Ever since @Codie_Sanchez started talking about buying businesses I have been checking out BuyBizSell every so often.
Will I ever buy a business? Not anytime soon.
But it is eye-opening to see how much money other businesses make. There really is money to be made everywhere.
Want to lower you ACOS on Amazon? First, you have to understand the 3 factors of ACOS and how they relate.
The 3 Factors are: Cost per click (CPC), Conversion Rate (CR), and Price
The equation for ACOS: (CPC/CR)/Price
Want to lower you ACOS on Amazon? First, you have to understand the 3 factors of ACOS and how they relate.
The 3 Factors are: Cost per click (CPC), Conversion Rate (CR), and Price
The equation for ACOS: (CPC/CR)/Price
High Price - Charge a premium with the highest quality product in the market and a clear branding with a message your customers can relate to. Add additional value to your offer by looking at the bad reviews of your competition and coming up with ideas to solve their issue
Does anyone really want to build a cold email agency, sell products on amazon or start a newsletter?
NOPE!
Most people just want to make 6-7 figures a year and be free to live the lifestyle they want. So sell the money and the lifestyle, then talk about what got you there.
Did you know that prices on Amazon change constantly?
There are many tools out there that show you the price history of a product on Amazon, these tools allow you to know whether or not you're getting a good deal or if you're paying top dollar.
Don't shop on Amazon without one
The tactic used here is to create scarcity. With one car and multiple buyers, the demand far outweighs the supply, causing the product to be desired more and the price to remain high.
How can you create scarcity for your products or services?