#444: Imagine a store that only sells high profit items -no "loss leaders" needed

Silent Sales Machine Radio

Jim Cockrum

Entrepreneurship, Business, Careers

4.8 • 811 Ratings

🗓️ 9 March 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you want yet another reason to love the Amazon Replens model that is creating the dozens of recent success stories that you've been hearing on this podcast? The ProvenAmazonCourse.com is cranking out successful Amazon seller stories faster than any other model you've ever seen for one reason - it works and we have the formula dialed in! Consider the concept of "loss leaders" and "dead inventory". Most stores or online sellers have to deploy "loss leaders" to get customers into the stores, or they worry about overbuying bad inventory and being stuck with it. Neither are true for Replens sellers! In this "mini-episode" I share a valuable lesson about the inventory selection process called "replens" that takes so much risk out of the equation!

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! Replens course is included in the PAC.

https://ProvenAmazonCourse.com/replens -the REPLENS course by itself (for those who have some Amazon selling experience already)

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)

My Silent Team Facebook group -https://www.facebook.com/groups/mysilentteam

100% FREE! Join 62,000 + 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

Transcript

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0:00.0	Hey, welcome to Silent Sales Machine Radio. This is Jim, your host, and this is a short episode.
0:07.5	I like to do these midweek. Get in, get out, hopefully teach you something valuable.
0:13.8	Regardless of whether you're new to e-commerce and selling on Amazon, or if you've been around
0:18.2	a while, I've got a little lesson that will help shape out one of the most exciting business models in our community. It's the business model that has
0:26.5	represented about 90% of the success stories that you've heard on this show, the dozens of
0:33.0	recent interviews that you've heard with people. Maybe they had no experience online. They're just getting
0:38.5	started. They're starting to pick up some exciting momentum. They come on this show and they start
0:43.0	talking about their business or even some of the bigger success stories that we've done, these
0:47.4	interviews. I'm talking, of course, about the Amazon Replans model. And I want to frame that model
0:53.0	in a way that maybe you've never heard it framed before. And I want to frame that model in a way that maybe you've never heard it framed before.
0:56.1	And I want to talk about loss leaders. If you're familiar with retail selling, a loss leader are
1:02.7	those items that get your feet in the store. They get people to come to the parking lot and walk in
1:08.0	the store. It's those low-priced items at the back of the store.
1:11.6	They're losing money or breaking even at best. It's a very common term in retail, loss
1:17.2	leaders. And the advantage that we have as being replins sellers is we don't have to worry about
1:24.2	lost leaders. Amazon already sells a whole bunch of lost leaders all over
1:29.6	their website. They're attracting millions of shoppers every day. The busiest e-commerce website and
1:36.2	world history as far as number of transactions, they're attracting people like crazy. So we have the
1:42.4	advantage, and this is the skill set that we teach you as a
1:45.1	replan seller. This is the proven Amazon course strategy. That's where we start all new sellers.
1:51.6	It's where many of our even six and seven figure sellers are now planted. It's in this Amazon
1:56.5	replans strategy. You have this ability to not be concerned at all with lost leaders. You only
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