EA1: My Story, Why Podcast, Why Sell Amazon Wholesale

Dreaming about doubling your income but daunted by the idea of building a business from the ground up? Understandable. Everyone who’s paved their way before you has experienced moments of fear and self-doubt, or at the very least, unease at the prospect of a business risk. However, it’s these moments of unease and leaps of faith that ultimately help manifest your personal and financial success.

Take it from Todd Welch, a former system administrator who left a six-figure salary to build his business on Amazon. Todd went from feeling restless at a 9-5 to generating close to $800,000 in annual sales working remotely. In the first episode of Amazon Seller School, you’ll hear from Todd as he walks you through the benefits of Amazon Wholesale, tips for the aspiring e-commerce entrepreneur, and the story behind his success.

Resources From This Episode

-Get Your Questions Answered on the Show: https://www.amazonseller.school/ask-todd/

-Show Notes & Transcript: https://www.amazonseller.school/ea2-qa-getting-the-buy-box-opening-accounts-wholesale-websites/

-The Amazing Seller Podcast by Scott Voelker: https://theamazingseller.com/

-Smart Passive Income Podcast by Pat Flynn https://www.smartpassiveincome.com/

-HOW HIGH WILL E-COMMERCE SALES GO? http://www.cbre.us/real-estate-services/real-estate-industries/omnichannel/the-definitive-guide-to-omnichannel-real-estate/by-the-numbers/how-high-will-e-commerce-sales-go

What To Expect...

Everything you need to know about building a successful business on Amazon, including leading a lifestyle that supports your venture and learning to adapt your model to other platforms. None of us know how long the Amazon wave will last and it’s important to build a model that ensures your success isn’t dependent on theirs.

And who inspired Todd? Entrepreneurs like Scott Voelker and Pat Flynn.

Don’t Jump The Gun

When do you stay the course and when do you plunge head-first into a new venture? Todd took a full-time position in order to reinvest the profits from Amazon back into his business and still pay day-to-day expenses. When it comes to selling on Amazon, wait until your sales reach double your day job’s salary before quitting the 9-5 and making Amazon your full-time gig.

Remain Goal-Oriented

Todd breaks down several of his financial goals – reaching $100,000 in monthly sales and investing business profits into rental real estate. As you start a business venture and that venture begins to grow, it’s important to develop definitive goals. Making dough is great, but setting specific financial goals and long-term milestones will keep you on track and remind you of your future financial priorities, not just what’s in your wallet today.

Success Is Out There...Take It!

Do you feel guilty chasing your professional aspirations? As if the piece of pie you’ve earned is inevitably snatching a slice from someone else? Cut this mentality and remember that there’s plenty to go around, the pie is ever expanding. Fight for what’s yours!

Not to mention, the percentage of shopping done through e-commerce is expected to grow over the next several years. While there may be many others beginning an online venture as a result, only a small percentage will stick with it. Be the one who follows through!

Why Wholesale?

Because of the small investment required, selling Amazon Wholesale is a low-risk option. Amazon has plenty of tools to help new sellers determine what will be profitable, eliminating risk and helping you navigate the first few steps.

Overall...

Building a business is never easy. Success requires sacrifice, discipline, and passion. But familiarizing yourself with the e-commerce landscape will help pulling the trigger on your new venture feel less like, well, pulling a trigger, and more like taking a test with the perfect study guide sitting in your lap.

Outline of This Episode

[0:14] Todd’s introduction to this episode

[1:26] What to expect from this series

[12:53] Don’t quit your day job today

[14:08] The importance of setting goals

[16:15] How to claim your success!

[17:33] The benefits of selling Amazon Wholesale

[18:33] Todd’s closing thoughts

FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://amazonseller.school/38