POPULARITY
Join us on a journey through the world of e-commerce with the latest release of the revamped Freedom Ticket 4.0 course by Helium 10. This comprehensive training course, tailored for Amazon and Walmart sellers, brings forth the hard-earned wisdom of industry veterans. Listen in as Kevin King reveals the inspiration behind Freedom Ticket, designed to combat the misinformation spread by the infamous 'Lambo gurus' in the space. Our conversation unpacks the wealth of knowledge shared by our esteemed guests on subjects ranging from the nitty-gritty of Amazon patents to the essentials of e-commerce insurance, Amazon compliance, and the art of hiring and managing virtual assistants with Josh Hadley. In this episode, we also underscore the critical importance of intellectual property for entrepreneurs carving their niche in the e-commerce landscape. Our dialogue with guest experts such as Chris McCabe provides actionable insights into maintaining a healthy Amazon account amidst a sea of policy changes. Learn about the intricacies of insurance requirements from Ashlin Hadden, the strategic timing for patent applications from Rich Goldstein, and the importance of understanding the legal frameworks that underpin successful online selling. Our exploration continues with a practical guide to navigating the financial and regulatory aspects of running an Amazon business. Hear firsthand from experts about setting competitive employee salaries, the significance of meeting Amazon's insurance mandates, and the proactive steps for securing trademarks and brand registry. We also tackle the dos and don'ts of insert cards and highlight the valuable resource that is Google Patents for those seeking product inspiration. Every bit of advice is aimed at empowering sellers to maintain profitability while adhering to Amazon's evolving guidelines. So tune in for a masterclass in building and sustaining a thriving e-commerce business. In episode 555 of the Serious Sellers Podcast, Bradley, Kevin, Ashlin, Rich, Chris, and Josh discuss: 00:00 - The New Freedom Ticket 4.0 01:56 - False Promises of Lambo Gurus 12:04 - Amazon's Insurance Requirements for Sellers 16:47 - Importance of Patents for Amazon Sellers 21:12 - Importance of Trademarks for Amazon Sellers 21:31 - Staying Profitable on Amazon FBA 24:30 - Challenges With Abuse Suspensions and Reviews 29:01 - Hiring VAs and Managers for Amazon Businesses 35:18 - Determining VA Salaries Based on Skills 38:25 - Q&A With Our Guests ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On Youtube: youtube.com/@Helium10/videos
The Online Arbitrage Podcast - How To Sell Online Using The Power Of Amazon FBA
If you're an Amazon seller navigating the e-commerce galaxy, this video is your guide to strategic inventory decisions! I'll be giving you tips, and questions to consider that will empower you to make informed choices on product quantities and replenishment strategies. Analyse Your Deals More Efficiently With BBP: https://www.buybotpro.comhttps://www.instagram.com/buybotproReprice With Profit Protector Pro Now: https://www.profitprotectorpro.comhttps://www.instagram.com/profitprotectorproUnique Deal Sourcing Service: https://www.onlinearbitragedeals.comhttps://www.instagram.com/online.arbitrage.dealsFREE OA COURSE:https://www.arbiversity.com
Sophie Howard, Founder of Aspiring Entrepreneurs, has started, scaled, and sold six and seven-figure online businesses. Sophie started online with an Amazon business in 2013, which she sold for over $1 million USD in 2015. As well as launching over 1,000 products, she has built educational programs teaching thousands of students how to sell online. She is now focusing her efforts on buying other online businesses and teaching others how to build a portfolio of income-generating assets. Learn her secrets on buying, growing, and selling e-commerce businesses in this episode. Connect with Sophie Howard Website: https://www.aspiringentrepreneurs.com/ LinkedIn: https://www.linkedin.com/in/sophiehowardnz/ YouTube: https://www.youtube.com/channel/UCV7xz4RSPa8_pxDcXDJ83uQ Connect with Simon Bedard LinkedIn: https://www.linkedin.com/in/business-sales-sydney/ Website: https://buygrowsell.com/ Website: https://exitadvisory.com.au/
Trekim (https://www.trekim.co.uk/) is celebrating the expansion of their business to now, once again, accept new businesses. Looking specifically to work with any online or ecommerce businesses doing well and wanting to take care of one of the many worries that come with running a business. Trekim Quay Road, Blyth, England NE24 3AF, United Kingdom Website https://www.trekim.co.uk/ Email kim@trekim.co.uk
In this Prime Talk Podcast Sponsored by GETIDA – Joie Roberts - Amazon Seller & Coach at AMZ Insiders - talks about the fast pace of success as an Amazon seller, and also more information about her life's journey. About Joie Roberts of AMZ Insiders - https://amzinsiders.com/ We are a community made up of Amazon experts who sell millions of dollars in products every year. We are your one on one mentors, here to answer all your questions about your Amazon Business. We focus on Private Labels to assist Amazon sellers to grow their Brand & get the most value for it when they're ready to sell. We take the hassle out of business so you can focus on what you're good at, being the CEO. These are tools we use to operate our Amazon Businesses. Find out more about GETIDA: https://getida.com/ Please subscribe to our channel and share your thoughts and comments below.
Starting a wholesale sourcing business for Amazon can be a lucrative venture, but like any business, it requires some initial capital investment. Ascend Capventures is a company that builds and runs Amazon businesses for people. They offer services covering market and product choices, logistics, Amazon account management, and various business models such as direct from manufacturers, direct from wholesalers, and developing products. In this article, we will discuss the capital required to start a wholesale sourcing business for Amazon, the minimum working capital, and the factors that affect profit margins. Time Stamps 0:00:00 | "Welcome to the Ten K Collective Podcast: A Conversation with Will Bastard of Ascend Cap Ventures on Building and Running Amazon Businesses" 0:03:12 | "Exploring the Capital Requirements for Starting and Scaling a Custom Product Business" 0:04:03 | Conversation on Estimating Capital Requirements for Wholesale and Direct Manufacturer Business Models 0:05:51 | Heading: Benefits of Investing with Our Company 0:07:27 | Exploring the Benefits of Working with a Wholesale Management Partner 0:11:06 | Exploring Margin Changes in Ecommerce Business Models 0:14:25 | Exploring the Benefits of Private Label and Custom Product Sourcing on Amazon 0:16:10 | Private Label Business: Sourcing Manufacturers and Developing Products 0:16:59 | "Reflecting on the Benefits of Bulk Sourcing with Will Buster of Ascend Cap Ventures" 0:18:53 | Exploring Private Label and Wholesale Sourcing for Amazon Businesses with Will from Ascend Cap Ventures Starting an Amazon Wholesale Sourcing Business: Required Capital Starting a wholesale sourcing business for Amazon can be a lucrative venture, but like any business, it requires some initial capital investment. Ascend Capventures is a company that builds and runs Amazon businesses for people. They offer services covering market and product choices, logistics, Amazon account management, and various business models such as direct from manufacturers, direct from wholesalers, and developing products. In this article, we will discuss the capital required to start a wholesale sourcing business for Amazon, the minimum working capital, and the factors that affect profit margins. Understanding Infrastructure Fees and Working Capital Minimums Ascend Capventures offers infrastructure fees that start at $20,000, which includes access to their warehouse facilities in the USA and their team of hundreds of employees. This is similar to a franchising cost, and they also offer customized plans for aged businesses. However, in addition to the infrastructure fee, they also require a minimum working capital of $15,000. Why is the working capital set at $15,000? According to Ascend Capventures, this amount enables them to get the best initial deal from a good supplier and negotiate the minimum order quantity (MOQ) down as low as possible. This is based on their internal data and experiences, and they guarantee a sell-through in 90 days or refund the client. If the working capital is less than $15,000, building a business from scratch will lead to very low margins. For instance, if you pay $20,000 for infrastructure with a low $15,000 capital, you will only get a 20% margin on $5,000. Therefore, it is crucial to have enough working capital to generate strong profit margins. Product Sourcing: Essential Working Capital Minimums The minimum working capital required for products is also essential. Ascend Capventures recommends a minimum of $10,000 to $15,000, depending on the product and supplier. This will enable you to purchase the products in bulk, negotiate better deals with suppliers, and have enough inventory to meet the demand. Maximizing Profit Margins: Key Factors to Consider The profit margins in a wholesale sourcing business for Amazon depend on several factors, including the supplier,
Mike and Dave discuss the thought processes and nuances of their business goals for 2023 and beyond. Setting a trajectory and an overarching vision for your ecommerce business is not as simple as it sounds. There are myriad factors that can influence how and why you set your goals and, more importantly, whether they are realistic and achievable for your company. In this episode, Dave and I will not only be talking about what our goals are, but we'll be talking in-depth about the thought process behind those goals and the various nuances of effective goal-setting for an ecommerce brand—from the quality of your employees, to your team structure, to which aspects of your finances play key roles in your company's growth prospects. Timestamps: Intro - 0:00 The driving force behind Mike's diligence when it comes to 2023 planning - 1:56 How involved should you be when it comes to setting goals? - 2:56 Goal #1 – Dave's first goal of the year and the dilemma about goal-setting - 4:08 Mike's accomplishments in 2022 - 5:32 Our goal for EcomCrew in 2023 - 6:37 Why goals-setting depends on what type of team you have - 7:35 Dave's big mistake when setting goals - 8:18 How to draw the line between leading and doing - 10:42 Should you have a CEO/COO? - 12:52 Goal #2 - Focusing on defensible products - 17:58 The strategy of launching products monthly - 19:32 Big ecommerce opportunities in 2023 - 23:12 What qualifies as a ‘moat' around your products? - 26:16 How long can that moat around your products last? - 32:12 Goal #3 - Being more hawkish on costs - 38:11 Should you turn off all auto-campaigns on Amazon? - 39:56 Is the Peel, Stick and Block method still as relevant as before? - 42:00 Dave's thinking of a brand sale - 46:11 Are FBA Aggregators looking to go public this year? - 50:00 Is investing in Amazon Businesses better than Treasury Bills? - 51:19 I hope you took away some valuable insights from this episode that you can use to sort out your business goals for this year. Don't forget to leave us a review on iTunes if you enjoy our content. Happy selling and I'll see you on the next one!
