Flip Me Up Scotty

[Flip Me Up Scotty @FlipMeUpScotty]

New pod on Dan Sullivan's 4 C's — the essence of entrepreneurship:

https://t.co/rYlVPfo4kD

[Flip Me Up Scotty @FlipMeUpScotty]

I have no real insider knowledge here, but my impression this month is that amazon prioritizes your listings across the board if your inventory is moving...

[Flip Me Up Scotty @FlipMeUpScotty]

Never posted about July, so will post about both July + Aug.

July - away on vacation so less MF.
Aug - repriced a lot of stuff lower to get inventory moving (esp stale inv > 6mo old)

[Flip Me Up Scotty @FlipMeUpScotty]

Different stages of wealth require different strategies.

This week on Taylor Made Thoughts (my podcast): The Millionaire Master Plan.

https://t.co/xA2SEFOIfB

[Flip Me Up Scotty @FlipMeUpScotty]

@starter_story "Everything is hard the first time...but only the first time"

[Flip Me Up Scotty @FlipMeUpScotty]

@itsdavidvolpe masterclass?

[Flip Me Up Scotty @FlipMeUpScotty]

June - revenue growth has more or less stalled although happy with 20% MoM margins (although TBH it's much less) much less profitable vs. last month. some liquidation of one of my brands who has come on various listings of similar products (clothing manufacturer).

[Flip Me Up Scotty @FlipMeUpScotty]

Another month in the books. revenue basically unchanged, net profit + ROI much higher than last month.

considering adding more cash to speed up the compounding.

[Flip Me Up Scotty @FlipMeUpScotty]

@itsdavidvolpe what's that?

[Flip Me Up Scotty @FlipMeUpScotty]

@Chadventures_ I think that this depends on whether you came from an IT or programming background. If so, you are using AI to generate code where AI will no longer be present.

You are literate enough to understand that AI is probabilistic and so won't always lead you to the result you want.

[Flip Me Up Scotty @FlipMeUpScotty]

@Chadventures_ Pretty smart move if they were...

[Flip Me Up Scotty @FlipMeUpScotty]

@itsdavidvolpe what's your main source? LSA?

[Flip Me Up Scotty @FlipMeUpScotty]

Pretty flat this month; not enough profit to write home about; missed one week of buying; focusing on another business that can cash flow sooner (a service business)

[Flip Me Up Scotty @FlipMeUpScotty]

@jordanreviewsit is #2 fb?

[Flip Me Up Scotty @FlipMeUpScotty]

@michaelpatron0 #8 might actually be an improvement...sellercentral support has always been terrible.

[Flip Me Up Scotty @FlipMeUpScotty]

@jamesonhaslam The real issue is that a local service business pays a lot for leads and can't afford to have the AI mess up.

Consider a business that charges $200, labor is $100, and the lead is $50 (~ $50 profit - 25% margin).

If the AI bungles the lead, now profit margin shrinks to zero.

[Flip Me Up Scotty @FlipMeUpScotty]

@TheFreeTwo It was more about what was unsaid than what was said.

[Flip Me Up Scotty @FlipMeUpScotty]

@BigBrainBizness my old coworker...