#398: How this coaching student has grown a $300K business in her first full year on Amazon
Silent Sales Machine Radio
Jim Cockrum
4.8 • 805 Ratings
🗓️ 11 October 2021
⏱️ 40 minutes
🧾️ Download transcript
Summary
On today's episode we meet a ProvenAmzonCourse.com student who is expecting to sell $300K in her first full year of selling on Amazon. She has found dozens of profitable replens using our training and she's also a big fan of our coaching program! Her ROI on average is 50% and her net margins are about 20% and she's excited for the future!
We dive into topics like creating bundles that sell well without allowing for competitors, where she goes to source items that sell hundreds of times monthly as well as the details of the challenges and triumphs as she's grown her business. I know you'll enjoy spending some time with me with LuLu Lay.
Watch the interview on our YouTube channel: https://youtu.be/Io6fjLZkTdI
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Show note LINKS:
Proven Amazon Course - https://ProvenAmazonCourse.com - Are you ready to be successful selling on Amazon? It's time to get instant access to the most widely used, most up to date, most creative and industry leading course in the "Learn to sell on Amazon" space. You'll find hundreds of recent success stories in our Free Facebook group from Amazon sellers using all manner of creative strategies from our ridiculously inexpensive yet powerful course!
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
Humnbird.com - Lulu is using the branding services of Humnbird for her private label products.
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
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Transcript
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| 0:00.0 | A business building warrior, it's your buddy Jim. |
| 0:04.5 | Glad you can join me today for another episode. |
| 0:07.4 | We've got an interview today with one of our coaching students. |
| 0:10.8 | We hear frequently from those who send us feedback about this show that while they enjoy |
| 0:16.0 | some of the bigger success stories, the people who are really making a lot of money of |
| 0:20.0 | building incredible businesses, they want to hear more from some of the newer students who are maybe newer in the |
| 0:24.7 | journey, some of those fresher perspectives of people who just got started and they're just now |
| 0:29.9 | figuring out some of the hard details maybe or some of the questions. It may seem obvious to those |
| 0:34.9 | of us who've been around a while, but it's a nice perspective to hear from new sellers and what they think of the business, how they're doing it, the kind of numbers they're seeing. And that's what we've got today. We've got Lulu Lay. You're going to enjoy hanging out with her today. She's got an infectious energy. She really enjoyed being on the show. She told me, and it was really cool interviewing her as well. |
| 0:55.1 | But she's only been doing this a little over a year. |
| 0:57.6 | So to kind of give you a summary of her numbers, to kind of know what to expect, she's got dozens of replans, which is the model you hear us talk about all the time around here. |
| 1:07.4 | That's the model where we start the vast majority of new sellers because it simply works. |
| 1:11.5 | It's low risk. It's easily scaled. You can see results very quickly in building an incredible |
| 1:16.8 | business. This year she'll easily put well over $50,000 in the bank. That's where she's at right now. |
| 1:22.4 | That's her net margin. She's made 50 on about $240,000 of sales. So it shows you about where she's at. |
| 1:29.1 | She works hard at her business. |
| 1:31.3 | It's not the only thing she does. |
| 1:32.6 | She's got a side gig as well that used to be her full-time job. |
| 1:35.7 | But now it's become a side gig. |
| 1:37.5 | And Amazon is her primary income along with her husband who works full-time. |
| 1:41.9 | But it was a pleasure hanging out with her today. She tells you some of the lessons that you maybe have heard before on this program. |
| 1:48.0 | Because, again, this isn't rocket science. |
... |
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