With an extensive background in business and technology, Nick Young has co-founded several companies, including MarketplaceOps, one of the top 250 online retail marketplaces. As Amazon's management and strategy company, MarketplaceOps empowers leading consumer goods brands by accelerating their sales growth on Amazon, Walmart and eBay. With proprietary technology, unique, data-driven strategic approaches, and a dream team of over 70 global employees, top brands trust MarketplaceOps to manage everything from advanced sales performance reporting, listing and SEO optimization, sponsored ads and marketing, inventory planning and logistics, merchandising strategy, Amazon brand protection, and much more. Recommendations: 4-Hour Workweek by Tim Ferriss: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357 Traction by Gino Wickman: https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837 The Obstacle is the way by Ryan Holiday: https://www.amazon.com/Obstacle-Way-Timeless-Turning-Triumph/dp/1591846358 Breath by James Nestor: https://www.amazon.com/Breath-New-Science-Lost-Art/dp/0735213615 Connect with Nick: Email: nick@marketplaceops.com LinkedIn: https://www.linkedin.com/in/nickyoungg Website: https://www.marketplaceops.com/ Even though I keep saying I AM NOT A GURU, many of you ask to sit down and pick my brain. I have decided to do a 1h HELP calls. There are 2 purposes: 1st to support you in your journey and second also to be able to break even on the production of this podcast (each episode editing, marketing, guest research etc takes about $60 - $150 to produce). Now you can schedule 1h with me, and we can talk about launching products, hiring, product research, keywords, mindset, how I did an Ironman or anything at all. Link is here - https://calendly.com/anatolyspektor/anatoly-connsulting-1h ANATOLY's TOOLS: Product Development: Helim10 - I use it for Product Research, Keyword tracking and Listing Optimization . SPECIAL DEAL: Get 50% your first month or 10% every month: http://bit.ly/CORNERSIIH10 Pickfu - I use it for split testing all of my products and for validation ideas . SPECIAL DEAL: First split test 50% 0ff https://www.pickfu.com/10mj Trademarking: Trademark Angels - For all my trademarking needs. SPECIAL: Mention Anatoly and 10MJ podcast and get 10% Off your trademark. HR: Fiverr - I hire my 3dMockup person and images label designer here on Fiverr - http://bit.ly/10mjFIVERR Upwork - I hire people long term on Upwork - upwork.com Loom.com - for creating SOP's, I record everything on Loom and give to my VA's Keepa.com - to track historical data such as prices ANATOLY's 3 Favorite Business Books: DotCom Secrets by Russel Brunson - I think this is a must read for every online entrepreneurs - http://bit.ly/10MJDotCom 4 hours work week by Tim Ferriss - This book changed my life and made my become an entrepreneur - http://bit.ly/10MJ4WW The Greatest Salesman In The World by Og Mandino - Old book but it goes to the core of selling - http://bit.ly/10MJGREATSM DISCLAIMER: Some Links are affiliate, it costs you nothing, but helps to keep this podcast on the float Have questions? Go to https://www.10millionjourney.com Follow us on Instagram: @10millionjourney
As we enter a new phase of the show with fewer interviews. Scott shares what he's been doing in the offseason and what's new with SmartScout.For a discount + trial, use SMARTPODCAST15https://www.smartscout.com/
On this video, the boys sit down with Chris Grant as he shares his story on building successful Amazon businesses!
WARNING: Some of the topics on this episode may challenge your mind, heart & position. Please keep listening for hope & encouragement. Mike and I talked for almost 90 minutes. Lots of unfortunate events are happening around the world, such as what just happened in Texas. With Texas being the last stand for gun rights, a bit of the Alamo, there will be more unfortunate events. We are living in a crisis of pharmaceuticals, indoctrination, and a mental health crisis. It's not a gun problem. The gun was the tool to express the mental health problem. If we don't see discussions of putting armed guards in public schools (which can be easily done with Veterans), or the effects of pharmaceutical drugs on children (which a lot of them are on), as the problem, then they are not actually addressing the issue. They are using it as a tool to confiscate more power.Many politicians, with the exception of a couple, do not offer a rational plan to address the problem at its root core rather than the symptom. The population, especially in the United States, falling into trauma and psychosis is going to continue to escalate as these additional things start to happen. As we unpack more on this episode, it's going to seem more gloom and doom, but there is hope. You will be challenged to listen for the entirety of the podcast. I plead with you to listen to this very important message that Mike brought to us today. Ready? LET's GOOOO!Additional sources:If you're a passionate business builder yourself, visit http://voltageb2b.com to get in touch now.
The Sharvette Mitchell Radio Show | Every Tuesday | www.Sharvette.com Topic: Succeed in Amazon without making a huge investment with Laura Meyer of Envision Horizons! Meet our guest: Laura Meyer of Envision Horizons has helped over 150 brands build successful Amazon businesses through her agency and consultancy work. In addition to working with consumer product companies, she has a passion for supporting female-founded and mission-driven companies as an angel investor and advisory board member. Envision Horizons is a leading Amazon Agency named in the top 18 Amazon Advertising Agencies by Business Insider. Learn more at: https://www.envisionhorizons.com/ https://www.facebook.com/EnvisionHorizons/ https://www.instagram.com/envision_horizons/ Meet the host: ✔Sharvette Mitchell helps high achieving service based women entrepreneurs position their expertise with a polished visual brand, increase visibility with speaking opportunities, build authority with a published book and convert more customers with elevated content marketing. She does this with her signature Platform Builder group coaching program. --- ✔Are you a high achieving woman entrepreneur who is ready to ditch being invisible and unpolished but finally ready to shine a spotlight on your expertise and services? Go to www.PlatformBuilder.biz ✔Learn more at her website: www.Mitchell-Productions.com ❤Subscribe to her YouTube channel: https://www.youtube.com/sharvette?sub_confirmation=1
My guest is Bry Shields, a Voltage Business Builder who's joined us recently. While working for an insurance agency, Bry launched a sunglasses brand. This was his first taste of selling physical goods & private labels. After selling the sunglasses business, Bry launched his own insurance agency in 2017. He sold the agency after 3 years but continued to work for it. However, Bry was looking for his next venture. And it came! After listening to the interview with Voltage Business Builder Daniel Espy on the High Voltage Business Builders Podcast, he reached out to Daniel & then connected with yours truly to get started with Voltage Business Builders. The rest is history. Tune in and find out more about Bry's successful journey with the help of Voltage Business Builders!Let's dive in!Additional sources:If you're a passionate business builder yourself, visit http://voltageb2b.com to get in touch now.
Ian King and Russ Mould, Investment Director at AJ Bell discuss BP's quarterly results, which are the best in a decade.Ian King also speaks to Nick Tuzenko, the founder and MD of Accel Club. Accel is part of what's being described as the new tech gold-rush by buying successful Amazon businesses.One business is focusing on boosting funding in the culture sector. Artiq, has grown to one of the biggest art agencies in Europe and Katie Terres, COO, shares why they're focusing on culture in the workplace with Ian King.
Love FBA selling? As a true Amazon Business Builder, Norm Farrar is unique when it comes to his skills in brand building. He got started early with a promo company selling very popular products. His insights changed the way the company was selling its coffee mugs. He got into eCom in the early 90s, which led to Print On Demand corporate identity company, and this led to Contract Manufacturing (family business). Since then, he's opened up two factories in Twain moved into fulfillment and specialty packaging. When a friend asked Norm to go to an Amazon Conference over six years ago, this was the perfect storm that led him into selling full time with his own brands.He says his mission is to help business owners create a strong support network for themselves, enabling them to achieve their highest potential.Tune in for the new episode because you don't want to miss his story!Let's jump in right now!Additional sources:If you're a passionate business builder yourself, visit http://voltageb2b.com to get in touch now.
In this episode, we actually have two guests who are both repeats! A BBB first! We are joined by both Taylor Jones AND Romer the Roamer to discuss how their Miami 2022 event went and the opportunity for growth on Amazon. We also talk some OA and Wholesale game.
As Marshall Goldsmith said, "what got you here won't get you there". This rings true for eCommerce businesses when speaking about their organizational structure and the role that Founders play in the business. On today's episode of Link Up Leaders, Francois and Lisa are speaking with Eli "Lipi" Lipshatz, the Co-Founder and Director of Escala to discuss the differences in organizational structure between beginner Amazon businesses and 8-figure Amazon businesses. We'll discuss what key hires Founders should be making and at what point in time, as well as what Founders' focus should be on a daily basis. --
We have a special guest today on this segment of "Not another Amazon Podcast" brought to you by Elite Seller. Eli "Lipi" Lipshatz of "Escala" brings forth a thoughtful and systematic approach to leveling up your business by using smart systems, Custom SOP's, Business process logic mapping, and dedicated hierarchical structures to transform your business from what it is now to what it will be. Lipi's expertise in systems and processes comes from multiple sources, and we dive deep into how his military and travel experience shaped the way that he manages and runs multiple 7-8 figure Amazon companies.
In this Prime Talk Podcast Sponsored by GETIDA – Sam Haddad - Co-Founder and CEO of Greenhaus - a company that buys made in the USA Amazon brands. He will talk about Focusing on Amazon Businesses that Manufacture in the USA, also more information about his life's journey. #samhaddad #greenhaus About Sam Haddad of Greenhaus - https://www.greenhaus.io Greenhaus is a forward-thinking consumer products company seeking to acquire, fund, and support the long-term growth of Amazon's private label businesses. We look for leading categories and products that are made in the USA, have strong sales history, rankings, reviews, and opportunities for scale. Find out more about GETIDA: https://getida.com/ Please subscribe to our channel and share your thoughts and comments below. Stay safe and healthy in the meantime!
What a fun episode. My buddy Stephen Somers introduced me to Rupert earlier in the year. Rupert was one of their best students who built an amazing business all the way down in South Africa. After chatting with Stephen a bit, he said "you should have him on the show. He is wonderful and you'll love his story." Well, Rupert didn't disappoint. This was a really fun chat and the first with a South African guest :). Enjoy!
