Amazon Private Label is Dead! (WATCH THIS before you start your business)

[@jaykeeks]

For everyone: the word "dead" in e-commerce on KZbin means a lot more competitive with possibly lower margins.

[@westwil]

Ah stop scaring people for no reason dude. Sounds like your the type of people who want all the piece of the pie for himself. If you build a brand on Amazon you won't have to worry about most of the things he's brought up, this dude just full of negative lol the only people losing out are the ones who actually don't take actions and just watch videos like this.

[@WatchMeAmazon]

Curious Wilf couldn’t be more wrong. I spent the last year and a half helping hundreds of sellers. Instead of talking about me “keeping the pie” (which is silly cuz I don’t even do private label) tell me what I said that is actually wrong

[@RICHIRICH408]

Really?

[@heyoou]

You are so way wrong on a lot of things. Some truth to what you're saying but there are a lot of grey areas. Like any business, competition is everywhere. Restaurants, gyms, shoe stores, cell phones, etc...why do those smaller co's still stay in business. Because the piece of the pie is there. It's not as big a piece as let's say Nike, Mcdonald's, etc... but you always get a slice. The slice of the pie depends on your skill, work ethic, creativity, and time management. What you are saying is nobody can make tons of money like the big corporations but believe me you can make tons more than working in a 9 to 5 job. I sell in a very saturated category and still make more than I expected. The trick is to build your inventory, brand, research, create, and be as professional as can be, no short cuts, and you make a very good living.

[@WatchMeAmazon]

Paolo Facciolo that’s not what all what I’m saying. Anyone can make that money. What I was saying was it was way easier to do it months ago. New rules and situations make it much harder to launch now whether you’re a big or small seller. Again, not impossible and ppl can clearly do it - but the old way it was done is dead. Much much harder now, and new sellers need to adapt. That’s what I’m saying

[@heyoou]

I agree 100% with everything you said. But the tone of your video is said in a way like ppl who want to start a business on Amazon or are already making a living on it are going to fail because of the changes and the market being saturated. That I don't agree with it. For example, many of the chinese sellers have terrible listings even though they sell at a cheaper price. Me, when I see their listings, would not want to buy from them because, me let's say as a buyer, would think that they are selling me an inferior product compared to the seller who marked it up a little higher with a better sales strategy. There are still many opportunities on Amazon, the thing is you have to do the work in research, quality listing, PPC campaigns, and the most important but overlooked is CREATIVITY, etc. You don't just create a listing, sit back and expect to get rich. This is how I see it. Years ago that same product, if you know what you're doing, made you $10K/MONTH. Now what's happening is because it's saturated, that same product will make you $5k or $6k/month. You're still making $$$, you just have to work more like you said but you definitely can make money. You see that's the problem with society in general. The ppl who fail on Amazon are the same ppl who fail when they want to lose weight. They see the latest exercise equipment and they buy into the ad or commercial with the sculpted actor that in 60 days they are guaranteed to lose 30 pounds. Their expectations are not met because it takes more than equipment to lose weight and they fail and give up. For me, the changes Amazon made with incentivised reviews and taking latest 1 year feedback period instead of many years is finally overdue. Shake it up and make it more of a level playing field. Too many sellers pay family members and friends to give dishonest reviews. Amazon has to do an ongoing cleanup of these sellers going forward. Amazon is finally waking up and taking ethics over $$$. You also said it was a lot easier, yes, but that's putting it in a way that makes it appear that the glass is half empty. Nothing that you really want is easy. I say, learn, adapt,work hard, create, and the glass is half full.

[@ronsouther]

There should be a barrier to overcome before someone can leave a negative review. For example, if the customer never contacted the buyer before leaving the bad review, that should be forbidden. Too many bad reviews talk about a damage product or something not related to the performance of the product, and the seller likely would’ve offered a fix. Contacting the seller first before leaving let’s say a 1 or 2 star review would make it impossible to leave a back mark out of emotions or spite to some degree.

[@kylemmm3822]

I am from China, I work as an IT engineer. After watching your video, I decided to quit my job and start buying stuff from my cousin and start Amazon FBA business.

[@chrisclassic3437]

Good content. I think there is still a lot of money to be made in PL. people do it everyday. Just because it isn’t easy, doesn’t mean you shouldn’t do it. People are always looking for the easy way out. These changes will weed out the weak sellers. The cream will always rise to the top

[@jenzealous88]

I was just noticing that too. That they're all of a sudden aren't having as many reviews. Thank you for being a friendly person, it has helped you and us a lot with you having friends everywhere getting some inside knowledge.

[@mikec.8485]

Hey man! Just placed my first order today with an authorized domestic wholesaler. It’s been a grind but i’m happy I left PL for wholesale!

[@BeardedRC]

I have noticed Amazon is now started to sell everything! Every branded products I have in my inventory Amazon are selling at a third of the price! Everyone item ‘Amazon just started’! I think Amazon and the Chinese have fucked us all over!

[@ZK_33]

People focusing on junk-generic products knew from day 1 that they were not aiming for the long run... They were hacking the system for relatively temporary gain. Now the temporary comes to an end. Focusing on ethical-long run strategies will always pay off, be it in Amazon or any other domain ... It's not a Product Label nor Amazon issue, it's a mentality issue on the sellers' end...

