#478: How this young couple built a $1million Amazon business with the REPLENS system
Silent Sales Machine Radio
Jim Cockrum
4.8 • 811 Ratings
🗓️ 6 June 2022
⏱️ 68 minutes
🧾️ Download transcript
Summary
Today's ProvenAmazonCourse.com student just hit $1MM in sales for the most recent rolling 12 month period. They are using the exact REPLENS system we've now heard 100's of recent successful students talk about on this very podcast! They are sourcing items readily available online and in stores and flipping them for 28%-38% NET profit (net profit is calculated before they are paid). That's a very healthy $350K per year in net profit! We talk about some of the best items they've found, some of the boring and consistent items they sell and how they ramped up so quickly. You'll enjoy today's chat with John Hoang
Watch this episode on ourYouTube channel: https://youtu.be/4kQQAVklEys
Show note LINKS:
My Silent Team Facebook group. 100% FREE! Join 69,000 + Facebook 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!
Come meet your fellow listeners to this podcast, dozens of our coaches and hundreds of business building warriors at our live event! We'll have a session on hiring a VA right there where you can ask all of your questions.
TheProvenConference.com - August 12-14th 2022 in Louisville KY
Seller Snap is a fully automated, AI-powered Game Theory Amazon Repricer, guaranteeing the best possible performance.
Get on your way to winning the Buy Box and increasing your sales by joining the Aura repricer team. They'll be there to help every step of the way. Don't forget the SSMR exclusive discount code (must be caps) — SILENTRADIO
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://jimc.biz/2JY4w3a
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) ALL of our coaches are running very successful businesses of their own based on the models we teach here! We've been setting the standard for excellence in e-commerce and Amazon seller coaching since 2002 with over 7,000 students served! Hundreds of our successful, happy students have been interviewed on our podcast!
ProvenAmazonCourse.com - the comprehensive course that contains ALL our Amazon training modules, recorded events and a steady stream of latest cutting edge training including of course the most popular starting point, the REPLENS selling model. The PAC is updated free for life!
ProvenReplensVA.com - We find, train and assign a VA (Virtual Assistant) to work ONLY for you as a "Replen Hunting" specialist! Visit this website to learn more!
Want some free training on the REPLEN selling model for Amazon?
Would you like to watch a 20 minute demonstration of the REPLENS model? Here's a link to a video in our private (free) facebook group (join the group to view the video):
https://www.facebook.com/groups/mysilentteam/posts/4744071185708954/
Here's a similar video on youtube if you don't use Facebook: https://youtu.be/b90bInL2yW8
Keepa.com - https://get.keepa.com/ede41 -The service we use to help interpret all of the selling data. For more information, Jim goes into more detail regarding why we love KEEPA and why every replen seller needs it on episode 369 of this podcast.
Get details on our printed newsletter:
https://www.facebook.com/groups/mysilentteam/permalink/4315695045213239/
SilentJim.com/updates - get an alert on your smartphone each time we have a new podcast episode or free training event!
Transcript
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| 0:00.0 | Hey, business building warrior. This is Jim, the host of Silent Sales Machine Radio. And if this is your first episode, let me fill you in on something. You can scroll back in time and listen to this podcast, many of which are audio-only episodes. If you're watching on YouTube, go to SilentGim.com and scroll back in time and hear dozens and |
| 0:23.4 | dozens at this point, actually hundreds of success stories that are very similar to the success |
| 0:29.3 | story you're about to hear today. Today's guest is John Huang, originally from Vietnam, |
| 0:36.1 | and he has built an incredible business along with his spouse. |
| 0:41.4 | He works a job that keeps him busy for most of the working hours each week, |
| 0:47.7 | but they've managed to build in 2021. |
| 0:52.6 | They sold about $800,000 at about 38% net margin, which is phenomenal. |
| 1:00.2 | And in 2022, as of the end of May, as I'm recording this, they are doing $70,000 to $80,000 per month, |
| 1:09.9 | well on their way to going well over a million |
| 1:12.1 | dollars at around 28 to 30 percent net margin, working again when he can fit it in because |
| 1:20.5 | he's got a full-time designer job as well. His wife is going pretty full-time, but she's |
| 1:25.5 | pregnant with her third child right now. Another one of these families is kind of squeezing this business into the gaps of their life where they can fit it. |
| 1:32.5 | But it's just more evidence that the way we teach Amazon works. |
| 1:37.8 | The replins model that we teach in the proven Amazon course simply works. |
| 1:43.5 | Now, all the links and resources that you're going to hear mentioned on today's show |
| 1:46.9 | are found in the show notes. |
| 1:49.6 | You can go to silentjim.com, |
| 1:51.7 | or if you're watching on YouTube, scroll down and look at the description of this video, |
| 1:55.7 | and you'll see links to all the different things we're going to talk about, |
| 1:58.5 | our coaching program at Jim Cockram coaching, |
| 2:01.6 | our virtual assistant training program where we train virtual assistants who work for a few |
| 2:08.5 | dollars per hour in local currency. That's a lot of money. You're taking good care of them, |
... |
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