Margin Business Digital Entrepreneurs Podcast - Tips and Tricks for Entrepreneurs
Find out more about Claus and Aepic partners: https://aepic-partners.com/Entrepreneurial Process Follow us through the entrepreneurial journey of Claus Rosenberg Gotthard Claus Rosenberg Gotthard is a Danish-born serial entrepreneur. Working in technology - from Enterprise Software and Social Media to Lossless Data Compression. Claus has founded more than ten companies, some failed and some I have been lucky enough to successfully exit. Entrepreneur for over 30 years, build dozen of companies, been Awarded, had to close some, lucky enough to sell some and everything in between. Besides running my latest venture AEPIC Partners where we offer capital to eCommerce businesses & broker services - He is also a Coach to Founders and helps them navigate through extreme sports Entrepreneurship. #entrepreneur #entrepreneurship #entrepreneurlife #entrepreneurs #entrepreneurlifestyle #femaleentrepreneur #entrepreneurmindset #entrepreneurquotes #womenentrepreneurs #youngentrepreneur #creativeentrepreneur #entrepreneurial #process #entrepreneursofinstagram #entrepreneurmotivation #entrepreneurslife #entrepreneurgoals #femaleentrepreneurs #blackentrepreneur #womenentrepreneur #entrepreneurialmindset #entrepreneurspirit #entrepreneurtips #womanentrepreneur #blackentrepreneurs #youngentrepreneurs #entrepreneurmind #entrepreneurship101 #entrepreneurstyle #entrepreneurquote #entrepreneurwoman #socialentrepreneur #spiritualentrepreneur #entrepreneurtip #naijaentrepreneur #socialentrepreneurship #entrepreneurmom #entrepreneure #entrepreneuriat #onlineentrepreneur #entrepreneurcoach
Welcome to the Sprint to Profit Podcast for Amazon Sellers. In this episode, we are going to be speaking with a good friend of ours in the realm of Amazon, TJ Hyland, who has a new role at a company called Elevate Brands. TJ is no stranger to the Amazon world, nor is he a stranger to our podcast. Today he’s talking about what Elevate Brands can do for sellers, what they’re looking for in terms of partnership, and his opinions on the best time to sell. Elevate Brands is a company that specializes in acquiring Amazon brands and running them to elevated heights all while paying the original owner a handsome buyout so that both parties walk away happy in the end, if the company is a good fit for purchase! Today TJ is talking with us about his new role and how Elevate Brands looks at Amazon businesses for acquisition! To get some FREE training on what it takes to have a successful business to fuel your lifestyle, head to www.goteamreal.com to download our FREE training today. Also head to www.goteamreal.com/income to download your free INCOME calculator. Talking Points: 00:23 - Hello and Welcome 01:29 - How TJ got into the Amazon space 04:00 - How Elevate Brands works with sellers 08:00 - The partnership between Elevate Brands and sellers 11:20 - Budgeting and inventory 13:00 - What types of businesses and entrepreneurs Elevate is looking for 22:02 - When is the best time to sell? 28:30 - What you should do during the selling process 34:00 - Most important piece of advice 38:33 - Reaching out to TJ and Elevate Brands 39:30 - Conclusion Resources/Links: Elevate Brands: https://www.elevatebrands.com/ TJ’s email: TJ@elevatebrands.com TJ’s LinkedIn: https://www.linkedin.com/in/tj-hyland-31b69940/ Money/Time Investment Tool: https://www.goteamreal.com/smartgoal Our Website: https://www.goteamreal.com/ Real Amazon Seller Facebook Group: https://www.facebook.com/groups/AmazonSellerRoundTable/ Quotes: “You need to decide what you want to get out of this.” - TJ Hyland “Every situation and every brand is unique.” - TJ Hyland “We’re pretty category agnostic; we’re pretty open.” - TJ Hyland “Having clean books and having books in general. From an evaluation standpoint, that’s incredibly key as well.” - TJ Hyland
Meet Neil Twa. Neil is the founder and CEO of Voltage Digital Marketing. He has been launching, operating, and growing private label e-commerce businesses for the last 9 years. As of today, he and his clients have sold over $100 million+ in physical products primarily through the Amazon FBA sales channel. Neil shares his blueprint for how to build an online business that can generate a passive six-figure income in just 12 months while setting up the business for potentially millions in sales within 18 months. Catch all previous episodes of #ThisWeekWithSabir here: https://growthbysabir.com/liveshow on YouTube. Want to skyrocket growth in your business, contact Sabir at https://growthbysabir.com. #entrepreneurship #amazon #amazonfba Topics covered: amazon fba,amazon help,amazon coach,neil twa,amazon seller,amazon expert,amazon sourcing,amazon business,voltage digital media,amazon fba for beginners,amazon fba tutorial,how to sell on amazon fba,amazon fba step by step,amazon fba 2020,amazon fba product research,amazon fba 2021,how to sell on amazon,amazon fba course,how to sell on amazon fba for beginners,amazon fba retail arbitrage,amazon fba for beginners 2020,selling on amazon,amazon fba tutorial for beginners --- Support this podcast: https://anchor.fm/sabir-semerkant/support
It's always great to talk about what makes us successful and things that helped us make it and we can't exclude the failures and problems that helped us grow. So, in this episode, we are talking about success in regard to failure and setbacks. As they say, you learn more from failure than success. So, let's dive into failures Jamie experienced and learn from them. As every success story includes failure, we'll tackle how to get through it, the challenges of bouncing back and how well you might be able to handle the same challenges not only with Amazon but with any Ecom businesses. In This Episode: [00:30] We welcome Jamie Davidson [02:25] Why do we want to talk about failures and setbacks? [03:30] Jamie being clubhouse ambassador. ;) connecting entrepreneurs [05:20] How far along he was in selling before the failure happened. [11:20] How would you handle the same situation? [18:39] Bouncing back [31:27] Advise surrounding failure Guest Links and References: WEBSITE: https://www.amzinsiders.club/membership INSTAGRAM: https://www.instagram.com/jamiedavidson.official/?hl=en Book References: Profit First by Mike Michalowicz Who by Geoff Smart & Randy Street Links and References: Wizards of Amazon: https://www.wizardsofecom.com/ Wizards of Amazon Courses: https://wizardsofamazon.mykajabi.com/a/27566/x6Kwkz6p Wizards of Amazon Meetup: https://www.meetup.com/South-Florida-FBA/ Wizards of Amazon on Facebook: https://www.facebook.com/groups/WizardsofAmazon/ Wizards of Amazon on Instagram: https://www.instagram.com/wizardsofecom/ Wizards of Amazon on LinkedIn: https://www.linkedin.com/in/wizardsofecom/
This week on Inspired With Bell... Chris Shipferling serves as the Head of Business Development for Global Wired Advisors, leveraging his background as a Consumer Products sales and marketing executive as well as a digital marketing expert. For the past seven years, he has focused exclusively on high-level consulting for multi-million-dollar omni channel, digitally native, and Amazon-based private label and re-seller brands. Chris is especially adept at finding Client Companies that are poised for sale, guiding them through the initial steps, and preparing them to make the best possible first impression. Chris enjoys working closely with owners from a strategic perspective throughout the process of selling their business, getting to know them on a personal level so that we can better assist them in realising their goals.
About Our Guest! Chris Shipferling, the Managing Partner for Global Wired Advisors, offers invaluable insights to help Sellers and buyers reach their full potential before, during, and after the sale of their business. For the past seven years, he has focused exclusively on high-level consulting for multi-million-dollar omnichannel, digitally native, and Amazon-based private label and re-seller brands. Chris is especially adept at finding Client Companies that are poised for sale, guiding them through the initial steps, and preparing them to make the best possible first impression. Chris enjoys working closely with owners throughout the process of selling their business, getting to know them on a personal level so that Global Wired Advisors can better assist them in realizing their goals. Global Wired Advisors is a leading Digital Investment Bank focused on optimizing the business sale process. Their approach combines decades of merger and acquisition experience with online and eCommerce expertise to increase the transactional value of your greatest asset. Maximizing the value of your company in a business sale is achieved through the full expression of its future potential. Choosing the right representation to provide this vision to the right buyer, means putting your future in focus. Learn more about Global Wired Advisors at https://globalwiredadvisors.com/ -- Connect with our hosts Lisa and Francois on LinkedIn Francois Jaffres: https://www.linkedin.com/in/francois-jaffres/ Lisa Kinskey: https://www.linkedin.com/in/lisakinskey/ Follow Link Up Leaders on social media! Find us on Facebook: https://www.facebook.com/linkupleaders Follow us on Instagram: https://www.instagram.com/link_up_leaders/ Like us on LinkedIn: https://www.linkedin.com/company/link-up-leaders-podcast/ -- Don't forget to subscribe and turn on notifications! Should you or someone you know be on the show? Let us know! Send us a DM through Facebook telling us why you would be a great guest for the show! Start your eCommerce business by sourcing through Noviland, Inc. www.noviland.com
#Amazon Businesses AMA With Kristin OstranderConnect with Kristin:http://mommyincome.com/ https://www.theazfiles.com/ https://www.instagram.com/mommyincome/ https://linktr.ee/mommyincome Connect with EMS: Need some help? http://ethicalmarketingservice.com Books: http://ethicalmarketingservice.com/book Want to be a guest? https://ethicalmarketingservice.com/guest/ Twitter: https://twitter.com/EMS_Worthing Facebook: https://www.facebook.com/ethicalmarketingservice Linkedin: https://www.linkedin.com/in/thomas-green-18655b97/ Instagram: https://www.instagram.com/ethicalmarketingservice/ Pinterest: https://www.pinterest.co.uk/emservice/ TikTok: https://www.tiktok.com/@ethicalmarketingservice Pricing: https://ethicalmarketingservice.co.uk Subscribe: http://www.youtube.com/c/EthicalMarketingService Apple Podcasts: https://www.ethicalmarketingservice.co.uk/apple Spotify: https://www.ethicalmarketingservice.co.uk/spotify Stitcher: https://www.ethicalmarketingservice.co.uk/stitcher Kristin Ostrander is an author, serial entrepreneur, speaker, podcaster, and eCommerce expert. She founded MommyIncome.com and hosts a weekly podcast, The Amazon Files, where she helps others start and grow businesses online.Her grit, hard work, and business savvy have changed her life in ways she never thought possible. From the emotional low of foreclosure to scaling a seven-figure business while starting another, she is determined to make an impact in the lives of others by sharing what she learned along the way. With her new book Dream Big, Step Small she desires to inspire women and moms all over the world to find their purpose, follow their dreams, and take small steps to get everything they ever wanted.
