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Silent Sales Machine Radio

#250: Building a 7 figure Amazon business, losing it & getting it back again

Silent Sales Machine Radio

Jim Cockrum

Entrepreneurship, Careers, Business

4.8811 Ratings

🗓️ 16 January 2020

⏱️ 50 minutes

🧾️ Download transcript

Summary

Imagine building a great team and a big number business online only to lose it all fairly quickly, and then rebuilding it all again better than ever! That's the story of today's guest. Fred McKinnon has seen it all over 20 years of online selling, and you'll be inspired and learn some incredible diversification strategies that can help any business building warrior build a more sustainable income.  If you are looking for stability and long term success in your business and life, you'll love this episode! Show notes are at SilentJim.com/podcast
 
ProvenProductPartnering.com (this course is included in full inside the ProvenAmazonCourse.com or sold separate on that page)
 
ProvenAmazonCourse.com - the best selling course in the world about Amazon selling success with more success stories than any other and free updates for life!
 
The drop ship episode that Fred and Jim talk about can be found here:
 
The "super power" episode that Jim talks about towards the end of this show can be found here:
SilentJim.com/podcast episode #236
 
TheProvenConference.com - Join us in July 2020 in Boca Raton Florida! Listeners to this show from around the world are heading to Florida!
 
Fred's song that he wrote just for our community
 
SilentSalesMachine.com - the $5 book recently voted the all-time best book for beginner online sales! 
 

Transcript

Click on a timestamp to play from that location

0:00.0

Imagine building a very healthy seven-figure business.

0:06.8

I'm talking more like eight figures of total sales over a handful of years and then losing it all.

0:14.3

And on top of that, the job that you had and maintained, the passion that you had in a full-time career, you lose that

0:23.2

within very short order as well. That's a big life reset, isn't it? Well, that's exactly what

0:29.2

happened to today's guest. We're going to bring him on the line here in just a moment. It's the

0:34.4

story of over the course of 20 years, which is a long time to be an internet

0:39.1

based business building warrior. Over 20 years, this guy built an incredible team, an incredible

0:44.7

business, and it was built on some fairly unstable ground, as we'll soon learn, and it was

0:50.9

Amazon-based, as we'll soon learn as well, but he lost it.

0:55.0

So he went from great income to no income to a conversation that he and I had a year ago,

1:01.6

and then we'll bring you all the way up to today and tell you the end of this story,

1:05.8

not to give away too much, but there's a cool ending to this story that I think you're really going to enjoy with

1:11.6

a lot of great lessons along the way and even a song that's been written just for this community

1:18.5

that you can find details of in the show notes. The only link you'll ever need,

1:24.7

silentjim.com. That's Jim with a J. That's me. Silentgim.com. You'll see the link to the

1:32.8

song that Fred wrote for us. That's today's guest, as well as all the other really cool

1:37.2

resources that are mentioned in this episode. So enjoy the journey today with Fred and I going

1:42.9

through some of the invaluable lessons that apply to any of our businesses and some real encouragement for you as you continue your business building journey. Let's get Fred on the line.

1:56.4

So Fred, welcome to Silent Sales Machine Radio, my friend. How are you?

2:01.3

Hey, man. Thank you. Happy New Year to you. I guess we're recording this early in January, 2020.

2:07.4

That's right. Yeah, New Year kicking off. I think you're my first interview of the year, actually,

2:12.8

now that you mention it. So that's pretty cool for me. Yeah, started out right. I'm doing great. Thank you. Thank you so much

...

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