Listen on the most popular podcast platforms including:
Apple Podcasts · Spotify · Podbean
In this segment, which is targeted toward newer sellers, Jim discusses the different business model approaches of “high, high, low” vs. “low, low, high” and how that ties into the Replens model
We covered episode #587 -Funding for the startup and growth stages of your Amazon business https://silentjim.com/podcast or the original YouTube video here: https://youtu.be/pOpqPaIJCQI
Jim explains how once newer sellers are up and running, then funding for the business becomes something to look at. He talks about “gambling vs investing” from a Biblical standpoint and what makes them different from each other!
Jim warns sellers about being confident in your ability to turn $5 bills into $10 bills before securing more outside funding! Jim mentions a favorite quote by Jim Rohn – “Set out to be a millionaire, not so you can have a million dollars, but so that you can become the kind of person who is capable of having a million dollars” as well as a favorite Dave Ramsey story – The Tortoise and the Hare!
Sponsored by Payoneer! Payoneer helps sellers scale their businesses worldwide with multi-currency accounts, working capital, tax and VAT solutions and more. Pay your international suppliers in over 190 countries with ACH or credit card by visiting https://www.payoneer.com/industries/wholesale/. Or, skip the credit checks and learn more about bringing your eCommerce vision to life by visiting https://Payoneer.com/funding. Our podcast listeners get a special 10% fee rebate on their first offer!
Show note LINKS:
ProvenBotSourcing.com – our brand new course with online strategies to use on any website
Tactical Arbitrage – use the link: https://silentjim.com/tacticalpb for their special offer for our community
Learn exactly how to find profitable inventory you can sell right on Amazon in 20 minutes. We hold nothing back! Watch the video now:
https://silentjim.com/introvideo
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 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 free for life!
SilentJim.com/updates – get an alert on your smartphone each time we have a new podcast episode or free training event!