In this episode, Adam Epstein, VP Mergers and Acquisitions @ Boosted Commerce talk about building a Top E-Commerce Brand House by Buying Brands Globally, from the US to China. See acast.com/privacy for privacy and opt-out information.
Kirsty Verity is the CEO of Amazon Businesses and Co-Founder of REAL Coaching. After a 20-year corporate career, she now runs her own successful multimillion-dollar Amazon business and co- founded REAL, an Amazon sellers coaching program. Here are the key links from the episode: REAL Coaching For Amazon FBA Sellers Marc's Links 5 Day Podcast Launch Mini Course From $0 To $100K+ With Content Marketing Schedule a free strategy call
***This episode is brought to you by ATTN Agency and Omnisend.*** Tens of thousands of people have supplemented their income by building Amazon FBA business out of their garages and homes. With the acceleration of e-commerce caused by the pandemic, many of these Amazon FBA businesses have seen tremendous growth. However, with tremendous growth comes increased expenditures for inventory, new employees, shipping costs, etc. What once was an easy, fun way to make money now is a headache. Alex Kopco, co-Founder & COO of Forum Brands, might have a solution for you. They look for passionate sellers who have built great brands that consumers love and allow them to cash out years of profits in one day. In part 1 of this Feature, we discuss The hundred-foot overview of Forum Brands; Alex’s experience with Amazon; Being truly customer-centric; The advantages of listening to the cultural differences of your customers; The customer’s first impression of your brand; The boarding process with Forum; and much more. Join Ramon Vela and Alex as they discuss Forum Brands on The Story of a Brand. For more on Forum Brands, visit: https://www.forumbrands.com/ * OUR ENTIRE PODCAST IS BROUGHT TO YOU BY ATTN Agency. ATTN Agency is a full-funnel growth and performance digital marketing agency with proven strategies to scale and optimize direct to consumer brands through tactical media buying, data-driven analysis, and unrivaled creative services. If you are looking back on this year wondering what went wrong or what could have gone better, or if you're starting to put together your game plan for 2021, I have one piece of advice: you need to talk to ATTN Agency. I’ve interviewed several of their clients, and I can say that they are the best in the business. ATTN represents some of the fastest-growing direct to consumer brands, delivering month over month results. Go to https://www.attnagency.com/storyofabrand/ for a comprehensive, no-obligation, 14 point audit of your social, search, shopping, email, and SMS channels. * This episode was brought to you by Omnisend. Omnisend is an e-commerce marketing platform that goes above and beyond regular email campaigns - so you can start increasing your sales, not your workload. With Omnisend, you’ll be launching pre-built e-commerce automation in no time, as well as intuitively segmenting customers and even trying out SMS or push notifications - all from the same platform. The best part? Omnisend provides an immediate boost to your revenue while staying as comfortable as drag & drop email building - with automated emails averaging up to 40% of total email revenue. Join Hallmark, Duke Cannon, and 50,000 other high-growth brands who choose Omnisend to grow their e-commerce businesses on autopilot. Start your 14-day free trial today. No credit card is required. Visit https://www.omnisend.com/sob/
Did you know that Amazon Businesses are selling for insane prices, at insane speeds?In fact, Forbes has called BUYING Amazon Businesses “The Latest E-Commerce Gold Mine”. And if you stay till the end of this letter I’m going to outline how you could hypothetically spend $13k a month FOREVER and never run out of money. So read on.Heyday is one of DOZENS of companies that are approaching Unicorn status ($1 Billion Dollar Valuation or Greater) simply by PURCHASING Amazon FBA companies that already exist. Naturally, this allows for massive opportunities downstream, to the people who actually OWN the Amazon FBA Businesses.Now, I know, as the #1 educator of Amazon FBA business owners in the World, I’m a little biased. I’ve seen with my own eyes the benefits of owning one of these “Gold Mines” when everyone is mining for gold.I’ve seen exits, I’ve seen ridiculous offers get turned down because of bidding wars, I’ve seen it all. So, with this letter, I’d like to share something that I’m not sure many people have access to.This is taken directly from one of those “Gold Mining” companies (I’m not going to name them because I’m not sure if I should be sharing these haha).This is basically what these giant companies, with massive amounts of funding, are LOOKING FOR when they are searching for Amazon Companies to buy. Important things to remember….They have raised BILLIONS of dollars under the premise that they will buy Amazon companies. Thus, they can’t buy other things with it. Thus, that naturally creates more competition for Amazon companies and drives their prices up. All of my edits are in BOLD below (to explain what is happening).—————Amazon Seller CriteriaThe Company expects that the following Criteria shall evolve, expand and change. Consequently, the Company may amend the Criteria applied by Finder by amending in writing the Criteria set forth in this Amazon Seller Criteria. Initially, the Company criteria shall be:· Earnings: Earnings or EBITDA of $0.25MM - $25.0MM on a TTM basisThis means you can sell your business even if you only have profits of $250k per year. That may seem like a lot, but to have a seamless exit like this, that is one of the lowest numbers possible.o Annual revenues of $1.0MM - $100MM if earnings metrics are not available.1M in revenue is not ridiculous, even with less than 10 products on the market. We’ve coached students who are doing nearly 500k/yr on ONE product.· Review Moat: CriticalThis just means that you have the most reviews for your category, something that naturally happens as you scale and dominate your chosen Niche.· Amazon Revenues: 80%+ of the company revenues from Amazon;Isn’t this awesome? Remember when everyone talked about “Diversifying?” in this case, diversifying HURTS you.· Market Place Criteria: Flexible, but primarily US preferred.Well that’s convenient, because it’s the easiest marketplace to sell on. · Product Mix: We will look at companies that sell most products, however, we do not buy companies that sell products with the following criteria:o Fashion risk (including handbags & dresses - but not baby pajamas, which we would buy);o Beauty Product Companies, etc.;o Shoes (too many SKUs);o Food / Grocery; ando Diet Pills.All of our students have been cautioned against selling any of the above since day 1. · Preferences (but not requirements):o US revenues represent 65% + of all revenue – higher the bettero The lower the number of SKUs the betterWOW, less products is BETTER, it’s like they are trying to make this EASY!———Pretty cool huh?Before I let you go, I want to make this a lot cooler for you.I’m not sure all of you understand exactly what an EXIT means….Let’s take a hypothetical LOWEST POSSIBLE example.Your company generates $250k in profit per year.You do this for a couple years.Save half of it, invest 1/4 of it. End up with about 400k in the bank if you do it right.Then, you decide to sell your company. At that point, the competition in this “Gold Mine” space has reached a fever pitch.Today, in 2021, companies like Heyday are paying 3-5x earnings (profit).By 2023, I expect that number to jump to 4-8x earnings.Let’s say you get 6x.250k times 6x = YOU GET A CHECK FOR $1.5 MILLION DOLLARS.You’ve put in 2-3 years of work. You’ve already quit your day job.You have 400k+ in the bank.And now you just added $1.5 Million to that. You decide to retire. You take your $1.9 Million and you transfer it to BlockFi.BlockFi is paying out 8.6% APY on cash right now.Look it up.Pretty insane.So, that $1.9 Million pays you $13,616 PER MONTH.Yes, per month.And the best part?You can spend that $13,616…Every single month..Forever..AND NEVER TOUCH THAT INITIAL $1.9 MILLION.You can give it to your kids. Or donate it to charity.Or buy 1.9 million McDonald’s sweet teas on your death bed if you want. No one can tell you what to do, or how to do it. Now THAT is freedom.Now THAT is worth sacrificing for. Now THAT is worth waking up in the morning and getting to WORK for.I’m done, but if this grabbed you today make sure you share it.If you’re interested in selling on Amazon obviously you can always visit us at nineuniversity.comHope you’re having an amazing day..Unless you aren’t subscribed to this letter! Then I hope it’s crap!Haha, just kidding. But seriously, subscribe. It’s free.Kale Get on the email list at thekaleletter.substack.com
“All of the things rich people own are going up in value at 15-333% per year… poor people are quite literally being left in the dust” - Kale Abrahamson, 2021Let’s talk about getting rich. That’s what we all want, right?Whether we want to get rich because of the freedom it brings…Or simply because Lamborghini’s are cool…It’s a very common desire. Let me show you some VERY interesting stats related to this universal human desire. In the last year….The price of a home in the Hamptons increased 50+%Amazon Businesses are selling for record highs, in record time.Bitcoin is up 333%.The S&P 500 is up 15%.Don’t believe me?Just google any of those topics. The headlines are ridiculous. For instance, here’s a quote from an article about the Amazon buyout spree that is occurring…“It’s a seller’s market. There’s a race to see who can buy up the most Amazon accounts and build a portfolio of Amazon products.” LINKWhat do all 4 of these things have in common?House in the HamptonsAmazon BusinessBitcoinS&P 500If you guessed “they are ASSETS” you would be 100% correct. Here’s the thing that the media won’t tell you, but I’m telling you now.RICH PEOPLE OWN ASSETS.In fact, just looking at a simple graph of the stock market since the 2008 financial crisis, and you will see in very obvious terms where the term “the rich get richer” really comes from…Up and to the right baby!!!!It’s honestly kind of hilarious how easy it is….Even a monkey could have invested in ANY asset over the past 10 years…And looked like a freaking genius.Now, here’s the scary part…What if you don’t own any assets?Unfortunately, the government has been lying to you. This is what the government classifies as INFLATION….HAHAHAHA.The ridiculousness of that chart almost makes me want to cry. According to those imbeciles (I apologize for the strong language but a lie at this level is nothing short of criminal…)THERE IS NO INFLATION!HAHAHA!!!Here’s the problem with that ridiculous statement. ALL OF THE THINGS YOU WANT TO BUY ARE EXPONENTIALLY RUNNING AWAY FROM YOU. No one really cares about the price of eggs. All of the things we actually want to buy…A house at the beach…A stock that performs well…A business that can generate wealth..Are all INCREASING in price by 20-333% PER YEAR, as I outlined above. Imagine you are a wealthy New York Attorney.Making 500k per year…What is your dream at that point?To pay less for your eggs and milk?No, your dream is to buy a house in the Hamptons…Let’s say you’re a very smart attorney. And you save 100k a year…You want to retire in a 20 million dollar Hampton estate…The down payment is 2 million.So, NORMALLY, you’d have that money in 20 years!Not bad…The issue is