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”
#339: From full-time ministry to at home dad with a $300K business
#338: Hundreds of Amazon sellers just shared what they are selling!
#337: She started with ProvenAmazonCourse.com less than 4 months ago and has already hit $70K in sales
#336: They found over 75 unique profitable items in one day
#335: They hit $100K in monthly Amazon sales just a few months into their journey!
#334: He has a full-time job, but sold $530K on Amazon in 2020 using our training!
#333: I think I know what's holding you back from Amazon success RIGHT NOW - you might be believing a common lie!
#332: Couple has full time jobs & three daughters, but they built a $20K per month Amazon business in just a few months
#331: Built fast or built to last? The key to my 20 years of success in ecommerce
#330: How "stubborn persistence" helped this UK seller grow his business
#329: He put $200K in the bank with Amazon in 2020 while working full time at his "real job"
#328: They just started their Amazon selling journey and hit $8k in sales
#327: Full-time corporate couple sells $100K in first few months
#326: Dad in the UK has his first $1,000 sales day on Amazon
#325: This PAC student just hit $100K in sales from Canada
#324: Mom of four with full-time career builds $30K monthly sales Amazon business
#323: He lost his job due to Covid but then built a great Amazon business
#322: How this Dad Pivoted and Created Multiple Streams of Income
#321: How having a strong why propelled this couple into their business success
#320: The tough questions about building an Amazon business
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Organic Marketing Simplified: Effective podcasting strategy for growth and monetization
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Money Mondays