This episode features an Amazon seller who scaled from $0 to $110,000 in monthly revenue in just six months, primarily using online arbitrage. He shares his strategy for sourcing profitable inventory, managing prep in-house to maximize capital, and leveraging credit card rewards. This is a great listen for anyone looking to rapidly scale their Amazon FBA business with a lean operational approach.
Key takeaways
Start with retail arbitrage to learn the ropes and prove the concept, then transition to online arbitrage for scalability.
Leverage credit cards for purchasing inventory, but ensure they are paid off monthly to avoid interest and maximize rewards like cash back and travel points.
In the early stages, consider doing your own product prep to save on costs and reinvest capital into inventory, even if it means longer hours.
Explore regional discount stores and liquidation channels in addition to major retailers for unique and profitable arbitrage opportunities.
Actively participate in seller communities and utilize available courses to accelerate learning and identify successful strategies.
Our guest today started just a few months ago as an Amazon seller, but already he's had a $110K sales month at solid margins. He started a little over six months ago and dove head first into the REPLENS systems that we talk about so much on this show. He's doing some creative things that we don't hear often on our show - for example, he's doing a fair amount of international Amazon to Amazon "flips" with success and he describes his process today. He's also not afraid to dig deep into Keepa data to uncover great "underserved listings" that he can sell against. He has a VA doing a lot of the research work for him, and he has a newly hired assistant who he is also mentoring into a close walk with God - it's a great story! Besides his small team, he does all the rest of the work himself and business is booming! You'll benefit from the tips and strategies you'll hear today, and you be encouraged by the results and outlook of today's guest Joe (last name withheld by request). Sponsored by eCom Balance - https://jimc.biz/keeper Our recommended book keeping company. Get two months free using the above link! Show note LINKS mentioned today: https://www.facebook.com/groups/mysilentteam 100% FREE! Join 70,000 + Facebook members from around the world who are using the internet creatively every day to launch and grow multiple income streams through our exciting PROVEN strategies! There's no support community like this one anywhere else in the world! JimCockrumCoaching.com - Get a free session with a business consultant on our team at 1-800-994-1792 / 1-801-693-1688 or TEXT US at 385-284-7701 (US & Canada o
What does this episode say about amazon & marketplaces?
Start with retail arbitrage to learn the ropes and prove the concept, then transition to online arbitrage for scalability.
What does this episode say about supply chain & operations?
Leverage credit cards for purchasing inventory, but ensure they are paid off monthly to avoid interest and maximize rewards like cash back and travel points.
What does this episode say about finance & fundraising?
In the early stages, consider doing your own product prep to save on costs and reinvest capital into inventory, even if it means longer hours.
What does this episode say about founder & leadership?
Explore regional discount stores and liquidation channels in addition to major retailers for unique and profitable arbitrage opportunities.
What does this episode say about amazon & marketplaces?
Actively participate in seller communities and utilize available courses to accelerate learning and identify successful strategies.
