Friday, May 27, 2016

[Replay] Start Using #Wholesale to Grow Your Amazon Business

I hope you're having a fantastic day! Here's the REPLAY for the Free Webinar: Start Using Wholesale to Grow Your Amazon Business. We learned a lot! 

Free Wholesale Video Series from Webinar
There was nothing to sell you during this Free Webinar. It was all helpful information for you.

Wholesalers, Dan Meadors & Eric Lambert, provided FREE Video Training for you on Wholesale instead. So, if you're interested in learning more about Wholesale and want to know if it will fit into your current plans for selling on Amazon, take a look at that Free Video Training Series. Click Here

New to Amazon FBA?
I would highly recommend Amazon Bootcamp, mentioned in the free webinar. For more information, get the Three (3) Video Series from the course: How To Build A Successful Amazon FBA Business with Amazon Bootcamp

Monday, May 23, 2016

[#FreeTraining] Start Using #Wholesale to Grow Your Amazon Business

The Free Webinar: Start Using Wholesale to Grow Your Amazon Business hosted by The Selling Family, will be on Tuesday, May 24, 2016, 8:30PM/EST (5:30PM/PST). 

Learn how multi-million dollar Amazon sellers Dan Meadors & Eric Lambert, scaled up their Amazon success by adding wholesale. They will be sharing:

  • What you need to get started purchasing wholesale for your Amazon business.
  • How and where to find wholesale suppliers.
  • How to purchase inventory cheaper than your competition
  • Common pitfalls most wholesale newbies make and how to avoid them

Register For the Free Webinar

Schedule This in Your Calendar

Want to Learn More about Amazon FBA?
Watch This [Free] Three Video Series: How To Build A Successful Amazon FBA Business 

Tuesday, May 10, 2016

[Interview] Success Story of Amazon BootCamp Student with Millions of Dollars in Sales

More and more people are learning how to successfully make a living using Amazon FBA. The good news is that you can learn the skills too just like myself and former Amazon Boot Camp student Dan Meadors.

In the Interview below, read how this Multi-Million Dollar Amazon Seller, went from working a full-time job to committing to selling on Amazon FBA.

Thanks for your time, guys. Could you please tell us a bit about you and how you got started selling on Amazon?
Absolutely! In late 2011 we were both working full-time jobs for an online retail company that specialized in selling collectible card games. One day, the CFO of the company quit. It surprised us because he was making a 6 figure salary at the time, so we asked him why he was leaving. He told us that he was making more money selling stuff on Amazon and he was just going to focus all his time on that.

We were shocked that this was even possible and to be honest, rather skeptical. We probed him about it further and he decided to take us on a trip to a local Wal-Mart to prove it to us. That was the day we learned about Retail Arbitrage and before that day could turn into night, Eric and I had decided to give this a try ourselves. We signed up for a seller account on Amazon and spent our nights and weekends either in stores scanning or at home packing and prepping. If we weren’t doing one of those things we were scouring the web to learn as much about arbitrage and FBA as possible.

So you guys started with Retail Arbitrage. How long were you doing that before you decided to leave your full-time jobs and pursue selling on Amazon full-time?
It was about four months in…and it was a crazy feeling! Up to that point we had reinvested every dollar we made back into the business and that really helped us grow our capital. We didn’t want to stop that growth either, so Eric and I calculated what the absolute minimum amount of money we could both support our families with, and that is how we came up with our initial salaries. Everything else would continue to go back into the business.

I have to say, it wasn’t exactly an easy conversation to tell our families that we’d be leaving our consistent, well-paying jobs to focus on our Amazon business…oh yeah, and taking pay cuts to do it. But they believed in us and we believed in ourselves so we made that leap.

Switching to full-time after only selling part-time for four months is amazing. How much money did you guys have to get started with?
It is a funny story really. I had basically no credit history and Eric had bad credit due to some, shall we say, irresponsible decisions he made while he was in college (he did have the nicest stereo system on campus though). That means we got started with a $600 limit credit card that was in my name and that was it. Our strategy was essentially max out the card, pay it off. Rinse and repeat.

We actually use that same strategy today except our card now has a $100,000 limit. And a cool thing is, even from the very beginning, we have never paid a dime of interest because we have never carried a balance. That is an achievement we are very proud of.

How has your Amazon business grown and changed over the years?
For the first 3 years we were 100% retail arbitrage based. In 2014 we started experimenting with other models to sell on Amazon like Private Label and Wholesale. While Private Label didn’t work out so great for us, wholesale did. It took about 6 months of trial, error and experimenting to get good at it (and putting our own special spin on it), but by the end of 2014 we had finished the year at 1.2 million in sales (our best year yet) and decided to completely transition our business to wholesale.