[@WatchMeAmazon]

Yup

[@InternetBizUni]

There has definitely been a lot of changes but Private Label is still very profitable if you do it correctly and not copy what everyone else sells and teach, this stopped being profitable 1-2 years ago on amazon.com and 6 moths ago on amazon uk. As a seller who sells on amazon us uk and all the Eu marketplaces I can honestly tell you that amazon us has the most volume but least profit. Amazon Germany and UK are the most profitable for Private Label today. Good honest video man and you are speaking the truth from your own point of view which is great 👍

[@WatchMeAmazon]

InternetBizUni so we basically agree on everything 👊

[@jakjak258]

InternetBizUni isn't there a contradiction in your comment or just a misunderstanding, you said Amazon UK stops being profitable 6 months ago, after that you said it's one of the most profitable right now.

[@InternetBizUni]

jakjak258 just a misunderstanding. Copying exact products worked up until 6 months ago. Now it’s the most profitable for Unique products because less competition.

[@sugarshack4230]

InternetBizUni could you tell me more about the german market? I’m German and want to be profitable there 😃

[@mdarifulislam676]

InternetBizUni coudnt agree more.

[@Latoya2302]

You’re a natural teacher. I love the passion and realness you bring!! May everything you touch prosper.

[@ZimaletaMotors]

Great Video, I actually wanted to talk about similar thing on my channel, I been noticing profit margins shrink due to Chinese manufacturers selling on Amazon, but this this same manufactures want to sell you private label stuff for similar price on Amazon , so it’s becoming hard to buy from China and compete with China on Amazon

[@KrisMcCauley]

There will always be room to create a brand on any platform out there. That being said the days of selling cheap knockoff products with a label attached (even in under developed niches) is gone with the new review system in place. Preach Larry.

[@1292liam]

what new review system?

[@FinanceIQ4024]

cant receive more then 8 reviews a day and you can not have more then 4 percent of reviews to sales!

[@1292liam]

Is that Amazon (europe) rules, in stone? You mean - I can get an unrelated friend to review a product im selling, and they dont need to purchase it ..but only 4% of reviews can be beyond how many I ACTUALLY sell ? So in other words, hardly any can be 'unverified'

[@ManuelLopez-gh3uq]

yea.

[@DMP45]

You made some very good points! Im trying hard to get into Private Label and build up a brand. RA is pretty easy but not the business model I want to do. Id rather have the convenience of having products shipped to me or directly to Amazon rather than driving around to different stores.

[@NormLanier]

I figured this was worthless clickbait and I was going to roast you for it but refreshingly everything you say is true. Thumbs up and I subscribed.

[@WatchMeAmazon]

Thanks Norm Lanier ! The title was purposefully click bait, but the content I gave my honest observations.

[@MrJosephochar]

I honestly enjoyed watching that, i am only undertaking the training and research to see how i can eventually start selling on amazon. I was impressed to find a video that is not just promoting the Glamorous side of Amazon selling but, informative and open, and giving us the dark side that is business. i will now go in with my eyes open and without any delusions of grandeur that i will launch a product and become an instant millionaire. Thanks so much for the info, the only criticism i would give on this video is that i came out feeling like you were angry about something. But that's my opinion i don't know you that much, and maybe that is just the way your delivery is. maybe next time a little less emotion may help. it was a powerful message, but the emotion could have easily ruined it by taking the message away and giving ammunition to your critics. Thanks again buddy for that.

[@alexanderseifert7078]

I mostly agree with the comments. Chinese have been getting savvier over the years. One thing I wanted to add is that if you have a product, you can source in china and assemble in the US, with a key component. This is very old thing that OEM's have been using and might be useful to someone. As new challenges appear so do new opportunities. cheers

[@WatchMeAmazon]

Alexander Seifert good advice

[@MatthewRhodes]

After watching other KZbin channels. On this channel I actually LEARNED something!

[@WatchMeAmazon]

Matthew Rhodes thank you!!

[@shonte0]

ME TOO 🤔

[@Mr.W1llson]

you hit the nail on the head.. currently going through what you've discussed and been looking at creating a viable brand and following as oppose to just launching products and thinking it will just sell on Amazon. Really appreciate your no-non sense approach

[@WatchMeAmazon]

Thanks

[@fr1defense]

Wow so eye opening. Thank You Larry for putting this out there and helping people realize the kind of work now that is required to succeed on Amazon. I have always recognized Amazon as a sales platform and that's why Im going hard on building my brand outside of Amazon. Love your Content brutha.

[@WatchMeAmazon]

Aaron Gonzo thank you

[@Loriannl7]

Awesome video and spot on. I think the reason you touched a nerve with people is that you aren't selling " easy passive income" and I have so much respect for you for being honest. I have a brand on Amazon, and I can tell you that you hit every single issue that brand owners are facing. Thankfully I started when the changes were happening so I couldn't miss what I never had, lol. You are also right that people can be super successful, but it takes passion, work and intention. Thank you again for another great video. You are a gift!

[@Telluwide]

If you build a brand, like through a website, Instagram, KZbin etc. Get a following, then create products related to your brand. Using made in the USA, Europe, etc.labels, you can still do very well. Just creating some generic private label, throwing up products based on price and trying to compete with Chinese manufacturers is a fool's errand, a mug's game....Your video is spot on...The good news is, this weeds out a lot of FBA quick buck "4 hour work week" hustlers and short termers.

