
Best Place to Grab a Bite in Guadalajara, Mexico
Get in Touch with Mike: