Category Archives: Income Generation Methods

The Basics of a Facebook Group

If you’re active on Facebook at all, then you probably belong to Facebook groups already. Just in case you don’t, let’s talk about the basics. Facebook groups make it easy to connect with specific groups of people with shared interests. These groups can be private communities or fairly open communities. Within these communities, real relationships are created.

Facebook groups make it easy to share updates, photos, discussions, documents, and more. These groups are very dynamic and can be created on just about any topic under the sun. You can go ahead and search on your Facebook search bar for keywords related to your niche to see if there are any Facebook groups already on your topic (it’s a positive sign if there are). If there are you may want to join them so you can get a feel for what these groups are all about.

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What to Check Before You Invest

Before you invest in a product to private label, you have to make sure that the company is legitimate. It can be helpful if they have been verified by a third-party, which is what some sourcing guides offer.

You want to make sure the product you’re getting is of top quality and that your customers will be glad to receive it. Reviews, and your reputation, really do matter.

Some manufacturers take great pictures and do a nice job of talking things up, but the actual product leaves a lot to be desired. Since you are private labeling, you are putting your name and reputation on the line. Be sure you always order a sample of the product so you know you are getting something legitimate. It’s definitely wise to pay the cost and shipping charges to purchase a sample before you commit to buying hundreds or thousands of them.

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Amazon FBA is a fantastic business model. Amazon does a great job of making it easy for people like you and me to sell physical products on Amazon.

There are two basic methods—retail arbitrage and private labeling. Retail arbitrage is when you buy products at lower prices in retail stores and sell them for a higher price on Amazon. Private labeling is when you have actual manufacturers make products for you so you can sell them under your own label.

I wrote about retail arbitrage in earlier episodes of The IM Inside Track.

This time, I’m focusing on private labeling.

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