[@remigijusmatukaitis4383]

Maybe it sounds negative but I think this guy is right. When I was introduced with PL on Amazon it was so different situation with less competition and saturation. Now you have to put more energy into marketing and building your brand rather than a product. But still, while Amazon revenue is growing sky high there is a lot of opportunities in PL.

[@robizad]

Amazon FBA is still profitable in 2018. This marketplace is growing year after year. ... If you've got $200 to flip products or a few billion to invest in amazon stocks, the future is very bright.

[@WhatTheFucckk]

You are a sack of shit. Selling ppl your useless courses. The dude in the video is talking about ppl like you.

[@Novaknet]

Nice. I want to start selling my private label brand

[@coinstacks2455]

Fuck off

[@musashi-san____1409]

Nothing lasts forever. All good things come to an end. You still gotta keep grinding hard even when you think things are "fine". So many factors that can fuck with your business, and in many cases you can't do much about it. Thank you for the video.

[@Damien81ful]

Saturated branding should be talked about. It denigrates the whole purpose of branding. The truth of the matter is the largest companies always control the branding.

[@NissrineA74]

Regarding listing hijacking: i just contacted amazon and spoke to a rep about that. I asked does it really happen since no one can have access to my account but me? He explained that although rare, it can happen and then only people that CAN do that are amazon workers because only they have access to our account details but that also they have online security agents working to detect such activities and handle it. Also, if the dirty sellers can hire agencies or pay real people to leave negative reviews, why can't the authentic seller do the same in return? Hire real people and agencies to put positive reviews without going overboard of course (as per your example of the Aveeno brand)?

[@monalucas3479]

Thank you for this info! I was almost about to sign up for one of those "guru" videos that described just what you are preaching on regarding the older method of private labeling with Amazon! And these courses (as you know) aren't cheap!!!!

[@healthyliving542]

@Mona Lucas Please don't give up on your dream, get a course and do it. People will always say it's late and you will look back and regret it later, for not trying. Please go for it, everyone is different! xoxo

[@MariaPerezz2]

Do not shadow any kind of sales, let each shine for its own.

[@darrinbrown6927]

Your review from top to bottom was riveting.I've gained from your insight,and it was time well spent watching you get down on video.

[@MrsCourtneyG81]

Bless you! I appreciate your knowledge and ability to deliver the real. Much respect Sir! Annnnnd I’m subscribing💃🏾

[@sabinacohen6130]

I AGREE !!! EVERY WORD IS PRECISE !!! THANK YOU SO MUCH

[@WatchMeAmazon]

sabina cohen thank you

[@Hypermetamorphosize]

Larry. As someone who has been seriously contemplating entering FBA venture, I truly appreciate this. These are the risks I've been looking for to feel more comfortable and better equipped going forward.

[@WatchMeAmazon]

Hypermetamorphosize hope this helps

[@yl7806]

There are around 150,000 Chinese factory sellers on Amazon. And the number is growing. They are also building up the facilities overseas, to offer better products and better customer services. They are competing with each other, small and medium sellers who does not have production facility or offer any value to the end customer are just collateral damage...

[@richiea7995]

True, this happens to marketplaces in my country, located in South East Asia. Profit margin becomes lower and lower ever since the Chinese manufacturers also started to sell in the marketplace. So what we do is we market high-quality product from the local manufacturer. Even if we sell an item from Chinese manufacturer we will rather go to a high-end product and keep up with current trending. Competition is fierce than ever.

[@WatchMeAmazon]

Richi this is correct

[@monix5531]

OMG...... Amazon trying to stop sellers gaming the system. I AM SHOCKED!!! I see a lot of this outrage in the eBay selling community too. Why can't sellers just play the game straight?

[@WatchMeAmazon]

monix agreed

[@PeterJGorski]

Thanks for being Blunt.. Got to look at all aspects of the business the good and the bad. But what you stated in this video must be heard to get a better understanding what you are in or what you might be getting yourself into.

[@philomenthompson6946]

We keep these people in buisness so seller's need to find another platform other than amazon. We need to take a stand.

[@mag6521]

Thanks for being realistic!!

[@ciprodriguez]

@watchmeamazon thank you i am going for my own store. Im still scared about other companies trashing me on purpose. I would never trash another company on purpose I would only try and make my product better.

[@dillonle4034]

This is true..I see alot of seller straight from China with cheap prices so that make harder for US sellers to compete

[@RottenMal]

This was the most honesty I’ve received regarding this new seller craze. All the “gurus” come off disingenuous. They don’t give you the dirt like this video did. I bet their main source of income is from KZbin and selling courses.

[@WatchMeAmazon]

Jamal Landry love compliments like this man. Thank you 🙏🙏

[@miltonbernal4135]

Dropping some 💣💣💣 Always the best Amazon Content ever. Thanks bro

[@robertota6134]

Getting the first ten reviews is so hard. Like without the friends and family method it seems damn near impossible. Do you think that making our friends leave 80% five star reviews and 20% four star reviews could mimic the actual review process of a successful product? BTW SUBSCRIBED.

[@WatchMeAmazon]

robert Ota not sure

[@ezumach]

Wow, finally an honest intelligent video on this subject.

[@WatchMeAmazon]

ezumach thanks

[@juntjoonunya9216]

Sounds like good news to me as a consumer and new seller. I was getting tired of weeding through all the fake reviews, and good to know I won't have to compete against them especially as I have no intention of selling crap that requires paid reviews for

[@mrshirazi]

Can not competite with Chinese manufacturers who sell on Amazon, their prices are so cheap, and they are ruining the business.

[@andrehenderson2488]

Amazon Driver I ran Into that problem when I was selling on 3 different products it really hurt my sales

[@ShlomoEliyahuBaron]

Mr Potato Free market will soon mean many people living on the street as 3rd world countries can produce everything at a fraction of the price and jobs locally here will continue to disappear. I think a manufacturer should have restrictions on Amazon

[@mick.y4776]

@@ShlomoEliyahuBaron I agree wanted to start a business; although not private labeling though.

[@MrJosephochar]

Its rather ironic that on one breadth we are asking everyone to adapt to the changing landscape to compete, and on another we are complaining that those who are adapting are hurting our business, the question now is "to adapt or not to adapt" These third world countries we mentioned are adapting and beating us at our own exploitation game, they have realized that we have been exploiting them for so long. we now have to up our game in order to be competitive. otherwise the "Exploiter will become the exploited"

[@drummerkiddd1517]

That’s when u got to differentiate

[@ranacjp1952]

From the looks of what’s behind you... I’d say the Amazon PL Business Model is alive and kicking! LOL!🤪

[@FinanceIQ4024]

that's not PL dude haha. Its wholesale and Online Arbitrage. U don't have PL products come to u. its done through muticahnnel in amazon (from china to Amazon FC).

[@cris-yo1950]

Tyrone Savino you can have private label products shipped to you, its just more work for you.

[@ThriveWithLouise]

@@FinanceIQ4024 also doesnt always have to be only from china.

[@mimimaliar7057]

So what you're saying market is saturated and people don't need another plastic gadget from China. I call this good news. Focusing on quality is win-win situation. I hope this will restart small and medium sized manufacturers in the US.

[@uniquelines]

mimi maliar Thank you this is the comment that I was looking for, I am also glad that my campaign has hopefully got to the President's ear. I hope that what I'm reading is true. The fact that we're pulling out of of the UPU. China having the ability to ship cheaper than us US merchants can ship internally is just wrong. #ChinaShipsCheaper

[@rustybros]

Larry, I love your videos. You're very down to earth and you really say it as it is. No sugar coating it or any fancy video editing. You make your videos feel like I can relate to you and makes me feel like I can accomplish something by following your advice. Keep up the good work and I'm looking forward to more informational videos from you.

[@WatchMeAmazon]

Rusty Bros thank you bros

[@OldCyrilTheGamingGrandpa]

Funnily enough, I started my Amazon business exactly 2 months after he posted this video and I've got 2 products now, both making approx $30K revenue per month, over $15K profit on a monthly basis. If that's "dead" I can't imagine how good this used to be!

[@WatchMeAmazon]

Old Cyril The Gaming Grandpa well clearly grandpa you didn’t watch the video, because the title is just a play on words. I actually say it’s not dead and then go on to lay out a multitude of problems that successful PL will have to deal with and adjust to. Problems that I’m sure you’ve dealt with if you have a successful PL business

[@juniorbattle21]

I’ve been selling on amazon for 4 years now. I hate videos like these. Because people have shiny object syndrome and the private label people will now want to switch to wholesale and crowd that space as well. I wish gurus would go away lol. Over saturated space now.

[@WatchMeAmazon]

Or you could just address specific arguments in my video and tell me what part of what I said wasn't 100% on point?

[@PennsylvaniaHomesforSale]

How much do u make? Part time full time? I'm interested in getting in the the business if it's worth it

[@kenyates5526]

Great advice, finally some real info that makes sense. I have been researching starting up my own brand using FBA with Amazon and this video hits the nail on the head for me.

[@WatchMeAmazon]

Ken Yates thanks man

[@ladyfitness67]

WOW .... hearing you load and clear. I was considering PL before coming across Wholesale retailing. Thank you.

[@WatchMeAmazon]

ladyfitness67 thanks for watching

[@user-vx2wp1ez5s]

A fascinating video. AMZN wants satisfied customers, so I guess it's kind of inevitable that they will take countermeasures against people trying to game the systemd.

[@leopoldofimbel121]

Agree 1000% with you. I've experienced everything you talked about. You nailed it man: Trademark USA products Customer Service (Design your own patented products)

[@AmazonSeller.School]

Reviews are more for social proof. Reviews do not play much into the Amazon algorithm as it has most to do with sales percent compared to visits to your product. Low reviews drop the sales which is why it look like reviews weigh into the algorithm. I am doing wholesale and private label but my private label is going to be a brand outside of Amazon and its an area that I am passionate about and want to build a business around. You are correct that the quick buck on Amazon is gone but private label has been in existence forever and is not going anywhere its just now you need to treat this like a real business and the fly by night sellers are failing which makes the opportunity for a real business even better.

