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Friday, January 3, 2020

How She Makes $2,000,000 Per Month ON AMAZON (Amazon Expert)

How She Makes $2,000,000 Per Month ON AMAZON (Amazon Expert)
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hey guys today we have an amazing guest
on she's the founder of econ profits
calm she has helped many big million
dollar companies sell more products
online and if she is making over two
million dollars per month on Amazon
Tammy do kow how it's an absolute pret
pleasure having you on is absolutely
crazy how are you today
I'm doing well thank you so much for
having me it's such a pleasure to be
here yeah and right now you're in Vegas
right what's happening in Vegas yeah so
we are here at an econ leader event a
group I work with and we have a really
cool community of people that are trying
to grow their businesses online in
e-commerce and so I come and help sort
of on the Amazon fronts all right that's
awesome and how it like from the path of
making zero dollars on Amazon and to
making two million dollars per month
like how did you start with Amazon you
know it's a funny story because I kind
of went you know in a different
direction than most people do so I've
been in e-commerce almost 20 years it
sounds really weird to say that but
because of my interesting life choices I
ended up working for Starwood Hotels a
long time ago even when ecommerce I
didn't even know what it was they said
we want you to be the e-commerce
director I said I don't know what that
means
here's a book some SOPs and figure it
out because I had that amazing start in
my career I you know I just continued to
work for a lot of Fortune Brands and
eventually it led to you know working
with huge agencies brands and awesome
products
you know brands you would recognize
household name products so I did
everything from social media and then to
Amazon so it was really a really cool
path to be able to actually meet with
Amazon execs all the time travel to
Amazon really get to know them inside
and out and it didn't even occur to me
until about four years ago that maybe I
should build my own business
that's what Matt started but yeah I did
have a little bit of a you know inside
track there to get me started and you
know get over some of those humps that
sometimes we we endure as entrepreneurs
but that's why I'm so passionate about
helping others you know yeah that's
perfect and like when you started four
years ago and Amazon what was like the
change that you had in mindset so even
though it works through with some
fortune companies over the years I've
also always been an entrepreneur on the
side I've always had a side hustle
something going on and so I've always
had that entrepreneurial mindset I had a
real estate license when I was like in
my teens so you know I loved going to
motivational you know mindset speakers
like Tony Robbins and all that kind of
thing early on and so I knew it's
something that I always wanted to
achieve and grow and leave a legacy and
you know help people I just had this
incredible desire to help people so that
it was a path to to do that to help
others instead of just fortune brands it
was a path to help you know the little
guy and you know I've gone through a lot
of transitions and wonderful life
choices that I've made having to get to
some hurdles in so you know that's what
drives me also just helping other people
that might be in tight positions and
need another avenue if you're in a
transitional time of your life you know
I think ecommerce and Amazon is like the
the best way it's really one of the the
best ways to start a business without a
whole lot of capital depending on your
business model so to me it's it can
really be helpful to a lot of people and
so the story is that it was just a
family member that said you know she had
gotten a new dog and the dog was eating
the rug like literally eating a hole in
the rug every day she approached me and
she said you know you are on the
internet all day long your whole life
could you just please find me a dog toy
that this pissed
will not chew and will avoid the carpet
and that's the first thing that I did
and I couldn't find anything so it led
us to find the best thing we could find
and then make it better until it was so
good that this dog didn't eat the carpet
anymore and that's how that started so
that was our first unique product that I
launched and then that led to a pet
brand and then the next product we
launched actually within a year and a
half became again another
solutions-based product became an asking
on TV product all through amazon you
know became an Amazon Choice product and
then as seen on TV found it Kevin
Harrington from Shark Tank reached out
and said hey we want to up this product
so that was the journey you know in the
beginning it all started from a dog
eating a rug that's very funny and you
have one person just needing that
product like crazy anything that is so
annoying in your life and you can't
figure out a solution
just add it until you figure it out
because you know that other people have
that problem too you've probably saved a
lot of rugs throughout the years legacy
yeah exactly but I wanted to go into
like how do you actually make money on
Amazon for all the people that know
don't know you know there's a lot of
different approaches and so you know and
