#393: Smart investor money is flowing into Amazon seller businesses. A finance expert explains.
Silent Sales Machine Radio
Jim Cockrum
4.8 • 805 Ratings
🗓️ 20 September 2021
⏱️ 39 minutes
🧾️ Download transcript
Summary
Hey Amazon seller - are you curious what the finance pros think of your model? Where's are smart investors going these days in our industry? It's wise to look at the big picture of our industry from time to time and see what the pros think of our model. This is one of those episodes that will encourage you, and will put $500 free money into the pockets of many qualified listeners!
Today's guest is Donald Hedig from AccrueMe
Watch our interview on our YouTube channel: https://youtu.be/QNYEI-f8Yek
Show Note LINKS:
https://summit.accrueme.com/jim-cockrum - Sign up for AccrueMe's FREE summit.
Have you ever thought about creating an Amazon business exit strategy? AccrueMe is a friend of this community that you'll be hearing more about. They have an upcoming FREE summit that's designed to help you hone your exit plans when the time comes. They also offer fantastically flexible funding options for Amazon sellers who need more cash for inventory. If you use their funding services, be SURE to tell them we sent you and they'll give you $500 in free cash as a new client!
SilentJim.com/funding - get details on the $500 offer and see how AccrueMe works **Full disclosure - This podcast receives a small referral fee if any students become clients of AccrueMe. We are asked to work with and endorse countless offers and have always been very cautious about what businesses we endorse.
ProvenAmazonCourse.com - the Amazon selling course that Don suggested to a new seller at a big name conference
Our super supportive facebook group for online sellers - ask all your questions here:
https://www.facebook.com/groups/mysilentteam
100% FREE! Join 65,000 + members from around the world who are using the internet creatively every day to launch and grow multiple income streams through our exciting PROVEN strategies! There's no support community like this one anywhere else in the world
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Transcript
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| 0:00.0 | A business building warrior today. I've got an episode that is, I believe, a first out of nearly |
| 0:07.2 | 400 episodes that we've done for this program. I'm going to spend some time with a finance |
| 0:12.4 | guy, a numbers guy, a guy who had basically retired and had stopped working at all. This |
| 0:20.6 | kind of a joined life was the career |
| 0:22.0 | of the career that he built. But he got interested again in providing money and resources to |
| 0:30.0 | Amazon sellers because he just saw the model. It's so exciting. So he started a company. We're |
| 0:34.8 | going to tell you about that company and a special offer he has for us. |
| 0:37.9 | There are many, many companies out there who will give you money if you're a business. And then they're |
| 0:42.6 | going to expect payments. They're going to do a credit check or they're going to do a background |
| 0:45.3 | check. They're going to want to know the answers to questions that you don't necessarily want to |
| 0:48.2 | answer. These guys are different and special for reasons that we're going to dig into. They love our community as well, |
| 0:54.5 | which is something that jumped out to me. They've looked at a lot of selling options when it |
| 0:59.7 | comes to Amazon. They've looked at the private label. They understand the different models. |
| 1:04.6 | And he flat out says today, this is a guy outside our industry who's making an observation. |
| 1:09.1 | This is a guy who provides financing for businesses, all kinds of businesses. He knows accountants, guys that help hundreds or thousands |
| 1:16.0 | of businesses. He knows these guys. He's been in this arena for a long time. He says, |
| 1:19.4 | the Amazon sellers, and you'll hear him say it today, the Amazon sellers who are starting out |
| 1:23.4 | with retail arbitrage are doing it the right way. This is one of the low-hanging business models |
| 1:28.8 | of our time. And they're willing to throw money into it. And you'll be shocked how easily you can |
| 1:34.2 | get your hands on money. And the great thing is there's no interest that's accruing. You don't |
| 1:39.2 | owe them any monthly payments. You pay them back when you want to out of the profits you make. |
| 1:43.5 | Because they know that you're |
... |
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