The single thing I find most intriguing about Amazon businesses, or entrepreneurial-style businesses in general, is there are so many ways to do the same thing. The question that we are asked most often is “how do I find wholesalers?” The problem with this question is it does not take into context the different types of wholesale businesses that can exist. In this article, I will describe the different types of wholesale, and describe the model that we subscribe to.

If you have been living under a rock for the past few weeks, you might have missed this. Otherwise, you realize this is the talk of the town. In this article, I will discuss why you should set this up, as well as how you can go about doing it.

Amazon has become a target, that much is clear. Hackers are working to break into sellers’ accounts because of the massive amounts of money that 3P sellers are generating. This makes a nice, juicy target for the hackers.

As a few of you may know, we just held our second TWF Live event. The event turned out to be everything we hoped for and more. We truly do want to thank everyone who attended. It means a lot to us that people took time out of their busy schedules and lives to hang out with us for a weekend.

The people who attended the event were all-stars. Present in mind and body, ready to learn, and participating. I was shocked at how well this group of awesome folks immersed themselves into the atmosphere, as well as getting involved networking with other attendees. It was truly a sight to behold and honestly, we were honored to be a part of such a great experience!

We talk to hundreds of entrepreneurs daily. Some are selling on Amazon, but many who haven’t started that leg of their personal journey yet. Most of those who aren’t yet selling on Amazon don’t realize Amazon will literally tell you what to sell.

Think of it from this perspective, if you can look at a product and know that it is selling well – all you have to do is go out and find that product cheaper. If you can do that, the distance between your buy price and sell price (minus applicable fees) is your profit. Amazon tells us what to hunt, all we have to do is find it cheaper and make money.

Three heads are better than one…I believe that’s the saying, right? But seriously, it doesn’t matter where you are in the world, what line of business is involved, or the format these groups meet in, teamwork provides unparalleled results.

We believe having a discussion with someone is the single most powerful thing you can do. Sure, information is great, as well as product information – but nothing enhances the effectiveness like community. If you build a great community or group, people will take away endlessly and grow beyond their wildest imagination.

Selling on Amazon has provided us with the most amazing opportunity we have encountered: It allowed us to grow and scale our business with minimal infrastructure. For example, in many cases we have over a thousand orders a day (particularly in peak season), but only three full-time employees processing products.

In most circles of the world this wouldn’t be possible, but with Amazon it absolutely is. Amazon FBA allows us to scale without needing lots of employees and crazy systems to do it. I say this because I want to talk about some of the amazing things Amazon has allowed us to do, and use that to transition into something you might not know about:

When it comes to hiring a virtual assistant (VA) it can be normal to feel overwhelmed at first. For those who haven’t done it, this sounds incredibly daunting. Honestly, I felt the same way at the beginning. I was under this impression for the longest time until one of the students in our course mentioned to me how amazing his VAs were doing. 

He asked about our VAs and I told him we didn’t currently have any, but I was curious about what his VAs worked on for him. He actually showed me the VA worksheets that his company uses and I was floored at the level of productivity!

Since day one, we decided that we were going to do EVERYTHING in our power to be completely above board. It certainly was not lost on us there were opportunities that were against Amazon’s rules (which would be highly profitable) but we chose to go the other direction. We realized that our longevity was important if we wanted to create a business. It’s much easier to sleep at night when you try to do the right thing.!

The truth is: selling on Amazon has NEVER been easier. Amazon makes it easy because they want to introduce more sellers to serve the needs of their gigantic customer base, and create a more competitive marketplace.

This may seem daunting, but it really is not, and I wanted to help dispel some of the myths that might prevent you from taking action and getting started.

Who says time can’t be bought?

Wrapping up 2016 is an exciting time for us. We are going to land around $7,000,000 in sales, currently have 10 full-time employees, operating a 10,000 sq. ft. warehouse, and are sending and receiving inventory on the FTL (full truck load) level. Things couldn’t be going any better!!