#681: Our weekly highlights and recap of powerful business lessons

For 7/22/23 MST - #603 Moving to Mexico with a beautiful Amazon Replens business

Listen to the full episode at https://silentjim.com/podcast

 

In this segment, you'll hear a bunch of great highlights, but a few nuggets are mindset shifts, helping a non entrepreneurial spouse support the business and what is a sustainable business model.

 

Show note LINKS:

SilentSalesMachine.com - text the word “free” to 507-800-0090 to get a free copy of Jim’s latest book about building multiple income streams online!

 

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 

 

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 

 

https://provenamazoncourse.com/safebookprofits - Sell books in bulk to "bulk book buyers" - even those books that Amazon won't let you sell in restricted categories!

 

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/returns - Let someone else manage your Amazon returns!

 

Highlights:

The guest admits she was less than supportive as her husband was starting their online business but how there came a turning point for her in regards to the online selling opportunity!

 

The guest shares that it was initially difficult for her to go all in with their business but one day she had a mindset shift from employee to entrepreneur. Jim shares a quote that applies to the difficulties she was experiencing: “Failure is not the opposite of success, it’s part of success.”

 

In this segment, Jim talks about selling books on Amazon and a new course in PAC that has launched that teaches another way to sell books: provenamazoncourse.com/safebookprofits

 

Jim asks the guest to compare and contrast the business models - treasure hunting / Easter egg hunting (which they started with) vs. Replens (what they pivoted to). The guest discusses their growth and Jim explains how net margin for $10-30K per month sellers typically runs about 18-20% on the low side and possibly as high as 30% depending on the criteria used for sourcing

 

The guest discusses how she got a coach and how pleased she was with Coach Jessica! The guest also gives a word of warning about understanding repricing and how it works. Jim quotes Jim Rohn - “You can focus on the loss or you can focus on the lesson”

 

Guest mentions one of our MST Coaches, Sue Pruett, and how beneficial an extra coaching call was with her. Jim talks about how people who have decided to go the coaching route have invested in themselves and so Jim and his team want to pour into them. “Once a coaching student, always a coaching student!”

 

The guest shares about the unfortunate high return rate they experienced after Christmas. Jim mentions a service - that is available at mysilenteam.com/returns. Jim also offers a perspective of “the big picture” rather than focusing on one specific day in terms of profit - “the movie of a month matters a lot more than the snapshot of a day!”

 

The guest shares that despite some continued challenges, she feels the future is bright and she is excited about the possibilities! Jim discusses some future plans the guest has in terms of goals for their business!

 

The guest shares how she needs to remember to not compare herself to others but rather just focus on herself and making herself and her business better! Jim reminds the listeners that there is a lot of value in other sellers who have gone before us and have the experience, wisdom and knowledge to share! Jim again quotes Jim Rohn: “Become a millionaire not for the million dollars, but for what it will make of you to achieve it”