This episode features Ed Dasey, who transitioned from a struggling Amazon side hustle to a thriving full-time business alongside his wife after their special-needs therapy practice was impacted by COVID. They scaled to over $500,000 in annual sales using Amazon FBA replenishment strategies, leveraging virtual assistants in the Philippines for sourcing and management. The episode highlights their journey of refining sourcing skills beyond basic retail arbitrage to advanced techniques using tools like Keepa, emphasizing the importance of continuous learning and strategic outsourcing for sustainable growth on Amazon.
Key takeaways
Rethink retail arbitrage as a long-term strategy; while a good starting point, master advanced sourcing tools like Keepa to analyze sales history, drop counts, and sales velocity for sustainable growth and to move beyond a 'hamster wheel' business model.
Implement a virtual assistant strategy for lead generation and business management; Ed successfully leveraged VAs in the Philippines to provide consistent product leads for online arbitrage, enabling him to scale his Amazon business efficiently by outsourcing repetitive tasks.
Don't be afraid to pivot and commit; Ed's Amazon business only took off when he committed fully after his wife challenged him on whether it was a business or a hobby, demonstrating the need for decisive action and dedicated effort to see significant results.
Continuously refine your sourcing skills; Ed emphasized that even after years of using Keepa, there are always new features and factors to learn for making better buying decisions.
Consider outsourcing tasks to VAs in countries with favorable exchange rates; Ed highlights the cost-effectiveness of hiring VAs in the Philippines, where a few dollars an hour translates to a significantly higher local wage, attracting skilled help for product sourcing and business management.
On today's new podcast episode you'll meet a coach on our team who is running a $500K+ Amazon REPLENS business with his wife. When covid slowed their family business to a crawl they knew they had to find a flexible, scalable biz model to replace the income and they've found it in the REPLENS strategies as taught in the ProvenAmazonCourse.com course. You'll hear about what they sell, how they find their inventory, how they've scaled with virtual assistants from the Philippines as well as details on the other strategies they are branching into currently. Sponsored by 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 introduction to gift cards as well as some tips and resources that can benefit even those who are already experienced with gift cards. Get the free report at: silentjim.com/giftcards Watch this episode on our YouTube channel: https://youtu.be/RXUGVWUHBa4 Show note LINKS: Come meet your fellow listeners to this podcast, dozens of our coaches and hundreds of business building warriors at our live event in May! Tickets are on sale now! TheProvenConference.com/orlando/ https://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 only for Text) ALL of our coaches are running very successful busin
What does this episode say about amazon & marketplaces?
Rethink retail arbitrage as a long-term strategy; while a good starting point, master advanced sourcing tools like Keepa to analyze sales history, drop counts, and sales velocity for sustainable growth and to move beyond a 'hamster wheel' business model.
What does this episode say about supply chain & operations?
Implement a virtual assistant strategy for lead generation and business management; Ed successfully leveraged VAs in the Philippines to provide consistent product leads for online arbitrage, enabling him to scale his Amazon business efficiently by outsourcing repetitive tasks.
What does this episode say about founder & leadership?
Don't be afraid to pivot and commit; Ed's Amazon business only took off when he committed fully after his wife challenged him on whether it was a business or a hobby, demonstrating the need for decisive action and dedicated effort to see significant results.
What does this episode say about ai & automation?
Continuously refine your sourcing skills; Ed emphasized that even after years of using Keepa, there are always new features and factors to learn for making better buying decisions.
What does this episode say about amazon & marketplaces?
Consider outsourcing tasks to VAs in countries with favorable exchange rates; Ed highlights the cost-effectiveness of hiring VAs in the Philippines, where a few dollars an hour translates to a significantly higher local wage, attracting skilled help for product sourcing and business management.