that's one thing that I think separates
me from a lot of the other Amazon people
out there because I really want to shine
a light on what Amazon actually is
Amazon is actually a search engine guys
you know we have to think of it more
than just a place to go by my widgets
right it is a search engine it's called
a nine it has autocomplete it tells us
exactly what consumers are searching for
right now up to the last second it's the
third largest search engine after Google
and YouTube right
2.6 billion visitors a month and they
automate you know they do all the
advertising for you so the more I like
to think of it like this the more hooks
we put in the water you know that Amazon
fishing pond the more free traffic we're
gonna bring to our products or services
whatever it is that we're promoting and
so I like to shine a light on all the
different ways that we can gain access
to that little fishing pond that big
fishing pond and one of the ways I would
say for for newbies the way that I coach
people to just get started get your feet
wet is through the Amazon Associates
Program I know it's been around since
1999 or something they've they weren't
the first they were actually the first
affiliate program out there before gee
yeah it was pretty cool and so they
offered a way for other people to refer
people to their products so if you think
about a blog like BuzzFeed right or you
know there's there's so many right now
but all they do is put list of hey the
10 best Christmas gifts this year that
you know the top 5 Father's Day gifts
their whole business model is affiliate
links to Amazon yeah and that's how they
make money that's how they get paid and
there are over I think 800 million
affiliates that are associates for
Amazon now driving traffic to that
platform so they are a big part of why
so many people do come to that platform
and it's a great way to get started I
mean you build a link you put it
somewhere in your blog on social
whatever hey I mean this new smoothie I
use this awesome bullet I love it I'm
gonna get it for Christmas you know link
and that thing lives forever and you
could paint on that forever so
very you can start making YouTube
channels and post links in the
description as well like that's I see a
lot of people posting links to their
camera what PC they use what graphics
card that you saw so many niches as well
and so many things you can go into it's
absolutely crazy and like for Americans
especially they use Amazon for
everything like they buy everything on
Amazon there's no other option
absolutely it's a hundred million Prime
members now in the US which is
definitely over fifty percent of the
households so it's it's rare that you're
not you know using Amazon in a lot of
households and you're really reaching
people even beyond the internet now with
all the Alexa skills which is a whole
nother portal that I talk about in a new
business opportunity for Amazon but you
know one thing I want to get back to if
you're really thinking about selling
products then and you don't have a
product in mind then you know the retail
arbitrage methods are still out there
and it's a great way that's true get
started you know it just gives you
immediate confidence that platform is so
powerful that just having a product on
there you know you're gonna sell it and
it will if you've never made a sale
online Amazon is a great place to start
I I love to you know encourage people to
just take that first step because it
gives you so much confidence and the the
you know the tenacity to and the
empowerment to just music that's
personal bite you know so for those and
for those that don't know what is retail
arbitrage on Amazon
oh sure so when you buy something at a
low price and then you sell it at a
higher price that's called arbitrage so
think about eBay right so that was so
popular for years
we could sell whatever's in our garage
or wedding guess we never opened you
know our children's clothes but the
difference on doing it on Amazon then
eBay is you know Amazon is really more
about new products so that consumers
really expecting more new products
unless you're in like the collectibles
type niche you know that's different but
on Amazon you know you can go to stores
like
TJ Maxx or even Walmart or whatever buy
closeout deals and you know send them
into Amazon warehouses which makes them
prime you know and then you're tapping
into that huge prime loyalty membership
network and your chances of getting your
for sale at that pointer are really
great you know yeah I've seen a couple
of pictures online with people with like
a lot of cereal boxes too stacked on top
of each other because there were on sale
and they cost like a lot more than it
was on Amazon so they took that
arbitrage and made a few dollars off of
that and it's so nice to see all those
super beginners that don't think they
can start making money online actually
go out there and start making their
first dollar because that's a huge leap
for a lot of people and that want to
make money online right now you have a
free webinar and I actually wanted to
know like why did you create this
webinar so this is a really interesting
story because I spend most of my days on
you know besides we outsource a lot of
our Amazon business now but you know I'm
still doing retail arbitrage all the
