You're probably sitting on a gold mine as an Amazon seller and don't even know it.
I'm going to show you how to access this gold mine and how to harvest it—quickly.
Copy this playbook.
September Recap
Doubled my profit | $700->$2k
Doubled my margins | 10%->20%
Went deep on replens and focused heavily within the same niche.
All the refunds are Nike products, so not buying Nike anymore.
Just gonna keep restocking my replens and finding more.
Happy I fulfilled my goals for September.
October Goals
- 20%+ ROI and at least 2k profit
- Increase Amex Gold Limit / Get Plum or Blue
September screenshot….. Not gonna lie, I’m a bit nervous about going all out with all the section 3s going out lol. Need some motivation to push for more.
Selling less popular stuff on Amazon might make you more $$$
Sounds counterintuitive.
But it’s true—and Chris Anderson’s The Long Tail shows us why.
Let's break it down.
Sourcing—as an Amazon seller—is counterintuitive.
Every time you buy a product you think is profitable you are, essentially, guessing.
Yeah, you’ve got data, you know the fundamentals of reading Keepa, you even know how to lower your cost of goods as much as possible.
So, you get to make an informed guess. But, it’s still a guess.
These informed guesses are half the battle.
The other half is testing your hypotheses, measuring the outcomes, and adjusting for future sourcing.
There's only one secret hack to being successful.
And it's something that's very obvious but not a lot of people consider its importance.
And that's being honest with yourself.
If you are honest with yourself, accept that you aren't where you want to be, and may not even be doing everything you can and should be doing to reach your goal.
And actively taking advantage of those realizations.
You don't need any secret sauce.
Life will simply conspire in your favor to uncover where you're falling short and if you don't realize it.. it keeps going until you do.
Are you honest with yourself?
GM!!
Excitement is a better motivator than discipline. The people who appear to have an exceptional work ethic or remarkable discipline are often those with a genuine curiosity or interest in that area. The person who smiles is more likely to keep working than the person gritting their teeth.
-James Clear
Let’s have a day!
July screenshot. Still at it and still learning. Been super busy with a few side projects but still going strong. Always looking for sellers to get ideas and learn from. Hope to fully shift my focus back to Amazon soon