that the price of that home increased 50%, THIS YEAR!And will likely do the same thing next year..And the year after that….If you do the math, even the best of the best, the richest attorney in NYC, has NO CHANCE of living his dream.It would literally take him hundreds of years to save up enough.That is a sad story to tell, but it’s the truth. Oh, and it’s not stopping anytime soon. As I’ve written about in MANY of my other letters, the REASON this is happening is because we don’t have a “free market” anymore.The government prints money, and that money finds its way into ASSETS because there is literally nowhere else for rich people to put it. I want to stress this, because it’s that important. ALL OF THE THINGS that RICH PEOPLE want to BUY are inflating away at 15-333% PER YEAR. They have only one choice, buy them NOW, before they are out of reach. People that can’t afford them? Too bad.The REASON they are inflating is because the government is printing money. If you don’t understand this relationship please refer to my other letters. It’s very important. Here’s a quote from Janet Yellen, TODAY. “Janet Yellen, President-elect Joe Biden’s nominee for treasury secretary, urged lawmakers Tuesday to “act big" on economic relief for the coronavirus pandemic as she appeared before a Senate committee for her confirmation hearing.”Guess what “Act Big” means?Yep, it means that the money printer is turning back on, and in a BIG way. Why, you may ask?Well, Janet answered that as well…“I think there is a consensus now: Without further action, we risk a longer, more painful recession now — and long-term scarring of the economy later,” Yellen said in written testimony submitted to the Senate Finance Committee ahead of the hearing.Remember when we had free markets?Remember when things actually crashed?Me too. Barely. The government has made it CRYSTAL clear. They WILL NOT let the markets crash.They WILL NOT turn off the money printer.If they do, everything will crash. Now, I don’t know how long they can continue this out of whack game of monopoly.Maybe the rest of our lives! Who knows. Obviously, eventually the bubble will pop, and it will be devastating for the World.But in the meantime, and for the foreseeable future, the rich will just keep getting richer. It’s a straight up guarantee that any asset that has ANY scarcity..Amazon BusinessesBitcoinStocksReal EstateGoldWill keep going UP UP UP UP UP.We can get mad about this, or we can RIDE THE WAVE. If I were you, I’d get my happy butt invested in a few of those things above.Have a great day.I feel like this was one of my best letters. If you feel like it was too, or if you think it could help someone, PLEASE share it.. (you can also FORWARD this email)If you aren’t subscribed, you should be, it’s free for 30 days and I send out this letter 5x a week (PLUS the podcast version).What you are reading now is just a free version that I send out once a week.I’ll see you subscribers tomorrow, everyone else, talk to you next week.Kalep.s. let me know in the comments if you have questions… I know all of this can seem like a lot and I’ve been studying it for a long time so if I was confusing in any way let me know… Get on the email list at thekaleletter.substack.com
Advertising Strategies for 6, 7 and 8 Figure Amazon Businesses - with Featured Guest Ritu Java of PPC Ninja
The addition of Facebook marketing to an Amazon business could be the rocket fuel you're looking for, but only if you have the right strategies. In this podcast video, we're talking with Curtis Johnson the president of ManageByStats, one of the best software platforms in the world for streamlining your Amazon business. This is from his show AMZ Seller Real Talk and we cover several important items that every Amazon seller needs to consider, whether they're brand new or an old pro. You'll hear us talk about: Should you start on Amazon or Shopify or somewhere else? How COVID accelerated years of eCommerce growth in just a few months. How to get the most from your Amazon business using Facebook marketing. Why Facebook marketing is more than just Facebook itself. Why so many people fail at Facebook marketing. What needs to happen before you build your eCommerce business outside of Amazon. Why learning new things just isn't enough. This 35-minute interview is a no-brainer for any Amazon seller or someone considering selling on Amazon. Thanks for listening! I hope you enjoy the podcast! Do the FREE Facebook Ads mini-courses here: agmninjalab.com/free-mini-course If you're ready to take your social media marketing game to the next level, then check out the AGM Ninja Lab by visiting agmninjalab.com. And don't forget to follow me on social media for even more marketing tips and strategies. I post content every day, so be sure to follow me on your favorite platforms! YouTube: http://bit.ly/2Mqxfij Facebook: www.facebook.com/theninjamarketer/ Messenger Channel: www.m.me/theninjamarketer/ Instagram: https://www.instagram.com/mrmanuelsuarez/ LinkedIn: https://www.linkedin.com/in/mrmanuelsuarez/ Ps: Don't forget to subscribe to the Facebook Marketing Ninja Podcast and if you found value in today's episode please leave a review. For more information about my advertising agency (AGM MARKETING) or if you would like to hire AGM for your marketing needs, please contact us at contact@agmagency.com/ or 1.888.280.3339
This week, we talk about what’s going on in European tech, including some of the biggest funding rounds of the week, M&A deals, and much more. We've also spoken to Jānis Bošs of Fast Brands to learn more about Fulfilled by Amazon (FBA) businesses and how companies like SellerX and Heroes work.
Is there a graceful exit in business? Are you in a situation where you just want to leave your business to experts or simply want to sell your business because you feel like you don’t want anything to do with it anymore? Or you just simply want to start another business? Whatever your reason, apparently, there are business buyers like Thrasio that guarantee to resurrect your dying business or give you a graceful exit. Dive into the discussion on how business acquisition is like with Thrasio and Kevin will also give you an idea on how much Thrasio can help your business double the profit in and out Amazon. Brand optimization, growth marketing, project management, product development, financing, supply chain, are some of the service expertise of Thrasio. In This Episode: [00:37] Introducing Kevin Flaherty of Thras.io which I have connected with through LinkedIn [01:40] Thrasio started in 2018 when 2 of the CEOs came across Amazon. [02:55] After 2 years in operation, Thrasio has grown to 200 full time employees across the country and world wide. [03:20] Thrasio raised $500 million of growth capital and invested to build different teams. [05:15] Kevin started at PE working for advantage capital & public equity now doing acquisition schemes at Thrasio, negotiating with sellers. [08:09] Seeing platforms outside of Amazon as potential. [08:54] Buying Amazon businesses to optimize. [12:30] Walking you through The 4 components of payment in the Thrasio scheme. [16:50] Thrasio’s focus is on PL businesses. [18:56] Thrasio’s take on social media. [20:40] Is email list marketing a help? [21:30] Social media, shopify are not really great multipliers for Thrasio [27:30] Thrasio has 507 points checklists. [29:20] 3 important things to look at when evaluating a business. Book References: The Catcher in the Rye By: JD Salinger You Don’t Own Me By: Orly Lobel Links and Resources: wizardsofamazon.com Wizards of Amazon Courses Wizards of Amazon Meetup Text “Amazon” to 69922 Wizards of Amazon on Facebook Wizards of Amazon on Instagram Wizards of Amazon on LinkedIn Wizards of Amazon on Twitter WEBSITE AND CONTACT FORM: thras.io LINKEDIN: thrasio YOUTUBE CHANNEL: https://www.youtube.com/channel/UCHl91EJSdUB-iqkKqA2s_wQ SPEAKER'S EMAIL: kevin.flaherty@thras.io
Im heutigen Podcast plaudere ich mit Christoph Stark von merx-brands.com zum Thema: Amazon FBA Businesses für den Verkauf vorbereiten. Christoph hat einen langjährigen E-Comm Background und erzählt uns, wie er Amazon Businesses kauft und Skaliert. Inhalt vom Podcast Wer ist Christoph Stark Wer ist Merx / Was macht Merx? Warum kauft ihr bestehende Marken anstatt neue Produkte (from scratch) zu etablieren? Wer sind typische Verkäufer? Und warum wollen sie überhaupt ein erfolgreiches Amazon Geschäft verkaufen? Worauf achtet ihr besonders, wenn ihr ein Geschäft kauft? Was sind typische Optimierungshebel - wo und wie stiftet ihr Mehrwert, wenn ihr eine bestehende Marke kauft? Was ist ein realistischer Verkaufspreis für ein erfolgreiches Amazon FBA Geschäft? Was kann ich als Verkäufer tun, um einen möglichst hohen Verkaufspreis zu erzielen? Wie läuft so ein Verkauf ab? Wie lange dauert es, was sind die wesentlichen Schritte? Sponsor der heutigen Folge SellerLogic Smarte Tools für Amazon Verkäufer. Hier gehts zu Sellerlogic*. https://privatelabeljourney.de/seller-logic
Another freebie here guys! Trying to get to a certain level of subscribers and then I’m just going to send 5x a week to subscribers and 1x a week to non subscribers! If you’re enjoying this go ahead and subscribe, appreciate you!Everyone always says “Time is Money”I guess that makes sense if you are thinking like the 99%. If you are thinking like the 1%, that sentence typically get’s FLIPPED to..“Money is Time”That is a huge distinction right there. Our entire lives we’ve been trained to trade some measure of our time for money. Doctors and brain surgeons can get away with charging $500-$1,000 an hour for that time. Basically everyone else?$10, $50, $100, those are the hourly wages that are more common.If you are reading “The Kale Letter” though, you need to start to have a different perspective. Time doesn’t buy you money, money buys you the TIME to do the things you actually love. Don’t want to waste your time, so here’s a real-world “back of the napkin” example. I’d encourage you to do this calculation when you’re done reading. I’ll use an Amazon Business as the calculation, because that’s what I know best. Key Points:Amazon Businesses are great at generating FREE CASH FLOW (after you’ve scaled to a certain point). That means that money is coming into your bank account, profitably, every single month. Amazon Businesses are notoriously PASSIVE, which makes them great businesses to one day SELL.When selling an Amazon Business, it is common to get a 2x-5x MULTIPLIER on EBITA (earnings). That means that if you made 100k profit in a year, you could expect to sell the business for 200k-500k.How to do the calculation that will change your life.1) How much money do you spend per month?Let’s say you’re spending 3k right now, living fairly modestly. 2) How much do you WANT to spend per month (having the things that TRULY make you happy and not stupid stuff like lamborghinis)I’d say 7k-10k will allow you to do pretty much whatever you want, travel wherever you want, if you are smart about it. Let’s go with 10k to be conservative. 3) Starting the business. Must assume that it will take 1-2 years to achieve the level of scale that you want. This is important, this will require sacrifice and WORK on your part. Are you ready to put that in? Okay great. 