Learn the 8 secrets I use to maximize my profit when I am out doing retail arbitrage with Inventory Lab Scoutify app.
1. Check the rank 2. Buy things out of stock 3. Check review of the item 4. Select the correct item 5. Make sure its the correct item 6. 100% profit 7. Don't Skip Scanning Items 8. Make sure item is not restricted as hazardous.
Are you like many entrepreneurs across the U.S. (and the world) worried about your business during these crazy coronavirus times? Are you wondering how you can recession-proof your business for future tough times? If so, grab hold of these safety net tips before your livelihood goes under.
Show Notes & Transcript: https://www.entrepreneuradventure.com/17
SBA Disaster Loan Application: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Get on the waitlist for Todd's small group coaching course: https://www.entrepreneuradventure.com/group
Cash Is King
Businesses that fail during recessions are highly leveraged and swimming in debt. In emergencies like these, hold-off spending all your money on inventory so you can use cash on hand as a sail to weather you through the storm.
Shorten Your Stock
Because recessions mean slower sales, reduce your inventory. In times like these, product investments pose greater risks. To reduce risk, stay safe and trade inventory investments for cash cushions that will sustain you through slow seasons.
Target Essentials
No one is racing to Amazon for car accessories so shift your focus to food, medication, toilet paper, and other items that everyone needs regardless of their budget. This is also a great opportunity to open new accounts. Amidst an economic downturn, businesses are more open to Amazon sellers. Take advantage of the lower barriers to entry and show brands you're still in business!
Eliminate Unnecessary Expenses
Per Tip #1, now is the time to trade investments for cash. Avoid investing in software systems, courses, travel, and anything else that boosts your businesses' outflow. If there was ever a time to stay stingy, it's now.
Get Access To Capital
Even if you don't need credit now, banks are about to tighten the reins so grab a line of credit while it's still available and you'll at least have the option to use it further down the line. Also take advantage of government loans like these now that everyone's eager to help out businesses.
Focus On Your Strengths
Now is the time to stay in your lane, whether that be private label or wholesale. It's also important to emphasize your skills to suppliers desperate for sale-boosting services. If you're great at snagging discounts or profitable products, do more of that and save your bottom line. Use this time to hone your skillset and emphasize what separates you from the rest of the pack.
Negotiate
Everyone understands the hardships faced by small business owners during times like these. It's always smart to approach suppliers about temporary discounts on products and rent. Remember, if you never ask, the answer is always no.
Pay Your Debts
If you've got debt, you don't have cash on hand (see Tip #1). So pay it of
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https://www.youtube.com/watch?v=nLD_7nfM6io
Are you thinking about starting to sell on Amazon using the wholesale method but not sure where to start? Do these 10 things and you will get started on the right path to success. Building a business is not easy but following certain steps can make it more simply. These are the steps that I followed and countless others have followed to build million dollar businesses selling on Amazon.
Download My Cashflow Plan Template: https://www.entrepreneuradventure.com/cashflow
Profit First Book: https://amzn.to/3dw3TI1
FREE Reverse Sourcing Webinar: https://youtu.be/6anh8ui6oe0
EIN Registration: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online
SALES BOOKS:
Getting to Yes: https://amzn.to/2JdEzsi
B2B Is Really P2P: https://amzn.to/3dy0V5S
Secrets of a Master Closer: https://amzn.to/33PhFkI
How To Be A GREAT Salesperson...By Monday Morning!: https://amzn.to/3akH1cl
Way of the Wolf: Straight Line Selling: https://amzn.to/2JdUqat
Little Red Book of Selling: https://amzn.to/2ybalE8
1-on-1 Coaching" https://www.entrepreneuradventure.com/coach
Small Group Coaching: https://www.entrepreneuradventure.com/group
FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://entrepreneuradventure.com/38
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https://www.youtube.com/watch?v=q-ntlIXjVOA
Like many of you, Steven Pope dreamed of leaving the corporate world for a business he could build and grind at from home. Now the owner and founder of a full-service Amazon consulting agency, My Amazon Guy, Steven’s here to walk us through his tips for working with brands and maximizing sales. From building relationships to adding value, navigating Amazon roadblocks, and chasing after your entrepreneur adventure, we're diving into it all. Stay tuned.
Show Notes & Transcript:https://entrepreneuradventure.com/36
FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://entrepreneuradventure.com/38
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https://www.youtube.com/watch?v=tAmmn9IzHw8
Discover how your journey as an Amazon seller, even if met with challenges, can be the key to unlocking high-paying 6-figure job opportunities in the Amazon ecosystem. Learn how failures can translate into valuable experience, making you a sought-after candidate in the competitive job market of the Amazon world.
Get Started on Amazon: https://AmazonSeller.School
Tune in to gain insights from experts and understand how your Amazon diploma can lead you to success beyond selling. Don't miss out on leveraging your knowledge for lucrative career paths!
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https://www.youtube.com/watch?v=PHNpkFeu6pQ
Register to Win: Amazon Wholesale Tools Package & Coaching, $416.88 Value: https://www.entrepreneuradventure.com/b5i7
This is a companion video to go with 8 Retail Arbitrage and Scoutify Secrets to Maximize Profits on Amazon
Watch Video Here: https://youtu.be/VIpqYoAC6-4
FREE WEBINAR: How to Find Profitable Amazon Wholesale Suppliers: https://www.entrepreneuradventure.com/free-webinar-yt
DOWNLOAD Wholesale Supplier Request Email Template & Amazon Exclusive Reseller Agreement: https://www.entrepreneuradventure.com/emailtemplate
ALL MY AMAZON SELLER RESOURCES: https://www.entrepreneuradventure.com/amazon-seller-resources/
1 ON 1 COACHING CALL: https://www.entrepreneuradventure.com/yt-consult/
FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://entrepreneuradventure.com/38
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https://www.youtube.com/watch?v=XrINM8E7cZg
Show Notes and Transcript: https://entrepreneuradventure.com/48
Wholesale Mine and Refine Masterclass: https://entrepreneuradventure.com/mine
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https://www.youtube.com/watch?v=3I8nT3kYWdU