Using Amazon FBA to Create a Business for Your Freedom
(I originally wrote this a couple of years ago for a group of Amazon Sellers on the FaceBook Group, My Silent Team. I am also a paid coach for the My Silent Team company headed up by Jim Cockrum. He is the creator and main leader for the Proven Amazon Course (PAC), the best ecommerce … Read more
Being impulsive, or spontaneous, or flying by the seat of your pants has its place. Just rarely in business. Reason, analysis, decision leads to better, more secure business. It won’t be as susceptible to falling off the rails or of sustaining major losses. Sure, intuition has a place. But intuition that is based on knowledge … Read more
Our Q4 (4th Quarter) is moving right along. We’re ahead of last year for December, the Quarter, and finally for the year. We’ve sold in new Categories, with new SKUs (Stock Keeping Units), and old stand-bys. Some of our new stuff hasn’t done much. That’s the risk we take trying to expand business. How to … Read more
Here’s what’s happening with our Amazon sales right now. So far in 2018, we are about 33% DOWN from last year. This is about $40,000 less than the same time a year ago. What happened? Long ago, when we were getting our eBay business up and running, we found a niche product that started doing … Read more
There are the 2 aspects of a business. 1. The structure and surrounding support processes – accounting, finance, and the like. and 2. The operations part – what and how are you going to do every day to make money. You can make money without much of a formal business structure. A Sole Proprietorship is … Read more
Profitable. That’s the primary characteristic of a successful FBA product. You make your profit when you buy it. Then, it has to sell. DUH! You can make all sorts of buys of products, but if there is no profit in it, then it is worthless, or a drag on your bank account. Now, it’s OK … Read more
Sandi & I are here in our 29th floor room at the Encore in Las Vegas, relaxing after finishing our buying exercise for the year. It has been a fabulous show. We’ve been coming to this show for since 2002, and it keeps getting better and better for us. (You can find this twice-a-year show … Read more
“What should I sell?” or “How do you find something to sell?” This is pretty much the first question anyone asks when thinking about selling online. It’s the same for selling on Amazon. “What should I sell and how do I find it?” I recently did a quick “count” and found that there are MORE … Read more
I’ve had several businesses. I’ve failed, and I’ve succeeded. Turns out that the difference between success and failure is just some small details. Details that often get overlooked in the crush of daily activities.
You either move towards success, or you move towards failure. You get to choose.