4) Necessary scale to achieve time freedom. Good Amazon businesses net anywhere from 20-30% profit after all expenses. You need to make 10k/month in order to be entirely free.Therefore, your business needs to generate about 50k/mth in REVENUE to meet that needThis is not impossible at all, many of our students do it with ONE product. Here’s a couple examples5) Great, so your current business is generating enough for you to have insane time freedom, HOWEVER, you still have a BUSINESS to run.The good news is thisAmazon businesses are crazy passive. Once at scale, you can spend 1-10 hours a week managing it, seriously. You can then start to think about SELLING it and living off that income forever.6) The SELLING calculation Let’s say you want to keep spending 10k/month forever. But you don’t want to have to run the business anymore…This can be kind of a complicated calculation based on your goals and needs. But for ME…It’s pretty simple. I just need enough to spend 10k a month every month until I die.“But what about the kids!!!???” I can hear you now. Here’s the thing, spending DECREASES in life once you’re old. You run out of energy. I’m betting on the fact that I’ll have great health insurance and that I’ll spend less and less as I age, still leaving plenty for the kids. SOOOOOO…. Here goes.I’m 27. I did a life expectancy calculator on google (haha)It literally says I’m going to live to 100! Wow.(you should do yours it’s helpful).So I’ve got 73 years left. If I were to spend 10k/month for 73 years that’s 12x10x73 = $8,760,000 not too shabby!Here’s the good news though. It’s not like I’m going to just have that money sitting there collecting dust. If you know ANYTHING about investing you can expect to get at least 4% back on your money month over month. Which changes the game when compounded over time. For instance, if I actually had $8,760,000 in the bank. That would throw off $29,200 PER MONTH in INCOME WITHOUT EVEN TOUCHING THE INITIAL NUMBER. I hope you’re reading that right now. Because that’s insane. That means you could spend almost 30k EVERY MONTH FOREVER. AND STILL GIVE YOUR KIDS ALMOST 9 MILLION DOLLARS.Ridiculous. So if you only need 10k per month, how much do you actually need?Well… ($3,000,000 X .04)/12 = $10,000.SO YOU ONLY NEED $3,000,000 IN THE BANK TO PAY YOURSELF 10K A MONTH FOREVER AND NEVER TOUCH THE $3,000,000….All you would have to do is grow your Amazon business to 83k/month in profit and sell it. Not impossible, at all. BUT, it gets even better.Like I said, you won’t actually spend 10k a month forever, when you get old, you really won’t. So, you can cut into that $3,000,000. That $3,000,000/10,000 = 25 YEARSand yes yes I know there is some overlap with the interest and drawing on the principle. But basically what I’m saying is that you DON’T NEED as much money as you think. Getting 1M-1.5M should set your time free, FOREVER, if you do it right. I’m not a mathematician, so don’t comment all my math mistakes. But what I do know, from experience, is that starting your own business and knowing your numbers is the ONLY way to set yourself FREE, time wise. You can quite literally get out your cell phone calculator, take 10 minutes, and calculate, with about 95% accuracy, what you need to do to never work another day in your life again. I’ll let that just sink in for a second. Go ahead and try it out, let me know what you come up with. If you have questions throw them in the comments! Share this with someone who needs to hear it!Kalep.s. SUBSCRIBE ALREADY! ARE YOU NOT ENTERTAINED??? :) Get on the email list at thekaleletter.substack.com
Questions? Comments? We love feedback! Email us at info@baishavaad.org
Hi Guys, This episode was originally recorded & uploaded in the summer time 2018 so some of the info might be slightly outdated. The show is in a transitional period right now and we may be uploading new content very soon. I wanted to get any content that we hadn't put up yet first. Russ has started a new Youtube Channel Peace Train Farm and he'll be uploading there soon... https://www.youtube.com/channel/UCa466K9eBRXyF9XUNVaUPDg Thanks for listening and see you soon... Today we discuss INAD (Item not as described) FINAD (FAKE Item not as described), Free Returns, Comcast, ebay & amazon customer service reps and all that little stuff that can turn into big stuff on the backend of your ebay, amazon business. Check out the video footage of this show: https://youtu.be/vkDwZhNWbL0 Please leave us a message if you have a question or comments or a review, this really helps!!! Click Here: https://anchor.fm/reseller-niche/message We may play it on air in an upcoming episode We would love to hear from you!!! --- Send in a voice message: https://anchor.fm/reseller-niche/message Support this podcast: https://anchor.fm/reseller-niche/support
Yael Cabilly is the co-founder of Fortunet.net, an investment banking firm that handles the sale of 7-8 figure Amazon businesses. In this episode she discusses current valuations and what has changed as a result of the COVID-19 pandemic as it relates to activity in buying and selling business as well as how to prepare your business for exit. This episode is brought to you by my Amazon ads agency IncrementumDigital.com Email Liran@Incrementumdigital.com to find out how we can grow your brand's sales using the power of Amazon Advertising! Join the E-commerce Mindset Group https://www.facebook.com/groups/ecommercemindsetgroup/ on facebook to continue the conversation and follow Liran on social media: https://www.facebook.com/lhirschkorn https://www.instagram.com/liranhirschkorn/ https://www.linkedin.com/in/liranhirschkorn/ --- Send in a voice message: https://anchor.fm/liran-hirschkorn0/message
What is a flow state? And how does that impact your business goals and aspirations?In this week's podcast, we talk to Danny Carlson. Danny has helped 634 Amazon Listings make Multi-Millions in Annual Sales How does he do this? Where does he get the discipline to orchestrate so many moving pieces? He attributes his success to maintaining a Flow State.Listen to the podcast to learn more about this, and how you can implement the Flow state to enhance your productivity in not just your business, but in your life as well!
Kirsty Verity is the CEO of Amazon Businesses and Co-Founder of REAL Coaching, Kirsty radically changed her life from corporate marketing director to entrepreneur. After a 20-year corporate career, she now runs her own successful multimillion-dollar Amazon business and co-founded REAL with Isaac Kuhlman. REAL is dedicated to coaching Amazon sellers to develop their businesses with the right strategies to achieve their freedom goals. They specialize in taking sellers who are stuck or plateaued in their business and break through to reach the real success they desire. Kirsty is a serial traveller and adventurer and loves to fuel her life with her business. During this show we discuss: • How to determine which products to sell on Amazon • Using Junglescout to find the right products to sell on Amazon • How to use Alibaba to find the products you want to sell • How much you may need to invest in products to know if you have a hit • Why private label will give you better margins • Why selling on Amazon is better than selling from your own site • How to get a high ranking on Amazon • Using Amazon Brand Analytics to rank higher • Why you shouldn't advertise your Amazon products on other platforms • The best way to track your numbers to have better success • How to get reviews for your Amazon products • The best time is to use sponsored ads
On this episode, Franz Jordan interviews Chris Mole from Molzi, on the Impact that the COVID-19 Crisis is having on Amazon Businesses both on the Demand and Supply side. Franz and Chris go into depth about what Amazon Categories are thriving at the moment and share tips that Sellers and Brands can use to maximize their success during this time of uncertainty. To learn more about Sellics visit: http://sellics.com
Life Success Engineer Podcast - Taking Massive Action Everyday
Selling eCommerce and Amazon Businesses with Chris Shipferling Chris Shipferling's Bio: ⦁ Managing Partner at Global Wired Advisors ⦁ advises and supports organizations of all sizes in selling their digitally native or Amazon-based businesses ⦁ also serves as the Head of Business Development, leveraging his background in sales and digital marketing to grow the Global Wired brand ⦁ Chris and his partners recognized a need that was clearly not being met by existing solutions on the market; specifically, sellers were not satisfied with the level of service provided by traditional business brokers Questions for Chris Shipferling ⦁ What do I need to do to prepare my business to sell? ⦁ Common myths about selling your company ⦁ Wall Street’s view on selling your digital business ⦁ Who are the buyers of Amazon and digitally native brands? ⦁ How do macroeconomic conditions affect M&A for eCommerce brands? About GLOBAL WIRED ADVISORS ⦁ unique Digital Investment Bank/Intermediary ⦁ Supporting digital and e-commerce business owners through the process of selling their companies ⦁ wealth of knowledge and experience in building, growing, buying, and selling digitally native businesses ⦁ closed many business transactions ranging from 1 million to 40 million+ Links: Website - www.globalwiredadvisors.com Facebook: https://www.facebook.com/globalwiredadvisors/
Actualize Freedom | Amazon FBA with Danny Carlson | Private Label Ecommerce Selling on Amazon
0:32 - Why/how did Aron sell his first business on the Empire Flippers marketplace.7:18 - What was Aron’s next business step after selling his Empire Flippers business?15:12 - Why do some people become complacent and even lazy after they’ve reached a certain level of success, and what are the potential consequences?19:32 - What are the most important things for an Amazon seller to be monitoring, and what is the proper procedure on how should they go about monitoring them?30:41 - Aron’s advice for new Amazon sellers.34:59 - Where to find Aron online
Actualize Freedom | Amazon FBA with Danny Carlson | Private Label Ecommerce Selling on Amazon
In this interview we discuss the unique entrepreneurial journey of successful Amazon seller and software developer Aron Raduly. Aron details the story of his multi-faceted business ventures, provides tips to avoid pitfalls and his experience dealing with the problems that invariably arise. Take advantage of the expertise of someone who has been there/done that! 0:32 - Why/how did Aron sell his first business on the Empire Flippers marketplace. 7:18 - What was Aron’s next business step after selling his Empire Flippers business? 15:12 - Why do some people become complacent and even lazy after they’ve reached a certain level of success, and what are the potential consequences? 19:32 - What are the most important things for an Amazon seller to be monitoring, and what is the proper procedure on how should they go about monitoring them? 30:41 - Aron’s advice for new Amazon sellors. 34:59 - Where to find Aron online
Life Success Engineer Podcast - Taking Massive Action Everyday
Growing your Amazon business is based a lot on your marketing strategy. We’ve reached out to former Googler, Andrew Swearengen, with Merkato to discuss what’s changed in the Amazon marketing world and what sellers need to be focused on to improve marketing. You can find Andrew at www.gomerkato.com/keyword/
You’ve been building your business and now you’re ready to sell, but who are the potential buyers? Managing partners Jason Somerville and Chris Shipferling with Global Wired Advisors join us to discuss who is buying businesses and what kind of buyers might be interested in buying your business, plus, red flags to watch out for.
