Build Your Business on Amazon with Bry Shields

Over the last couple of years, the e-commerce space has seen tremendous growth as more businesses shifted to setting up online stores. There are several platforms to choose from, but Amazon is probably the biggest. So what is it like working inside the Amazon space? What are the things you have to know to start your e-commerce business on Amazon? Today's guest can shed some light on your questions. Tune in to this episode as Russ and Joey interview a successful e-commerce business owner and member of the Wealth Without Wall Street Community, Bry Shields.

Bry is the founder of TruVu Optics. He is an avid entrepreneur and has played golf most of his life, so he built his e-commerce business with golfers in mind.

Top 3 Things You’ll Learn:

What are the essential skills you need to build a business on Amazon?
How to choose your niche and create products to sell
What are the usual challenges, and how do you overcome them?

About Our Guest:

Bry Shields is an avid entrepreneur and has played golf most of his life. He knows first-hand how frustrating golf can be at times, yet there's also so much fun playing it. Bry believes that playing golf is a great way to challenge your physical and mental agility while creating lifelong friendships. So he built his Amazon business with golfers in mind.

Connect with Bry Shields:

Website - https://www.truvuoptics.com/
Find Bry inside the Community - https://www.wealthwithoutwallstreet.com/community
Take the Passport Challenge - https://www.wealthwithoutwallstreet.com/passport

5:07 - What was your experience in the Amazon space in the last 5 years?
6:45 - What was the difference between what you were doing then and now?
7:54 - How did you start with Amazon?
8:48 - What was your process in deciding which niche to focus on?
11:04 - How would you guide someone in choosing a product to sell?
14:12 - What are the steps in starting an e-commerce business?
15:50 - What is your reason for getting on Amazon aside from making money?
16:50 - How did you start building your Infinite Banking System?
19:09 - How do you lower your taxes but increase your cash flows in the e-commerce space?
20:11 - What would you advise someone who wants to get involved in e-commerce?
22:54 - What is the price range of products you can sell on Amazon, and what is the typical profit margin?
24:53 - How does inflation affect e-commerce businesses?
26:56 - How do you navigate supply chain issues?
28:04 - How long were you in training before you learned to create products to sell?
29:37 - What are the biggest challenges involved in e-commerce?
32:17 - How does the 5x5 rule work?
33:15 - What metrics do you consider to know if your business is ready to be sold?