This episode features Greg Webb, a successful Amazon Lego seller, who shares his strategies for identifying profitable Lego sets, understanding market trends, and leveraging Amazon for significant sales. He also introduces his new children's book series, 'Entrepreneur,' designed to teach young kids about economics and financial responsibility from an early age. This is a must-listen for Amazon sellers interested in scalable product sourcing and parents looking to instill financial literacy in their children.
Key takeaways
Implement a 'buy and hold' or 'buy and flip' strategy for Lego sets by identifying retiring sets and anticipating Q4 demand, as taught in the 'Proven Brick Investing' course.
Consider the toy market for Q4 inventory planning, focusing on items that will be clearanced in the summer for strong holiday sales.
Explore niche markets on Amazon where expertise and early trend identification can lead to substantial profits, such as collectible Lego sets.
Introduce basic economic concepts like hard work, delayed gratification, and opportunity cost to children using age-appropriate materials to foster early financial literacy.
Leverage communities and masterminds for up-to-date market insights and strategies, like Greg Webb's Lego mastermind for identifying top investment opportunities.
On today's episode we have a guest who has sold millions of dollars of Legos on Amazon and WOW he comes loaded with practical tips! He's the creator of the LEGOS course we built a few months ago at ProvenBrickInvesting.com (We say "brick" because Legos doesn't want their name on any websites) FYI: the ProvenAmazonCourse.com library now contains the full ProvenBrickInvestimg course! RIGHT NOW - Summer, is a fantastic time to buy up all of the toys that are being marked down on retail shelves everywhere! These hot toys will almost certainly be worth a lot more as soon as the Fall/Christmas shopping season begins. Greg explains today what the hot toys are, where to find them and some of the exciting projects he's been working on like a new children's book series that helps the youngest entrepreneurs get started on the right foot. We also discuss bitcoin and some very useful business topics along the way. Watch this episode on our YouTube channel here: https://youtu.be/MVlkN-DSp1I Show note LINKS: Greg's toy mastermind : SilentJim.com/toytraining This group is limited to only 100 people at a time. As of the recording of our episode together there were 10 spots open. <a class="yt-core-attributed-string__link yt-core-attributed-string__link--call-to-action-color" tabindex="0" href= "https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa040djR5X3BQWDNTUzc0dDVlN1gtcDF3T2F1QXxBQ3Jtc0tuWkFCNXdIWHczeU1GY1hvbV9DcG5MaGtuMnJBQW8wY0ZpaTlXWjY3NHNNNVBuRlRmVS0yQ3ctdUlPNG9Ya0s0a3M5TlZHcFF0QTFCTE9oRH
What does this episode say about amazon & marketplaces?
Implement a 'buy and hold' or 'buy and flip' strategy for Lego sets by identifying retiring sets and anticipating Q4 demand, as taught in the 'Proven Brick Investing' course.
What does this episode say about product & merchandising?
Consider the toy market for Q4 inventory planning, focusing on items that will be clearanced in the summer for strong holiday sales.
What does this episode say about founder & leadership?
Explore niche markets on Amazon where expertise and early trend identification can lead to substantial profits, such as collectible Lego sets.
What does this episode say about amazon & marketplaces?
Introduce basic economic concepts like hard work, delayed gratification, and opportunity cost to children using age-appropriate materials to foster early financial literacy.
What does this episode say about amazon & marketplaces?
Leverage communities and masterminds for up-to-date market insights and strategies, like Greg Webb's Lego mastermind for identifying top investment opportunities.
