One thing I’ve learned for certain? Books provide nourishment for the entrepreneur’s mind. I personally believe that reading and researching is a fundamental component for growth in entrepreneur’s businesses. The fact that you are reading this blog post means that you also believe in reading and growing. So, kudos to you for that!
Those are all phrases we have, at some point, muttered. The problem with those phrases is they are accepting of mediocrity. They predispose we are willing to accept “good enough”. While greatness may or may not be attainable, you sell your dreams short by accepting less. The fact is you have chosen to run and operate your own business. You have taken that chance, putting your time and money on the line, you owe it to yourself to accomplish whatever is possible without restriction.
What is cash flow? Cash flow is the total amount of money being transferred into and out of a business. The higher your cash flow, the more liquidity you have. Having a great liquidity allows you to focus on reinvestment and gives your business a “take shot” mentality. We experiment with products that sell in volume, as we are able to easily get away from bad investments.
Once again, it is Christmas in July! Unlike most holidays, however, you won’t be celebrating with your family eating turkey and dressing. Instead, if you are anything like us you will be fervently glued to your computer screen, pushing the refresh key, and furiously pumping your fist with the insane amount of sales that are taking place.
Whenever I write an article, I have one goal in mind: to produce a piece of content that will help our readers solve a problem.
I love helping you solve your problems!
I also like being the bearer of good news. Unfortunately, I can’t always be the white knight. The news can’t always be good. Where there is daylight, there is eventually darkness.
There isn’t a ton of literature about what to do once you receive an Amazon warning, but there is quite a bit on how to prevent it. In fact, you can read our blog article about prevention here.
Let’s imagine you have received a warning. Bear in mind, if you sell on Amazon and sell lots of products you will get a warning at some point. It is not anything to fear, just something you will need to deal with.
This is a notification sent by Amazon to let you know a product you carry has had information on its detail page altered. As an Amazon seller, it is your responsibility to make sure your product is correctly represented by the Amazon detail page, so the customer will receive the exact product they ordered.
I was reading through some of the older posts in our Facebook group today, and came across one of the more interesting ones I had written. I am passionate about the concept of how your mindset relates to your business, and how that can affect its trajectory.
In my opinion, people have one of two mindsets:
They settle, or they strive.
As you can guess from our site (and the title of this article), we couldn’t be more excited about the opportunity that selling on Amazon offers. We started our business in 2011 with a $600 credit card, and high hopes for eventually making enough money as a side hustle that we could pay for things like vacation. In just five short years, our business has done more than $13m in sales on Amazon, and has grown to a fulltime business which allows us to employ several people.
That’s kind of like the ‘American Dream!’ Thanks a boatload, Amazon!
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.