[@WatchMeAmazon]

Entrepreneur Adventure I would disagree that reviews don’t factor into algorithm rank. A good ranked product will lose sales and velocity as soon as ratings dip on the product. That’s a clear indicator it effects it

[@AmazonSeller.School]

Watch Me Amazon yes it will but I believe that has more to do with less people buying the product because of the lower review. It does factor in but it's a much lower factor than sales percentage.

[@matthewjames1172]

larry--your amazon videos are the best on yt. by a very wide margin. thanks for these.

[@WatchMeAmazon]

Thank you! Appreciate that so much!

[@keezer4346]

This was a thorough analysis. When I launch next month, I'm taking this into account!

[@WatchMeAmazon]

Known Boston hope it helps

[@thingsthoughts2111]

A lot of what Larry is saying is true, if you get suspended or run out of inventory your ranking will go down, BUT Amazon's algorithm pushes you back up to where you were ranked before once you get reinstated or get inventory back in. I have had that happen to my account and my clients account before.

[@WatchMeAmazon]

Things&Thoughts definitely NOT true that amazon will restore you to your previous rank

[@thingsthoughts2111]

Watch Me Amazon from my experience my clients have gained back thier ranking every time. In what situations have you seen a seller not gain their ranking back? I’m curious. Thanks

[@WatchMeAmazon]

Things&Thoughts almost every case.

[@thingsthoughts2111]

Watch Me Amazon not with the ones I have dealt with. They gain their ranking back almost within 48 hours of being reinstated.

[@EagleEyeReporters]

Watch Me Amazon eye

[@tjalling1489]

--> Harder to find products: yes, but try another market than US and find many opportunities --> AMZ is changing their rules and policies: yes, every day,.and they will continue to do so. --> Reviews rules being changed. I can only see this as an advantage. Don't go for fake reviews. Plenty of other white hat launching strategies out there. --> Reviews itself dont rank or drop your product in the AMZ algohorithm, it's the conversion rate that's at stake here. --> Fluctuations in rankings: yes for sure, especially in the first months. --> More work is required: lol. Off course. In my opinion this is just a video explaining the things you encounter when private labeling. And then promoting your own way (wholesale selling) instead. You could make a video of wholesale is dead as well. ''Its really hard winning the buy box now'' for example, leaving you with an unsteady flow of sales. Competition is so high and the chance of running into a price war is really high. etc etc. etc. Private labeling is still very profitable if you do it RIGHT. Not copycat everyone else! Spend a lot of time on differentiation and boom. I get much higher profit margins than the 20% you are aiming for.

[@WatchMeAmazon]

Tjalling Sol the whole point of this video (if you watched the whole thing) was that the old way of doing PL...the strategies that most ppl preach, are in fact dead. Sorry if that rubs you the wrong way. The other point of this video was that it IS possible to be successful at private label, and just to try to give some insight as to how and why. Lastly, at no point does this video promote wholesale. To the contrary, I actually say that wholesale is not without its own issues and problems

[@tjalling1489]

Not trying to bash nor being rubbed the wrong way. I did watch the whole thing yes. Still got some nice insights out of it, thanks for that :) You're right. The ''old way'' doesn't work anymore. But the new way is the old way every couple of months. That being said: is it ever dead? haha. If you don't adapt, you're out. Just my thoughts on it. Good luck with what you're doing man!

[@WatchMeAmazon]

Tjalling Sol thanks man, just my opinion. Still think private label is a kick ass business. Jut much much harder to launch new un-established brands

[@marcduchamp5512]

No business will last on Amazon, either your time or money will run out

[@WatchMeAmazon]

Marc Duchamp I disagree. The real last, the half assed ones go under. This is what we’re seeing happening now with PL

[@davidhalfaday844]

I found this to be a video that was perfect timing for me to watch. I'm looking to create a side business, and after watching other videos I was possibly looking at starting a private label, but with what you indicated here. Not that doing what you're doing isn't still a great idea. I think I'll stick to just doing the affiliate style as I build my youtube channel. So thanks for this. It probably saved me a bunch of money. Good luck on your adventure.

[@LuisGarcia1]

David Halfaday I do not think it is dead. Amazon is going to be a trillion dollar business soon. Also the new generation of kids who are on their phone all day will use Amazon alot

[@davidhalfaday844]

Luis Raya I don’t believe private label is dead either, it is just going to get harder, and probably riskier, and possibly take a lot more time then what some are use to.

[@rb006]

Great message! Thanks for being genuine. Going into 2020, it's never been more true for branding.

[@dbm12]

Great video, thank you! I’m new into reselling recently, currently just doing thrift stores and garage sales selling on eBay. I have been looking in to Amazon recently and I have seen a lot of these videos you are talking about. I always knew a lot of them seemed like scams or just too good to be true, but I’m very grateful to understand what’s going on in the big picture right now. Subscribed, thanks!

[@maxpainmedia]

How has the re selling been going for you bro? I live im nyc alot of thrift stores out here id like to get into re seslling

[@benweaver7455]

I think it can still be done but you need time and you need to be extremely smart and experienced. There's so many moving parts to PL. I've been learning and attempting PL for over a year and a half. Things change so quickly that I don't have the mental capacity to get creative and keep up like some people. Sometimes we need a reality check and know when to check out. I think it's time to go back to local brick and mortars business which, unfortunately, takes a lot more capital, risk, and is much more long tail before seeing any profit.

