Expert interview: How you can start your own profitable private label e-business
Last month, we had our first Amazon workshop in the Philippines – “A-Z of Amazon Selling” and we got two successful sellers to facilitate it. Today, we got to interview one of them, Jensen Go Chow, to share his Amazon experience.
Tell us a bit about the kind of business you run.
I have a dream lifestyle business- I work from anywhere with internet connection! Over the last 2 years, I have worked from Las Vegas, Los Angeles, Seoul, Surfers Paradise, Sydney, Brisbane, Cebu, Manila, Boracay, Guangzhou, Hong Kong, Taipei, Bangkok, Phuket, Kuala Lumpur, Dubai, and Rio de Janeiro! I am doing this interview from Macau.
I source products, brand them and send them to USA to sell on Amazon.com. Amazon handles warehousing, delivery and customer service. Totally hands off and stress-free business!
Why did you choose Amazon as your platform for cross-border sales?
Amazon has the most traffic and through it, I can reach the biggest retail market in the world- USA. I would recommend this to someone with a limited start-up capital that wants to go global.
From the financial side, it is also the best for cash flow as there is no per-item listing fee and no upfront expenses before you make a sale other than a US$39 per month seller fee. You could theoretically store 1 million items for $39 a month! As I am sure many have heard before, in business, “cash flow is king” and not having to spend on warehouse rent, retail space rent, warehouse employees and the like makes a massive difference.
What experience do you need in this line of business?
The best thing about this business model is that you do not need any specific business experience; you do not even need internet marketing experience. It can all be learnt. I built my business while studying in the university. My business partner in Paradise Consultancy built her brand with a newborn while doing a dentistry degree. It can be done around a day job and without experience. You just need a good mentor or good blueprint to work from. I am honored that Payoneer has sponsored us to share our blueprint with my community where I spend most of the year. It is a great opportunity to share blessings.
What is your next step?
As mentioned, I would like to share my learnings from this business to other aspiring entrepreneurs that is why I’m setting up this workshop named “Project Money Machine.” I have workshops in Manila 16th & 30th of September and in Cebu 23rd of September & 7th of October. This is an interactive, step-by-step and hands-on program where you will start to implement on the spot. You will learn how to build from scratch a successful business selling your own brand (private label) with physical products on the biggest online retail platform in the world- Amazon.com.
Jensen Go Chow, MBA
Mr Chow established, managed and sold 12 businesses in Australia, Indonesia, New Zealand, Papua New Guinea, Philippines and Thailand in industries ranging from education to fitness, real estate, security, and retail. Now with a $50,000 a month e-commerce business, Mr Chow wants to share the insider secrets to building a massive online enterprise. A social entrepreneur at heart, he also sits as Executive Director of Permaculture Action Asia, Inc. and as Chairman of the Board of Trustees of Trinity Children’s Home- A Foundation of Faith, Hope and Love, Inc.