Welcome to Part 2 of "Lessons Learned Selling Two Amazon Businesses!"Imagine selling your Amazon business for $7.5 million less than one year after starting it.Then, imagine selling another Amazon business with only one product for $500k cash, again in under one year! This is what our very own Traian Turcu has pulled off TWICE now!On […]
Imagine selling your Amazon business for $7.5 million less than one year after starting it...Then, imagine selling another Amazon business with only one product for $500k cash, again in under one year! This is what our very own Traian Turcu has pulled off TWICE now!On this podcast, which is Part 1 of 2, I'm going […]
Living in Sweden Dan has been running Amazon Businesses for 4 yrs with 4 brands over that period, one of which he sold. He continues with the 3 brands, ten products and many variations and sizes. So he knows a little about how to take advantage of Hijackers on your Amazon products. The Traditional Response to a Hijacker on your listing Dan deals with the leaching Hijackers on your listing. Traditionally you send them a cease and desist letter and hope they jump off The other way is to buy their products, wait 30 days and then send Amazon a complaint of counterfit goods Dan’s method is Immediately send them a cease and desist letter At the same time Dan buys all of their stock and does it through ‘search and buy’ So you’ll search for particular keywords that you want to rank for Then buy a chunk of 10 or 15 units – buying more than one unit in a single order gives a higher conversion rate for that Listing (your listing in this hijacking case) If you can buy 10 or 15 and buy them as a normal customer would, then it’s going to do nothing but benefit your search rank for that keyword You’ll get a little bit of a bump from that No risk to losing money on this order because you KNOW this person is selling counterfeit goods Once you do report them to Amazon you will get your money back (30-40 days), you get the benefit of the ranking in that time and the hijacker has no stock left, so they can’t sell to your customers and you..... Go here for extended show notes
Ranking Amazon products is something Dan knows a lot about. Living in Sweden Dan has been running Amazon Businesses for 4 yrs with 4 brands over that period, one of which he sold. He continues with the 3 brands, ten products and many variations and sizes. So he knows a little about ranking Amazon products. Product Selection strategy Uses Jungle Scout Sells in sports and outdoors Goes for £20-50 sell price Looks for a BSR between 100 and 2,000 Currently looking at oversize No limit on number of reviews Identifying main Keywords Use google keyword planner Dump competitor listings in there and pull out a big list of keywords Use common sense and think up what I would call it Uses (Amazon Marketing Service) AMS predicted High/Med/Low search volume – you need vendor express to get onto AMS Create a dummy headline search ad, put in 10-15 best selling products you want to promote (i.e. Skipping rope) on your page and When you put in the keywords it will show you the search volume (Lo/Med/Hi) based on Amazon’s data Build a list of all the Med and High keywords for the next stage..... Go here for extended show notes
Over the last few years, Stephen has developed multiple businesses in many different industries. From eCommerce to Online Membership programmes, he has ammased a significant amount of experience in How to QUICKLY validate and launch a profitable enterprise” and while everyone is playing small and launching in their respective country, Stephen is doing this worldwide. Co-Founder at Marketplace SuperHeroes and his company SJS Trading trades in 6 continents and have distribution capabilities in over 7 countries worldwide. Today, Stephen Somers will share his insights and valuable experience in Amazon Businesses and the things he learned through reading books which him develop himself.
Gast: Aaron Aaron ist mein Mentor und Coach beim Systematiseren meines Amazon Businesses. Im Live-Interview erklärt er weshalb viele Seller nicht mehr weiter wachsen und wie man vom Seller zum Unternehmer wird. Zum Live-Webinar kannst du dich hier anmelden: https://systemscultureimpact.com/milliondollarplan
Todays Amazon Insights What is Upfund? What is the interest rates with Upfund? How eager are investors to invest into Amazon Businesses? What is the Privacy on Upfund? How much has been raised so far in the first year? How ineffective is a bank loan for an Amazon Business? How many investors are on the site? How many customers are on the platform? Who are the investors? How much money is going to Upfund? What is the highest loan Upfund has given? What does Upfund do when the money is not being made back? What are the benefits to using Upfund compared to another loan? What is Up fund's goal of lending? Useful Links Need funding for new Inventory for your business? Click the link to check out UpFund and start crowd funding today for your Amazon Inventory! Having Cashflow issues? Sign up for Payability today and start getting paid daily instead of fortnightly! Contact Brent - brentc@payability.com Email Sales Team - sales@payability.com Sales Team Number - (646) 494 8675 Keep track of all your US taxes with taxjar, spend a few minutes a month instead of a few hours, Save Time Today! Normally $997 - FREE For FBA ALLSTARS Group Modules for every aspect of PPC setup, optimization, and scaling.... Grab it today! Need Help Growing Your Brand? Today's Sponsor GlobalAMZ helps consumer brands scale and expand on Amazon, at home and internationally to build your brand big time without the work. The post The Benefits of Using Upfund as Opposed to another Lender to Grow and Scale your Amazon Brand! ALL-159 appeared first on FBA Allstars.
In dieser Folge geht Lukas auf seine größten Learnings aus den letzten Monaten ein und gibt viele Insides in unterschiedlichste Prozesse. Unteranderem geht es um den Aufbaue eines starken Teams, wie wichtig ein starker Fokus ist und viele weitere spannende Dinge. Zudem erzählt Lukas über neue Strategien beim Aufbau eines Amazon Businesses, die Power von Mikrobrands und wie du einiges an Geld monatlich sparen kannst. Instagram: https://www.instagram.com/lukasmankow/ Möchtest du persönlich und Schritt für Schritt zu einem erfolgreichen Amazon-Business begleitet werden? https://www.amzventures.de/ Facebook-Community: http://bit.ly/2aShawr Hannes' Blog: http://privatelabeltagebuch.de/ Lukas' Youtubekanal: http://bit.ly/1QPwEQk
#1 Reason Amazon Businesses Fail - Go to AMZPL.COM
Ecommerce and Amazon strategies for earning an excellent living and dominating markets with YOUR physical products brand with Ben Cummings.
So many people are having such great success selling private label products on the Amazon platform through FBA that it’s not too far of a stretch to think that some of them may be interested in selling their business. You may not be thinking about that possibility now but the opportunity may come your way someday. That’s why Scott wanted to have someone on the show who is experienced at buying and selling online businesses who could shed some light on what can be done ahead of time to ensure that should the time come that you want to sell your business, you’ll be able to do it with the least amount of trouble and the greatest amount of profit. You can hear more about this exciting possibility on this episode of The Amazing Seller. If you do the right thing by your customer, you won’t have any problems. Too often businesses are built on the strategy of doing everything possible to take advantage of the loopholes in a sales platform’s terms of service. The practice may result in huge profits in a short amount of time but as soon as the platform learns that sellers are abusing the system you can be sure that changes will be made and those businesses will be dramatically hurt, and possibly kicked off of the platform. Today’s guest has tons of experience buying and selling e-commerce businesses and his advice is simple: Do the right thing by your customers and you’ll be OK when it comes to surviving whatever changes do come. You can hear more sage advice like this on this episode. Set up good clean financials to sell your business more easily and get more offers. Many entrepreneurs start out doing whatever it takes to make a buck. They may set up one umbrella LLC or Corporation and run all the finances for many smaller business ventures through that one entity. That’s OK at first. It’s entirely legal and most people have to do that to get started. But if you ever want to sell one of those businesses you’re going to discover that there will be fewer buyers interested because you won’t be able to clearly demonstrate the profits of that business on its own. So today’s guest has some tips on how to set up good clean financials for your business so that you can be ready to sell it easily and for more when the time comes. A business that is successful both on and off of Amazon sells faster and for more. If you’re considering the sale of your Amazon private label business it’s entirely possible. But will you get top dollar? You won’t if your business is only selling on Amazon. A potential buyer will be more averse to buying your business if you are selling your products on only one platform because if something on that platform changes in a way that adversely impacts your business, their revenue stream could dry up if they were to buy your business. But if the risk is spread out over many sales channels, they’ll be more open to considering your business. On this episode of the podcast, you’re going to learn how important it is to start building those sales funnels and establishing an off-Amazon presence for the sake of selling your business in the future, on this episode. Buying an existing business can be a very good investment. There’s so much emphasis these days on building a great online business, and it’s a great strategy for many people. But what if you’re a person who doesn’t really want to go through the hassle and hard work of building a business from the ground up but would be open to buying an existing business and growing it? That’s a great strategy, one that today’s guest sees implemented all the time. If you’ve got money to invest in a business and are curious how it works you can learn a lot from Scott’s guest today, so be sure you listen. OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Scott’s introduction to the podcast! [4:23] How Joe developed his expertise selling online businesses. [5:36] How updates on web platforms can impact ecommerce businesses. [10:22] How often do people sell FBA businesses? Is it possible? [12:50] How to set up a business so it’s easier to sell in the future. [17:00] Why a business that is both on and off of Amazon sells faster and for more. [21:48] How do sales funnels and traffic generation figure into the sale of a business. [26:43] How Joe’s company specializes in buying and selling businesses. [29:40] The price ranges of investors Joe’s company deals with. [32:35] What is the #1 thing people starting a business do wrong when selling. [36:40] Why it’s vital to keep track of inventory to get the best value from your business. RESOURCES MENTIONED IN THIS EPISODE Joe’s business: www.QuietLightBrokerage.com - Get Joe’s free ebook. Centurica www.TaxJar.com