[@WatchMeAmazon]

Correct

[@PrimeeComGroup]

U are killing the league, my brother. I agree 100% with you.

[@JuanSanchez-rb2hw]

Great stuff for me hear. My first PL bundle is about ready to sell on Amazon.

[@allisononyoutube5794]

Juan Sanchez congratulations!! I hope you are successful!! This video should scare people who are practicing negative behaviors. I hope they get caught. There is enough room for everyone to make money and to have options.

[@sailingreliant]

Thank you for your honest, and frank commentary on this. So what you are saying is that this is an actual business now, and everyone better get a good office chair and coffee pot. I think this is still a great business model. I'm actually kind of happy that its normalizing into an actual retail business. Ecommerce is most definitely the future, but it's sadly been looking like a get rich quick scheme. Once again thank you for your insight my friend.

[@WatchMeAmazon]

groovy guy 74 well said

[@trs8607]

Thank you for your honestly! I started looking into the PL and am thankful I saw your video first!

[@WatchMeAmazon]

Tammy Sutton you should still do it. Just now you know the right way

[@mattearls2416]

Hard to argue with any of this. Good stuff man! I grew up in the wholesale business. Started 10 years ago. I've had a front seat view to all the changes over the years and all the "gurus" that have come and gone with techniques/hacks to make millions. Now I'm consulting and seeing a whole new side of the game from the brands perspective. While I think the wholesale model is still viable and I recommend this for most beginners... I do see lots of changes coming on that front as well. It used to be easy to find existing listings that were selling well that amazon.com wasn't already selling and piggy back on the wave with little to no effort. You just needed to find the product, build a relationship with the brand or supplier, negotiate on price, handle your operations, and understand the financials...and you could build a successful business relatively easily and quickly. Nowadays most new brands are selling direct to consumer or Amazon is catching them early in the game and convincing them to sell to them as a vendor. I think the future of the wholesale model will involve identifying brands with little to no presence on amazon. Convince these brands to partner up and/or potentially sign exclusivity agreements, then launch their products brand new on the platform. This will involve a lot more skill in the sales/marketing areas which used to be non-important in wholesale. That's just my 2 cents on where I see it headed. Curious to hear your thoughts? I've had brands contact me to consult and they told me they were using fake seller names so their 3rd party sellers didn't know they were planning to sell direct on Amazon. When a company understands the potential money they could be making, it changes their perspective real quickly.

[@ElizabethGalarza1]

Coach Mearls That was exactly what my question was going to be. Why the manufacturers would avoid selling directly in Amazon or directly to Amazon? I'm learning this business and I'm about to decide which direction to go. After watching different videos and opinions I think that the best way to start is creating a good quality product preferably made in the USA and build a brand around it which will take time and hard work. After watching this video I think it's a good idea to see if I can find a product to wholesale, not making it my primary business. I also think that it's imperative to reach other markets outside the USA. Am I right or wrong?, I'll appreciate your opinion

[@mattearls2416]

Elizabeth G I’ll start by saying there’s no right or wrong. People have made money with wholesale, PL, drop shipping, handmade, merch by amazon, arbitrage, etc. Everyone has an opinion on which is best but really all of them can work. I personally believe wholesale and PL are the best options for long term success. I’d recommend a hybrid approach. Start in wholesale. Learn your market. Build your brand. Gain some customers. Then look to PL within that market. Wholesale can be very frustrating you’ll have to be patient.

[@reacting_to_stuff_]

Amazon makes the game more fair for all. Imagine investing in quality rather than cheat on reviews

[@ashenafinebro4976]

I get the cautionary talk. But please talk about the value of private labeling in 2018. It seems a bit discouraging.

[@rasmus7400]

True. He should.

[@ecommerceuniversityshorts4901]

facts.

[@Dannybperez]

Ashenafi Nebro there’s definitely a lot of value in private labeling. You just need to do it right put in a lot of effort and build your brand.

[@BlunderCity]

It's not any different from 2017 or 2016 but slightly degraded compared to 2015 and significantly compared to before. The reality is that nothing has changed in the last 2 years, just that the rules are enforced now (as they should).

[@terrancewilkerson7497]

You can't beat good ole fashion hard in any business be it online or traditional. I am moving into the E-Commerce space and there is still a huge amount of growth in this space. Like any new platform, E-commerce is correcting itself and all the get rich quick crowd and short-term so-called business people will fall to the wayside. I do agree with you in terms of building a brand instead of a copycat product and looking to make hundreds of thousands and even millions will require HARD WORK! Private Label can make you very profitable if you put in the HARD WORK and grind like any real business. I know business owners on Amazon who is doing PL and are killing it because they grind and don't cut corners. So yes, PL is dead if you're looking to make quick money and not grind. Put in the work and you will succeed, period. Cheers

[@princeyubrajkarki]

This is the honest opinion thrown and best video video I have ever watched. Good job,Buddy.