time because I love it
you know I'll go like I'll go to the
store one Saturday morning I'm like oh
you know I'll just it's a great night
and it just feels good I think it's
something with women to you like we're
never spending money we're only saving
money when we exactly what I was gonna
say was I spend most of my day really
figuring out all the different ways to
promote our products and services on
Amazon and one way that I was digging
into recently it was called the digital
services platform and this had been you
know a light had been shined on this
little portal I'll call it you know
about a year ago and we could we could
upload almost any digital product to
Amazon like you know a PDF
there's Kindle but
you know we were I was trying to get
courses on there like in commodities
like that and so many people were
interested in that so I was trying to
figure that out
and what happened was one day thousands
and thousands and thousands of digital
services products just became delisted
and I also noticed and this is about a
month and a half ago six weeks ago and
what I also noticed was that there were
a lot of differences in the algorithms
there were category changes all kinds of
things happen in one day and you know no
one at Amazon would really say what was
going on but I knew there was definitely
there must have been a huge change in
coding this is probably going on for you
know um months and months and months
before they actually changed over and
when that happened I think you know it
really caught a lot of people off-guard
you know people's Kindle accounts we're
getting shut down randomly I mean all
kinds of chaos so I thought okay well if
they're closing some portals they must
have opened support so then I really
started digging around and it took me
about three days until I uncovered it
and it was this one little portal that
allows us to upload videos and link into
our products to promote our products and
when I found that I was so excited
because that portal which led to a video
that would land on what's called Amazon
video shorts it's like a whole video
shorts category that in the past that
had only been available to brands we
would have to pay thirty five thousand
dollars go to Amazon Studios shoot these
videos and then they would put them in
the video short section you know but the
little guy could never do that so
suddenly this opened up for the little
guy
oh my god that's like the golden ticket
from Charlie and shockula Factory right
so I was so excited I get a little
excited about it was a but but yeah so
everyone needs to know this so that's
that's the that's why you created the
product right because you you found this
new portal and and how to utilize it to
make more sales it was the biggest win
for the little guy that I've ever seen
you know in the past so now level the
playing field and video is so important
you know as a youtuber oh yeah
absolutely
right like 80% of marketing internet
marketing is gonna be video by next year
video is huge
Amazon's all-in on video I mean they
have been launching portals over the
last year like they actually have
amazon.com /watch and shop it's almost
like a QVC type o world where they've
got like ladies talking about baby cups
and and then there's right for sale and
they are all in on videos so I think
that's why they really wanted to you
know up you know love with a playing
field and and and now they actually
partnered with YouTube so and there was
always this kind of crazy little you
know competition going on but there is
actually a way through this new portal
that you can take like your channel and
II would be perfect and you can stream
it to fire TV through this portal which
is credible yeah so and I just imagine
because I've never seen this video proud
platform before but I just imagine a lot
of entertaining video kind of
infomercial zall most well actually the
video shorts area let's call it was
launched a few years ago and and what it
was meant to do was to help the consumer
make a better buying decision because
you're not touching and feeling the
product you're not you don't have a
sales person there that's educating you
about why to buy this vacuum versus that
vacuum or why this baby cup is better
for this kind of child than this
kind of child and yes we can say that in
all of our enhanced brand content detail
pages and you know things like that but
we've never really been able to explain
that with video without dropping and
load of cash you know and having Amazon
do that and so they really do like
educational videos but now this portal
when you upload a video it will ask you
what kind of video is it isn't an
unboxing video is it a product review is
it an other so I as the founder of my
dog brand can go on and say you know
what there's we love you know giving
back and with you today we're here at a
rescue center and you know just helping
the consumer to say well I want to do
business with that brand they give back
so so there's I think six or seven
different categories that you can
categorize your video in when you upload
it and then you actually attach it to a
product so if you don't have a product
on Amazon then you would just choose a
product that you're talking about right
like and have your associates link money
really so you don't really have to have
so you don't have to have products on
