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In today’s episode we have all of the highlights of last week’s shows including where to find the many resources mentioned! We covered episode #550 and #552.
#552 College Prof pursuing PhD while building a beautiful AZ Replen https://silentjim.com/podcast
Jim warns the listeners about selling closeout or return products because there is significant risk due to there being no chain of custody in the event of an IP complaint.
Jim discusses how permanent suspensions are so slim that it isn’t really worth worrying about but it is essential to keep your account in good standing.
Jim discusses many ways to search for products because each one yields different search results: Amazon seller app vs Amazon customer app and Amazon shopping app on phone vs .com website on desktop.
Jim discusses the definition of replens as well as criteria for finding good replens.
Jim discusses Keepa. Suggests listening to episode #369 which is a deep dive into Keepa. There is also a 20min Keepa video within the MST Facebook group where Jim shows how to use Keepa.
Jim discusses OA Simplified course that is coming to PAC soon. OAS.com.
Jim discusses a special offer for Sellerboard at $15/month. silentjim.com/numbers for more information.
Jim dives into some business principles he believes – “The degree to which you make your business about relationships is the degree to which you are going to have success.” and “Is it even possible to run a business without improving the lives of others?” The blending of ministry and business – Jim discusses how there is no delineation between serving in business and serving in ministry. A Hebrew based lessons in this episode is pulled from the book “Business Secrets From the Bible” by Daniel Lapin
Jim recommends a book called Evangelpreneur by Josh Tolley.
Jim talks about building relationships when growing your virtual Amazon business and how important this is.
Jim discusses the benefits of hiring someone local to help pack and ship vs hiring a prep center. Jim mentions website: prepcenternetwork.com
Guest talks about some “hacks” – buying on Amazon and reselling on Amazon (cannot use a Prime account to do this). Using Amazon to get ungated in categories. Do NOT return products to Amazon after getting ungated – sell on another platform instead.
#550 Used Only $200 to start & rolled it into paying off 10’s of thousands https://silentjim.com/podcast
Jim highly recommends the book: The E-Myth by Michael Gerber and reminds the listeners to “Only do the things that only you can do.”
Jim talks about having someone else source your products as this is one of the first tasks that can be delegated in the listener’s business. It can be accomplished by either hiring a VA or training a VA yourself. He then talks about hiring a shopper and how each incremental step of delegation is beneficial so the listener can function as the owner of the business not self employed.
Jim says the most powerful lever that a seller can bring into their business is a VA for about $4/hour.
Jim mentions OA Simplified – it is its own website and course but will be rolled into the PAC at the start of 2023.
Jim talks with the guest about getting a plan in place going into the new year and how to scale his business
Guest shares transparently about his insecurity in comparing himself to others. Jim shares how George Bush Jr. says, “If I’m the smartest one in the room, I’m in the wrong room.” Business owners need humility to be able to step aside and allow themselves to be small enough to let others help and do their part too.
Guest mentions “BHAG” – “Big Hairy Audacious Goal” to bring his wife home from her healthcare insurance
Surround yourself with others who are working to accomplish the same or even bigger goals. A great place to start is at our annual live event TheProvenConference.com
Our latest sponsor! Check out sellerboard – THE accurate profit analytics tool for Amazon sellers that helps you calculate your profit precisely accounting for all hidden fees and in real time. Use our link and get a TWO month free trial: https://silentjim.com/numbers
Books mentioned:
Evangelpreneur – Josh Tolley
https://www.amazon.com/Evangelpreneur-Revised-Expanded-Biblical-Enterprise/dp/1637741081
The E-Myth Revisited – Michael Gerber
https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280/
Business Secrets From the Bible – Rabbi Daniel Lapin
Rabbi Lapin’s Podcast https://rabbidaniellapin.com/podcast/
Show note LINKS:
ProvenAmazonCourse.com/oasimplified – learn to deploy Tactical Arbitrage as a REPLENS hunting tool! This course is taught by two of our coaching who each recently had a $100K month using these same strategies! OAsimplified.com – will be included in the provenamazoncourse.com collection of modules as of Jan 2023. It’s a walk through of how to use tactical arbitrage as an online sourcing tool
Keepa.com –https://get.keepa.com/ede41 – the service we use to help interpret all of the selling data. Keepa is discussed in depth on episode #369
ProvenReplensVA.com – We find, train and assign a VA (Virtual Assistant) to work ONLY for you as a “Replen Hunting” specialist! Visit this website to learn more!
Jeff Schick of JeffSchick.com for legal support and questions about your Amazon account
My Silent Team Facebook group
https://www.facebook.com/groups/mysilentteam 100% FREE! Join 71,000 + 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! We’ve been setting the standard for excellence in e-commerce and Amazon seller coaching since 2002 with over 7,000 students served! Hundreds of our successful, happy students have been interviewed on our podcast!
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 with new courses free for life!
PrepCenterNetwork.com – Need a hand in prepping inventory? We have a list of all known Amazon seller prep centers worldwide. If you know of a prep center that’s not listed, please let us know!
SilentJim.com/updates – get an alert on your smartphone each time we have a new podcast episode!