[@enerzise3161]

It appears some people did not watch the whole video before throwing stones. The video is very honest and covered topics I thought about over the last couple weeks of research. The ending statements touch on what I was thinking. Pick a product line with demand, design a product line off from that, make sure it is a product line that is least likely to have cut throat competition and make sure the finished product is A grade. No crooked lines or stripes, the paint is smooth and glassy looking, have a catchy but not corny product line label name and consider advertising some in magazines and to national clubs related to the product line. It is not necessarily about trying to sell a product but getting perspective shoppers to buy the idea mentally that the product is different, interesting, fun and fits in with their interest. For the product line I am looking at that is. The end result is selling products and the buyers being happy they purchased them. Then use the profits to diversify and increase the line throughout the year, so it keeps longevity. Old School advertising still works and making trips to guest speak at clubs and setting up a KZbin channel and Facebook to do drawings for giveaways. These are ways to make sure people are telling family and friends and word of mouth is spreading independently of Amazon. We are not just talking about selling on Amazon but also selling from our own online store from Go Daddy and hitting flea markets on week ends and doing trade shows. Those things are not work to us as they are actually a blast and offer traveling to places worthy of vacation time anyways. I would say this video is a thumbs up. It did not appear to be fear-mongering but a good assessment.

[@carlosthefeline9798]

👍🏼 👍🏼👍🏼 I’m looking to get into private label and selling on amazon in the near future. So this was good heads up, thank you.

[@FinanceIQ4024]

Glad I have two business models and going into wholesale. Made some connections and it looks like wholesale is best opportunity and long term game on Amazon or any online platform.

[@andrewfreeman88]

Could you explain the difference between wholesale and just buying product in bulk and selling it on Amazon? Do you ship your wholesale product to FBA or from home, still learning thanks.

[@KRX_REBEL]

Larry dropping the knowledge Bombs!!!! Great stuff keep it up!!

[@gavrosh00]

The new amazon rules about insentivized reviews is actually a good thing for new sellers, FBA is dead for cheats who rely on friends and families to get reviews, the Chinese competition is not as big as you make it sound. I think you just want to be different with this video to be noticed. That's all.

[@steveduncan6073]

Amazon potentially has a very serious problem. They built a business sponsoring sellers without paying attention to what they were selling, relying on reviews and the market to maintain order. When some sellers did some very serious cheating, Amazon lashed out blindly, punishing good as well as bad. And not protecting good. Who wants a business vulnerable to ruthless and unfair persecution? If Amazon becomes unsafe, good sellers will bail. Amazon will turn into a junkheap. Amazon needs to see that good sellers will be safe and profitable, while bad guys will be punished. Else their business model collapses. Amazon may be profitable now, but if their behaviour is as bad as it seems, that could change - fast.

[@johnnyboy190]

Larry dropping real knowledge as always. No BS

[@WatchMeAmazon]

You know it

[@ComeHereGreatness]

The reason for this is because cheap products make a cheap company. You have to think about the future of the company. Amazon does not want to be known as Alibaba. If 90% of their sellers are selling cheap products from China in time customers will seek out other online venues to buy from rather than Amazon. A lot of people are trying to make a quick and scammy type business vs working hard and building a solid brand.

[@Dannybperez]

That's Great that’s why I always recommend sampling and inspecting products if you do source from alibaba. I’ve been able to source high quality products but you have to really search for a great supplier!

[@ComeHereGreatness]

Danny B. Perez People always ask what's a good product to sell. In my opinion anything will sell only "if" the product has good quality. For example, if I gave you two choices to choose from 1. Paper Business Card OR 2. Magnet business Card 9 out of 10 people will choose the magnet because its actually useful for more than collecting dust. This concept works the same way with selling a product to consumers. Who wants old lettuce? Not me.

[@Dannybperez]

That's Great i I totally agree with you brother. A big reason why people fail in PL is because they don’t put the effort required to create a quality product. I’m just saying I’ve been able sell as private label seller but had to put in effort to put out an actual quality product

[@petlove4life]

Dude, you're my role model. I've been trying like hell to model my business after you. Thanks for all the good information. If you offered 1 on 1 consulting I would sign up

[@carlosvictor1036]

You are talking about truth really like this video.many people don't tell negative part of business.

[@WatchMeAmazon]

carlos victor thanks Carlos

[@juanbatista4744]

Thanks Larry for been so honest, Amazon wholesale is the way to go

[@WatchMeAmazon]

Private Label is great too, to be honest. Just gotta do it the right away.

[@Pernection]

Don't depend on one outlet. Sears and Walmart do the same thing

[@MrLoco-ok9im]

At Matchory we work with so many successful young brands! If you add little innovations and constantly improve your products and make them better it will never be dead :)

[@fraukehartmann7439]

Totally Agree!

[@WatchMeAmazon]

Mr.Loco agreed. And that was kinda of the point of the video

[@MrLoco-ok9im]

Indeed, I totally agree :) I also liked what you said about Chinese manufacturing. They are doing a great job for many years and in many product categories. Many people still don't understand

[@BlunderCity]

Private labeling isn't dead, it's just changing. It existed because Amazon was born (let alone its marketplace) and it will survive Amazon. incentivised reviews were banned 2 years ago and everything that has happened since then has been highly predictable. Amazon PL is not deader today than it was 2 years ago and frankly, the changes are going in the right direction. It will weed out the amateurs and the ones looking to make a quick buck. If you're not in that category and you are in it for the long term, nothing has changed, keep plowing ahead. In fact things are improving. The only major downside I see is that an increasing amount of capital will be needed to scale and compete. Perhaps a little more patience too. What I do agree with is that the days of considering Amazon PL products like stocks to buy for the short term and to dump when Jungle Scout has driven too much interest towards the niche it's at are over. that's not a bad thing in my opinion.

