Show notes
Once per week or so our Amazon seller leadership team and I love to go live on Zoom with whoever can join us and answer as many ecommerce and Amazon selling related questions as possible.
We love to capture the best moments from these Monday night sessions for you and turn them into a podcast episode!
The questions we discussed this time address some common Amazon 'buy box" confusion issues, and we give you some great insights into how much start up capital is needed to get started in the Amazon Replens selling business model.
If you'd like to join us for a live zoom session, the next one is Monday July 3rd (today!) at 5PM ET (New York time) and you are invited to join us using this zoom link: https://us06web.zoom.us/j/84823798446
Today's sponsor: Seller Snap offers you a fully automated, AI-powered Amazon Repricer and Analytics Tool which helps you win the buy box at the highest possible price, while avoiding price wars on Amazon. 20% off for 3 months offer can be redeemed by mentioning the code: ProvenConference2023. Check them out! https://jimc.biz/sellersnap
Show note LINKS:
TheProvenConference.com - Our annual LIVE event is ready to kick off! You can still get Livestream access. Hurry, the discount ends when the conference starts on July 6th! DO NOT MISS this massive price cut! Details at TheProvenConference.com
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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
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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!
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Highlights:
Guest - "When you're doing a retail arbitrage like going through…." The guest asks Jim a tax-exempt question and then also inquires as to whether, we, as sellers, can tell Amazon which warehouses to send our products to. Jim also highly recommends the Kickstart Program for new sellers!
"If someone is starting off with just a little bit of capital…" Jim addresses 3 questions that a guest asks in this segment: If I am starting off with just a little bit of capital, how long until I can start paying myself? Is there a course or information on how to avoid IP complaints? Is there an app that helps you identify IP complaints?
"Do I have buy button strategies in the course?".....Jim discusses the buy box and some aspects of it that new sellers typically aren't aware of
"Do you recommend we have an LLC…." Jim discusses his thoughts on whether new sellers should start an LLC initially or wait.
"Compliance documents for toys…" Jim discusses the compliance documents that Amazon often requests for toy listings and how that process works
A guest asks Jim what the timeline looks like for obtaining a coach and Jim explains what the coaching process looks like
"So my question is around when Amazon sends…" The guest asks Jim how to best handle inventory that has been returned by Amazon to the seller. Jim also mentions there are lessons to be learned in this process and encourages sellers not to miss those!
A guest asks if it is possible to do this business in a small efficiency apartment? Prepcenternetwork.com is a great resource for those looking to outsource their business!
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