This episode re-caps the journey of a busy mom who built a five-figure/month Amazon business while working full-time and pursuing a degree. It highlights her use of strategies from the Proven Amazon Course, her transition from Mercari and Poshmark to Amazon, and her sourcing mix of wholesale, retail arbitrage (RA), and online arbitrage (OA). The episode emphasizes balancing different sourcing methods for growth and sustaining momentum in a dynamic e-commerce environment.
Key takeaways
For new sellers, prioritize Retail Arbitrage (RA) and Online Arbitrage (OA) as 'low-hanging fruit' for faster growth, even if you eventually plan to incorporate wholesale.
Even with other commitments, focus and strategic course utilization can lead to significant e-commerce success (e.g., five-figure monthly revenue on Amazon).
Continuously re-evaluate your sourcing mix (e.g., 40% wholesale, 60% RA/OA) to adapt to market trends and maintain growth momentum.
Leverage educational resources like the Proven Amazon Course and attend industry events such as ASD in Las Vegas to discover new sourcing opportunities and strategies.
Consider coaching from experienced sellers who have built successful Amazon businesses to gain personalized guidance and accelerate your own growth.
In today's weekend episode we have highlights of a prior show. Today's guest only learned of Amazon REPLENS just a few short months ago. She's a busy mom working full-time and pursuing a business degree but she's managed to just have a very healthy five figure month on Amazon using the strategies as taught in the ProvenAmazonCourse.com course. We covered episode #775 - Busy mom pursuing a college degree while also building a beautiful Amazon business. The full episode can be heard at https://silentjim.com/podcast Highlights include: Jim gives some introductory information: www.theprovenconference.com in order to register for the annual conference - May 23-25, 2024 in Orlando, FL! Book a free call with Jim's team regarding coaching (every coach has their own successful Amazon business!) www.silentjim.com/bookacall The guest details her journey in the e-commerce world which started with Mercari and Poshmark before she found Amazon. She discusses ASD in Las Vega. Now that it's the beginning of 2024, she is re-evaluating how to keep the momentum going and how to continue to grow! The guest shares with Jim that during December, her sourcing was about 40% wholesale and 60% RA/OA. Jim encourages her to keep the wholesale going since she has already learned a lot (typically we do not recommend new sellers start with wholesale). But Jim REALLY encourages the guest to focus on the low hanging fruit while she is trying to ramp up and to do more RA and OA! Jim recommends
Frequently asked about this episode
What does this episode say about amazon & marketplaces?
For new sellers, prioritize Retail Arbitrage (RA) and Online Arbitrage (OA) as 'low-hanging fruit' for faster growth, even if you eventually plan to incorporate wholesale.
What does this episode say about supply chain & operations?
Even with other commitments, focus and strategic course utilization can lead to significant e-commerce success (e.g., five-figure monthly revenue on Amazon).
What does this episode say about founder & leadership?
Continuously re-evaluate your sourcing mix (e.g., 40% wholesale, 60% RA/OA) to adapt to market trends and maintain growth momentum.
What does this episode say about amazon & marketplaces?
Leverage educational resources like the Proven Amazon Course and attend industry events such as ASD in Las Vegas to discover new sourcing opportunities and strategies.
What does this episode say about amazon & marketplaces?
Consider coaching from experienced sellers who have built successful Amazon businesses to gain personalized guidance and accelerate your own growth.
