#420: With $80K in college debt, he's finding motivation through his growing Amazon business
Silent Sales Machine Radio
Jim Cockrum
4.8 • 805 Ratings
🗓️ 30 December 2021
⏱️ 70 minutes
🧾️ Download transcript
Summary
Today's guest is a few years out of college, and he has a good job in his field of study, but he's getting more and more excited about the business he's building in his spare time on Amazon. He's a provenamazoncourse.com student and a coaching student who manages to sell about $15K per month at a healthy 21% net margin in his spare time. We talk about how he finds products to sell, some tips he's using from his coach to make shopping and prep more efficient, how he finds new inventory to sell, who he will be hiring soon to help him grow, some book recommendations and much more.
Today's guest Dylan ONeal
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Show note LIKS:
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!
FACEBOOK.COM/GROUPS/MYSILENTTEAM/ - the free facebook group where our students hang out and help each other grow
SilentJim.com/repricer - Bqool's webpage! Get 1000 listings free PLUS and extra 10 days on the free trial exclusive for our listening audience!
The Replens Dashboard - Replen Dashboard accurately tracks product movement and trends to help you with buying decisions and inventory projections. An awesome piece of software to keep all of your records straight! https://replendashboard.com?lmref=jEcJkw
ProvenBrandBuilding.com - protect a simple, hot selling bundle with brand registry!
Keepa.com - https://get.keepa.com/ede41 -The service we use to help interpret all of the selling data. Keepa is discussed in depth on episode 369 at https://silentjim.com/podcast
RevSeller - https://provenamazoncourse.com/revseller -the business tool many of our coaches and students use to analyze and organize business data
Inventory Lab - is a third-party inventory management software. It can enhance the product listing workflow for Amazon sellers. Composed of diverse solutions, the software efficiently aids in the many aspects of running an online business
https://Humnbird.com - branding services for all of your private label products or bundled 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)
ASinsight - https://asinzen.com/select-a-tool-and-get-started/
An Amazon Product Research Chrome Browser Extension. They provide all the information you need on one screen. Great for Online Arbitrage and Retail Arbitrage, Wholesale, Amazon Private Label Sellers.
ProvenReplensVA.com - hire a trained VA from our team to help you find more profitable inventory!
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Transcript
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| 0:00.0 | Hey, business building warrior, an episode with a guest today coming at you fast. This is |
| 0:06.6 | Silent Sales Machine Radio. I'm Jim of SilentGim.com, no matter where you're listening or watching |
| 0:12.1 | today. Thank you so much for giving me a few minutes of your time. I'm going to hang out today |
| 0:16.5 | with a young man who's a few years out of college. His name's Dylan O'Neill. He's got an engineering |
| 0:22.2 | degree. He's about $80,000 in debt. He shared that with us today and he's working his way out of it. |
| 0:27.1 | He's got a full-time career, a good job, but he's starting to get more excited about what he's |
| 0:32.5 | building on Amazon and the business opportunities that are coming at him as a result of what he's learned around here. |
| 0:39.2 | He's one of our coaching students. He's built his business up to the point where he's selling |
| 0:43.2 | about $15,000 a month on Amazon at a very healthy profit margin, as you'll hear in his story today. |
| 0:50.7 | He's got some great examples and great illustrations of exactly how to build this |
| 0:57.2 | business, kind of follow the path that he's been on. And I just loved hearing a young man |
| 1:01.9 | kind of processed through the options that he has at this stage of life. The career option |
| 1:07.4 | with its minuses and pluses and then the building my own business option with |
| 1:12.9 | its benefits and negatives as well. So you're going to hear him kind of process through that |
| 1:17.1 | with me a little bit today, what the next stages of growth might be for him because it's just |
| 1:21.5 | him very much part-time, but it's starting to turn into something pretty exciting for him. |
| 1:27.0 | So enjoy as we kind of process through Dylan's journey. |
| 1:30.9 | He's about a year into selling online now. |
| 1:33.7 | I've been a coaching student with us for a while, |
| 1:35.8 | and he is really starting to see some great results. |
| 1:38.9 | So I think you're going to find some inspiration here |
| 1:40.8 | and yet another great episode with another great student from our community. |
... |
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