#343: Expecting to do $3million on Amazon in 2021 with a small team

Silent Sales Machine Radio

Jim Cockrum

Onlineincome, Ecommerce, Business, Fba, Entrepreneur, Entrepreneurship, Provenamazoncourse, Careers, Amazon

4.8 • 805 Ratings

🗓️ 1 March 2021

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Here's another dad who gets to be home thanks to his ecommerce business! Today's guest has been a member of our community for some time now. He was actually a guest of the show back in 2017 which was just after I had my total loss house fire from a lightning strike (a year I'll never forget!) Since that time, Eric has steadily grown his business and enjoys a flexible lifestyle working from home with a small team. He doesn't have an office or even own any warehouse space. He "rents" some space from a local warehouse that has excess space. His net take home (after all employees and other expenses) is about 10% of total sales, and he's expecting to do about $3million in sales in 2021. Today we talk about wholesale sourcing strategies, Eric's new interest in the replens model, the PPP model (PPP is "Proven Product Partnering" - the model where you get paid to help brands get onto amazon) and even some bundling. Today's guest: Eric Borgeson

Listen on YouTube: https://youtu.be/YotmKrcXJ-E

LINKS:

https://ProvenAmazonCourse.com - the comprehensive course that contains all our Amazon training modules (including wholesale, PPP, Bundles and Replens as well as several others not listed below individually as well)

https://ProvenBundlingCourse.com - our most recent Amazon bundle training

https://ProvenAmazonCourse.com/replens - the REPLENS only module by itself

https://ProvenProductPartnering.com - the Amazon selling model where you spend none of your own money but get paid to help other brands get onto Amazon and sell well

https://ProvenWholesaleSourcing.com - This course teaches how to find and what to say to the wholesale companies

https://JimCockrumCoaching.com- our coaching team. Free consult. Call us!

https://SilentJim.com/updates - get smartphone alerts when we have a new episode

[email protected] - contact us if you have questions!

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, this is Jim. Welcome to Silent Sales Machine Radio, another episode with a guest today,
0:06.7	which means if you're watching on YouTube, you already know this, you can see what's happening.
0:11.3	But if you're a listener who typically listens to the audio, you're going to have a chance to meet our guest today, Mr. Eric Borgison.
0:18.5	And he actually was on podcast episode number 74 back in 2017. It was just
0:24.3	after my family had just lost our house and a lightning strike. Housefire. Crazy year,
0:32.7	but that's the last time we heard from Eric. And he has grown since then. He's got some updates for us.
0:40.5	He's doing a lot of wholesale. He's starting to get into replins. He's just barely dipping his
0:44.9	toe into that. He's doing some of the other business models that we teach as well. He's got a team of
0:49.1	five people works from home, which is tremendous. He doesn't have an actual office where all of his employees gather.
0:56.0	He works from home.
0:57.5	And as we were wrapping up the episode, actually, he said,
0:59.8	hey, got to go, picking up my kid from school.
1:02.1	So it's great.
1:03.0	He's home with his family, and he's built an incredible business.
1:06.4	They hope to do about $3 million in business this year.
1:08.8	He said we're here in February 2021, and that's
1:11.6	his goal for 2021 is about $3 million at a great net. And he's going to talk more about that
1:18.6	in today's episode. A few of the things that stood out to me today about this guest and this
1:23.0	episode were we don't really dive off too much into his story. It's mainly just diving right into the results
1:30.2	he's getting, the strategies he's using. A few times that he's bumped his head and stubbed his toe.
1:35.5	One of the questions I ask him is, have you ever made any big buying mistakes with wholesale? Have you
1:40.8	ever gone too deep into a certain inventory product? I asked him,
	...

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