Amazon in order to make these videos I
don't you can just go right into Amazon
and start selling products link to any
product and you know here's the beauty
part of it but I think the real trick
that I teach people is and I found this
kind of out by accident as well but you
know many years ago I started tagging
and naming my images in a way so I could
catalog them I was putting keywords in
there and then I started putting my
Amazon Associates link in there because
I started seeing them on Google because
Amazon is the largest advertiser on
Google they spent 17 billion dollars on
Google ads last year so any images that
I was uploading to Amazon I would see
suddenly I would see pop up on Google
Images and I I don't do anything on
Google it's all Amazon so would like
when you click on an image and then you
you go over to the right and it says
visit and you click that little button
it will take you to Amazon well even if
it's not my product
and I have my Amazon Associates link in
the info of the image or the video I'm
going to get paid by Amazon for
everything that customer buys in the
next 24 hours and it was yeah that's
crazy as well like that the craziest
part is that they don't even have to buy
the product it has like a sticky cookie
that stays for 24 hours so whatever they
buy within that 24 hour space you get
paid yeah it's amazing so I you know
this is a really funny story that I love
to tell because we had our dog brand
website and we only had one kind of dog
toy it was a tug toy you know how some
dogs they have to have just stuffing
toys or they like the squeaky toy or you
know but ours was a ton toy right so I
knew that if a consumer was there and
they didn't have the tug toy type of dog
they would probably be the squeaky
stuffing type of dog right on my same
website right next to my tug toy product
I listed an Amazon Associates you know
image with my competitor product and so
when people would click on there people
are crazy about their dogs they would
they would flow through to Amazon and
not only buy that product but twelve
products that's crazy yeah yeah dog
lovers are just a huge like they buy
everything
it's insane though I want to talk a
little bit of more about the trains so
you're giving away a free training or
webinar and and the link isn't down in
the description as well for the lunches
so they can see but what you actually go
through in that training so this
training I I really went overboard I
think it's we ended up going for like
three days on it and so it's a lot of
hours you you
we started with showing you the video
portal and how to do that and but a big
piece of that is how to become an Amazon
Associates right because I want you to
put that link and all your images and
videos and I also go through how to
really figure out what the consumers
looking for so I go through how to find
the right sir
terms you know in fact that's that's
something that you know I've built a lot
of a lot of my success is always based
on that everything we do starts with
what the consumer searching for not with
some dumb product that I think might
sell it's always with consumer searching
for right
so I teach people how to figure that out
and then reverse engineer because for
example I was working on a product that
you know it's called diaper genie right
a diaper pail and that was our keyword
but you know it's through sponsored ads
and things like that that I found out
that other people were searching for it
and in saying nappy been right because
in the UK it's called nappy men and yeah
you mean in America with all the you
know transplants we had a lot of people
searching for that so when we started
adding those search terms then you know
our scale our sales just ten times right
we doing we keep downloading that
because what I I'm gonna call a thing
something and you're probably gonna use
a different term and said one of our one
of our pet products actually is kind of
a weird thing because it's a different
thing so we again like created it and so
there's about seven every time I show it
to someone they call it a different
thing yeah you have to have like that
title will have to be like seven
different words but I really go through
that because that's really foundational
to selling online I mean you can use
that you're on Shopify or Google
Shopping or social or wherever you are
so we start with that I start with
giving you an associates helping you
open an associates account understanding
how that works getting your affiliate
links naming and taking your images and
videos I go through how to make videos
different video platforms that you know
we there's all these pre shot video
clips that we merge together and you can
make a video in ten minutes or one on
your iPhone or you know things like that
to help people because that seems to be
a big stumbling block isn't
oh yeah I think people don't want to be
even camera people don't want to talk
into a microphone or
super easy yes yes but but there are
people just won't so I go through that
too and I understand that so I go
through you know you don't have to be on
video you can you know like on my dog
thing I show a bunch of dogs tearing
apart this huge stuff dog toy or stuff
you know and then I say you know dogs
will be dogs but here's a solution you
know I don't even show the product I
