#384: Young couple builds Amazon dream business and clears $100/hour their first year
Silent Sales Machine Radio
Jim Cockrum
4.8 • 805 Ratings
🗓️ 20 August 2021
⏱️ 56 minutes
🧾️ Download transcript
Summary
Today's guest is a ProvenAmazonCourse.com student who frustratingly experimented around with several "gig" type jobs and ecommerce opportunities before finding our podcast and community. He shares his journey of small wins and lessons along the way until they made a fateful decision. Along with his wife, our guest decided to jump with both feet into our community about a year ago and pursue the replens model that we teach in the PAC. The bottom line? A year later they did the math and sold about $200K of product and earned about $100/hr as a couple in their first full year after all expenses. Part of the magic of their approach is that they aren't afraid to look at higher priced replen products. They share how they find these items as well as why they don't do much FBA, instead they handle most of their own shipping. He also shares why he avoided the wildly popular (but nearly always disastrous) Private Label model of selling on Amazon as a new seller.
Today's guest: Manny Irven
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Show note LINKS:
Proven Amazon Course
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Inventory Lab - this service researches products, lists and manages your inventory, tracks your expenses, analyzes your profitability https://jimc.biz/2JY4w3a
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Transcript
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| 0:00.0 | Hey, business building warrior. It's Jim. Welcome to another episode of Silent Sales |
| 0:05.9 | Machine Radio. I have a guest today, which means if you're listening, you may not be aware. |
| 0:11.3 | This is one of our YouTube episodes. Most episodes aren't on YouTube. This one is. You can meet |
| 0:16.8 | my guest today, Mr. Mani Irvin. He and his wife, Swelling, who's from Brazil, |
| 0:22.8 | launched an Amazon business using our training, the proven Amazon course. They launched |
| 0:28.3 | about a year ago. They dived into the course, and things really took off. Their third month, |
| 0:33.8 | he said they sold about $30,000 worth of inventory using the replins strategy that we teach |
| 0:40.7 | around here. They're selling, what makes their story interesting, they're selling items that are |
| 0:45.5 | higher ticket, meaning they're not afraid to go buy $50 and $70 items that are selling for |
| 0:51.9 | really nice margins. He talks about how they find those, |
| 0:55.9 | some of the interesting ways that they ship. They're not just doing FBA with Amazon. They're |
| 1:00.0 | doing some of their own shipping as well from their own house, but they feel like they can go find |
| 1:05.5 | as many items as they need anytime. They figured up and did the math their first full year, they're about a year into |
| 1:13.0 | using the strategies that we teach, their first full year, they made about $100 per hour as a couple |
| 1:18.9 | working about 10 hours per week. So about $50 to $55 each working about 10 hours a week. |
| 1:26.0 | Isn't that a cool story? I love the beginning of their story when they |
| 1:30.2 | kind of scrambled around, trying a few things here and there, some of the typical goodwill flips |
| 1:35.6 | and that sort of thing, but nothing was stable until they got into the replin model. Another aspect |
| 1:42.9 | of their story that I really enjoyed is that they considered |
| 1:46.9 | strongly and they shopped around quite a bit on the whole private label thing. Mani tells the |
| 1:53.9 | story of a friend who got into it and still has a bunch of stuff in his garage. And he felt |
| 1:58.7 | like he told me this, well, we weren't recording, but he said he felt |
... |
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