This episode offers practical advice for new and aspiring Amazon sellers, addressing common concerns like business registration and product sourcing. It emphasizes a low-risk, high-return strategy focusing on "replens" and underserved ASINs, providing a clear path to starting and scaling an Amazon business without significant upfront investment or complex legal structures.
Key takeaways
Don't delay launching your Amazon business by getting caught up in administrative tasks like LLC formation; prioritize selling first to build momentum.
Focus on identifying "underserved ASINs" (replens): products you can purchase at retail and profitably resell on Amazon, consistently and in small batches.
Adopt an 'inch deep, mile wide' inventory strategy by never holding more than a month's worth of any single ASIN to minimize risk and allow for quick shifts.
For international sellers, investigate current Amazon account opening requirements for your specific country before diving deep into strategy, as these can vary significantly.
Leverage local accountants for guidance on business registration and banking, rather than expensive services, to ensure proper setup without overspending.
Once per week or so I love to go live on Zoom in the Facebook group with whoever can join me and answer as many ecommerce and Amazon selling related questions as possible. Recently, we recorded one of these sessions and captured it for you. The questions we discussed are all about finding great inventory, getting started, using Keepa and more- enjoy! As a beginner who has not yet bought the provenamazoncourse.com course, is it worth getting an LLC right away or should I wait until I get further along? I found a brand that I sell says I can not sell their products. How do I avoid running into more brand selling issues? How can I know what Amazon actually owes me right now based on my sales numbers? Can you define what an "underserved ASIN" or "undeserved listing" is on Amazon? Can I sell CBD related products on Amazon? Can I do the Amazon selling models you teach from outside the US? What do I do when I don't have a great product to sell? What is your $40 Kickstart program for new provenamazoncourse.com students all about? What helps people stay positive and helps them overcome a fear of getting started? When so many of your podcast guests say that they "see great inventory everywhere", what do they mean and how can I learn that too? What are drops on Keepa and why does that matter? What is the difference between a receipt and invoice for Amazon sellers? When do I need each? Check out our sponsors: Arbitrage Card - Save cash with DISCOUNTED GIFT CARDS! A member of our community has put together a free eBook on this topic which includes a basic intro
What does this episode say about amazon & marketplaces?
Don't delay launching your Amazon business by getting caught up in administrative tasks like LLC formation; prioritize selling first to build momentum.
What does this episode say about founder & leadership?
Focus on identifying "underserved ASINs" (replens): products you can purchase at retail and profitably resell on Amazon, consistently and in small batches.
What does this episode say about supply chain & operations?
Adopt an 'inch deep, mile wide' inventory strategy by never holding more than a month's worth of any single ASIN to minimize risk and allow for quick shifts.
What does this episode say about amazon & marketplaces?
For international sellers, investigate current Amazon account opening requirements for your specific country before diving deep into strategy, as these can vary significantly.
What does this episode say about amazon & marketplaces?
Leverage local accountants for guidance on business registration and banking, rather than expensive services, to ensure proper setup without overspending.
