#395: Student builds $500K business at 50% margin and is about to go full-time on Amazon
Silent Sales Machine Radio
Jim Cockrum
4.8 • 805 Ratings
🗓️ 29 September 2021
⏱️ 46 minutes
🧾️ Download transcript
Summary
Today's podcast guest is a JimCockrumCoaching.com coaching student who has a great story! He started with our program five years ago, and it hasn't always been smooth sailing. He's very transparent about the journey, but he's stuck with the things we've taught him and in 2021 he's going to easily hit $500K in sales at a 50% margin! He's also quitting his long time corporate job soon and has plans to join our coaching team as our latest hired coach. He gives several specifics today on how he finds the partnerships and products that have lead him to the success he now enjoys in his business.
We are excited to introduce you today to Mr. Matt Hilbrich
View this interview on our YouTube channel: https://youtu.be/6Wuq43x_zFk
Check out this episode sponsor - Payoneer.com. Skip the credit checks and learn more about bringing your eCommerce vision to life by visiting https://Payoneer.com/funding. Our podcast listeners get a special 10% fee rebate on their first offer!
Show note LINKS:
ProvenAmazonCourse.com - The "Proven Product Partnering" training module that Matt mentions is just one of the numerous training modules found in our flagship course called the Proven Amazon Course (PAC).
Our Facebook group - 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
JimCockrumCoaching.com Get a free session with a business consultant on our team at 1-800-994-1792 / 1-801-693-1688 or TEXT US at 385-284-7701 (US & Canada only for Text)
TheProvenConference.com - the videos from our recent live event are for sale here
Helium 10 helps with seller stats and listing tasks. Use our special member discount code SSMR for 50% off your first month! https://helium10.com
Rick Warren's book: The Purpose Driven Life (One of the best selling books in history - and the author didn't keep a penny of the proceeds)
Robert Morris's book: The Blessed Life (He gave away every penny he had several times and watched God bless him for it)
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Transcript
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| 0:00.0 | Hey, business building warrior. This is Jim. Welcome back to Silent Sales Machine Radio. |
| 0:06.9 | Today's guest is someone who has about a half million dollar a year business on Amazon, |
| 0:13.6 | selling a good handful of private label products that he's found organically kind of growing out of the process that we teach around here, |
| 0:23.2 | which is start simple, start small, test small, and grow your way into a beautiful business. |
| 0:30.7 | Nice thing about his business today as he shares towards the end of the episode is that he's |
| 0:35.2 | getting about 50% margin on his business. That means about half the money that |
| 0:40.7 | he's selling, he's putting in the bank, which is pretty incredible, because the markups on |
| 0:45.6 | private label products can be significantly more than some of the lower hanging fruit, |
| 0:50.6 | simple models that we teach to get people started around here. Now, we strongly encourage |
| 0:55.4 | you to take the process that we lay out as a new seller and not jump straight into private |
| 1:02.0 | label, simply because there's so many potential pitfalls and risks and things you need to learn |
| 1:07.7 | before you go there. So unlike pretty much every other community out there |
| 1:12.4 | that teaches Amazon, we say, let's put money in the bank before you start learning some of the more |
| 1:19.4 | complex processes, like the ones involved in private label and growing a brand. But today's guest |
| 1:25.9 | has gone through those steps. He shares very transparently, |
| 1:29.4 | and I enjoyed this. We talked to, he's been a coaching student for several years now, five years or so, |
| 1:35.9 | and we've helped him at several different points in his journey, but it wasn't easy. His coaching |
| 1:40.9 | experience with us initially wasn't all rainbows and sunshine. There were some |
| 1:46.1 | struggles in there. There were some desperation in there. There was some disappointment. He changed |
| 1:49.7 | coaches. He bounced around a little bit. But to hear him talk about the program now, because he stuck |
| 1:55.2 | with it, he stuck with what we were teaching. He kept trying, and he's built an incredible business now and he has no regrets. |
| 2:02.8 | He learned a lot of valuable lessons and he's very confident in all the different models that |
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