4.9 • 816 Ratings
🗓️ 17 January 2024
⏱️ 44 minutes
🧾️ Download transcript
In this episode, I dive deep into the cash flow conundrum. A lot of Amazon sellers find it hard to find profitability and manage their cash flow.
I talk about five steps to turn your current situation into real profit and help you assess different areas of your current business. This episode offers valuable insights and practical tips to elevate your financial management skills and propel your e-commerce venture towards lasting success.
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0:00.0 | $100,000 in sales on Amazon, but nothing to show for it? |
0:06.0 | In this episode, I'm going to dive deep into the cash flow conundrum. |
0:12.1 | This is something that gets so many new Amazon sellers, and they find it hard to reach profitability |
0:18.6 | or at least understand how to manage their cash flow, where their |
0:23.0 | cash is moving throughout their business, and the timeline of things. |
0:32.8 | What's up guys? You're listening to another episode of Selling on Amazon with Andy Isam. |
0:38.5 | $100,000 in sales on Amazon, but nothing to show for it? |
0:44.1 | In this episode, I'm going to dive deep into the cash flow conundrum. |
0:50.3 | This is something that gets so many new Amazon sellers and they find it hard to reach profitability |
0:57.0 | or at least understand how to manage their cash flow, where their cash is moving throughout |
1:02.7 | their business and the timeline of things to understand what it takes to reach cash flow positive |
1:10.5 | profitability while also managing the growth of your |
1:13.8 | business. This is going to be a very, very technical episode. So I would strongly recommend if you |
1:22.8 | are listening to this on the podcast to take some time to maybe go check out this episode specifically |
1:29.4 | on YouTube because again, I'm going to be doing a lot of on-screen drawing and note-taking |
1:35.4 | to try to illustrate the cash flow essentially of an Amazon business and really an e-commerce |
1:42.6 | business. So again, you can kind of understand where |
1:45.0 | your money is. You might be getting lots of sales. Maybe you've sold $100,000 on Amazon, |
1:49.4 | but you feel like you're still sinking and you can't really get above water with your profit. |
1:54.4 | Okay. So in this episode, we're going to talk about five steps to turn your current situation into real profit. Okay. So we're going to talk about five steps to turn your current situation into real profit. |
2:04.6 | Okay. |
2:04.8 | So we're going to assess a whole bunch of different areas of your business. |
... |
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