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Silent Sales Machine Radio

#168: Over 50,000 of us are selling more than $500,000 per year on Amazon

Silent Sales Machine Radio

Jim Cockrum

Entrepreneurship, Careers, Business

4.8811 Ratings

🗓️ 11 February 2019

⏱️ 23 minutes

🧾️ Download transcript

Summary

Amazon just released the 2018 seller data and it's incredible! Over 50,000 of us are selling more than $500,000 per year in the Amazon marketplace! How are we doing it? Is there a secret that these 50,000 people know?   It's hard to conclude anything other than the obvious after reading Amazon's seller data for 2018 - the Amazon seller opportunity is getting big quickly, and our community of sellers is where you want to be if you are ready to be serious about the future of online business opportunities. Notes are at SilentJim.com/podcast
 
 
Discuss Amazon's latest seller data and see the Amazon report here:
 
Join us for ASD:
 
ProvenAmazonCourse.com : Our comprehensive flagship Amazon seller course
 
Amazon101Course.com : Quickly learn the basics of successfully selling Amazon at an extreme discount

Transcript

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0:00.0

Hey, business building warrior, it's your friend Jim, and today I've got a report that I just read. I shared

0:08.7

it in our Facebook group as well. I'll stick a link in the show notes, of course, at silentjim.com.

0:14.8

Go to this episode. You can link right to everything we're going to talk to, or talk about today, rather.

0:24.0

But this report is from Amazon. It's official Amazon data talking about 2018, the year that just ended, as I'm recording

0:32.7

this, about the results that sellers are getting, third-party sellers. That's you and me, those of us who are selling products on the Amazon platform, the results that we're getting.

0:44.5

Wouldn't it be cool to know, for example, how many people have a business selling six figures?

0:49.4

How many people have a business selling half a million dollars of product or seven figures of

0:54.4

product how many of us are there how are those businesses doing it's pretty cool data that they

1:00.9

spill out in this report and it paints a picture that confirms and validates everything we've been

1:08.1

saying in the most recent episodes which which is, this is a fantastic

1:12.0

opportunity. It's only getting better. The numbers are proving that out. Now, as soon as you talk

1:20.0

about sales numbers, without question, you can cue the people who will raise their hands, and

1:26.1

rightfully so, and say, well, wait a second,

1:28.1

sales isn't necessarily reflective of profits. You're completely right. I'm not trying to avoid

1:36.0

that topic at all as I go into these numbers. We'll bring that up afterwards with some great

1:42.7

stories of exactly how well the members specifically of our

1:46.2

community are doing. So don't be impressed by sales numbers. Obviously, anyone can go out and

1:52.1

spend $1,000 on inventory and sell it for $400 and then talk about how they just sold $400

1:58.5

of product. So that's not a way to stay in business.

2:01.9

That's not a viable business model. Obviously, we're all aware that it's potentially possible

2:07.5

to spend more on inventory than what you end up selling it for. But as I go through these numbers,

2:12.4

keep in mind the profit, just it's not shared in this data. So these are just raw sales numbers, but the numbers are big, and there's a lot of us out there,

...

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