just put my my product name and the link
in like Oh 20% off and that's it
yeah so we go through that and then and
then just for good measure I kind of
went into a LexA a little bit in that
opportunity because I think that's
pretty cool oh yeah and I science a
whole different beast I guess yeah yeah
that's a whole nother long conversation
but think of it like you know Apple
iTunes store opened in 2008 and there
were 5,000 apps back then Alexa skills
you know are kind of the apps that make
Alexa enabled devices smart those smart
speakers and now we've got 50 50 million
people have Alexa naval devices now and
I'm sure it will skyrocket even more
after you know this holiday season so
people are starting to build these apps
or skills and no last year there were
there were 10,000 last summer skills
available on the App Store and 40,000 in
May there's over a hundred thousand now
so it's another great opportunity for
people to start you know looking into
you because this is where we are going
it's conversational selling you know so
I just wanted people to be aware of that
if that's something that trips their
trigger like oh man I could really do
that you know you know like when the
mobile phone apps came around and put 11
and that was the big thing yes exactly
people's wheels turn in like you know
that's something you're into then now is
your chance you know oh absolutely
and I think voice is gonna be huge
that's well like tapping with your
tongue is gonna be dead in about five
years I guess everyone is gonna just
talk like that into the microphone it's
just getting so good I think so and you
know what's funny is that you know I
never knew the more I dig into this the
more I know that how much I don't know I
guess but Alexa has or Amazon has
partnered with Yelp and partnered with
yext and all these things that work in
the background of you know when I'm
talking voice when I'm searching
something voice with my iPhone it's
gonna be a different browser than I
enable I might get different results
than if I'm typing right um on a
different browser versus you invoice on
a you know a non iPhone like an Android
phone something like that right so
there's so many different search engines
and they're all voice enabled a lot of
them are you know voice enabled so the
voice enabled search is much different
than the you know the normal text-based
search and so the conversational selling
piece of it you know now our search
terms are changing you know because
that's very true if we tight grain so
all our search terms now we're gonna
have to really use sites like well
YouTube right it's perfect because how
to do a thing you know I I would say
that and or you know sites like answer
the public I love that site answer the
public calm so that curates all the
different questions that people are
asking around a specific search term and
it's sort of conversational so we can
use you know databases like that now to
power our search terms yeah it's gonna
change like a lot when you said that the
search is different for typing than
voice I was like oh my god I need to
change my youtube keywords around in the
future maybe you know yeah a lot of
different ways to target ask
but the free training that you that you
get if you go down in the description
down below and Tammy's gonna show you
everything we talked about today if you
want to go into Amazon yourself and
check this out I highly highly recommend
it
Amazon is such a great platform and the
third best search or the third most used
search engine in the world and just
around products you can't find an
article on Amazon you can just buy
products there so it's absolutely
amazing to have you on for all the
people that want to join there's a link
in the description down below Tammy is
there anything else you want to say to
the others before we go well thanks
again for having me on and I would just
encourage everyone to you know take dip
your toe in the water I'm kind of portal
that is interesting for you you know
what the other thing is if you have a
local business for example or your
consultant or something like that and
you're saying well I don't want to sell
anything online
you know Amazon is offering a way for
local businesses to be found and booked
and referred on there on the website
juice there's I'm sure whatever you're
doing there's a portal for you and it's
free traffic guys it's free traffic so
any business really any business can
grow with the power of Amazon and you
know I really my hope is that you start
thinking of it in a different way than
we do with our consumer hats on really
think about how we can grow our
businesses with it you know even if it's
just throwing some associate links out
there and getting some passive income
and you know paying your car payment
every month why not you know so I just
want everyone to feel empowered get a
little bit of confidence by getting your
first online sale and really in really
growing that because that's the future
you know that's the future that's where
you need to be
that's an amazing outro for this
interview thank you so much
Tammy for being on here today for all
the people that want to join the link is
down in the description amazing time
thank you for your taking the time to
talk with you today my pleasure thank
you
[Music]
[Applause]

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