This episode offers a candid Q&A session for Amazon sellers, distinguishing between scalable 'replens' (retail arbitrage) and high-risk private labeling. It emphasizes Amazon's unified seller identity across multiple accounts and provides critical advice on tax planning for new sellers, highlighting the importance of professional counsel early on.
Key takeaways
Prioritize 'replens' (retail arbitrage of consistently selling items) for low-risk, scalable Amazon income, especially as a new seller, over launching new private label products.
Understand that Amazon associates all seller accounts with a single identity; having multiple accounts does not offer protection against suspension, but can be done with prior permission from Amazon.
Allocate 25-30% of your Amazon profits for taxes from day one. Consult a local small business accountant early to navigate state and local tax obligations and optimize expense tracking.
Leverage free community resources like the Silent Sales Machine Facebook group and podcast for ongoing learning and success stories before investing in paid courses or coaching.
Seek professional guidance for advanced Amazon selling strategies, including tax services, trademark assistance, and listing optimization, from trusted community partners like Humminbird instead of attempting them alone.
Once per week or so our Amazon seller leadership team and I love to go live on Zoom with whoever can join us and answer as many ecommerce and Amazon selling related questions as possible. We love to capture the best moments from these Monday night sessions for you and turn them into a podcast episode. Highlights collected by the podcast team: Jim gives a general overview about the My Silent Team community and FB group. He also gives an explanation of the Replen model, which is basically serving the underfilled shelf space at Amazon! Jim also mentions the coaching program Jim discusses if sellers should have just one Amazon seller account vs separate accounts for RA vs Private Label products (PL) Jim suggests a service called Humnbird for help as well as recommending sellers find a local small business accountant to work with regarding taxes Jim encourages new sellers listen to Podcast #369 to learn more about Keepa. Also, there is a new module in The PAC called Advanced Keepa Training. Jim also shares his teams approach on how to read Keepa and how to know when to test A new sellers on the Facebook live shares encouragement with other new sellers! Jim also reiterates that there is a ton of FREE information available on the My Silent Team Facebook page Jim talks about how The Advanced Keepa training course by the Olsens (in The PAC) lists 10 different ways to use Keepa to find under served ASINs . Jim discusses using Prep centers for international sellers. Prepcenternetwork.com is a website that can be used to find a prep center. InternationalAZ.com (this module is also in The PAC) helps new sellers navigate some unique challenges The guest asks Jim his opinion on Print on Demand - provenPOD.com is where a module can be found on this exact topic! This is a slightly more involved str
What does this episode say about amazon & marketplaces?
Prioritize 'replens' (retail arbitrage of consistently selling items) for low-risk, scalable Amazon income, especially as a new seller, over launching new private label products.
What does this episode say about founder & leadership?
Understand that Amazon associates all seller accounts with a single identity; having multiple accounts does not offer protection against suspension, but can be done with prior permission from Amazon.
What does this episode say about finance & fundraising?
Allocate 25-30% of your Amazon profits for taxes from day one. Consult a local small business accountant early to navigate state and local tax obligations and optimize expense tracking.
What does this episode say about amazon & marketplaces?
Leverage free community resources like the Silent Sales Machine Facebook group and podcast for ongoing learning and success stories before investing in paid courses or coaching.
What does this episode say about amazon & marketplaces?
Seek professional guidance for advanced Amazon selling strategies, including tax services, trademark assistance, and listing optimization, from trusted community partners like Humminbird instead of attempting them alone.