In 2015 we began hiring employees to help us scale and grow while also moving into the 10,000 sq ft warehouse we currently occupy. We finished 2015 by doing 3.8 million in sales on Amazon.

So far in 2016 (currently April) we are on pace to more than double our 2015 sales as we continue to grow quarter after quarter.

Your Amazon business is now 100% wholesale based. Do you care to explain what that means for those that may not know?
Sure! It just means that we are buying products in large quantities from wholesale companies and manufacturers to sell on Amazon. The products come to you or even better, they will send it to Amazon directly. The best part about wholesale is just how scalable it is and how simple it is to automate.

These days, Eric and I only work about 20 hours a week on our Amazon business and it could be even less if we wanted. This has afforded us the opportunity to work on other projects, such as public speaking, and developing The Wholesale Formula, our in-depth training course that teaches wholesale the way we do it.

You mentioned your course The Wholesale Formula. How do people sign up for it?
Well actually, you can’t sign up for it right now. We do college style enrollment which means we only accept students a couple times a year for a couple weeks at a time. This allows us to really focus on helping those students learn and grow their businesses.

But we actually spend a lot of time helping people for free too! We are part of The Selling Family Facebook group you recently started and it has been a wonderful and engaging group. If anyone has questions about wholesale they can feel free to tag us in there and we will do our best to answer them. It is the least we could do. I don’t know where we would be today without the help and support from many gracious people over the years. You included, Jessica! We were Amazon Boot Camp students once upon a time.

I do appreciate that guys! Ok, one last question from me. What is the single biggest piece of advice you would give to someone aspiring to grow their business like you and Eric have?
I will do you one better. How about I give everyone three pieces of advice instead?

#1 - “Do…or do not. There is no try”
That is not an original piece of advice. That actually comes from Yoda, but it always resonated with me. What I gather from that quote is that you should be someone that takes action, but not just that. If you are going to take action, you want to jump in with both feet. Don’t falter. Don’t try. DO IT.

#2 - Have an insatiable appetite for Learning
I can’t stress this one enough. Every day I am trying to learn something new. From books, to podcasts, to Facebook groups…every day I set aside time to learn because some of my biggest professional breakthroughs have come from the simplest pieces of knowledge or advice I have gleaned.

#3 - If time is the single most important commodity for growing your business then outsourcing should be number two

I have always said, if you value your time at $50 an hour then you better not be spending your time on $10 per hour tasks. A top priority for every entrepreneur should be constantly finding ways to make sure your time is spent on only the highest valued tasks for your business.

Article Source: Interview with a Multi-Million Dollar Amazon Seller 

Thursday, May 5, 2016

[#Webinar Replay] 6 Important Steps to Making Profitable Inventory Decisions on Amazon

The Free Webinar Replay is up for...

6 Important Steps to Making Profitable Inventory Decisions on Amazon

The replay will be up until May 5, at Midnight tonight!

Take $10 off the How To Keepa Camel Course mentioned in the free webinar with Coupon Code: JESSICA10, until May 5, 2016, at Midnight. 

To learn how to start and grow an Amazon FBA business, get three (3) Free Videos in the Amazon Bootcamp Course Here.

Monday, May 2, 2016

#FreeWebinar: 6 Important Steps to Making Profitable Inventory Decisions on Amazon

Here's another Free Webinar for you, to learn 6 Important Steps to Making Profitable Inventory Decisions on Amazon

Stephen Smotherman, author of the brand new course, How To Keepa Camel, will be teaching us all about ways to make profitable product decisions!

He has mastered the art of reading and charts to know exactly what they mean when it comes to buying inventory.

Free Webinar: Sign Up

Image and video hosting by TinyPic

You can register right here.

Many Amazon sellers have questions about reading the Keepa and Camel graphs and he is ready to get us all straightened out on what the information means!

Join us live, on Tuesday, May 3rd @ 5:30 PM PST. 
We plan to go about an hour to an hour and a half. Depending on how many questions you guys have for the Q&A.

A Chance to Win!
There is even a chance to win a copy of Stephen's new course, How To Keepa Camel, just for those of you who attend live!

Free Amazon Training: Get Your First Three (3) Videos 
The training that will help you learn how to sell on Amazon from setting up your Amazon account, to sourcing your items, are in Amazon Boot Camp. Get Your First 3 Videos Now! (Recommended)