On this "mini-lesson" episode we learn about a farmer and a goat. The farmer buys the same goat twice - and the goat actually costs MORE the second time he buys it! Is the farmer making money or losing money? You decide! Understanding this basic lesson will help you understand the numbers that are vital to your success as a business building warrior!
Show note LINKS:
The farmer/goat discussion in our facebook group:
https://www.facebook.com/groups/mysilentteam/posts/4984974948285242/
Proven Amazon Course - https://ProvenAmazonCourse.com - Are you ready to be successful selling on Amazon? It's time to get instant access to the most widely used, most up to date, most creative and industry leading course in the "Learn to sell on Amazon" space. You'll find hundreds of recent success stories in our Free Facebook group from Amazon sellers using all manner of creative strategies from our ridiculously inexpensive yet powerful course!
ProvenReplensVA.com - We can help you find a VA who is trained in our "Replen Hunting" strategies! Visit this website to learn more!
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)
My Silent Team Facebook group -https://www.facebook.com/groups/mysilentteam
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Answers:
The farmer has $20 more than when he started. He made $10 on each of the two transactions.
The pond was half full of lily pads on day 29 and then doubled to being completely full on day 30. Use the power of "doubling" to your benefit! It starts slow, but it becomes big very quickly!
#707: Hanging out with Amazon Execs & details of our upcoming virtual conference for Amazon sellers!
#706: Our weekly highlights and recap of powerful business lessons
#705: How our top students achieve an almost unfair advantage on Amazon and in Ecommerce
#704: Our weekly highlights and recap of powerful business lessons
#703: From working in the CIA to building a beautiful Amazon business full-time
#702: Dealing with hard to sell inventory? Maybe it's time to Burn The Boats
#701: Excited about the future with an Amazon replens business ramping up
#700: A live Amazon Q/A with our Facebook members and PAC students
#699: Branded Bundles on Amazon are on FIRE!
#698: Get in the flow on Amazon. Earn by doing it!
#697: A live Amazon Q/A with our Facebook members and PAC students
#696: Started with $300 and built an amazing Amazon business Part 2 of 2
#695: Let's compare Amazon selling to other popular business models
#694: Starting with $300 and sold his Amazon wholesale business for a beautiful payout Part 1 of 2
#693: Our weekly highlights and recap of powerful business lessons
#692: Is this the biggest factor that determines who succeeds and who fails on Amazon?
#691: Many of our successful Amazon selling students have these things in common
#690: Lessons from a multiple seven figure Amazon REPLENS wholesale seller
#689: A live Amazon Q/A with our Facebook members and PAC students
#688: Forming relationships in our Amazon seller community pays off big
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