Over the least year, I’ve been able to sell over $500k on Amazon 💰
These are the biggest lessons that have allowed me to grow
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These are the biggest lessons that have allowed me to grow
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First off, it’s important to talk about Amazon business models
Of this 500k, about 80% was online arbitrage, around 20% was wholesale, and I also had a sprinkling of used books
Of this 500k, about 80% was online arbitrage, around 20% was wholesale, and I also had a sprinkling of used books
Doesn’t matter which business model you chase, as long as it’s the best use of your Amazon skill set
The absolute most important thing is that you choose a model where you can spend all your inventory dollars every month
The absolute most important thing is that you choose a model where you can spend all your inventory dollars every month
1. Increasing Capital
The most obvious way to increase the money you’re playing with is just to sell more and make more profit
You can also get a bit fancy with it to really scale quickly
The most obvious way to increase the money you’re playing with is just to sell more and make more profit
You can also get a bit fancy with it to really scale quickly
These are some of my favorite ways to raise capital:
-Amex business credit cards
-Amazon loans via seller central
-Loans from friends and family
Since ROI is so high as Amazon sellers, the 30%+ monthly ROI is able to eat the interest on loans
-Amex business credit cards
-Amazon loans via seller central
-Loans from friends and family
Since ROI is so high as Amazon sellers, the 30%+ monthly ROI is able to eat the interest on loans
2. Outsource & Equip Yourself
If you’re looking to really scale quickly and you’re putting off investing in a $50/mo software, it’s time to reevaluate what your goals really are
Buy the tools you need
If you’re looking to really scale quickly and you’re putting off investing in a $50/mo software, it’s time to reevaluate what your goals really are
Buy the tools you need
If you are spending any significant time on things like prep work or product sourcing, outsource at least some of it
Prep centers can turn Amazon into a hustler’s business into a laptop based business, don’t underestimate what that extra time can do for you
Prep centers can turn Amazon into a hustler’s business into a laptop based business, don’t underestimate what that extra time can do for you
Another amazing way to outsource is by hiring VAs
I’ve been able to hire 8 this year for various businesses of mine and they are all a massive time saver
First time is intimidating but then you’ll wish you had 10 more
I’ve been able to hire 8 this year for various businesses of mine and they are all a massive time saver
First time is intimidating but then you’ll wish you had 10 more
3. Network
This is literally the most important thing you can do
Talk to other people, know what they’re buying, tell them what you’re buying
This is literally the most important thing you can do
Talk to other people, know what they’re buying, tell them what you’re buying
Creating inner circles of people who sell on Amazon will make you so much more money than letting them hop on a couple of your listings
The way I did this was by creating content and networking with other creators, but it can be as simple as chatting with people at a networking event or being active with each other on Twitter
Amazon is not easy but if you put in the work and build systems, it will treat you well
Want to learn more? Join over 11,000+ members in our free Amazon Seller Discord 👇
fieldsofprofit.gumroad.com/l/oHdPa
fieldsofprofit.gumroad.com/l/oHdPa
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