[@WatchMeAmazon]

Correct

[@totallysafe]

What I have never liked is that "reviews" in general are not verified, which opens the door to fake reviews that can damage any business. Is there any way that these reviews can be verified and if so, who does that?

[@LuisGarcia1]

TotallySafe it says on Amazon weather a review is verified or not

[@laviki5190]

Thank you for being honest. Blessings to you and continued business success New subbie 🤟🏽

[@WatchMeAmazon]

Thank you

[@danielchevin160]

I fully agree and before i started i am happy I saw your vid.

[@TheDavidandre610]

Simple brainstorming: is Amazon allowed in China? Can American manufacturers sell there? Do you guys really think they care about Jeff Bezos being the wealthiest man on earth? Trust me guys, in a blink of an eye they can make Jack Ma the same thing.

[@armandosilva6150]

I’m reviewer in AMZ , you are totally right, except for the part “adapting for new AMZ private label , come on men , every real owner business know that Shopify is the new way , but of course if you sell AMZ courses , you can not talking about it 😉

[@WatchMeAmazon]

armando silva amazon still beats Shopify for brand building

[@BlunderCity]

_"amazon still beats Shopify for brand building"_ At the beginning perhaps. For slightly more mature PL brands, I'm not so sure. For instance, virtually no one will buy your business for more that 2 years worth of earnings if you just sell on amazon because of the single point of failure that it presents. The amazon model makes you an amazon supplier in disguise and the valuation of your company and the brands it supports will be valued accordingly.

[@JessicaPachecoYT]

And traffic :)

[@WatchMeAmazon]

BlunderCity if you’re a mature brand it’s obviously better to get the customer off amazon and on to your platform

[@TomWang]

What is your experience selling on Amazon as a private label seller?

[@WatchMeAmazon]

Tom Wang I know a lot of large PL sellers and both of my closest friends do PL on a big scale. I trust their opinions and observations about the state of PL.

[@speak-inspire]

@Watch Me Amazon: WAIT! So you’re not a PL seller on Amazon? How can you post this video knowing everyone’s day-to-day experiences are not the same. If you were a PL Seller on Amazon and really “in the grind”, you WILL experience something opposite...AND may be able to give them helpful advice. In the book Think And Grow Rich, this is what is called “The Mastermind”. It’s when a group of people with the same interest join together to share the same an opposing views in order to birth something fresh and new that the other may not have thought of. Do you think it’s fair to give an HONEST review on something that you have not experienced first-hand?

[@DarkisArt]

Andrea Roux u couldn’t have said it better.

[@deweywsu]

@@speak-inspire Absolutely unbelievable. The author doesn't even participate in the business he's talking about in this video. Maybe some relevant points, but not first hand.

[@inspire7119]

@@speak-inspire You have a valid point. Its like Tony Robbins giving advice on the stock market lol Tony Robbins doesn't even trade the stock market hahaha...

[@pw2738]

Eventually I will soon be entering the world of Amazon FBA as primarily a private label: however, in my experience in business, if you stay focused and take the time to create or find a quality product, willing to really grow your business and a solid gold reputation, offer impeccable customer service innovative product promotions via social media, and willing to do what's never been done before, it will eventually take you where you dream of being . In my opinion it doesn't matter how saturated a market is-I believe that if you build it GREAT they will come. There are millions of restaurants all over the world and many more that have come and gone. However, the ones who are still standing, generation after generation, are the ones who offer AMAZING and unique products in the form of food! Your video is enlightening which I'm glad it evoked a comment about the countries that really embrace private labels. If I should decide to do whole selling as well, I gladly look into what your offering before going further with it. Thanks!

[@WatchMeAmazon]

P Wilder this is exactly the mentality you need to successfully do private label

[@banzonfamilychildcare9840]

100% agree! Need to focus building a stronger brand, unique and high quality product. Thank you.

[@ATLJB86]

I wish I would have found this video before I started private label. Launched my own product under my companies name and I have 2 intellectual claims already. I have heard all the games people play like taking advantage of repricer buy getting them to deprive everything low then buy out them item then resale it at the high amount. So much BS going on for private label so I changed my business model. Thanks for being honest. Posting in 2019

[@WatchMeAmazon]

JB ATL sorry you didn’t see this earlier. Still plenty of good ways to make money on amazon

[@ATLJB86]

@@WatchMeAmazon indeed

[@protagoras9919]

You bring awesome value man, really good content! keep it up !

[@JCHansen]

Best amazon Guru on the net for sure. Always straight forward. GOLD. I hope retail arbitrage doesn't take a crap. That's what I'm hoping to scale to a decent living. =)

[@WatchMeAmazon]

James Hansen none of them are really taking a crap. They’re just all evolving and getting more serious.

[@lengregorio6647]

Controversial as it is, I believe all you said. Thanks so much , this is enlightening

[@momentumstocks3493]

any business where you hand control over to one company be it Amazon, ebay,Google, FB, etc...is built on quick sand