Today’s guest is a bestselling fitness author and creator of MuscleForLife.com and Legion Athletics.His scientific approach to building muscle and losing fat has helped thousands of people build strong, lean, muscular, and healthy bodies.His ‘Muscle for Life’ books in healthy and fitness niche sell to the tune of over $1M each year on Amazon and His supplement business Legion Athletics does about $80K per week. Prior to coming on the show, he specifically said he is NOT here to talk about “secrets” or “tricks.” of selling on AmazonBUT how to properly and effectively run an ecommerce business that uses Amazon as a channel - i.e.good products,good branding,great copy,great customer service,good advertising, etc. Without further ado…I’d like to welcome Mike Matthews to showwho is joined by Jeremy Blumberg, co-founder and head of marketing. Read the show notes for this episode on http://2xecommerce.com/podcast/ep68/ Message from Our Sponsors: This episode is brought to you by Salsify. As an online retailer or supplier, you are well aware that ACCURATE PRODUCT CONTENT drives more sales...However, as your store starts to scale the harsh reality is that maintaining product description content becomes more and more of a challenge to ecommerce teams.Enter Salsify...Salsify is a SaaS based product content management platform built specifically for online retailers and brand owners.I recently took Salsify on a test drive and here are the glaring advantages etailers stand to gain:- Your entire product catalog can be accessed by any department in a centralised hub,- There’s a workflow setup that ensures no fields go amiss when product data is published to multiple channels such as Amazon, your Google Merchant account or just directly to your ecommerce store- Salsify tells you when it spots missing critical fields across your product catalogIt is really a modern, flexible and robust product management platform I recommend if your store and brand's product catalog changes often and if you publish to numerous channels often.As a 2X eCommerce listener, you can get to trial Salsify for free at Salsify.com/2x
There are very big companies that have made private labeling on Amazon their sole source of income and revenue. Wouldn’t it be great to get a behind-the-scenes look at how these big companies that create multiple brands go about doing business on Amazon? Well in today’s episode of The Amazing Seller that’s exactly what we have. Scott’s guest is Jason Brunson. Jason is not only an Amazon Private Label seller himself, he’s also worked for one of those large companies for a number of years and walks us through the step by step process of how these companies go about doing everything, from product research, to optimization of their listings and product fulfillment. It’s a great episode with lots of tips and encouragement. Be sure you give it a listen! Getting started on Amazon with Arbitrage through used book sales. Jason and his wife heard about the possibility of selling products on Amazon and decided to give it a try. Their first venture was using the arbitrage model. They chose to find good used books to sell on Amazon and actually made a decent amount of income each month. That’s when Jason saw an advertisement on Craigslist that was offering positions to people to work for a company that sold a variety of products on Amazon. He applied and was hired. At first he worked in the customer service area but very quickly was moved to marketing, where he worked on Amazon listing and product sales. He eventually took what he learned at his place of employment and started applying it to his own Amazon business and now is doing his own private label sales. As usual, Scott’s got lots of questions so be sure you listen so you can glean from Jason’s experience. How does a company with 8 brands and 1500 SKUs operate on Amazon? Believe it or not, the larger companies appear to do their product selection and research as well as their marketing and product sales very similar to what the “little guy” Amazon sellers do. The main variables have to do with the company’s willingness to try products and order larger batches to find those winner products. But in the end, the result is the same. They eventually find products that will sell consistently and use them as a basis to build a new brand. From there, you guessed - they add products to the product line and build out the brand. What do they do with all the products they’ve tried but haven’t turned out to be good sellers? You’ll have to listen to the episode to find out, PLUS hear lots more tips and insights Jason gives us, on this episode of The Amazing Seller. Filling in the income gaps during slow times of the year. One of the things Jason Brunson shares with Scott on this episode of The Amazing Seller is that the larger companies are pretty strategic at making attempts to balance out their product sales throughout the year. That means, for example, that since fall time is a slow part of the sales cycle, they’ll intentionally search for products that sell better in the fall time to add to their product line. This enables them to start generating income during a time when sales are usually down. Naturally, that balances out their income stream. Can you do this in your business? Scott thinks it’s not only possible, but necessary. You can hear his comments and Jason’s insights from what his company does by listening. How can you find gaps in a market that you can fill? Today’s guest, Jason Brunson, has worked for a company that has over 1500 SKUs in their Amazon account. They’ve worked hard to choose products that fill gaps in their existing markets. This enables them to get sales that others are missing by offering something unique but potentially in demand. Jason said that in order to figure out what those products are they look at a number of things going on in a particular product niche. What are those things? Well, they’re too many to list right here so set aside some time to listen tot his episode and you can find out. Grab your pencil and paper, you won’t want to miss any of them! OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Scott’s welcome to this conversation about Big Amazon businesses. [1:48] A quote shared inside the TAS Facebook group. [3:37] Introduction of today’s guest, Jason Brunson. [4:44] Jason’s first moves on the Amazon platform - selling books - how it worked or him and why they chose that path. [7:15] The margins to expect in used book selling on Amazon. [8:14] Jason’s job with a larger company - handling over 1500 SKUs. [11:08] How the company operates - 5 brands - broad niches [11:47] How this big company does product research. [15:09] How does the company determine the number of units it should start with? [16:25] Using seasonal items to fill in sales gaps within the year. [17:47] What does a launch process look like for this company? [19:16] The use of Amazon PPC for this company’s strategy. [20:26] Jason’s move into Amazon Private Label on his own. [21:42] The things Jason has done in his own company that he doesn’t do at the big company. [22:42] Jason’s product launch process. [24:09] How long does it take Jason to see consistent sales? [25:31] Jason’s business currently runs on 8 SKUs. [26:45] Finding gaps in a market. [28:32] The importance of ranking in Jason’s mind. [29:42] Jason’s thoughts about the new Amazon PPC. [30:24] Is bundling a good way to make more sales? [32:01] Is Amazon becoming too saturated? [34:00] Jason’s thoughts toward the future. [36:11] The importance of reinvesting of your business. [36:56] How do you get rid of products you’re not selling? [38:29] What is Amazon Marketing Services - and how does it work? [46:47] The best place to connect with Jason. [47:80] Scott’s summary of the conversation. LINKS MENTIONED IN THIS EPISODE Scott and Chris’ free workshop - http://www.TheAmazingSeller.com/workshop www.TheAmazingSeller.com/FB - the TAS Facebook Community
You’ve heard of house flipping. And possibly you’ve heard of website flipping. Well in this episode we’re talking about at potentially new way to flip Amazon businesses, or just sell one you already own. Today Scott is chatting with a previous guest, Ty Rooney about an idea Ty has come up with to create a website interface to allow buyers and sellers of Amazon businesses to come together, exchange information, and consummate a sale of an already existing, profitable private label business on Amazon. It’s an amazing idea… very appropriately featured on this episode of The Amazing Seller! Ty Rooney’s built his own private label business and is helping others build theirs. Ty was featured back on episode 33 of The Amazing Seller as an up and coming private label business owner and his business has taken off since then, just as he expected. But as he was building out his business he had another idea: help companies with existing products get their products on Amazon. He’s discovered a great niche and his expertise with the Amazon Seller Central interface has enabled him to work up to 20 clients whose accounts he manages. It’s that expertise that’s led him to consider this another new idea: helping Amazon sellers sell their businesses to interested buyers. It’s a great idea… one you’ll hear about in detail on this episode. Why would you want to sell a profitable Amazon business? The steady cash flow of most profitable Amazon businesses makes them a very desirable type of business to have. So why would you want to sell one? There are many reasons. Though you can streamline an Amazon business like no other, there’s still some work involved in reordering products, etc. It may be that an Amazon seller simply gets burned out and wants to try something different. Selling their business could be a great option… and there are plenty of business people out there who are eager to invest in businesses with a proven track record of profits. Ty Rooney and Scott Voelker have assembled a team of people who are working toward an Amazon Business brokerage that would help buyers and sellers make those deals happen. You can hear all the details by listening to this episode. What is my Amazon business worth if I wanted to sell it? Naturally, there are many variables to determining how much any business is worth. And the Amazon model is still new enough that there’s no established track record of business sales to go by. But Ty Rooney has been doing his homework to work toward an Amazon business broker site and believes that the average Amazon business that is profitable could likely sell for at least 20 times its monthly net. So an Amazon private label sales business that is bringing in $2,000 a month could potentially sell for $40,000 or more. Do you see the possibilities? Ty has lots to share on this episode so be sure to listen. Buy an already profitable Amazon business that is fully vetted by experts. That’s one aspect of the idea Ty Rooney has for his Amazon business brokerage. Since he and his team are experts on how the Amazon Seller Central platform works, they would investigate the numbers on every business that is submitted for sale through their site. That way every claim made by a business owner about the profitability and track record of their Amazon business would be verified by an independent 3rd party. Buyers would be assured that the numbers they are hearing about their potential business purchase are accurate. Can you imagine the potential for this idea? Find out more on this episode of The Amazing Seller. OUTLINE OF THIS EPISODE OF THE AMAZING SELLER [0:03] Welcome and introduction to this episode… selling and buying profitable Amazon businesses, with Ty Roney. [1:08] Shout out to the TAS Facebook Community member Christina Koontz Antsworth! [4:28] Welcome to Ty, and Ty’s thanks to Scott for his help. [5:52] An update on Ty’s story as an Amazon seller and running of an agency to help others sell on Amazon. [13:19] Ty’s new idea of selling Amazon businesses to those not wanting to find products and set up the interface. [16:40] Scott’s comparison of house flipping and how it applies to reselling an Amazon business. [17:44] What could you expect a person to pay for an Amazon business? 20X your monthly net. [19:15] How this model might compare to selling other types of businesses. [29:56] The announcement of a new website for the sales of Amazon businesses. [22:55] How people who can build out authority websites to attach to their Amazon business could use the platform. [24:09] Who might want to use this service? [26:45] Why Ty is excited about this type of business and the advantages he sees for those wanting to buy an Amazon business. [29:06] An example of what a business purchase might look like. [32:06] The one big piece the Jungle Flippers site would provide. Vetting the sellers. [34:19] How the site would work for people interested in shopping businesses. [39:00] Scott’s summary of the episode. LINKS MENTIONED IN THIS EPISODE The previous episode Ty Rooney was on www.TheAmazingSeller.com/33 The prototype Amazon business website: www.JungleFlippers.com Get information about this ideas: www.JungleFlippers.com/info Scott’s free workshop - http://www.TheAmazingSeller.com/workshop www.TheAmazingSeller.com/FB - the TAS Facebook Community