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 for you. The questions we discussed this time clarify what is the "replens model", my background story in doing this over twenty years, how to get around gated categories as a new seller, the difference between a brand and a category, and how to better understand profit margins. This episode has great tips and resources for all skill levels of sellers - enjoy!
If you'd like to join us for a live zoom session, the next one is Monday July 17th at 5PM ET (New York time) and you are invited to join us using this zoom link: https://us06web.zoom.us/j/84823798446
Questions and comments:
Jim does an introduction regarding the Replens Model, the Proven Amazon Course and MySilentTeam Facebook page
Jim gives some background to his multiple streams of e-commerce income and how this has provided for his family for many years
The guest asks Jim how to best test ASINs when it is difficult to source the items locally. Jim offers suggestions as well as emphasizes how important relationships are in this business!
Jim discusses the Proven Brand Bundle course and how he is seeing some really successful stories come out of using this method.
The guest asks Jim about being a new seller and being gated. Jim suggests the following categories for new sellers as these categories are not gated: sports and outdoor, kitchen, bath, household goods, arts and crafts, pet supplies (not food). After selling approximately 30-40 units, the gates will start to “fall open!” Jim also recommends the this course for selling books: provenamazoncourse.com/safebookprofits
Jim discusses being approved for categories vs brands. He also discusses First Sale Doctrine and shares a good Nike story! Jim also shares his confidence with Amazon selling for the upcoming years!
Jim discusses net profit (margin) and what that looks like for Amazon sellers (depending on where the seller is in their business)
Show note LINKS:
My Silent Team Facebook group https://www.facebook.com/groups/mysilentteam 100% FREE! Join 70,000 + Facebook members from around the world who are using the internet creatively every day to launch and grow multiple income streams through our exciting PROVEN strategies! There's no support community like this one anywhere else in the world!
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 businesses of their own based on the models we teach here!
ProvenAmazonCourse.com - the comprehensive course that contains ALL our Amazon training modules, recorded events and a steady stream of latest cutting edge training including of course the most popular starting point, the REPLENS selling model. The PAC is updated free for life!
SilentJim.com/updates - get an alert on your smartphone each time we have a new podcast episode or free training event!
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#109: Deleted Recording
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#107: 2018 Amazon Seller Forecast & Success Stories
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#102: Amazon Merch updates and our three day Merch event videos
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